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Dalmia Industries

BSE: 519393|ISIN: INE839C01019|SECTOR: Food Processing
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Company History - Dalmia Industries
YEAR                       EVENTS
 The company was incorporated at Bihar in the year 1937. The main
 object of the Company is to manufacture diary products like skimmed
 milk powder and ghee.  It also runs a trading unit which deals in
 peanut candy, mustard oil and crash helmets.  The dairy products are
 sold under the trade name SAPAN.All shares issued for cash.  Till
 1951, paid-up capital changed from year to year.
 
 1954 - Share capital reorganised.  Paid-up capital reduced from
        Rs. 150,21,337.50 to 150,00,000 by refunding Rs. 21,377.50
 
 1964 - The Company owned two factories in Pakistan, at Karachi and
 at
        Dandot (West Punjab), having an annual capacity of about
 3,000
        tones.  The Company manufactured refractories at the Dandot
        Factory.  A transaction was concluded on 30th September.
 
 1967 - With effect from 1st September, the Company obtained a lease
 of
        the stoneware pipe and reinforced cement concrete pipe
        manufacturing plants from Dalmia Cement (Bharat), Ltd.,
 located
        at Dalmiapuram.  The business was to be carried on under the
 name
        and style of Dalmia Ceramic Industries.
 
      - The Company was also appointed sales Manager for the sale and
        distribution of refractories manufactured by the Dalmia
 Cement
        (Bharat), Ltd.
 
      - The Company decided to put up a plant at Bharatpur
 (Rajasthan)
        for the manufacture of skimmed milk powder and ghee.
 
 1969 - With effect from 1st February, the Company took over on lease
 the
        refractory plant of Dalmia Cement (Bharat), Ltd., at
 Dalmiapuram. 
        The arrangement with Dalmia Cement (Bharath), Ltd. under
 which
        the Company was acting as `Sales Manager' for the sale of
        refractories was terminated.
 
      - Owing to delay in supply of machinery and equipment by
 suppliers
        and also in the construction of buildings by the contractors,
 the
        commissioning of the plant was delayed.
 
 1973 - Capital reduced pursuant to Chennai High Court order dated
 23rd
        August 1974 by setting off Rs 1.44 crores against losses. 
 All
        shares held by Dalmia Cement (Bharat) Ltd.
 
      - Leases of all these three sections were terminated by the
 parent
        company with effect from 1st October.  Since that date this
        business was taken over by Dalmia Ceramic Industries, Ltd.,
        another wholly owned subsidiary of Dalmia Cement (Bharath),
 Ltd.
 
 1974 - 2,40,000 shares offered to members of Dalmia Cement (Bharat)
        Ltd., only 1,13,640 shares taken up.  The balance 1,26,360
 shares
        offered to public. 
 
 1975 - The name of the Company was changed from Dalmia Cement Ltd.,
 to
        Dalmia Dairy Industries, Ltd., with effect from 6th of March.
 
      - The Company ceased to be a subsidiary of Dalmia Cement
 (Bharat),
        Ltd., with effect from 31st January.
 
      - Along with the public issue of equity shares during the year,
 one
        of the existing shareholders offered for sale at par 21,000
 No.
        of equity shares of Rs 10 each to the public in order to meet
 the
        listing requirements of the stock exchanges.
 
 1977 - Shares fully called up.  100 shares forfeited.  2,99,900
 bonus
        shares then issued in prop. 1:1.
 
 1985 - 4,00,000 bouns shares issued in prop. 2:3. 
 
 1988 - 5,00,000 bouns shares issued in prop. 1:2.
 
 1989 - The name of the Company was changed from Dalmia Dairy
 Industries
        Ltd., to Dailmia Industries Ltd.
 
 1990 - Sapan Dairy Special was relaunched in October which helped to
        achieve good growth in sales volume.  The programms of
        modernisation was initiated at the Bharatpur factory.  The
        Company was also engaged in an ongoing programme of
 modernisation
        and plant upgradation
Source : Dion Global Solutions Limited
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