Moneycontrol
Get App
SENSEX NIFTY
Diamines and Chemicals > Company History > Petrochemicals > Company History of Diamines and Chemicals - BSE: 500120, NSE: N.A
YOU ARE HERE > MONEYCONTROL > MARKETS > PETROCHEMICALS > COMPANY BACKGROUND - Diamines and Chemicals

Diamines and Chemicals

BSE: 500120|ISIN: INE591D01014|SECTOR: Petrochemicals
SET ALERT
|
ADD TO PORTFOLIO
|
WATCHLIST
LIVE
BSE
Feb 27, 15:45
228.00
-5.7 (-2.44%)
VOLUME 59,062
Diamines and Chemicals is not listed on NSE
Company History - Diamines and Chemicals
YEAR                      EVENTS 
 1976 - The Company was incorporated as a Public Limited Company on
 12th 
        May, and it obtained the Certificate of Commencement of
 Business
        on 16th July, from the Registrar of Companies, Gujarat at
        Ahmedabad.
 
      - The Company was jointly promoted by the Bharat Vijay Mills
 Ltd.,
        Kalol (Gujarat) and Cellulose Products of India Ltd.
 
      - The main objective of the company is to manufacture of
        ethylenediamine and polamines such as diethylenetriamine,
        triethlenetetramine and other polyethylene polyamines used
        mainly for the manufacture of pesticides and fungicides,
        textiles, auxiliaries, paints and adhesives, drug
 intermediates,
        auxiliaries, paints and adhesives, drug intermediates, paper,
        petroleum additives, rubber chemicals and plastics.
 
      - 40,000 shares issued to promoters, directors, etc. 3,60,000
        shares issued at par out of which the following shares were
        reserved and allotted: 5,20,000 shares to The Bharat Vijay
 Mills
        Ltd., and Cellulose Products of Indian Ltd., 50,000 shares
 each
        to LIC and GIC and 70,000 shares to employees and business
        associates of the two promoter companies.  6,70,000 shares
        offered for public subscription during November 1979.
 
 1983 - The company achieved an average capacity utilisation of 58%
 as
        against 14% in the previous year.
 
      - 4,48,000 rights equity shares issued at par in prop. 8:25 in
        
 1985 - The profitability, however, was adversely affected due to
 factors
        such as increase in the cost of inputs and higher downtime in
        some of the initial equipment subject to corrosion, power
        tripping, etc.  The company installed a 500 KVA diesel
 generating
        set.
 
 1988 - A letter of intent was received from enhancement of
        ethylenediamine capacity from 2,000 tpa to 5,000 tpa.
 
 1989 - During the period, the company entered into a Co-promoters
        Agreement with PICUP for Rifampicin Project of 100 tpa
 capacity.
 
 1990 - The Company undertook implementation of phase-III of
        modernisation-cum-expansion programme to expand the installed
        capacity to 2,600 tpa.
 
      - A Company in the name and style of Hindustran Biotech Ltd.
 (HBL),
        was incorporated for setting up the said bulk drug project.
 
 1991 - The company received offers from Grace Rexolin, Sweden (W.R.
        Grace, U.S.A.) for the technology know-how for manufacture of
        N-methyl piperazine (NMP), ammino methyl piperazine (AMP) and
        N-ethyl piperazine (NEP), etc.
 
      - The HBL unit was at an advanced stage for setting up the bulk
        drugs project at Sikandrabad, U.P. PICUP sanctioned the
 necessary
        loans for the same.
 
      - During the year, the Company signed a Memorandum of
 Understanding
        with the Gujarat Industrial Investment Corporation Ltd.
 (GIIC),
        to set upan integrated chemical complex in the joint sector
 for
        the manufacture of ethylenedichloride (EDC) in the backward
 area
        of Gujarat State.
 
      - The company issued 1,25,000-20% secured redeemable
        non-convertible debentures of Rs. 100 each on private
 placement
        basis with UTI (75,000 debentures) and LIC (50,000
 debentures).
 
      - The debenture issued to UTI are redeemable in three equal
 annual
        instalments commencing from 7th February, 1997 and ending on
 7th
        February, 1999 and the debentures issued to LIC are redeemable
 in
        three equal annual installments commencing from the February
 1998
        and ending on 7th February, 2000.
 
      - 50,580 No. of equity shares of Rs. 10 each at a premium of
 Rs.
        28.75 per share.
 
 2008
 
 - Company  has informed that the designated Email Id of the grievance
 redressal division/compliance officer exclusively for the purpose of
 registering complaints by investor is:
 
 secretarial@dacl.co.in
 2010
 
 - Diamines & Chemicals Ltd has appointed Mr. Girish R. Satarkar as an
 Executive Director w.e.f. April 13, 2010.
 
 2011
 
 -Diamines & Chemicals has given the Bonus in the Ratio of 1:2
 
 2012
 - The company has recommended dividend @ 10% (Rs. 1/- per Equity
 Share).
 
 2013
 - The company has recommended dividend @ 5% (Rs. 0.50 per Equity
 Share).
 
 
Source : Dion Global Solutions Limited
Quick Links for Diamines and Chemicals
Explore Moneycontrol
Stocks     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Others
Mutual Funds     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.