1928 - The company was incorporated at Calcutta. The Company runs
regular express cargo services on the India-U.K.
America, India-Poland and India-USSR Routes. The
runs services on the Indian Coast.
- Pref. shares redeemable at the option of the Company
in part at 3 months' notice at a premium of Rs 10 per
1945 - 7,50,000 Right Equity shares offered at par in the prop. 3:2.
1946 - 9,99,693 Right Equity shares issued (prem. Rs 2.50 per share;
1958 - 2,25,000 Bonus Equity shares issued in prop. 1:1.
1972 - One more ship-Ratna Shobhana was scrapped The Company's
agents in the U.K., viz. M/s. Stelp & Leighton were
M/s. R.G. Shaw Shipping Ltd., with effect from 1st
1974 - 24,75,000 Bonus Equity shares were issued in the prop. 1:1.
1988 - The Company witnessed a turn-around in its operations and
- The Company registered profits after a gap of seven
due to intensification of operational activities in high
areas, rationalization of voyages and stricter control
- The Company put m.v. Indian Courier on time charter.
Government of India's approval was received for
modern second hand vessels to revamp its fleet.
1989 - The Ratnakar Shipping Company Ltd. amalgamated with the
with effect from 1st April.
- Pursuant to the scheme of Amalgamation, the equity
of RSCL were issued 20,20,136 No. of equity shares of
- 49,50,000 Rights Equity shares issued at par in prop.
Sept. 1989. 2,47,500 No. of equity shares offered at
employees etc. but only 5,347 shares taken up.
20,20,136 No. of
equity shares allotted without payment in cash to
Ratnakar Shipping Co. Ltd. its merger.
1990 - The operations resulted in a loss because of escalation of
prices arising from the Gulf war, increase in the wage
officers and seamen and depressed bulk dry cargo
- Allotted 66,04,768 Right equity shares (prop. 3:5) and
equity to employees both at par. Allotment of 250 Right
shares to NRIs was pending.
1991 - Four vessels Indian Fame. Indian Fraternity, Indian Fortune
and Indian Venture were disposed of.
- 250 Right Equity shares allotted to NRI's.
1993 - During the year liner operation was suspended due to change
government policies and fraction following the
2000 - The Board has decided to issue 2,90,00,000 shares of Rs 10/-
on a preferential basis to Zuari Investments Ltd.
2002-India Steamship Company Ltd has informed that Mr Kamal Kumar
Palit has been appointed as additional Director on the Board of
Directors and subject to the approval of the members of the company,
also as a whole time Director designated as Executive director.