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Surya Roshni
BSE: 500336|NSE: SURYAROSNI|ISIN: INE335A01012|SECTOR: Steel - Tubes/Pipes
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Company History - Surya Roshni
YEAR                       EVENTS
 1973 - Surya  Roshni Limited was incorporated on 17th October, as
        private limited company and converted into Public Limited
        Company on 15th November, 1973.  The company has been promoted
 by
        Shri Basudev Agarwal and his son Shri J.P. Agarwal.
 
      - The Company manufactures ERW Steel Pipes and Tubes both black
 and
        galvanised aluminium alloys, welding heads, GLS lamps,
        fluorescent tubes and tubular glass shells.  The products of
 the
        lighting division are sold under the brand name `SURYA'.
 
 1981 - 3,00,000 bonus equity shares issued in prop. 3:4.
 
 1983 - 10,50,000 No. of Equity shares issued at par of which 75,000
        shares reserved for allotment to employees, business
 associates,
        etc.  The balance 9,75,000 shares, along with the
 unsubscribed
        portion of the reserved quota, if any, were offered for
 public
        subscription during June 1982.
 
 1985 - In October-November, 10,50,000 Rights shares issued at par in
        prop. 3:5.
 
 1986 - The Company increased the manufacturing capacity of GLS lamps
 to
        15 million numbers per annum and also set up manufacturing
        facilities for glass shells for GLS lamps with a capacity of
 30
        million numbers per annum.
 
      - The Company embarked on modernisation of the steel tubes
 division
        and lighting division involving an expenditure of Rs 289
 lakhs
        and 475 lakhs respectively.
 
      - It was also proposed to add new finishing facilities, expand
        storage area and streamline the manufacturing flow.
 
      - The fixed assets of the Company's steel tubes division were
        revalued as on 31st March.
 
 1987 - 5,60,000 Rights equity shares issued at par in prop. 1:5.
        Additional 1,40,000 shares allotted to retain over
 subscription.
        Another 14,745 shares allotted at par to employees, etc.
 
 1988 - The Company undertook installation of additional chain for
        manufacturing energy saving 26 mm fluorescent tube lamps.
 
 1989 - Additional equipments consisting of 4 rolls unit, mill caze
        system, conveyors etc. were installed for production of
 larger
        dia pipes upto 350 mm.
 
      - During November, the Company offered 7,02,949-14% secured
 fully
        convertible debentures of Rs 140 each to the then existing
 equity
        shareholders in the ratio of 5 debentures for every 25 equity
        shares held.  Additional 1,05,442 debentures were allotted to
        retain over-subscription.
 
      - Simultaneously, 35,148 debentures were offered to employees
        (including Indian working directors)/workers of the Company
 under
        stock option scheme.  Only 818 debentures were taken up and
 the
        remaining 34,330 debentures were allowed to lapse.
 
      - Rs 100 of the face value of each debenture was to be
 converted
        into five equity shares of Rs 10 each at a premium of Rs 10
 per
        share within 6 months from the date of allotment of
 debentures.
        Accordingly 40,46,045 No. of equity shares were allotted.
 
      - The remaining Rs 40 of the face value of each debenture was to
 be
        converted into two equity shares of Rs 10 each at a premium
 of
        Rs 10 per share within 12 months from the date of first
        conversion of the debentures.
 
 1990 - The company changed its name to Surya Roshni Limited from 
        Prakash Tubes, Ltd. on 14th December.
 
 1991 - The lighting division undertook investment programmes worth Rs
 35
        crores comprising creation of additional capacities of 4
 million
        of fluorescent tube lamps, 10 million GLS lamps at Malanpur
 and
        at Kashipur 10 million GLS lamps, 34 million GLS filaments,
 9.25
        million of tubular glass shells for fluorescent tube lamps,
 16
        million of cathode for fluorescent tube lamps and a new
 project
        of lead glass of 1700 tonne capacity.
 
      - The Company issued 6,00,000-19% secured non-convertible
        debentures of Rs 100 each on private placement basis with
        financial institutions.  These are redeemable in three equal
        annual instalments commencing from 16th September, 1997 at a
        premium of Rs 5 per debenture payable along with second
        installment.
 
 1993 - The Steel Division not only consolidated its position but
 also
        expanded its network geographically.
 
      - The Company set up a joint venture with Osram GmbH under the
 name
        of Osram Surya Pvt. Ltd. to manufacture energy efficient and
        latest innovative lamps.
 
      - The Company allotted 1,75,000 No. of equity shares of Rs 10
 each
        at a prem. of Rs 58 per share and 33,25,000 No. of equity
        warrants exchangeable into equal number of equity shares of Rs
 10
        each at a prem. of Rs 65 within a period of 18 months from
 the
        14th April, 1994.
 
