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Jain Irrigation Systems Ltd.

BSE: 500219 | NSE: JISLJALEQS |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE175A01038 | SECTOR: Plastics

BSE Live

Dec 03, 16:00
41.65 1.70 (4.26%)
Volume
AVERAGE VOLUME
5-Day
749,540
10-Day
715,903
30-Day
639,937
1,257,013
  • Prev. Close

    39.95

  • Open Price

    40.50

  • Bid Price (Qty.)

    41.45 (15)

  • Offer Price (Qty.)

    41.65 (500)

NSE Live

Dec 03, 15:58
41.55 1.60 (4.01%)
Volume
AVERAGE VOLUME
5-Day
3,822,545
10-Day
3,673,551
30-Day
2,997,133
5,494,113
  • Prev. Close

    39.95

  • Open Price

    40.00

  • Bid Price (Qty.)

    41.55 (8021)

  • Offer Price (Qty.)

    0.00 (0)

Company History - Jain Irrigation Systems
YEAR                                                 EVENTS
 1986 - The Company was incorporated on 30th December, and the
        Certificate of Commencement of Business was obtained on 12th
        January 1987.  It was promoted by Bhavarlal Hiralal Jain and
 the
        Companies belonging to the Jain Group.   The Main Objective
 of
        the Company is to manufacture Micro Irrigation Systems
        encompassing irrigation through, strip-tubing, emitters, jets
 and
        mini sprinklers.
 
      - The Company entered into a technical collaboration agreement
 with
        James Hardie Irrigation (Italy) SRL, the Worlds' largest
        manufacturers of drip irrigation products.
                          
      - The Company undertook to set up a project for the manufacture
 of;
 
      - (i) 3,600 tonnes per annum of bi-wall;
 
      - (ii) 480 tonnes per annum of filters and filtration equipment
 and		 
  
      - (iii) 20 tonnes per annum of controllers, control valves,
 etc.
 
      - The Company rented a factory shed in the premises of Jain
        Plastics and Chemicals (Pvt.) Ltd., Jalgaon.
 
 1988 - 70 No. of Equity shares subscribed for by the signatories to
        Memorandum.  29,09,930 No. of equity shares issued at par of
        which 17,99,930 shares reserved and allotted to the
 promoters,
        directors, etc.
 
      - Out of the balance 11,10,000 No. of equity shares; 1,45,500
        shares offered on preferential basis to the employees (incl.
        working directors)/workers of the Company and those of
 promoter
        company (only 28,800 shares taken up).
 
      - The remaining 9,64,500 shares together with the unsubscribed
        1,16,700 shares of the employees' quota offered for
 subscription
        to the Indian Public in October 1988.  1,08,120 additional
 shares
        allotted to the public to retain oversubscription.
 
 1989 - During the year, the Company developed its R & D farm at
 Mohadi,
        (Jalgaon Dist.), which was being used as a demonstration plot
        for promotion of the concept of micro irrigation systems.
 
 1991 - The Company undertook an expansion programme.  The installed
        capacity of its domestic division which caters to 50,000
 acres
        per annum was being increased to 1,32,000 acres per annum. 
 The
        installed capacity of PVC foam/rigid sheets of 100% E.O. 
        Division (EOD) was being increased from 1,800 tpa to 4,200
 tpa.
        The Company was also setting up a new facility in its 100% 
 EOD
        for the manufacture of 3,200 tpa of polycarbonate sheets.
 
 1992 - During March/April the Company issued 30,18,120 - 14% secured
        redeemable partly convertible debentures of Rs. 150 each on
        rights basis in the proportion of 1 debenture: 1 equity share
        held.  Additional 4,52,718 debentures were allotted to retain
        oversubscription.
 
      - Another 1,50,906 - 14% secured redeemable partly convertible
        debentures of Rs. 150 each were offered to the employees. 
 Only
        72,450 debentures were taken up by financial
 institutions/Mutual
        Funds.
 
      - Part `A' of Rs. 80 of each debenture will be converted into
 two
        equity shares of Rs. 10 each at a premium of Rs. 30 per share
 on
        the expiry of six months from the date of allotment of the
        debentures.  Part `B' of instalments at the end of 6th, 7th
 and
        8th years from the date of allotment of the debentures.
 
      - 72,43,488 No. of equity shares allotted as part conversion of
 14%
        Secured Partly Convertible Debentures.  26,96,600 No. of
 equity
        shares underlying EDRs issued at a premium of Rs. 200 per
 share.
 
