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Aarti Industries > Company History > Chemicals > Company History of Aarti Industries - BSE: 524208, NSE: AARTIIND
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Aarti Industries

BSE: 524208|NSE: AARTIIND|ISIN: INE769A01020|SECTOR: Chemicals
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Feb 20, 16:00
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Company History - Aarti Industries
YEAR                                               EVENTS
 1984 - Aarti Organics Limited was incorporated on 28th September, as
 a
              private limited company and was converted into a public
 limited
              company on 12th October 1990.  The company belonged to
 Alchemic
              Group of Companies promoted by Chandrakant V. Gogri,
 Rajendra V.
              Gogri, Parimal H. Desai and Shantilal T. Shah.  The
 main
              objective of the company is to manufacture organic and
 inorganic
              chemicals and allied products.
 
 1986 - The company commenced its manufacturing activities at GIDC
              Estate, Sarigam, District Valsad, Gujarat, to
 manufacture 1200
              tons per annum of Nitro Chloro Benzenes, with financial
              assistance from Gujarat State Financial Corporation.  
 
 1990 - The company implemented its expansion at GIDC Estate, Vapi,
               District Valsad, Gujarat, to make up a total capacity
 of 4500
               tons per annum of PNCB and ONCB.  PNCB and ONCB are
 versatile
               basic organic intermediates used in a variety of high
 growth
               industries like agrochemical, pharmaceuticals, dyes and
 pigments,
              and rubber chemicals.
 
            - The Company undertook to set up a project for the
 manufacture of
               2560 tpa of downstream products based on Para nitro
 chloro
               benzene (PNCB) and Ortho nitro chloro beneze (ONCB)
 presently
               manufactured by the company.
 
            - All shares held by promoters, directors, etc.
 (including
              14,50,000 shares allotted as bonus shares in prop. 1:1
 on 9th
              April).  Original equity shares of Rs. 100 each were
 subdivided
              into shares of Rs. 10 each during April-September 1989.
 
 1992 - 8,70,000 shares issued (prem. Rs. 36 per share) of which
 43,500
             shares reserved and allotted on a preferential basis to
 the
             employees, etc.  The balance 8,26,500 shares were offered
 to the
             public in Feb.  Additional 1,30,500 shares allotted to
 retain
             oversubscription (6,500 shares to employees, etc., and
 1,24,000 
             shares to the public).
 
 1997
 
 -Formed by the merger of Aarti Organics and Salvigor Laboratories is
 one of the largest producers of chemical intermediates ortho nitro
 chloro benzene (ONCB) and para nitro chloro benzene (PNCB) and their
 downstream products
 
 -1998
 
 Achieved a sales turnover of Rs. 203.29 crore for the year ended
 March 1998 as against Rs. 170.67 crore in the previous year.
 
 
 2000 
 
 -Enteres into an agreement with Central Depository Services (India)
 Ltd (CDSL) for admission of securities into CDSL.  The SEBI has
 decided to add the name of the company for compulsory
 dematerialisation trading of the shares by institutional investors
 with effect from May 15  2000. 
 
 -The company, has proposed to acquire 15,31,100 No. of equity shares
 of AOL.
 
 2001
 
 -Ms. Hetal C Gogri has been appointed as the Additional Director and
 Wholetime Director of the Company.
 
 -High Court of Gujarat has approved the petition and scheme of
 amalgamation of Alchemie Organics Ltd with Aarti Industries Ltd
 (AIL).
 
 2002
 
 -Decides to voluntarily delist the equity shares of the company from
 the ASE and DSE subject to approval by the shareholders of the
 company.
 
 -Board consideres the following:
 
 1) Consider and taken the note of withdrawal of Nominee Director Mr.
 Ravindra P Gokhale appointed by ICICI Ltd. 2) Consider and appointed
 Mr. Murlidhar R Mondkar as Additional Director of the company w.e.f.
 July 27, 2002. 
 
 -Makes an offer to Buy-back upto 13,00,950 fully paid up Equity
 Shares of Rs 10 each representing 10 % of the Issued, Subscribed and
 Paid up Equity Share Capital of the Company at Rs 39 per Share
 through Tender Offer.
 
 2003
 
 -Board appointes Mr. Rajendra V Gogri, Managing Director of the
 company as Vice Chairman and Managing Director of the Company.
 
 -Accepted resignation of Shri Shantilal T Shah from the office of
 Joint Managing Director of the Company with effect from March 27,
 2003 and appointed him as Vice Chairman (Non Executive) of the
 Company.
 
 -Approves the voluntary delisting of shares from Ahmedabad, Delhi and
 Vadodara Stock Exchanges.
 
