1932 - The Company was incorporated at Ahmedabad.
- The company's objects is to manufacture cotton textile goods,
Products manufactured are grey takas, sarees, dhoties,
poplins, longcloths, crepes, drills, twills, coatings,
netting, dorias, printed poplins, chintz, mercerised lawns
poplins. Counts ranging from 18/24s to 32/42s medium and
to 42/50s fine are spun. The cloth width ranges from 25 to
The mills are equipped to perform bleaching, dyeing,
Calico-printing, yarn dyeing and mercerising.
1948 - 4,800 2nd Pref. shares issued as bonus in prop. 1 pref. 1
1949 - 800 Bonus equity shares issued in prop. 1:6 equity.
1950 - 5,600 Bonus equity shares issued in prop. 1:1. Equity shares
consolidated into shares of Rs.200 each.
1961 - Div. on 1st and 2nd Pref. shares raised to 6.43% and 5.74%
respectively subject to tax.
1982 - The Maneklal Harilal Spg. & Mfg. Co., Ltd. was amalgamated
the company with effect from 1st January, and the name was
subsequently changed to The Maneklal Harilal Mills, Ltd.
- 4,303 No. of equity shares cancelled 48,000 No. of equity
issued without payment in cash to members of the Maneklal
Spg. and Mfg. Co. Ltd. on its merger.
1983 - The company issued 2,00,000 - 15% secured non-convertible
debentures of Rs.100 each on `Rights basis' to the existing
resident equity shareholders of the company. These debentures
were redeemed on 28th May 1991 at a prem. of 5% of the face
- In February, the name of the company was changed from The
Mills, Ltd. to The Maneklal Harilal Mills, Ltd.
1985 - The company issued 1,50,000 - 15% secured redeemable
non-convertible debentures of Rs.100 each to public financial
institutions on private placement basis. These debentures
redeemable on 2nd April, 1993 at a prem. of 5%.
1988 - Equity shares subdivided. All 2nd Pref. shares redeemed.
1991 - The company issued non-convertible debentures aggregating
lakhs to financial institution on private placement basis.
debentures are redeemable in three annual instalments of
lakhs, Rs.130 lakhs and Rs.135 lakhs on 6.8.1997, 6.8.1998
6.8.1999 respectively at a prem of 5%, the prem. being payable
- 39,437 Bonus equity shares allotted in prop. 2:5, in November
Equity shares then further subdivided.
1992 - During June, the company issued 13,80,310 - 14% fully
debentures of Rs.50 each on rights basis in the prop. of 1
debenture : 1 equity share held. All were taken up.
2,07,046 debentures were allotted to retain oversubscription.
- Another 69,014 - 14% fully convertible debentures of Rs.50
were offered to the employees. Only 34,925 debentures were
taken up. The unsubscribed portion was to be allotted
- Each debenture of Rs.50 was to be converted into one equity
of Rs.10 each at a prem. of Rs.40 per share on 25th February,
1993. Accordingly 16,22,281 No. of equity shares were
- During March, 9,01,760 Rights Equity shares issued in prop.
(all were taken up). Another 450 shares offered to employees
equitable basis (only 500 shares taken up). Unsubscribed
was allotted to lapse.
1993 - The Company put up two wind turbines of 0.25 MW capacity each
the generation of electricity by non-conventional method at
village Lamba, district Jamnagar, Gujarat. Also applied for
another land at village Dhank near Rajkot for more number of
- It was also proposed to put up a flexible packaging unit at
Village Vasana - Lyava a notified backward area on Ahmedabad
Viramgam high way when completed, the company would produce
flexible plastics packaging material viz., packaging edible
vanaspati ghee, fruit juice, toiletaries etc. Moreover a non
woven fabrics project was to be set up by promoting a
- A MOU was entered into with NWT of Italy. It was also
to enter the capital market in the near future.
1994 - 11,11,452 shares allotted on conversion of part A of 14% PCD
Rs 120 each.
1995 - The company commissioned four wind turbines totalling 1.00 MW
capacity for the generation of electricity by
method at village Lamba.
- During March-April, the company offered 11,11,452 - 14%
convertible debentures of Rs.120 each along with detachable
warrants, on Rights basis in prop. 1 PCD : 3 equity shares
(all were taken up).
- Part `A' of Rs.37.50 of the face value of Rs.10 each at a
of Rs.27.50 per share after 6 months from the date of
- Part `B' of Rs.37.50 was to be converted into one equity
of Rs.10 each at a prem. of Rs.27.50 per share after 18 months
from the date of allotment of debentures.
- Balance Part `C' of Rs.45 was to be redeemed at par at the
of 5th year from the date of allotment of debentures.
- Each warrant entitles the holder to apply for 2 equity shares
Rs.10 each between twelve months and sixty months from the
of allotment of debentures.
1996 - The name of the company was again changed to the present one
Maneklal Harilal Mills and Industries Ltd.
- The Company proposed to modernise the existing facilities for
manufacture of yarn and fabrics.
- 11,11,452 shares allotted on conversion of part `B' of PCDs.
-Company has Alloted 24161 Equity Share to IDBI Bank Ltd on
-Company has created email id for the purpose of registering
complaints by investors. email@example.com.