Company History - KPR Mill
The Company was incorporated as K.P.R. Cotton Mills Private Limited
on March 19, 2003 under the Companies Act. The name of the Company
was subsequently changed to K.P.R. Mill Private Limited and the
status
of the Company was also changed to a public limited company following
a merger and pursuant to a scheme of arrangement approved by the
High Court of Judicature at Madras on August 19, 2006 with effect
from
April 1, 2005. The fresh certificate of incorporation consequent upon
the
change of name and status of the Company was granted on October 5,
2006, by the RoC.
Key Events and Milestones
Month and Year Event
May 2004 K.P.R. Mill Private Limited (for its operations
located at
Sathyamangalam) and K.P.R. Spinning Mill
Private Limited
(for its operations located at
Karumathampatti) received
ISO 9001:2000 certification for their
quality management system.
July 2004 The Company started a spinning facility with a
capacity of 50,784
spindles.
August 2005 The Company initiated implementation of new
projects at an outlay
of Rs.4716.7 million comprising a
spinning facility with 100,800
spindles, a garment unit with 1440 sewing
machines, a fabric
processing unit with capacity to process
23 metric tons of fabric per
day and 12 windmills of 1.65 MW each with
an aggregate capacity
of 19.8 MW and modernization of the
spinning facility located at
Sathyamangalam.
August 2005 K.P.R. Mill Private Limited (for its operations
located at Sathyamangalam)
and K.P.R. Spinning Mill Private Limited
(for its operations located at
Karumathampatti) received ISO 14001:2004
certification for their
environmental management systems.
September 2005 K.P.R. Mill Private Limited (for its operations
located at Sathyamangalam)
and K.P.R. Spinning Mill Private Limited
(for its operations located at
Karumathampatti) received SA 8000:2001
certification for their social
accountability management system
certifications for the manufacture
of cotton yarn.
February 2006 The business of K.P.R. Knits was acquired by the
Company with effect
from April 1, 2005.
March 2006 The Company completed installation of 12 windmills
with an aggregate
capacity of 19.8 MW.
August 2006 K.P.R. Mill Private Limited and K.P.R. Spinning
Mill Private Limited
merged with and into the Company with
effect from April 1, 2005.
November 2006 Private equity investment in the Company by Ares
Investments, Brandot
Investments Limited and Argonaut
Ventures.
2008- K.P.R. Mill Limited has informed that in the Meeting of the
Board of Directors of the Company held on March 24, 2008, the
following persons have been appointed as Additional Directors of the
Company:
(1) Sri G.P. Muniappan, Former Deputy Governor of Reserve Bank of
India.
(2) Sri A. Sekar, a Whole-Time Employee of the company, as a Whole-
Time Director designated as 'Director (Commercial)'.K.P.R. Mill
Limited has informed the Exchange that in the Meeting of the Board of
Directors of the Company held on March 24, 2008, the following persons
have been appointed as Additional Directors of the Company:
(1) Sri G.P. Muniappan, Former Deputy Governor of Reserve Bank of
India.
(2) Sri A. Sekar, a Whole-Time Employee of the company, as a Whole-
Time Director designated as 'Director (Commercial)'.
2009
- Board has recommended a Dividend of Rs 2/- per share.
2010
- Sri A.M.Palanisamy, B.Com, F.C.A. has been appointed as an
Independent Director of the Company.
- Board has recommended a Final Dividend of Rs. 1.50 /- per share.
2011
- Sri. C. Thirumurthy, has been appointed as an 'Additional Director'
of the Company.
- Sri.C.R. Anandakrishnan, has been appointed as 'Executive Director
of the Company.
- KPR Mill - Expansion of Wind Power Generation Capacity.
- Board has declared a Final Dividend of Rs. 3/- per share.
2012
- Board has recommended a Final Dividend of Rs.2/- per share.
- Mr. P. L. Murugappan, Chartered Accountant, has been appointed as
Chief Financial Officer of the Company.
2013
-KPR Mill has recommended a Final Dividend of Rs. 3/- per share (30%)
on the face value of Rs.10/- each.
2014
-KPR Expansion Update Commences Expanded Garment Production at
Brownfield.
-KPR Mill has recommended a Final Dividend of Rs. 3/- per share (30%)
on the face value of Rs.10.
2016
-KPR Commissioned a Largest Garment Producing Capacity
2017
-KPR commissioned New State of the Art Processing Plant with Cold
Processing Technology.
-KPR Mill commences operations in New Printing Division.
2021
-KPR Mill Ltd. announces stock split having face value Rs 5.00 each
into 4 equity shares of face value Rs 1.00 each.
