Nath Pulp and Paper Mills Ltd.

YEAR                       EVENTS                                     
                                                                       
                                                                       
                                                                       
                                                                       
                                                                       
                                                                       
                                                                       
                                                                       
                                                                       
                                                                       
                                                                       
                                                                       
                                                                       
                                         1975 - The Company was
 incorporated on 10th April, in Maharashtra.  The
        Company was promoted by Agriculturists and businessmen of
 repute
        who were connected with Maharashtra Hybrid Seeds Co., Ltd.  
        Commercial production was started from 1st January, 1979. 
 The
        bleaching plant was commissioned with effect from 1st
 January,
        1981.
 
      - The main objective of the company is manufacture paper, pulp
 &
        boards.
 
 1977 - 3,40,000 No. of equity shares subscribed for by promoters
 etc.
        5,000 pref. and 5,10,000 No. of equity shares offered at par
 to
        the public during February/March 1978.
 
 1983 - The company took up a scheme of expansion/modernisation to 
        increase the production capacity to 9,900 tonnes per annum.
 
 
 1984 - 1,50,000 No. of equity shares issued at par to lenders of 
        unsecured loans as on 30.06.1984 at the discretion of
 directors.
 
 1986 - The company embarked on second phase of modernisation and 
        expansion to increase the capacity to 14000 tps.
 
 1987 - A scheme to expand the installed capacity from 9,000 tonnes
 to
        14,000 tonnes was in progress.  The company also formulated a
        scheme for further increase in the capacity to 17,000 tonnes
        per annum.
 
      - 1,50,000 No. of equity shares issued at par.
 
 1989 - Production and sales registered an improvement at 12,437
 tonnes.
 
      - The company undertook to set up a unit for manufacture of
 coated
        papers/boards with an installed capacity of 8250 tpa.  Also, 
        another plant was to be set up for regeneration of caustic
 soda.  
        It was also proposed to instal a modern fluidized bed boiler
 with
        a turbo-generator to produce 5 MW of power.
 
 1991 - The company had commissioned twin wire modern machine for 
        manufacture of high strength export quality double lines and
        white lines kraft papers.  Also trail runs of the coating
 plant
        and water pipe line from Jayakwadi.
 
      - 18,00,000 rights shares issued in prop. 1:1.5652.  (Additional
 
        2,70,000 shares allotted to retain oversubscription). 
 Another
        90,000 shares offered to employees (Additional 13,500 shares
        allotted to retain oversubscription).
 
 1992 
 - The company had fully established production of high value added
 high quality kraft and coating base papers from agro waste. 
 Production and sales registered substantial improvement at 21,741
 tonnes.
 - The project based on latern technology of manufacture of newsprint
 from recyclid waste paper.  The company has signed an agreement with
 Jackko Poyny, a firm from Finland while production process know-how
 was to be made available from Parento of Netherland.
 - The company issued 34,57,068-14% secured fully convertible
 debentures of Rs. 90 each of which 24,92,625 debentures were offered
 to the equity shareholders of the Company on Rights basis in the
 proportion 3:4 (additional 3,73,894 debentures) were allotted) and
 1,24,632 debentures were reserved for preferential allotment to
 employees (additional 15,668 debentures were allotted).  Of the
 remaining, 41,991 debentures reserved for preferential allotment to
 employees (additional 6,284 debentures were allotted).  Remaining
 7,97,820 debentures were allotted to the public (additional 1,19,680
 debentures were allotted).
 - Each debenture could be automatically converted into two equity
 shares of Rs. 10 each for cash at a premium of Rs. 35 per equity
 share on the expiry of 6 months from the date of allotment.
 - 11% pref. shares redeemed. 79,45,188 No. of equity shares (prem.
 Rs. 35) allotted in conversion of fully convertible debentures.
 
 1993 
 - During December, the company issued 30,00,000 equity shares of  Rs.
 10 each on preferential allotment basis (to ICICI and other bodies
 corporate).
 
 1994 
 - The company has introduced coated kraft and Art kraft papers for
 the first time in the country.
 - 30,00,000 No. of equity shares allotted on Preferential Basis at
 Rs. 45 per share.
 
 1996 
 - On 31st January, the scheme of Amalgamation of Rama Pulp & Papers
 Ltd. with the company was approved.
 
 2008
 - E-mail ID for Investors Complaints :ansar@bigshareonline.com.