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Jaysynth Dyestuff > Company History > Dyes & Pigments > Company History of Jaysynth Dyestuff - BSE: 506910, NSE: JAYDYSTUF

Jaysynth Dyestuff

BSE: 506910|NSE: JAYDYSTUF|ISIN: INE703C01025|SECTOR: Dyes & Pigments
Dec 06, 16:00
-0.5 (-1.19%)
Jaysynth Dyestuff is not traded in the last 30 days
Company History - Jaysynth Dyestuff
YEAR                                                         EVENTS
 1985 - The Company incorporated on 8th March, at Mumbai.  The main
              objective of the company is to manufacture Trading,
              dyes and dye intermediates and acting as distributors
            - 70 shares subscribed for by the signatories to the
 Memorandum of
              Association.  1,99,930 shares were then issued at par
 out of
              which 77,930 shares were reserved and allotted to
              directors, etc.  The balance 1,22,000 shares were
 offered for
              public subscription during August (all were taken up).
 1991 - 1,50,000 rights equity shares issued at par in prop. 3:4.
 1992 - Early in Orchem Pvt. Ltd., became a wholly owned subsidiary
             the Company.
           - The Company proposed to issue rights equity shares at par
 in the
              proportion 20 new equity shares of Rs. 10 each for every
              existing equity share of Rs. 10 each.
           - Another 50,000 No. of equity shares were to be offered at
 par to
              the employees on an equitable basis.
 1993 - Orchem Limited a wholly owned subsidiary of your Company is
              amalgamated with the Company w.e.f. 01/04/1992 pursuant
 to Order of
              Hon'ble Hight Court, Mumbai dt. 8th July, 1993.
            - 70,00,000 Right Shares were offered to Shareholders and
 5,000 Shares were
              reserved for employees of the Company to part finance
 manufacturing project
              of ORCHEM LTD. at Vapi, Gujarat.
           - Out of 5000 Equity Shares reserved for employees 2,200
 Equity Shares were
              taken up by them, the rest were allowed to be lapsed.
           - 3,37,500 No. of Equity Shares were issued and allotted by
 private placement
              to Financial Institutions.
 1994 - Effluent treatment plant has been commissioned to treat the
              liquid wastes before releasing them to the GIDC's
 carrying line.
           - On 1,000,000 Noi. of Equity shares alloted on  December
 27, @ Rs. 0.42 per
              share of Rs. 420,000
 1995 - The Company is implementing a forward integration scheme, 
 which will
               increase the production capacity of Pigments by  670
            - Shri Shrikant K. Kothari and Shri Nikhil S. Kothari
 resigned  as Directors of the
               company w.e.f. 01/11/1994.
 1997 - During the year under review 1050,000 Zero Interest Secured
              Debentures of Rs.120/- each aggregating Rs. 126 million
 were issued and
              allotted by private placement to the Industrial Credit &
 Investment Corporation
              of India Ltd. and SCICI Ltd.
           - 300,000 Non Convertible Debentures (Series I) of Rs.
 100/-each allotted on
              11th January, 1996 are redeemable in three equal
 instalments commencing on
              the expiry of the 3rd year from the date of allotment
 and ending on the expiry of
              the 5th year from the date of allotment.
           - 873,000 Non Convertible Debentures (Series II) of Rs.
 120/- each allotted on 27th
              September, 1996 are redeemable in twelve equal quarterly
 instalments commencing
              from 15th December, 1998 together with a premium of Rs.
 10/- with each instalment.
           - 177,000 Non Convertible Debentures (Series III) of
 Rs.120/-each allotted on 19th
             December, 1996 are redeemable in twelve equal quarterly
 instalments commencing
             from 15th October,1998 together with a premium of Rs.
 8.80 with each instalment
 1999 - Performance of the Industries have been adversely affected on
              account of liberalisation process without provision of a
 level playing
              field for the Indian manufacturers.
           - During the year, first instalment of Rs. 9.9 million
 towards redemption of
             300,000 18.5% Secured Non-convertible Debentures of Rs.
 100/- each
             (Series I) was paid.  The face value of these Debentures
 is now reduced
             to Rs. 67/- per Debenture.
           - Shri Parag S. Kothari and Shri Nikhil S. Kothari have
 resigned as
              Directors of the Company w.e.f. 1st August, 1999.
 -The Company has increased its authorised share capital from Rs 10
 crores to Rs 16 crores and issued 7,00,000 non-convertible redeemable
 cumulative preference shares of Rs 100 each.
 -Jaysynth Dyestuff members approved delisting from Ahmedabad Stock
 -Jaysynth Dyestuff designated E-mail ID for Investor Complaints:
 - Jaysynth Dyestuff India Ltd has created the functional website and
 has become operative, website:
 - The Company has recommended dividend @ 20% (i.e. Rs. 0.20/- per
 equity shares of Re. 1/- each).
 -Jaysynth Dyestuff acquires 6.75 lakh equity shares of Jaysynth
 - Jaysynth Dyestuff (India) Ltd. received outstanding export
 performance of Dyes & Dye Intermediates Award by CHEMEXCIL (Basic
 Chemicals, Pharmaceuticals & Cosmetics Export Promotion Council)
Source : Dion Global Solutions Limited
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