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Deepak Nitrite Ltd.

BSE: 506401 | NSE: DEEPAKNTR |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE288B01029 | SECTOR: Chemicals

BSE Live

Jul 10, 16:00
524.35 -7.55 (-1.42%)
Volume
AVERAGE VOLUME
5-Day
150,777
10-Day
102,052
30-Day
74,852
99,117
  • Prev. Close

    531.90

  • Open Price

    528.20

  • Bid Price (Qty.)

    522.10 (50)

  • Offer Price (Qty.)

    524.35 (31)

NSE Live

Jul 10, 15:59
524.50 -6.80 (-1.28%)
Volume
AVERAGE VOLUME
5-Day
1,339,827
10-Day
924,052
30-Day
893,128
788,546
  • Prev. Close

    531.30

  • Open Price

    530.65

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    524.50 (907)

Company History - Deepak Nitrite
YEAR                       EVENTS
 1970 - The company was Incorporated 9th March at Baroda.  The
 Company
        was promoted by C.K. Mehta and S.S. Aggarwal.  The company's
        objects is to manufacture sodium nitrite, sodium nitrate, and
        other allied chemicals, hexamethylene tetramine, dyes and
 dyes
        intermediates.
 
      - 2,25,000 No. of equity shares issued to promoters, etc.
 2,25,000
        No. of equity and 15,000 pref. shares issued to public in
 July,
        1971.
 
 1977 - 3,60,000 Bonus equity shares issued in prop. 4:5.
 
 1979 - The plant for the production for formaldehyde for captive 
        consumption in the DNPT was commissioned.  By installing    
        balancing equipments, the capacity of sodium nitrite/nitrate 
        plant was increased from 11,700 to 15,000 tonnes per annum.
 
      - The second phase of increasing the capacity of ammonium
 nitrate
        plant from 6,000 tonnes to 10,000 tonnes per annum was also
 taken
        up.
 
 1980 - 8,10,000 Bonus equity shares allotted during July/August 1980
 in
        prop. 1:1.
 
 1981 - The Company obtained a letter of intent for the manufacture of
 
        10,000 tonnes of slurry explosives per annum in a backward 
        district of Gujarat State.  The company also applied for a 
        licence to manufacture 3.6 lakh tonnes of di-ammonium
 phosphate
        per annum at Hazira, near Surat in Gujarat State.
 
 1982 - Installation of balancing equipments in sodium nitrite plant
 was
        taken up to improve the facility in operations.
 
      - Pref. shares redeemed on 10.8.83.
 
 1984 - 15% non-convertible debentures of Rs.100 lakhs were privately
        placed with financial institutions.
 
 1985 - Production and sales of the Pune Unit was affected due to
 large
        imports of Resorcinol and subsequently the plant remained
 closed
        for some time during 1986.
 
      - The plant to manufacture 3,000 tonnes per annum concentrated 
        nitric acid went on stream while the hexamine plant was 
        commissioned in October.
 
      - The Company installed a plant to manufacture 900 tonnes of 
        guanidine nitrate and 600 tonnes of hydroxylamine sulphate at
 
        Nandesari.
 
      - The Company revalued major portion of the assets of its
 Nandesari
        unit as on 31st October.  The net surplus of Rs. 9,86,73,150
        arising out of this was credited to revaluation reserve.
 
      - Nova Synthetics Ltd., is a subsidiary of the Company.
 
      - Shareholders of Deepak Nitrite, Ltd. were allotted from
 promoters
        quota, on a firm basis, 1 equity share of Deepak Fertilisers
 &
        Petrochemicals Corporation, Ltd. for every 3 equity shares
 held 
        by them.
 
      - 8,10,000 Bonus equity shares issued in prop. 1:2.
 
 1986 - Output of sodium nitrite, sodium nitrate and nitric acid
 showed
        improvement while that of ammoinium nitrate and DNPT was 
        restricted due to market constraints.
 
      - Transport division of the Company was affected due to problems
 in
        fertiliser industry.
 
 1988 - The guanidine nitrate plant was commissioned in November     
        belatedly due to strike at Nandesari plant and the subsequent
        redeployment of the commissioning team of the vendors. 
 Technical
        collaboration for the project was selected and the company was
 in
        the process of finalising its plans for the financing of the 
        project.
 
      - Technical Collaborator for the project was selected and the
        Company was in the process of finalising its plans for the
        financing of the project.  During 1989-90 necessary Govt.
        approvals were received.
 
 1989 - The transport division's performance was affected by problems
 at
        the receiver's end.  The dyes division at Pune started
 yielding
        results due to improvements carried out therein.
 
