Jaykay Enterprises Ltd.

YEAR                       EVENTS
 1943 - The company was incorporated under the name J.K. Investment
 Trust
        Limited, and functioned primarily as an investment company. 
 It
        ceased to be recognised as investment trust company in 1959.
 
 1960 - The Company changed its name to J. K. Synthetics Ltd.
 
      - 10,000 `A' Equity shares issued as rights.  Only 48 shares
 taken
        up.
 
 1967 - The Company established a research centre at its factory at
 Kota
        for the manufacture of nylon yarn and also for developing
 various
        types of other synthetic yarns and fibres.  Subsequently, a
        research centre was put up under the name and style of Sir
        Padampat Research Centre.
 
 1973 - The plant for manufacturing synthetic fibre making machinery
 in
        collaboration with Harsh Fisher of West Berlin was inaugurated
 in
        November.
 
      - A cement factory manufacturing 750 tonnes of
 portland/pozzolana
        cement per day was set up at Mimbahera in Chittorgarh district
 of
        Rajasthan and was commissioned on 4th May, 1975.
 
      - Two more cement plants, with annual capacities of 4.2 lakh
 tonnes
        each, were set up at Nimbahera.
 
 1977 - The Company received an industrial licence for the manufacture
 of
        D.M.T. from polyester waste and moon-ethylene glycol
 (by-product)
        with an annual capacity of 4,000 tonnes and 1,000 tonnes
        respectively.  A commercial plant for the manufacture of
 D.M.T.
        from polyester waste was installed.
 
      - With effect from 1st July, J.K. Steel & Industries Ltd. was
        amalgamated with the Company.  The terms of the scheme were
 are
        follows:
 
      - (i) For every 10 equity shares of Rs 10 each of J.K. Steel, 1
        equity share of Rs 10 each of J.K. Synthetics was to be
 allotted
        without payment in cash;
 
      - (ii) For every 9.1% preference share of Rs 100 each of J.K.
        Steel, one 9.1% preference share of Rs 100 each of J.K.
 Synthetic
        was to be allotted without payment in cash;
 
      - (iii) All fractional entitlements were to be sold and the net
        proceeds were to be distributed amongst the members in due
        proportion;
 
      - (iv) J.K. Synthetics was to pay all the arrears of preference
        dividend on 9.1% preference shares held in J.K. Steel upto
 30th
        June, 1977; and
 
      - (v) The equity and preference shares so allotted by the J.K.
        Synthetics shall rank pari passu with the existing shares
 except
        that they are entitled for dividend from the financial year
 ended
        31st December, 1977 proportionately from 1st July, 1977.
 
      - 25,000 Pref. shares redeemed on 31.3.1977.  60,00,000 Bonus
        equity shares issued in prop. 2:3 on 10.5.1977.
 
 1979 - An acrylic fibre project set up in collaboration with
 Technimont,
        Italy.  The Company also set up a white cement plant at Gotan
 in
        Rajasthan with a capacity of 50,000 tonnes per annum.  This
 plant
        was commissioned in August 1984.
 
 1981 - 6,000 No. of Equity shares allotted to ICICI at par on
 conversion
        of loan.  3,39,286 No. of equity shares allotted to UTI, IFCI
 and
        GIC and its subsidiaries (prem. Rs 18 per share) on conversion
 of
        loans/debentures.
 
 1982 - During January-February, the Company issued 15,62,500-13 1/2%
        (3rd series) secured convertible debentures of Rs 160 each for
 a
        total amount of Rs 25 crores.  Additional interest of 1% is
        payable if, for the immediately preceding financial year, the
        Company declares equity dividend at a rate exceeding 18% per
        annum such rate to be adjusted proportionately in the event
 of
        any future issue of bonus equity shares.
 
      - 25% of the face value of each debenture is convertible into
 two
        equity shares of Rs 10 each of the Company at a premium of Rs
 10
        per share on 1st January, 1983.
 
      - In the event of any bonus issue of equity shares before
        conversion, the entitlement for equity shares on conversion
        stands augmented in the same proportion as bonus issue and
 the
        premium on new equity shares also stand reduced pro tanto. 
 The
        balance of Rs 120 per debenture shall be redeemed between 2nd
        April, 1989 and 2nd April, 1992.
 
      - 31,25,000 No. of equity shares allotted in conversion of
 13.5%
        debs. (I series) 63,13,666 bonus equity shares then issued in
        prop. 1:3.  In July 1983, 1,00,000-13.5% Pref. shares issued
 as
        rights to equity shareholders in prop. 1:161 (fractions
 ignored
        and subject to a minimum of 1 share).
 
 1983 - To augment the long-term working capital resources the
 Company
        issued 12,00,000-15% secured (6th series) non-convertible
        debentures of Rs 100 each on a rights basis to the equity and
        preference shareholders.
 
