Company History - Jai Corp
Jai Corp Ltd. is a public limited company which was incorporated in
the name of Jai Fibres Ltd. on June 6, 1985 with the Registrar of
Companies, Maharashtra at Bombay. The Certificate of Commencement of
Business was obtained on June 12, 1985. The company entered the
capital market with
a public issue of Rs.30 lakhs in July 1985 towards meeting its
working capital requirements required for its business of trading in
yarn. The company set up its own manufacturing facility with an
installed capacity of 800 t.p.a at Murbad in Maharashtra to
manufacture HDPE/PP Woven Sacks and commenced commercial production
in January 1987. In February 1987, the company made a rights issue
of equity shares at par aggregating to Rs.30 lakhs to meet the long
term working capital requirements.
Another unit with an installed capacity ot 1,200 t.p.a was set up at
Murbad for manufacturing FIBC fabrics and HDPE/PP Woven sacks. This
second unit went on stream in January 1990. The company then set up
its third unit at Silvassa,for manufacturing FIBC, popularly known as
Jumbo Bags, where the commercial production commenced in February
The name of the company was changed to Jai Fibre Industries Ltd. by
passing a Special Resolution. A fresh certificate consequent to this
change was obtained on 6th December, 1993. The name of the Company
was again charged to Jai Corp Limited by passing a Special Resolution
in the 9th Annual General Meeting held on 13th August, 1994.
Consequently a fresh certificate tor change of name to Jai Corp
Limited was obtained on 30th August, 1994.
The Company is now setting up a new Unit at Silvassa, for creation of
manufacturing facilities for FIBC, Tarpaulins, and Multilayer Bags.
The Company's shares are currently listed on the Bombay Stock
2002-Anand Jain resigns from Directorship of Jai Corp.
-Jai Corp signs agreement with ARCIL
-Jai Corp Ltd has appointed Mr. Virendra Jain as the Managing
Director of the Company with effect from January 04, 2007, subject to
the approval of the members of the Company.
- Jai Corp Limited has informed that The Board of Directors in its
meeting held on 29th June, 2007 has appointed Shri Ashok Tak, Deputy
General Manager as the Acting Chief Financial Officer.
-The Company has issued Bonus Shares in the Ratio of 1:1.
- The Company has splits its face value from Rs10/- to Rs1/-.
-Jai Corp Ltd has informed that the Board of Directors of the Company
at its meeting held on May 10, 2008, inter alia, has recommended the
appointment of Shri. Anand Jain, who was appointed as Additional
Director on September 24, 2007 as a Director of the Company.
- Jai Corp Limited has appointed Shri Anand Jain as a Director of the
- A dividend of Rs. 0.50 on 4,81,67,010 equity shares of face value
of Re.1/- each.
- Shri Rajesh Kumar Mundra has been appointed as the Chief Financial
Officer (CFO) of the Company .
- Board of Directors of the Company at its meeting held on has
recommended : (1) A dividend of Re. 0.01 per share on 1,50,00,000
preference shares of face value of Re. 1/- each.
- Board of Directors of the Company at its meeting held on May 24,
2012, inter alia, has recommended dividend (i) @ Re. 0.01 per Share
on 9,999,900 Non Cumulative Non Participating Redeemable Preference
Shares of face value of Re. 1/- each and (ii) @ Re. 0.50 per share on
48,157,010 Equity Shares of face value of Rs. 1/- each.
-Jai Corp Ltd has informed that the Board of Directors Recommended a
dividend of Re.0.01 per share on 83,49,900 preference shares of face
value Re.1/- each and Re. 0.50 per share on 4,81,67,010 equity shares
of face value Re.1/- each
-Jai Corp Ltd has informed that the Board of Directors has
Recommended a divided of Re. 0.01 per share on 76,74,900 preference
shares of face value Rs. 1/- each and Re. 0.50 per share on
4,81,67,010 equity shares of face value Re. 1/- each.