Company History - Himadri Speciality Chemical
Date of incorporation:
The company was incorporated on 28.07.1987 as a private limited
company as Himadri Castings Pvt Ltd.
Promoters,Holding company and Management:
The company is promoted and managed by the Choudhary group.They are
Mr D P Choudhary, Mr S S Choudhary, Mr B L Choudhary, Mr V K
Choudhary, Mr M L Jalan, Mr R N Jhunjhunwala and Mr G S Biyani.
The activities of the company mainly involves the production of Coal
Tar,Soft Pitch, Crude Napthaline,and other related oils.
In 1990 the promoters decided to set up a Coal Tar Distillation Unit
at Liluah-Howrah, West Bengal, the commercial production of which
commenced in December 1990.The capacity of this plant was 4800 MTs.
The name of the company was changed to Himadri Chemicals & Industries
Pvt Ltd on 20.11.1991 which was later converted to a public limited
company on 27.11.1991. The initial capacity of the plant was
increased to 7200 MTs during this year. During 1992-93 the company
also made a public issue of Rs 30,000,000. This issue was opened on
11.11.1993.This was done to finance the expansion plan to increase
the capacity to 12,000 MTs per annum from 7200 MTs per annum.This
plant commenced the commercial production in the last week of
September 1993. In March 1994
the company also made a rights offer of 4984000 share at a premium of
Rs 5 amounting to Rs 747.66 lakhs.
This company does not have any collaborations.
company does not have any subsidiary.
-Delists shares from Ahmedabad Stock Exchange
- Himadri Chemicals & Industries Ltd has appointed Mr. Amit Chandra
as Nominee Director of Bain Capital India Investments in terms of
Investment Agreement with the Company.
-Company has splits its Face value of Shares from Rs 10 to Re 1
- Board has recommended a dividend of Re. 0.10 per equity share.
- Board has recommended a dividend of Rs. 0.10 per equity share.
- Mr. Pavninder Singh has been appointed as an additional Director of
-Board has Recommended a dividend of Rs. 0.10 per equity share of Rs.
1/- each, i.e. 10% for the Financial year ended March 31, 2013.
-Mr. Basudeb Sen has been appointed as a director of the Company.
-Recommended a dividend of Rs. 0.10 per equity share of Rs. 1/- each,
i.e. 10% for the Financial year ended March 31, 2014.
-Smt. Rita Bhattacharya has been appointed as a director of the
-Company has been changed from Himadri Chemicals & Industries Ltd to
Himadri Speciality Chemical Ltd
-Himadri Speciality starts operations of melting unit in Odisha