The company was incorporated as a Public Limited Company on 27th
 February 1981, and registered with the Registrar of Companies,
 Jallandhar. The certificate of Commencement of Business was obtained
 by the Company on 25th June. The promoters are Joginder Paul Marwah,
 Karnail Singh, Madan Lal Nayar, Balbir Singh Munjral and Bodh Raj
 Arora. JMGL’s maiden initial public issue of its equity shares was
 launched in June 1986.
 
 The main objective of the company is to manufacture figured and wired
 glasses.The plant site was chosen at village Tipra, Banotiwala in
 Tehsil Kasauli of Solan District of Himachal Pradesh, an industrially
 backward area.
 
 1985 - 1,22,800 shares subscribed for by promoters, directors, etc.
        12,27,200 shares were then issued at par out of which
 5,27,200
        shares were reserved and allotted to promoters, directors,
 etc.
 
      - Out of the remaining 7,00,000 shares, 67,500 shares to
 employees
        including Indian working directors of the Company and 14,000
        shares to business associates of the Company were reserved
 for
        preferential allotment.
 
      - Only 43,100 shares were taken up out of this preferential
 quota.
        The balance 6,18,500 shares along with the unsubscribed
 portion
        of 38,400 shares out of the preferential quota, were offered
 for
        public subscrition.
 
      - Only 2,26,000 shares taken up by the public.  The balance
        4,30,000 shares devolved on the underwriters.  (2,15,150
 shares
        on IDBI, 1,11,878 shares on IFCI and 1,03,272 shares on
 ICICI).
 
 1990 - Shares fully paid-up.
 
 1991 - During the year, the company introduced high value added
 products
        viz., opthalmic, specially tinted figured wired glass and was
 
        well accepted in the market.
 
      - The production capacity was increased to 5.20 million sq.
 mtrs.
        from 2.6 million sq. mtrs. and commercial production
 commenced
        in March 1992.
 
 1994 - The name of the Company was changed to Jai Mata Glass Ltd.
 
 1995 - The company commissioned its 24% lead crystalware unit and
        commenced commercial production in March, 1996.
 
 1996 - The sale price of rolled, figured and wired glass remained
        depressed on account of keen competition.
 
      - On 16th March, the company allotted 13,50,000 No. of equity
        shares in the ratio of 1:1 at a premium of Rs. 35 each to
 part
        finance the 29% lead crystalware project of the company.