DCM Shriram Industries
BSE: 523369 | NSE: DCMSRMIND | ISIN: INE843D01019 | Sugar
| Company History - DCM Shriram Industries | |
Under a Scheme of Arrangement approved by the shareholders and
creditors of the Company and also by the Hon'ble Delhi High Court
vide their Order dated 16-4-90 the Company (DCM Ltd) now stands
divided into four companies w.e.f. 1-4-90 as follows :
i) DCM Limited
ii) DCM Shriram Industires Ltd
iii) DCM Shriram Consolidated Ltd
iv) Shriram Industrial Enterprises Ltd
As per the scheme, the shareholders of DCM Ltd will be allotted
shares in DCM Shriram Industries Ltd. and Shriram Industrial
Enterprises Ltd. in the ratio of one share in each of the above
Companies for every four shares held by then in DCM Ltd as on
21-9-1990.
Pursuant to the scheme three units namely. Daurala Sugar Works,
Shriram Rayons and Hindon River Mills have been vested with the
Company.
2000 - Credit rating agency has retained the MD rating, indicating
default to the fixed
deposit programme of the company.
2001- The Board of Directors of the company has approved as under :
1. Hiving off of its Polymer Processing Business on a
going concern basis to its 91% subsidiary DCM Shriram
Exports Ltd.
- The communication issued to the BSE, DCM Shriram
Industries Ltd has informed that Shri D.C.Mittal, Joint
Managing Director has demitted office on December 11, 2001. |
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| Source : Religare Technova | |
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