 -Mrs. Indira M. Dedhia, Manager Taxation, has acquired/purchased 8241
 Equity Shares of the Company having value exceeding Rs.5,00,000/- and
 she has been increased to 51757 Equity Shares of the Company as on
 September 25, 2003.
 
 -Mr. Manoj M. Chheda, Wholetime Director has been decreased to 103290
 Equity Shares of the Company as on October 08, 2003.
 
 -Proposed to passed a resolution in respect of sale of Unit of the
 Company situated at Turbhe, New Mumbai for obtaining the shareholders
 approval/permission by postal ballot.
 
 -Shri Shantilal T. Shah, Director has sold 24500 equity shares of the
 Company having value exceeding Rs.5,00,000/-.
 
 -Aarti Industries Ltd. has informed that M/s. Templeton Asset
 Management (India) Pvt. Ltd. has acquired 6,19,025 Equity Shares of
 the company amounting to 5.10% under Franklin India Prima Fund
 (Scheme).
 
 -Promoters of Aarti Industries Ltd have made sale of 3,47,226 equity
 shares of AIL, being 2.86% of the total paid up capital of AIL,
 during the period from October 10, 2003 till December 12, 2003
 
 M/s. Templeton Asset Management (India) Pvt. Ltd. has acquired
 6,19,025 Equity Shares of the company amounting to 5.10% under
 Franklin India Prima Fund (Scheme).
 
 2004
 
 -Securities of the company delisted from Delhi Stock Exchange and
 Ahmedabad Stock Exchange
 
 -Aarti Industries delisted from Vadorara Stock Exchange
 
 2005
 
 -Aarti Industries Board withdraws Scheme of Amalgamation
 
 - Aarti Industries has given the Bonus in the Ratio of 2:1
 
 2006
 
 -Aarti Industries has appoineted Mr. Mohan P. Sonar as Compliance
 Officer of the Company with effect from November 01, 2006.
 
 -Company has splits its Face value of Shares from Rs 10 to Rs 5
 
 2007
 -Aarti Industries Ltd has has re-appointed Mr. Rashesh C Gogri as
 Whole time Director of the Company for Next 5 years.
 
 2008
 - Aarti Industry takes over Surfactants Speciality Pvt. Ltd.
 
 2009
 - AARTI has received star exporter of the year award for the year
 2010 from the Gujarat Dyestuffs Manufactures Association
 
 2010
 - AARTI Custom Synthesis division Vapi has received USFDA approval 
 - Upgrades Hydrogenation Technology for Manufacture of Speciality
 Chemicals.
 - Commissioning of Sulfonation unit at Pithampur, Madhya Pradesh
 
 2011
 - EXPORT AWARD - Gujarat dyestuff manufacturers association has
 accorded  Exporter of the year Award - FOR THE YEAR 2010-2011
 
 2012
 -The Company has declared Interim Dividend @ Rs. 2.00 ps. (40%) per
 share.
 -The Company has declared Final Dividend @ Rs. 1.50 ps. (30%) per
 share.
 
 2013
 - The Company has recommended a Final Dividend of Rs. 1.25 Ps. (25%)
 per Equity Share 
 - Aarti Industries Ltd has that the Scheme of Arrangement between
 Anushakti Chemicals and Drugs Limited with Aarti Industries Limited
 has been approved by the High Court of Gujarat .
 - The Company has declared Interim dividend @ Rs. 1.75 ps. (35%) per
 share.
 
 2014
 - The Company has declared 2nd Interim dividend @ Rs. 1.25 ps. (25%)
 per share
 - The Company has recommended a Final Dividend Rs. 1.50/- paise (30%)
 per Equity share.
 - The Company has declared Interim Dividend @Rs. 2.25 ps. (45%) per
 share. 
 
 2015
 -Aarti Industries now on the MSCI Small Cap Index
 -Aarti Industries bags the prestigious Export awards
 - Aarti Industries Ltd has approved the appointment of Mr. Chetan B.
 Gandhi as Chief Financial Officer (CFO) of the Company.
 
 2016
 -Aarti Industries bags the prestigious export award.
 -'Trishul Award' by Basic Chemicals, Pharmaceuticals & Cosmetics
 Export Promotion Council (CHEMEXCIL). The award is in recognition to
 the company's outstanding export performance in the year 2014-15.
 -Aarti Industries commences commercial production at Ethylation Unit
 and 2nd Phase of PDA expansion.
 
 2017
 -Aarti Industries bags Rs 4,000 cr agro-chemical supply contract.
 -Aarti Industries signs Rs 10,000 cr multi-year supply deal.
Source : Dion Global Solutions Limited
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