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Makers Laboratories > Company History > Pharmaceuticals > Company History of Makers Laboratories - BSE: 506919, NSE: N.A
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Makers Laboratories

BSE: 506919|ISIN: INE987A01010|SECTOR: Pharmaceuticals
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Company History - Makers Laboratories
YEAR                       EVENTS
 1984 
 - The Company was Incorporated on 21st July, in the state of 
 Maharashtra and obtained the Certificate of Commencement of 
 Business. The Company was promoted by Satish Kumar Gupta and  Naval
 Tated.  The Company's object is to manufacture of  pharmaceutical
 formulations and drug intermediaries.
 
 1985 
 -  70 No. of equity shares subscribed for by the signatories to the
 Memorandum of Association.  2,99,930 shares then issued at par of 
 which 1,19,930 shares reserved and allotted to the promoters,
 directors and their friends etc.  Remaining 1,80,000 shares issued
 for public subscription during August 1985.  Additional 75,000 shares
 were allotted to retain oversubscription.
 
 1986 
 - 3,75,000 No. of equity shares issued at par on rights basis in
 prop. 1:1.
 
 1989 
 - Though sales and other income improved to Rs.104.72 lakhs when
 compared to the previous period, margins continued to remain under
 pressure due to escalating marketing cost, initial
 launching expenses of the products and under utilisation of 
 capacities.
 - 5,00,000 No. of equity shares issued at par on rights basis in
 prop. 2:3.
 
 1993 
 - Makers Drugs & Food Products Ltd. (MDFP) was amalgamated with the
 Company with effect from 1st April.  As per terms of the scheme of
 amalgamation, the Company allotted 3,02,700 No. of equity shares of
 the company fully paid, to the members of MDFPL in the ratio of 2
 equity shares for every 1 equity share held by them in MDFPL.
 
 2006
 - Makers Laboratories Ltd has informed that Mrs Purnima Jain has been
 appointed as an Additional Director of the Company and designated as
 the Whole-time Director w.e.f. October 30, 2006.
 
 2010
 - Board recommends Dividend of 10%.
 
 2011
 - The company has recommended a divided of Re. 1/- per share (10%).
 
 
Source : Dion Global Solutions Limited
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