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Cochin Minerals and Rutile
BSE: 513353|ISIN: INE105D01013|SECTOR: Chemicals
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Company History - Cochin Minerals and Rutile
YEAR                       EVENTS
 1989 - Cochin Minerals and Rutile Ltd. (CMRL), was incorporated and
        obtained the certificate for commencement of Business on 18th
 
        August.  It was promoted in the assisted sector by S.N.
        Sasidharan, Mathew M. Cherian, a NRI with Kerala State
 Industrial
        Development Corporation (KSIDC).  The company is engaged in
 the
        Manufacture of Synthetic Rutile, Ferric Chloride and
 recovered
        Titanium di-oxide.
 
      - The Company undertook to set up a 100% EOU on a piece of land
 
        admeasuring 10 acres at Edayar area Development in Alwaye in
        Kerala.
 
      - Orders for critical items of plant and machinery including
 coke
        reduction plant consisting of rotary roaster and cooler,
        digestive plant etc. were placed.
 
      - M/s. Eastern Paper Mills Ltd., were to provide for Spherical
        rotory digesters and National Sugar Industries Ltd. rutile
 drying
        plant etc.
 
 1994 - 8,50,000 shares 1,50,000 shares of Rs 10 each allotted to
        promoters, directors and KSIDC respectively.  31,00,000 No.
 of
        equity shares of Rs 10 each were then issued at par in 1992
 of
        which 4,40,000 shares and 4,00,000 were reserved and allotted
 to
        NRI Indian promoters and non-repatriation basis and Canbank
        Mutual Fund respectively.  Of the remaining 4,60,000 shares
 and
        2,05,000 shares were reserved for allotment on a preferential
        basis to KSIDC and employees respectively.  Balance 18,00,000
        shares along with 1,72,200 shares not taken up under
 preference
        allotment.  Additional 6,15,000 shares were allotted to
 retain
        oversubscription.
 
 1995 - The Company received mining lease from the government of
 Kerala
        for Beach Sand Minerals at Neendakara-Kayamkulam belt.
 
      - 23,57,500 rights equity shares issued in proportion 1:2 (only
 
        22,52,027 shares taken up) Balance 1,05,473 shares were left
 to
        the discretion of the Directors.  In addition 7,57,500 shares
        allotted to on a firm basis to private promoters.
 
 2006
 
 -Cochin Minerals enters into agreement with Regional Research
 Laboratory, Trivandrum
 
 2009
 
 - Cochin Minerals & Rutiles Ltd has informed that the Board of
 Directors of the Company at its meeting held on May 27, 2009, has
 appointed Mr. Saran S Kartha, son of Mr. S N Sasidharan Kartha, as an
 additional director with immediate effect. He is a Promoter Director.
 
 2010
 
 -Cochin Minerals & Rutiles has recommended dividend of 15 percent
 (Rs. 1.50 per share) 
 
 2011
 
 -Cochin Minerals & Rutiles has recommended dividend of 17.5 percent
 (Rs. 1.75 per share) 
 
 2012
 
 -Cochin Minerals & Rutiles has recommended dividend of Rs. 12 per
 share including Rs. 10/- per share
Source : Dion Global Solutions Limited
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