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Nidhi Granites > Company History > Trading > Company History of Nidhi Granites - BSE: 512103, NSE: N.A
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Nidhi Granites
BSE: 512103|ISIN: INE276H01013|SECTOR: Trading
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Company History - Nidhi Granites
YEAR                       EVENTS
 1981 - The Company was Incorporated on 21st November, in the name of
 
        Hyperion Trading and Agencies Ltd. for the purpose of
 carrying
        out business in trading and agencies activities.  Its main 
        activity is export and mining.  The Company's object is to
        manufacture granite slabs and tiles.
 
      - The Company is in the business of merchant export and was
 awarded
        Certificate of Merit by CAPEXIL Promotion Council for
 significant
        contribution to exports.
 
      - The Company acquired 6 granite quarries in Rajasthan and 
        undertook to acquire modern machines for quarrying granite
 blocks
        for exports.  The Company raised an amount of Rs.1 crore
 through
        a Rights issue to start the quarrying at Rajasthan.
 
 1995 - 75,000 No. of Equity shares issued, subscribed and paid-up.
        2,25,000 No. of equity shares were then issued at par on 21st
        November, 1981 through a prospectus to the public.  The
 Company
        issued 4,50,000 Rights shares (prop. 2:3).
 
 1996 - A High Court order was issued to the mining department,
 Rajasthan
        Claiming that forest area should not be used for mining work,
 the
        mining department was instructed to shut down the mining
 work.
        However, the mining work of the Company at Warangal in A.P.
 was
        reported to be in full swing.
Source : Dion Global Solutions Limited
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