      - During March-April, the Company issued 18,35,841-16% secured
        partly convertible debentures of Rs 100 each on Rights basis
 in
        prop. 1 debenture : 5 equity shares held (all were take-up)
 on
        27.9.95.
 
      - Another 91,792 - 16% debentures of Rs 100 each were offered
 to
        employees on an equitable basis.
 
      - Part A of Rs 40 was converted into 1 equity share of Rs 10
 each
        at a prem. of Rs 30 per shares and accordingly 18,35,841
 shares
        were allotted.
 
      - Part B of Rs 60 was to be redeemed in 3 equal annual
 instalments
        at the end of 7th, 8th and 9th years respectively from the
 date
        of allotment of debentures i.e. on 27.9.95.
 
 1994 - The Company undertook to set up five new sales offices,
 introduce
        new products viz. 200 W lamp, 500 W lamp, RC lamp, long life
        incandescent lamp, high pressure mercury vapour lamp, night
 lamp,
        decorative lamp, H-3 auto-halogen lamp & MR 16 spot light
 halogen
        lamp.
 
      - The Company undertook to implement ribbon glass shell
 project,
        tube drawing project, lamp cap project, GLS filament project
 and
        electrostatic coating machine.
 
      - The Company also entered into a tie up for a foreign currency
        loan of Rs 51.56 crores.
 
      - 1,75,000 No. of equity shares allotted at a premium of Rs 58
 per
        share to promoters and their associates on pref. basis. 
 1,35,951
        No. of equity shares allotted on each of warrants.  84,94,500
        bonus shares issued in prop. 3:4.  3,57,000 shares allotted
        against bonus and equity warrants.
 
 1995 - During February, the Company allotted 23,91,750 bonus equity
        warrants in prop. 3:4 against equity warrants held by the
 warrant
        holders.
 
      - 52,23,750 shares allotted against equity warrants and bonus
        warrants.
 
 1996 - Lighting division Installation of 2 nos. 50 KVAR each banks
 one
        in Halogen Plant and another in QC Deptt. to reduce line
 losses
        in the cables and maintained power factor by 99% through out
 the
        year.
 
 1998 - Surya Roshni has become the leading manufacturer of lighting
        products in India in less than a decade.  Not only in the
        domestic market but Surya Roshni is also doing well overseas.
 
      - The lighting division of Surya Roshni has international
 standard
        manufacturing facility at both its plants at Kashipur (UP)
 and
        Malanpur (MP).  These ISO 9002 certified, fully integrated
 plants
        produce ultra-modern lamps and their components.
 
 1999 - The company has sought the Government approval for bringing
 in
        additional foreign investment into the venture to buy out
 Surya
        Roshni's stake and to bring appropriate amendments to the
        existing foreign collaboration agreement.
 
      - Surya Roshni is the second largest company in the lighting
        industry.
 
      - The company has commissioned a state-of-the-art ribbon glass
        plant in Malanpur, Gwalior.
 
 2000 - The company has informed the exchange that ICRA has downgrade
 the
        rating of its venture programme from LA+ to LA.
 
      - The Company has set up Surya Herbal Ltd., a separate company
 to
        deal with herbal products.
 
 2003
 
 - 1) Reappointment of Sh. B D Agarwal as Managing Director of the
 Company 
   2) Appointment of Sh. B B Chadha as an Additional Director on the
 Board of the Company who holds Nil shares of the Company. 
 
 
 -Shri Prakash Chandra Gupta has resigned from the BOD.
 
 -Gets award for energy efficiency
 
 -Delists equity shares from Ahmedabad Stock Exchange
 
 2004
 
 Surya Roshni Ltd has informed that in response to the Voluntary
 Delisting of shares sought by the company, its shares have been
 delisted from the Delhi Stock Exchange Association Limited w.e.f.
 March 31, 2004.
 
 -Surya Roshni Ltd has informed that Shri R K Narang, director of the
 company, has been resigned from the office w.e.f. May 21, 2004
 
 2009
 
 - Surya Roshni Ltd has informed that the Board of Directors of the
 Company at its meeting held on June 18, 2009, inter alia, has
 transacted the following:
 
 1. Appointed Sh. Ravindra Kumar Narang & Sh. Mukesh Tripathi as an
 Additional Directors of the Company.
 
 2. Appointed Sh. Raju Bista as Whole Time Director of the Company.
 
 2010
 
 - Surya Roshni launched its high-power factor CFL lamps in the Kerala
 market.
 
 2011
 
 -Surya Gets Award for Energy Conservation
 
 -Surya Roshni Ltd has recommend the dividend @ Rs. 1.50 per share 
 
 2012
 
 -Shri Deepak Goel has been appointed as Chief Financial Officer (CFO)
 of the Company.
 
 -Surya Roshni Ltd has declared the Interim Dividend @ Rs. 2.00 per
 Equity Share 
Source : Dion Global Solutions Limited
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