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Somany Ceramics
BSE: 531548|NSE: SOMANYCERA|ISIN: INE355A01028|SECTOR: Ceramics/Granite
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Company History - Somany Ceramics
YEAR                       EVENTS
 1968 - The company was incorporated on 20th January at Calcutta.  It
        manufactures and deals in glazed tiles and carries on leasing
        business. 
 
      - The company entered into a collaboration agreement with
        Pilkington's Tiles Limited, U.K. 
 
      - Special Refractories Ltd., is a subsidiary of the company.
 
      - Issued 93,200 No. of equity shares to directors, etc., 20,000
 No.
        of equity shares to ICICI, 78,000 No. of equity share to
        Pilkington's Tiles Ltd., U.K. (30,000 shares for cash and
 48,000
        shares against plant and equipment).  1,08,800 No. of equity
 and
        10,000 Pref. shares offered to public in January 1970.
 
 1974 - 100 forfeited shares reissued.
 
 1976 - 2,99,950 Bonus Equity shares issued in prop. 1:1.
 
 1983 - The company undertook to set up a new unit at Kadi in Gujarat
        with a licensed capacity of 6,000 tonnes per annum. 
 Production
        was started in June.
 
      - Kadi unit had teething troubles and did not reach its
 installed
        capacity.
 
 1984 - Pref. shares redeemed on 28.2.1985.  2,99,950 bonus equity
 shares
        issued in prop. 1:2.
 
 1985 - Production increased further to 5,665 tonnes despite power
 supply
        constraints.  The company continued to face problems at
 Kassar
        due to changeover of a large part of firing system from
 furnace
        oil to residual fuel oil.
 
      - A modernisation programme was undertaken at Kassar which
 would
        enable the company to introduce newer designs.
 
 1986 - Production declined to 19,742 tonnes due to strike at the
 Kassar
        factory from 22nd June 23rd September, 1987 and poor power
        availability.  The company proposed to install a 22 MW diesel
        generating set and steps were taken to install storage tanks
 for
        liquified petroleum gas, for which Government approval had
 been
        received.
 
      - Modernisation in the body preparation section was in
 progress.
        This programme was expected to improve the efficiency of the
        tablet pressing section.  It was also proposed to install
 more
        modern imported automatic hydraulic presses by way of
 replacement
        of the existing mechanical presses.  On completion of the
        proposed programme of modernisation and expansion, the
 production
        capacity at Kassar would stand increased to 31,000 tonnes per
        annum.
 
      - Modernisation at Kadi unit envisaged replacement of existing
        mechanical presses with automatic hydraulic presses,
 upgradation
        of glazing lines with the introduction of tile decorating
        machines and moderation of tile sorting and packing section.
 
 1987 - 50 forfeited shares reissued.
 
 1988 - Commissioning of hydraulic presses at Kassar was completed
 and
        trial production was started.  Active steps were being taken
 for
        further modernisation under the TDF Scheme at Kadi was
 approved
        by Government.
 
 1989 - The company took up a floor tile project with a capacity of
        12,000 tonnes per annum.  Despite completion of erection of
 the
        machinery, commissioning was considerably delayed on account
 of
        Government's inability to provide and natural gas by November
        1991.
 
      - 8,99,900 Bonus shares issued in prop. 1:1.
 
 1990 - Despite a strike by workmen at Kadi unit from 22nd June to
 22nd
        August, total production rose to 30,961 tonnes.  There was a
        satisfactory growth in sales and profits also.
 
      - Imported machines under TDF Scheme were installed at Kadi.
 
 1991 - Two more automatic hydraulic presses were installed at
 Kassar.
 
 1992 - One more automatic hydraulic press was being installed at
 Kadi. 
        Simultaneously, more screen printing machines were being
        installed.
 
      - The Company entered into a collaboration agreement with M/s
        Pilkington's Tiles Ltd. for upgradation in the existing
        technology.  
 
 1993 - During October/November the company made a right and public
 issue
        of 3,32,950 and 1,67,050 - 15% secured redeemable partly
        convertible debentures of Rs. 300 each respectively.  Right
 issue
        was made in the ratio of one debenture for every four equity
        shares held by the existing shareholders (all were taken up).
        Out of public issue, 5,000 debentures were offered to the
        employees, 16,700 debentures were offered to the shareholders
 of
        Schablona India Ltd. and remaining 1,45,350 debentures were
        offered to the public (all were taken up).
 