      - New Products like Guanidine Nitrate (GN) and Hydroxylamine
        Sulphate (HAS) were well received in the market.  The 
 transport
        division's performance was affected by problems at the
 receiver's
        end.
 
 1991 - During March, the Company issued 24,30,000 - 12.5% secured 
        redeemable partly convertible debentures of Rs.80 each on
 rights
        basis in the prop. of 1 debenture : 1 equity share held.
        Additional 3,64,500 debentures were allotted to retain 
        oversubscription.
 
      - Another 1,21,500 - 12.5% partly convertible debentures were 
        offered to the employees.  Only 62,850 debentures were taken.
        The balance 58,650 debentures were allotted to Mutual 
        Funds/Financial Institutions.
 
      - Part A of Rs.50 of each debenture was converted into 1 equity
        share of Rs.10 each at a premium of Rs.40 per share at the
 end
        of 6 months from the date of allotment.
 
      - Part B of Rs.30 of each debenture was to be redeemed at par 
        between the end of 7th and 10th years from the date of
 allotment.
 
      - Simultaneously, the Company offered 24,30,000 - 14% secured 
        redeemable non-convertible debentures of Rs.100 each on
 rights
        basis in the prop. of 1 debenture: 1 equity share held.  Only
        8,177 debentures were taken.  The remaining 24,12,823
 debentures
        devolved on the underwriters.
 
      - Each debenture of Rs.100 was to be redeemed at a prem. of 5%
        in three annual instalments of Rs.35, Rs.35 and Rs.35 at the
 end
        of 6th, 7th and 8th year respectively.
 
      - 29,16,000 shares allotted (prem. Rs.40 per share) on part 
        conversion of debentures.
 
 1992 - The phase-I of the Nitroaromatics project was commissioned in
        February.
 
 1994 - Modernisation of the Nitrite/Nitrate plants are
 debottlenecking 
        in the dry intermediate plants were taken up and a new 
        hydrogenation plant was set up at Taloja based on the
 company's
        own developments which will add value to the Nitroaromatic 
        products.
 
      - On 30th July, the Company has, against 5% upfront payment, 
        allotted to 22,50,000 Warrants to the promoters group,
 carrying
        a right to convert the same into equity shares within a period
 
        of 18 months at a price of Rs.54 per share.
 
 1995 - 4,04,000 No. of equity shares of Rs.10 each allotted against 
        warrants to the promoters.
 
 2000 - The Company has considered the proposal of acquisition of
        majority stake in equity capital of Aryan Pesticides Ltd. and
        decided to enter into agreement with the promoters of APL to
        acquire 34,57,300 No. of equity shares of Rs. 10/- each
        representing 68.76% of the outstanding equity share capital
 of
        APL at a price of Rs. 15/- per share.
 
 2006
 
 -Deepak Nitrite, NCL sign MoU for research
 
 -Deepak Nitrite Ltd Issues Rights in the Ratio of 2:4
 
 2007
 
 -Deepak Nitrite Ltd has has appointed Dr. Richard H Rupp as an
 Additional Director on the Board of the Company.
 
 
 2009
 
 - Deepak Nitrite Ltd has informed that the Board of Directors of the
 Company at its meeting held on May 13, 2009, has appointed Shri.
 Sidhir Mankad as an Additional Director on the Board of the Company.
 
 2010
 
 - Deepak Nitrite Ltd launches products in the Fuel Additive space.
 
 - The Board has recommended a dividend at the rate of Rs. 5/- (Rupees
 Five only) per Equity Share of Rs. 10/- each.
 
 2011
 
 - The Board has recommended a dividend at the rate of Rs. 6/- (Rupees
 Six only) per Equity Share of Rs. 10/- each.
 
 2012
 
 -  The Board has recommended a dividend of Rs. 6/- (Rupees Six Only)
 per share of Rs. 10/- each.
 
 - The Company is awarded Businessworld FICCI CSR Award 2011-12.
 
 2013
 
 -Deepak Nitrite Ltd has commenced first stream for commercial
 production of Optical Brightening Agent (OBA) for the year ended
 2013.
 
 -Board has recommended a dividend of Rs. 8/- per share of Rs. 10/-
 each.
 
 2014
 
 -Deepak Nitrite Ltd has appointed of Shri Arvind Bajpai, as Company
 Secretary & Compliance Officer of the Company.
 -Deepak Nitrite has announces bonus in the ratio of 1:1
 -Deepak Nitrite has splits its face value from Rs 10/- to 2/-