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JD Orgochem
BSE: 524592|NSE: JDORGOCHEM|ISIN: INE263B01022|SECTOR: Dyes & Pigments
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Company History - JD Orgochem
YEAR                       EVENTS
 1973 - The Company was incorporated as Private Limited company on
        5th October.  The Company was later converted into public
 limited
        company 29th October 1988.  The Company promoted by Shri
        Saradchandra S. Kothari and his family members and is one of
 the
        leading manufacturers of Reactive and Disperse Dyes in India.
        The Company is the fourth largest manufacturer of dyes in
 India.
        The Company also manufactures a number of Dye Intermediates.
 
      - The Company has an R&D department and has agents and
 distributors
        all over the world and the products are sold under the brand
        name Reactofix and Terenex.
 
 1989 - Effective 1st April, the Group companies viz. Jay
 Phthalocyanines
        Pvt. Ltd., Jay Ethyl Organics Pvt. Ltd. and N.A. Chemicals
 Pvt.
        Ltd., having their plants next to the company's plant at
 Turbhe &
        manufacturing similar products as of the company were
 amalgamated
        with the company.
 
 1993 - The company has issued 8,209,960 Bonus Shares in the ratio of
 517
        No. of Equity Shares for every 50 Equity share held.  Further
        2,150,000 No. of Equity Shares of Rs.10/- each at a premium
 of
        Rs.90/- per share were issued and allotted by private
 placement
        to ICICI Ltd., UTI & TDICI Ltd.
 
 1994 - The Company implemented the project at both the plants of the
        company at a cost of Rs 23 crores which enhanced the dyeing
        capacity from 3600 tpa to 4680 tpa.
 
      - Plant and Machinery comprised
 rubberlined/titlelined/carbonlined
        reactors, holding tanks, membrane systems were installed.
 
      - 121,00,000 No. of equity shares issued to promoters and
 companies
        belonging to promoters group (of these 16,90,000 shares
 issued
        as per scheme of amalgamation) 3,000 Pref. shares issued to
        erstwhile shareholders of Jay Phthalocyanines Pvt. Ltd., Jay
        Ethyl Organics Pvt. Ltd. as their amalgamation with the
 company.
 
      - In order to get Equity Shares of the Company listed on Stock
        Exchanges, an Offer for Sale of 3,075,000 No. of Equity Shares
 of
        Rs.10/- each of the Company at a price of Rs.135/- per Share
        aggregating Rs.415,125,000/- was made by the Promoters,
 Financial
        Institutions and a Finance Company to the Resident Indian
 Public
        vide Offer Document dated 22nd April.
 
      - During the year under review Jay Pesticides Ltd., Jaysynth    
 
        Polychem Ltd. and Jaysynth Finance Ltd. have become
 subsidiaries
        of the Company.
 
 1995 - The Company issued 8,00,000-17.5% secured non-convertible
        debentures of Rs 100 each on private placement basis to UTI.
        These were to be redeemed in three equal instalments on the
        expiry of 6th, 7th & 8th year from the date of allotment of
        debentures.
 
      - The Company issued 11,50,000 No. of equity shares of Rs 10
 each
        at a premium of Rs 150 per share to ICICI on exercising the
 right
        of part conversion of loans.
 
 1996 - The Company issued 13,73,000 zero interest secured
        non-convertible debentures of Rs 120 each to ICICI on private
        placement basis.  Also, the Company issued 11,00,000 NCDs to
 UTI
        (4,00,000 debs.) LIC (2,00,000 debs) LIC Mutual Fund
 (2,00,000
        debs.) and Bank of Baroda (3,00,000 debs.).
 
      - During the year under review 800,000 17.5% Secured 
        Non-convertible Debentures of Rs.100/- each aggregating Rs.
 80
        Million were issued and allotted by Private Placement to Unit
        Trust of India.
 
      - During the year under review 1,150,000 Equity Shares of
 Rs.10/-
        each at a premium of Rs.150/- per share were issued and
 allotted
        to The Industrial Credit & Investment Corporation of India
        Ltd.(ICICI), on ICICI exercising right of part conversion of
        Rs. 184 Million out of its Term Loan of Rs. 260 Million.
 
 1999 - During the year under review, 300,000 14% Secured
 Non-Convertible
        Debenture of Rs.100/- each (Series II), 300,000 18.5% Secured
        Non-Convertible Debenture of Rs.100/- each (Series III), and
        800,000 17.5% Secured Non-Convertible Debenture of Rs.100/-
 each
        (Series IV), 300,000 19% Secured Non-Convertible Debenture of
        Rs.100/- each (Series VI) were all prematurely redeemed.
 
 2000 
 
 -The Company has entered into an agreement with NSDL and CDSL.
 
 2002
 
 -The Registered Office of the Company has changed from E-16,
 'Everest', Tardeo Road, Mumbai - 400 034 to 301, Sumer Kendra,
 Pandurang Budhkar Marg, Worli, Mumbai - 400 018 
 
 2003 
 
 -Changed the name of the Company from Jaysynth Dyechem Ltd. to JD
 Orgochem Ltd.
 
 2007
 
 -JD Orgochem has designated E-mail ID for Investor Complaints:
 sec@jaysynth.com
Source : Dion Global Solutions Limited
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