 1993 - The Company finalised a MOU with Azrom Metal Industries Ltd.,
 of
        Israel for manufacture of green houses and plant propagation
        tunnels near village Mohadi in Jalgaon district.
 
      - The Company entered into a technical collaboration agreement
 with
        Amcor Ltd., Israel for manufacture of Solar Water heating
 systems
        at Jalgaon.
 
      - The Company entered into a technical licence agreement with
        Chapin Wtermatics Inc USA to manufacture twin wall tubing
        (canewall) at the existing site in Jalgaon.
 
      - The Company proposed to diversify its existing range of
 plastic
        sheets by addition of corrugated polycarbonate sheets and
 higher
        width polycarbonate sheets in multiwall category.
 
      - To utilise the existing plant & machinery during slack
 season,
        the Company commenced manufacture of high density polyethlene
        pipes
 
      - The Company co-promoted a joint venture with Kemira OY,
 Finland
        as equal partners to manufacture water soluble fertilizers
 for
        the first time India.  The project is to be implemented by a 
        separate joint venture.  Jain Kemira Fertilisers Ltd.
 
      - The Company is co-promoting a venture with Rahan Meristem of
        Israel to produce tissue cultured plants.  A pilot scale
 tissue
        culture lab to enlarge the size of operations through a joint
        venture company.
 
 1994 - The Company hitherto entered into the untapped area of large
        scale commercial farming by implementing MIS in Corporate 
        agriculture projects.
 
      - The Company undertook implementation of a 100% export
 oriented
        unit with separate factory at Bambhori for the manufacture of
        polytubes and mouled public components.
 
      - The Company received approval from the Government of India
 for
        establishing a 100% owned trading and investment subsidiary
 in
        Mauritius.
 
      - During the year, the Company signed a MOU with a South
 African
        Company for manufacture and marketing of their newly invented
        sprinklers.  While the manufacturing for world wide market
 would
        be done in India by the Company, marketing abroad would be
        carried at by the overseas joint venture.
 
      - During March the Company issued 26,96,000 equity shares
        underlying its 26,96,600 EDRs of US $11.125 each.
 
      - During March the Company issued 17,386 non-Convertible
 debentures
        with 17,38,600 detachable warrants to promoters as
 preferential
        allotment basis.  These warrants are convertible into one
 equity
        shares of Rs. 10 each for cash at a premium of Rs. 200 per
 share.
 
      - The Company has been awarded for its various products Top 
        Exporters Award by Plastic and Linoleum Export Promotion
 Council
        (PLEXCONCIL) for the year 1991-92 and 1992-93.
 
      - The Company is also moving towards achiving ISO-9001
        certification for its Plastic Sheet Dvision.
 
 1995 - The Company proposed to take over assets from the joint
 venture
        company at book value and continue the business on a division
 of
        the company.
 
      - 9,40,000 Preference shares issued to Various subscribers on a
        private placement basis.
 
      - The Company has also signed a MOU with a South African
 Company
        for manufacture and marketing of their newly invented
 Sprinklers. 
 
      - The Company has finalised a strategic joint venture with
 General
        Electric Company (GE) to set-up a plant for manufacture and
        marketing of a wide range of polycarbonate sheets to take
        advantage of European and U.S. market potential.
 
      - The Company has signed a MOU with a U.S. multinational for
        setting up a joint venture for manufacture of Blown & Cast
        Plastic Films. 
 
 1996 - The Company has won National Export Award for the year
 1994-95
        and also won the CEU Award for the year 1993-94.
 
      - During Jain Plastics & Chemicals Ltd., Jain Kemira
 Fertilizers
        Ltd. and Jain Rahan Biotech Ltd. were amalgamated with the
        Company.
 
      - However margins suffered a severe beating with bottomline
 going
        into red.
 
      - The Company decided to focus on the core business areas of
        Agriculture and Plastic.  It has decided to go for a phased
        divestment from all its non-core business to improve cash
 flows
        and allow management to focus on core activities.
 
      - 525,000 pref shares issued and 200,000 preference shares
 redeemed
        during the year.
 
 1997 - 71,97,854 No. of equity shares allotted to erstwhile Sain
        Plastics & Chemicals Ltd. on its amalgamation with the Co. 
        88,028 No. of equity shares allotted to Sain Kemira
 Fertilisers
        Ltd. and another 67 No. of equity shares allotted to Jain
 Rahian
        Boitech Ltd. on amalgamation with the Co.
 
