MARKET RADAR
SENSEX     NIFTY      
Navneet Publications > Company History > Printing & Stationery > Company History of Navneet Publications - BSE: 508989, NSE: NAVNETPUBL
YOU ARE HERE > MONEYCONTROL > MARKETS > PRINTING & STATIONERY > COMPANY BACKGROUND - Navneet Publications
Navneet Publications
BSE: 508989|NSE: NAVNETPUBL|ISIN: INE060A01024|SECTOR: Printing & Stationery
SET ALERT
|
ADD TO PORTFOLIO
|
WATCHLIST
  
LIVE
BSE
Feb 14, 11:01
57.00
0.1 (0.18%)
VOLUME 1,370
LIVE
NSE
Feb 14, 11:01
57.00
0.2 (0.35%)
VOLUME 1,918
Company History - Navneet Publications
 
 - The Company was incorported on 18th September, and obtained the
 Certificate of Commencement of Business on 12th October, 1984.  It
 was
 promoted by Jaisinh Kanji Sampat, Chatrabhuj Kanji Sampat and Dilip
 Chatrabhuj Sampat.
 
 - The Company carry on business as printers, publishers of educati
 books, newspapers, journals, etc.  A new printing press was set up
 at
 Dantali in Gujarat incorporating latest printing technology and
 performing varied production functions like printing, binding, etc.
 
 - 70 No. of equity shares subscribed for by Signatories to the
 Memorandum of Association.  4,99,930 No. of equity shares then
 issued
 at par of which 1,99,930 shares were reserved and allotted to
 promoters, directors, friends, etc.  The remaining 3,00,000 shares
 were
 offered for public subscription during November 1984 (all were taken
 up).
 
 1986
 
 - 12,00,000 Rights equity shares were offered at par in prop. 12:5
 during January 1987 (all were taken up).
 
 1991
 
 - The Company has changed its name from Bookwing Publications &
 Trading
 Co. Ltd. to Navneet Publications (India) Ltd. with effect from 22nd
 November.
 
 1992
 
 - The Company has set up export division to export paper stationery
 products during the year.
 
 - The Company installed computerised weighing system to check the
 wastage and effect corrective actions.  One photo type setting
 machine,
 imported from USA was installed.
 
 - The Company has entered into agreement with the publishers,
 acquiring
 licence to publish more than 2000 titles.
 
 1993
 
 - The Company was successfully implemented its
 expansion-cum-diversification project.  The Company is setting up an
 additional unit at Daman for manufacturing paper stationery items
 and
 educational books involving a total project outlay of Rs 700 lakhs.
 
 - 15,00,000 shares allotted at par to publishers and their nominees.
 15,52,400 shares issued to public (prem. Rs 50 per share) through
 prospectus.
 
 1994
 
 - 16,00,000 No. of Equity shares of Rs 10 each at a premium of Rs 10
 per share allotted on conversion of Fully Convertible Debentures.
 
 - The Company is setting up an additional unit at Daman for
 manufacturing paper stationery items and educational books1.
 
 - The Company has installed 4 Wind Electric Generators.
 
 1995
 
 - 31,76,200 No. of equity shares allotted as bonus shares in the
 ratio
 of 1:2.
 
 - The Company also installed a state-of-the-art `Notebook-On-Line'
 machine, in the year, at Daman.
 
 1997
 
 - The company had signed the agreement with the National security
 Depository Ltd. (NSDL)
 
 1998
 
 - CRISIL has re-assigned its highest rating of P1+ (pronounced as P
 one
 plus) for the commercial paper programme of the company, indicating
 highest safety.
 
 1999
 
 - The company was selected to receive the Analyst Award 1999 from
 the
 Institute of Chartered Financial Analysts of India.
 
 - The company has acquired three registered trademarks Navneet,
 Vikas
 and Gala from three partnership firms.
 
 - The company has decided to open the chain book stores throughout
 the
 country and has made a foray into electronic publishing with the
 launch
 of their first interactive CD-Rom, titled `The World of Talking
 Pictures'.
 
 2000
 
 - The company has set up a new business unit of electronic
 publishing,
 to keep pace with technology.
 
 - The P1+ rating assigned to the CP issue of the Company has been
 reaffirmed by Crisil.
 
 - Navneet Publication (India) Ltd., has tied up with the Singapore
 Tourism Board (STB) to celebrate the Millenniamania, a series of
 events
 and festivals.
 
 - The Company has acquired 100 per cent equity shares of Navneet
 Edutauinment Ltd.  Accordingly, Navneet Edutainment Ltd has become
 100
 per cent subsidiary of the company.
 
 - The Company has been allotted 49,98,500 No. of equity shares of Rs
 10/- each (Rs. 3/- per share paid-up) of Navneet Edutainment Limited,
 a
 wholly owned subsidiary of the company
 
 2001
 
 - The Company has introduced another book in its ongoing series, A
 Vision of India.
 
 - Navneet Edutainment Ltd., a wholly-owned subsidiary of the
 company,
 allotted 1,50,000 No. of equity shares of Rs 10 each to Nilesh S.,
 Shah, Management Consultants, on March 29, 2001
 
 2002
 
 -Commences Commercial Production at Silvassa unit II of the company,
 for the manufacturing of a range of stationary products.
 
 2003
 
 -The members approves the delisting of equity shares of the company
 from the Ahmedabad stock exchange and Saurashtra Kutch Stock Exchange
 Ltd.
 
 2004
 
 -Equity shares delisted from Ahmedabad Stock Exchange
 
 2005
 
 -Delists securities from the Saurashtra Kutch Stock Exchange Ltd
 w.e.f. March 31, 2005.
 
 2007
 
 -Navneet Publications Ltd. has appointed Mr. Amit D. Buch has as the
 Company Secretary and Compliance Officer of the Company w.e.f. 4th
 June 2007.
 
 2010
 
 - Navneet Publications India Limited has appointed Mr. Mohinder Pal
 Bansal as Additional Director of the Company with effect from
 September 14, 2010.
 
 - Navneet Publications India Ltd has appointed Mr. Mohinder Pal
 Bansal as Additional Director of the Company with effect from
 September 14, 2010.
Source : Dion Global Solutions Limited
Quick Links for Navneet Publications
Follow moneycontrol.com

Explore Moneycontrol
Stocks     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Others
Mutual Funds     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.