      - The Company also issued 15% secured (7th Series)
 non-convertible
        debentures of Rs 100 each aggregating Rs 48.07 lakhs to those
        9.1% and 9.5% preference shareholders who opted for debentures
 in
        lieu of the redemption amount of their shares.
 
      - The balance debentures aggregating Rs 36.93 lakhs were
 subscribed
        by UTI in 1985-86.  These are redeemable in one instalment at
 a
        premium of 5% on 1st April, 1992.  The date was extended by
        another 7 years.
 
 1984 - J.K Satoh Agricultural Machine Limited is a subsidiary of the
        company . 
 
      - Four investment companies (J.K. Investment Limited, Kanpur 
        Investment Limited, Jaykaylon Investment Limited and Juggilal
        Kamlapat Holding Limited) became subsidiaries of the company.
 
 
 1985 - The Company received a licence to manufacture 2,000 Fascimile
        systems and allied equipment.  The licence was also received
 for
        Rs 30 crore computer software project.
 
      - The Company signed an agreement with the Bihar State
 Industrial
        Development Corporation on 15th May, to set up a plant in the
        joint sector for the manufacture of nylon `6' yarn with an
 annual
        installed capacity of 6,000 tonnes.  It was deferred due to
 rigid
        approach with regard to selection of appropriate site and
        unfavourable response from Government.
 
      - J.K. Leasing Company Limited and Risha Steel Limited also
 became 
        subsidiary of the company.
 
      - The Company revalued the fixed assets at the Nimbahera and
 Kota
        complexes as on 31st March.
 
      - The Company issued 12,00,000-15% secured (8th series)
 redeemable
        debentures aggregating Rs 12 crores by private placement to
 UTI
        to meet part of the capital cost of installing waste
 recovery,
        energy conservation and balancing equipment at its synthetic
        fibre and yarn plants at Kota.
 
      - 15% debentures of Rs 100 each aggregating Rs 10 crores were
 also
        privately placed with UTI to part finance the cost of the
 thermal
        power project being put up at Bamania village in Chittorgarh
        district.  These debentures are redeemable on 9th April, 1993
 and
        18th June 1993 at a premium of Rs 5 per debentures.
 
      - 75,000-9.5% and 10,000-9.1% preference shares were to be
        redeemed on 31st March, 1985 and 30th June, 1985
 respectively.
        The Company gave these shareholders the option to subscribe
 to
        15% secured (7th series) non-convertible debentures of Rs 100
        each in lieu of these shares in the ratio 1:1 and debentures
        aggregating Rs 48.07 lakhs were allotted.  The balance
 preference
        shares were redeemed on due dates.
 
 1986 - J.K. Industrial and Mineral Products Limited became a
 subsidiary   
        of the company.
 
      - The Working results were adversely affected due to flood
        situation in Kota during July, go slow tactics followed by
        illegal strike by workmen of the cement complex at Nimbahera
 from
        April to July, power constraints and steep increase in costs.
 
      - With a view to earn valuable foreign exchange, the Company set
 up
        international trading division in November.
 
      - The centre developed technology for production of mass
 coloured
        nylon yarn and polyester fibre on commercial scale.  It also
        developed technology for production of carries free dyeable
        polyester on pilot scale.
 
      - The Company issued 15% secured redeemable debentures
 aggregating
        Rs 65 crores for financing part of the capital cost of the
 new
        acrylic staple fibre and nylon tyre cord project at Jhalawar
 in
        Rajasthan.  These are redeemable at a premium of Rs 5 per
        debentures in one instalment on 10th November, 1993 or in
 five
        equal instalments of Rs 20 per debenture at the expiry of
 5th,
        6th, 7th, 8th and 9th year respectively.
 
      - The Company privately placed with UTI and LIC, secured
        non-convertible debentures worth Rs 22 crores.
 
 1987 - The fibretech division and syntex tube works suffered a set
 back
        on account of go-slow resorted to by workmen and recession in
        demand respectively.
 
      - The Company proposed to incorporate specialised and precision
        lines of production in the fibretech division and resort to
        diversification in the syntex tube division.
 
      - The Company installed the indonet terminal for personnel
        training.
 
      - It was proposed to implement the project in a separate public
        limited company by subscribing to Rs 25 crores in the equity
        capital of the company.
 
      - A team of professionals responsible for implementation of the
        Company's projects were grouped under Jaykay Tech Division.
 
      - A Memorandum of Understanding was signed with M/s. SNC/FW Ltd.
 of
        Canada.
 
      - The Company proposed to participate in the new company Jaykay
        Tech. Ltd.
 
      - During June-July, 132,58,700 No. of equity shares (prem. of Rs
 20
        per share) were offered as rights in prop. 1:2.  The
 remaining
        6,31,367 shares offered to employees/workers of the Company
 (only
        5,51,750 shares taken up).  The remaining 79,617 shares were
        allowed to lapse.  3,00,000-14% Pref. CR shares issued.
 