      - The company has a technical collaboration with RIS of Italy
 for
        drip irrigation systems and with Chapin Watermatios of US for
        multi-chambered drip irrigation.
 
       - 72,85,952 No. of equity shares allotted as per the scheme of
 amalgamation.
 
 2000 - The Company has proposed that the existing paid up equity
 capital
              be reduced to half subject to necessary approvals.  In
 the first
              phase the value of equity shares of Rs. 10/- will be
 reduced to
              Rs. 5/- and then in the second phase Rs. 5/- paid up
 shares shall
              be consolidated into Rs. 10/- paid up shares.
 
            - The Company issued on preferential basis 1,31,00,000
 Unsecured (Zero
               Coupon) optionally fully convertible debentures of Rs
 10 each aggregating
               Rs 1,310 lakh in lieu of conversion of outstanding
 secured/unsecured loans
               to the secured/unsecured lenders represented by
 Financial Institutions and
               Banks under the restructuring scheme.
 
             - 1,80,00,000 Unsecured (Zero Coupon) optionally fully
 convertible debenture of
                Rs 10 each aggregating Rs 1,800 lakh to the `Promoters
 Group' represented by
                Mr. B.H. Jain, as part of the restructuring scheme.
 
            - Trading in the equity shares of Jain Irrigation Systems
 Ltd would be suspended
              with effect from 20th December on account of reduction
 of equity share capital by 
              50 per cent.
 2002
 
 -Jain Irrigation Systems Ltd  informs that the Board of Directors 
 accep the resignations of 
 Shri A S Ajgaonkar, Director- Corporate Affairs & Shri J J Kulkarni
 Director - Product Development as Director(s) of the Company. It 
 also decides to keep casual vacancies created, vacant for the time
 being. Dr P V Sane expresses his inability to attend the meetings for
 a period of 6 months as he is travelling out of India from April 03,
 2002. He, therefore, has appointed Shri A S Ajgaonkar as an alternate
 to him to vote and to attend meetings of Board etc. in the next 6
 months.
 
 2003
 
 -The Board approves to make preferential allotment upto Rs.460
 million of equity shares of
 Rs.10 each.
 
 -JISL adopts micro-irrigation.
 
 -Wins 10 awards as Top Exporters in the Plastics and Linoleum Exports
 Council.
 
 -Change in the address to Jain Irrigation Park, N H No. 6, Bhambori,
 Jalgaon- 425001.
 
 -Jain Irrigation Systems bags 10 awards in PLEX Council
 
 -Company has signed a contract document for Andhra Pradesh Micro
 Irrigation Project (APMIP).
 
 2004
 
 -Aqua India I Limited and Aqua India II Limited acquire of 19,87,281
 Equity Shares of the Company by allotment on Preferential basis on
 December 26, 2003, stake of Aqua India I Ltd. increases to 22,623,659
 shares amounting to 43.20 % of the total paid up capital of the
 company and stake of Aqua India II Ltd. increases to 1,019,456 shares
 amounting to 1.95% of the total paid up capital of the company
 
 -Jain Irrigation Systems Ltd has informed that the Committee of Board
 constituted on December 16, 2003 as on January 19, 2004 allotted
 6,30,500 equity shares of Rs. 10/- each at a price of Rs. 83/- to the
 Promoter Group individuals represented by Shri B.H. Jain, under the
 authority of the shareholder's resolution dated November 17, 2003.
 
 -Signs a Memorandum of Understanding (MoU) with State Bank of India
 (SBI) under which the bank will provide term loans to farmers for
 purchasing capital inputs from Jain Irrigation Systems Ltd (JISL)
 
 -Delists shares from following stock exchanges
  Madras Stock Exchange Ltd 
  Pune Stock Exchange Ltd
  Delhi Stock Exchange Association Ltd
  Stock Exchange Ahmedabad
  alcutta Stock Exchange Association Ltd
 
 -Jain Irrigation Systems Ltd has informed that its Drip Irrigation
 Division has bagged a Rs 380 million turn-key export order for a
 project in an African Country
 
 2005
 -Jain Irrigation enters into agreement with Taiyo Kagaku, Japan for
 production of IQF
 
 -Jain Irrigation acquires strategic stake in Terra
 
 -Jain Irrigation gets 3 GOI Plexcouncil Export Awards
 
 -Jain Irrigation secures EIMA Technical Innovation 2005 Award
 
 2006
 
 -Jain Irrigation acquires Watertech for $6 mn
 
 -Jain Irrigation inks agreement to buy stake in Greek co
 
 -Jain Irrigation acquires Mango Processing Business from Parle
 Bisleri, Mumbai
 
 -Jain Irrigation acquires strategic stake in Eurodrip
 
 2007
 
 -Jain Irrigation Systems Ltd has appointed Shri. D R Mehta as an
 Independent Director in casual vacancy created on November 04, 2005.
 