      - Part-A of Rs. 100 was to be converted into one equity share
 of
        Rs. 10 each at a premium of Rs. 90 per shares on allotment.
        Remaining Part-B of Rs. 200 was repayable in 3 equal
 instalments
        from 6th, 7th and 8th year from the date of allotment.
 
 1994 - The capacity of floor tiles was expanded from 15,000 tonnes
 to
        30,000 tonnes.
 
      - The Company entered into a collaboration agreement with M/s.
        Pilkingtons Tiles Limited for upgradation in the existing
        technology. 
 
 1995 - 5,000 sq. mtr./day wall tile unit by double fast firing was 
        commissioned and is fully operational.
 
      - 45,99,600 bonus equity shares issued in prop. 2:1.
 
 1996 - The Company introduced India's largest ceramic tile (45cm X
        45cm), production of such large size ceramic tile requires
 very
        high technology and skills.
 
 1997 - SPL has tied-up with Schblona India to manufacture ceramic
 decals
        and fire the same on glazed tiles.  SPL would be one of the
 first
        Indian companies to use this technology. 
 
      - SPL introduced 45x45 cm tiles - a world class product - for
 the
        first time in the domestic market.
 
      - A new unit has also been commissioned at Kassar with a fire
        printing technology that can print any kind of prints on
 tiles.
 
 1998 - SPL Limited holds 185,000 fully paid Equity Shares of Rs. 10
 each
        in the Company as on 31st March.
 
 1999 - The company has entered into a technical collaboration with
        Leonardo Ceramica, Italy which is a part of the Cooperative
        Ceramica di Imola group: the fourth largest producer of
 ceramic
        tiles in Italy and a leading manufacturer in the vitrified
        porcelain tiles segment.
 
      - The Company has entered into an Agreement with National
        Securities Depository Limited (NSDL) in order to provide the
        requisite facilities for dematerialisation of its shares. 
 
 2000 - SPL Ltd., the makers of Somany tiles, has entered the
 vitrified
              tiles segment by launching `Greviti'.
 
 2001 - SPL Ltd., makers of Somany tiles, has launched a new concept
 in
              floor and wall tiles, called the VersaTile brand.
 
 
 
 2004
 
 -Delists shares from  Delhi Stock Exchange Association Ltd
 
 2006
 
 -SPL Ltd has entered into Joint Venture (JV) Agreement with Keraben S
 A with the aim of manufacturing, promoting, distributing and selling
 the products within India and other countries.
 
 2007
 
 - Company name has been changed from SPL Ltd to Somany Ceramics Ltd.
 
 2009
 
 - Somany Ceramics Ltd has appointed Mr. Y. K. Alagh as Additional
 Director on the Board of the Company.
 
 2010
 
 -Somany Ceramics Sub-division/split up the existing each fully paid
 Equity Shares of nominal face value of Rs.10/- each into 5 fully paid
 up Equity Shares of the nominal face value of Rs. 2/- each 
 
 -Shri Sandeep Kumar has been appointed as the Nominee Director on the
 Board of the Company
 
 2011
 
 -Somany Ceramics Proposed acquisition of 26% equity stake in M/s
 Vintage Tiles Private Limited
 
 -Somany Ceramics inaugurates First Somany Studio showroom in
 Dindigul
 
 -Somany Ceramics inaugurates First Somany Studio showroom in Indore
 
 -Somany Ceramics inaugurates First Somany Global Exclusive showroom
 in Ahmedabad
 
 -Somany Ceramics inaugurates First Somany Exclusive showroom in
 Anantnag
 
 2012
 
 -Somany Ceramics inaugurates Somany Exclusive showroom in Kochi 
 
 -Somany Ceramics enters into partnership with Fiandre Group
 
 -Somany launches ‘The King of all Slabs’
  
 -Somany Ceramics inaugurates Somany Studio showroom in Bangalore 
 
 -Somany Ceramics inaugurates First SOMANY STUDIO showroom in
 Gandhidham
Source : Dion Global Solutions Limited
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