 1988 - The J.K. Technosoft division undertook a project each in US
 and
        UK and carried out in-house development of software packages.
 
      - Endorsement letter dated 29th August, was received for
        substantial expansion of nylon industrial yarn/tyre cord
 capacity
        to 2000 TPA with a change of location from Kota to Jhalawar
 in
        Rajasthan.
 
      - Licensed capacity of acrylic fibre plant at Kota was
 re-endorsed
        from 4000 TPA to 12,000 TPA vide letter dated 27th September. 
 In
        addition, licensed capacity of polyester filament yarn plant
 at
        Kota was re-endorsed to 10,700 TPA from 6,960 TPA.
 
      - A letter of intent was received for the setting up of a petro
        chemical complex at Salempur in U.P. for the manufacture of
        automatic and purified terephthalic acid (PTA).
 
      - The Company signed a co-promoter agreement with PICUP for
        setting up a joint sector unit for the manufacture of photo
        sensitised goods with a capacity of 13 million sq. mtrs in
 U.P.
 
      - Government approvals were awaited for the following:
 
      - (i) Propylene and Acryionitrile project; (ii) Monoethylene
        glycol, ethylene oxide, diethylene glycol and tiethylene
 glycol
        projects.
 
      - M/s. Risha Steel Limited ceased to be the subsidiary of the
        company.
 
 1989 - A letter dated 16th February, was received endorsing change
 of
        description of nylon filament yarn to synthetic filament yarn
        including industrial yarn/tyre cord in respect of industrial
        licence and a letter of intent for a capacity of 15,000 TPA.
 
      - The Company made an application to Govt. for Letter of Intent
 for
        expansion of installed capacity of nylon tyre yarn from 1,700
        tonnes to 10,200 tonnes per annum.
 
      - Applications were also made for expansion of PSF capacity
 from
        12,000 tonnes to 30,000 tonnes per annum and of PFY capacity
 to
        11,730 tonnes per annum through a newly incorporated Company
        under the name of India Synthetics, Ltd.
 
      - In May, Letter of Intent was received for the manufacture of
        30,000 tonnes per annum of O-xylene 1,03,000 tonnes per annum
 of
        P-xylene and 1,50,000 tonnes per annum of purified
 terephthatic
        acid.  The installed capacity for purified terephthatic acid
 was
        subsequently enhanced to 20,000 tonnes per annum.
 
      - Letter of Intent were also obtained approving enhancement in
        capacity of acrylic fibre from 12,000 to 20,000 tonnes per
 annum
        and of nylon tyre yarn fabric from 1,700 tonnes to 10,200
 tonnes
        per annum.
 
      - The activities of Jaykay Tech Division were transferred to
 Jaykay
        Tech, Ltd., a subsidiary of the Company.
 
     -  It was proposed to form a new company under the name of
 Bharat
        Photo Products Ltd. to implement this project.
 
      - A new company under the name of J.K. Petrochemical Limited
 was
        incorporated to implement the aromatic and PTA project.
        Memorandum of understanding for technical know-how and
 licence
        were signed with UOP for the aromatics and PTA projects
        respectively.
 
      - During January-February, the Company offered 20,00,000-14%
        secured redeemable non-convertible debentures of Rs 100 each
 for
        cash at par on rights basis in the proportion one debenture:
 20
        equity shares.  Additional 3,00,000 debentures were allotted
 to
        retain oversubscription.
 
      - These debentures offered under both cumulative interest
 scheme
        and non-cumulative interest scheme, were to be redeemed in
 three
        instalments at the end of 6th, 7th and 8th year from the date
 of
        allotment at a premium of Rs 5 per debenture.
 
      - During October-November, the Company offered 19,21,688-12.5%
        secured redeemable partly convertible debentures of Rs 300
 each
        for cash at par on rights basis in the proportion 1 debenture:
 12
        equity shares.
 
      - Simultaneously another 96,082 debentures were offered to
        employees (including Indian working directors)/workers of the
        Company on an equitable basis.  Unsubscribed portion, if any,
 of
        the employees quota was to be allowed to lapse.
 
      - The convertible portion of Rs 120 of each debenture was
        automatically and compulsorily converted on 31st March, 1990
 into
        3 equity shares of Rs 10 each at a premium of Rs 30 per
 share.
        Accordingly 66,30,219 shares were allotted.
 
      - The non-convertible portion of Rs 180 of each debenture was to
 be
        redeemed at par in 3 equal instalments of Rs 60 each after
 the
        expiry of 6th, 7th and 8th years from the date of allotment
 of
        debentures.
 
 1990 - The fibretech division was under lockout since 9th April.
 