 -Jain Irrigation to acquire 50.001% stake in NAANDAN
 
 2008
 
 -Jain Irrigation acquires controlling stake in Switzerland based
 Thomas Machines S.A 
 
 -Jain Irrigation Gets Four GOI Plexcouncil Export Awards 
 
 -Jain Irrigation signs MoU with Mekorot (National Water Company of
 Israel) - for working together in India in projects related to water
 infrastructure 
 
 -JISL & Govt. of Maharashtra Sign MoU Rs. 550 crores investment in
 two mega projects 
 
 -Jain Irrigation Systems Ltd wins D&B - ECGC Indian Exporters
 Excellence Awards 
 
 2009
 
 - Jain Irrigation Systems Ltd has has appointed:
 1. Mr. Atul Bhavarlal Jain as Director-Marketing (Whole Time
 Director) of the Company w.e.f. September 01, 2009.
 2. Mr. Ghanshyam Dass as Director (Independent, Non-Executive) with
 immediate effect.
 
 -Jain Irrigation bags two prestigious PlastIndia 2009 Awards
 
 -Jain Irrigation bags Rs. 778 million World Bank Order
 
 -Jain Irrigation inks MoU with International Rice Research Institute
 (IRRI) for collaborative research and adaptive field trials on paddy
 using micro irrigation
 
 
 2010
 
 - Award from Israel-Asia Chamber of Commerce.
 
 - 100 Biggest Wealth Creators-2005-2010.
 
 - 100 Fastest Wealth Creators-2005-2010.
 
 - India's Top 100 R&D Spenders-2010.
 
 -Company has splits its Face value of Shares from Rs 10 to Rs 2
 
 2011
 
 - Financial Times - ArcelorMittal Boldness in Business Award -
 Environment.
 
 - Outstanding contribution in the field of Water in India from Best
 Water Company Certificate & Trophy.
 
 - Outstanding contribution in Sustainable Business models and
 innovations ICC Sustainability Vision Award.
 
 -Jain Irrigation Systems has given the Bonus in the Ratio of 1:20
 
 2012
 
 - JAIN, the Indian irrigation and agriculture giant, has signed an
 agreement with Kibbutz Naan to acquire the remaining 50% of the
 jointly owned Company NaanDanJain.
 
 - Jain Irrigation & TALIS Announces Global Strategic Cooperation.
 
 - Jain irrigation partners with G8's New Alliance for Food and
 Nutrition Security in Africa.
 
 - Jain irrigation wins prestigious G20 Award.
 
 2013
 -Business Standard - CSR Award.
 -FMB (Managing Globalisation of the family business) Award.
 -Award of Excellent.
 
 2014
 -Jain Irrigation Systems Ltd has  alloted 75,00,000 Ordinary Equity
 Shares of Rs. 2 each.
 
 2015
 - Jain Irrigation receives National Award for Best Innovation
 - Jain Irrigation bags order to supply solar agri-pumps
 - Jain Irrigation wins largest ever Solar Agri Pump tenders for Rs.
 473 Crores
 
 2016
 -Jain Irrigation signs MoU with Maha Govt in Mumbai
 -Jain Irrigation Bags Orders Worth INR 2,844.3 Millions under AMRUT
 Scheme for Hi-Tech 24x7 City Water Supply Project
 -Research Project in USA named after founder of Jain Irrigation.
 
 2017
 -Jain Irrigation Acquires Observant Technology Strengthens Global
 Commitment to Precision Irrigation.
 -Jain Irrigation Systems bags Rs 189 cr irrigation project
 -Jain Irrigation bags Rs 569 cr Poorigali irrigation project
 -Jain Irrigation Systems bags water supply project worth Rs 84.50 cr
 -Jain Irrigation bags order worth Rs 178.39 cr