Company History - Century Extrusions
1988 - The Company was incorporated in February and was promoted by
M.P. Jhunjhunwala and C.L. Jhunjhunwala.
- The Company's objects is to manufacture aluminium extruded
- The Company undertook to set up a project for the manufacture
7,000 tonnes per annum of aluminium extruded products finding
in a wide range of industries such as architecture,
transportation, refrigeration etc. Leasehold land
7.3 acres was obtained at the West Bengal Industrial Growth
Centre, Midnapore, a centrally notified backward area in West
Bengal. The main plant and machinery include two extrusion
presses of 900 tonnes and 1,600 tonnes (imported from UBE
Industries Ltd., Japan) a melting furnace, etc.
- During March, the company entered into a technical advisory
agreement with M/s. P.K. Consultants headed by P.K. Sengupta
technical details of the project, selection of the equipment,
co-ordination in project execution, assistance in training of
personnel, start up of production, etc.
1989 - 20,000 shares allotted to promoters. 35,60,000 No. of equity
shares then issued at par of which the following shares were
reserved and allotted on a firm basis:
- (i) 13,90,000 shares allotted to promoters, directors, their
friends etc. and
- (ii) 3,90,000 shares to WBIDC. Of the balance 17,80,000 No.
equity shares, the following shares were reserved for
on a preferential basis:
- (i) 1,50,000 shares to SBI Mutual Fund,
- (ii) 2,00,000 shares to Canbank Mutual Fund and
- (iii) 1,78,000 shares to employees (including Indian working
directors)/workers of the company (only 74,500 shares taken
The remaining 12,52,000 shares along with 1,03,500 shares not
taken up by employees were offered for public subscription
February 1990. Additional 2,67,000 shares allotted to retain
1991 - 21,79,206 rights shares issued at par in prop. 1:2. Another
7,500 shares allotted to employees.
1992 - During August, the company offered 19,23,500 No. of equity
of Rs.10 each for cash at par on Rights basis in the prop.
All were taken up. Additional 2,55,706 shares allotted to
- Another 96,200 No. of equity shares were issued to the
(including Indian working directors)/workers of the company
an equitable basis. Only 7,500 shares taken up.
1994 - Towards meeting the commitment under the settlement, the
made a preferential allotment of 10,00,000 No. of equity
of Rs.10 each to the promoters, at a prem. of Rs.10 per
1995 - 7,31,146 No. of equity shares on conversion of 25% of term
to the Financial Institution.
1996 - The Company along with its promoters took over the management
Sangam Aluminium Ltd. by acquiring 22.84% stake of the SAL's
issued capital. The Company purchased 3,00,000 shares while
promoters bought 5,10,700 No. of equity shares.
- 10,00,000 No. of equity shares allotted on preferential basis
2000 - The Company has allotted 42,49,048 No. of Equity shares of Rs
10 each on
preferential allotment basis.
2002-K K Agarwal resigns as Company Secretary of Century Extrusions.
2003-Century Extrusions Ltd's Board of Directors at its meeting held
on January 31, 2003 has appointed Mr Sumit Modi as the Company
Secretary and also the Compliance Officer of the Company with effect
from February 10, 2003.
-Board approved the issue of 3,50,00,000 of Rights Equity Shares of
Re 1/- each amounting to Rs 35 million in the ratio of 35:12
-Century Extrusions Ltd Issues Rights in the Ratio of 35:12
-Moulsree Jhunjhunwala has acquired of 361200 shares representing
3.01% of the total paid-up capital of Century Extrusions Limited
- Century Extrusions Ltd has informed that the Board of Directors of
the Company at its meeting held on January 21, 2008, has appointed
Mr. P K Sengupta as Alternate Director in absence of Mr. V K Mushran,
w.e.f. January 21, 2008.
-The company has issued rights in the ratio of 33:47 at a premium of
Rs.3/- Per Share.