      - The Overall performance of the Company in terms of production
 of
        nylon and polyester filament yarns, polyester staple fibre,
        acrylic staple fibre and nylon tyrecord yarn was poor due to
        substantial hike in prices of basic raw materials, customs
 and
        excise duty etc.  Further, political instability in the
 Northern
        and Western India, the Gulf war the foreign exchange crunch
 etc.
        added to the problems.
 
      - Necessary Government approvals had not been received, the
        Company decided to abandon the Fascimile system and allied
        equipment project.
 
      - In view of the prevalent sluggish market conditions, the
 Company
        proposed to defer implementation of the polyester filament
 yarn
        project.  In addition, in view of the escalation in the
 project
        cost of the cement project at Sidhi, the Company proposed to
        review the project.
 
      - A memorandum of understanding was signed with the Indian Oil
        Corporation, for supply of naphtha for the aromatics and PTA
        project.  However, requisite Govt. permission was awaited.
 
      - The Company allotted 7,00,000-14% secured (C-series)
 redeemable
        debentures of Rs 100 each on private placement basis with,
 UTI,
        LIC, GIC and its four subsidiaries.
 
      - CCI approval was received to issue 20,00,000-14% secured
        redeemable non-convertible debentures of Rs 100 each on
 private
        placement basis.
 
      - Necessary approvals were received by the Company to offer
 right
        equity shares and partly convertible debentures as follows:
 
      - (i) 2,25,31,924 Right equity shares of Rs 10 each at a premium
 of
        Rs 80 per share in prop. 1:2.  Another 16,26,596 No. of
 equity
        shares of Rs 10 each were also to be offered to employees' at
 a
        premium of Rs 80 per share, on an equitable basis.
 
      - (ii) Right 15% partly convertible debentures of Rs 360 each
 in
        the propn. 5 debentures: 18 equity shares held.
 
      - Part A of Rs 90 of each debenture was to be converted into
 one
        equity share of Rs 10 each at premium of Rs 80 per share at
 the
        end of 6 months from the date of allotment of debentures.
 
      - Remaining Part B of Rs 270 of each debenture was to be
 redeemed
        in three equal instalments of Rs 90 each on the expiry of
 7th,
        8th and 9th year from the date of allotment.
 
 1991 - The Lock-out at the Dadri work was lifted consequent to
 signing
        of an agreement with the workers' union on 29th May.  The
 Company
        undertook to produce value added and special varieties of
 yarn.
 
      - Approvals, for technical collaboration agreement with UOP
 Inter
        American of USA for aromatic process units and with Amoco
        Corporation of USA for PTA plant were received.  Also, MOUs,
 were
        signed with Krupp Koppers of Germany and Uhde India, Ltd.,
 for
        engineering services.
 
 1993 - 223,78,950 No. of equity shares (prem. Rs 10 allotted on
 right
        basis in the ratio of 1:2.  1,66,774 shares kept in abeyance.
 
 1994 - The Company decided to close down J.K. Technosoft division due
 to
        continued poor performance.
 
      - 69,64,000 No. of equity shares allotted at par to the
 Financial
        Institution on conversion of loan.  17,582 Right equity
 shares
        kept in abeyance were allotted.
 
 1995 - The Company was exploring the possibility to set up Sidhi
 Project
        in a joint venture.  The implementation of Shambhupura
 Project
        shall be reviewed only after the proposal of the company was  
     
        approved by the financial institution/banks.
 
 2002
 
 -S C Bhandari appointed as Nominee Director on the Board of J K
 Synthetics.
 
 2004
 
 -JK brings all cement units together
 
 2007
 
 -JK Synthetics designated E-mail ID for Investor Complaints:
 jkshr@jkcements.com
 
 2011 
 
 -Company has changed its name from  J K Synthetics Ltd. to Jaykay
 Enterprises Ltd.
 
 2018
 
 -JKE Forays into Digital Business Acquired 28% equity in Nebula3D
 Services.
 
 2021
 
 -Family Division- Abhishek Singhania takes over control of JKE.
 Established Neumesh Labs a JV with EOS, a leader in 3D Printing.
 
 2022
 
 -Board adopts new Objects of Business, Defence & Aerospace and
 Digital & Advance System  Key Focus Areas, IT, Trading & Real Estate
 also other Objects.
 
 -Company entered into Defence Business Acquires SilverGrey
 Engineers.
 
 -First product to pass Fitment Trails of Army - Pinion Shaft Turning
 Mechanism for Guns.
 
 2023
 
 -Incorporates JK Defence & Aerospace Ltd. & JK Digital & Advance
 Systems Pvt. Ltd. as WoS of JKE.
 
 -JK Defence & Aerospace Ltd. acquires Allen Reinforced Plastics, a
 leading supplier of launch tubes for Missiles and Underwater mines,
 Right Issue announced.