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National Steel & Agro Industries > Company History > Steel - GP & GC Sheets > Company History of National Steel & Agro Industries - BSE: 513179, NSE: NATNLSTEEL
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National Steel & Agro Industries

BSE: 513179|NSE: NATNLSTEEL|ISIN: INE088B01015|SECTOR: Steel - GP & GC Sheets
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Company History - National Steel & Agro Industries
YEAR                       EVENTS
 1985 - The Company was incorporated on 9th January, at Indore (M.P.)
 and
        obtained the certificate of commencement of Business on 4th
        October.  It was promoted jointly by A.C. Patel of M/s.
 Viscus
        Santosh Kumar Sahara (promoters of Ruchi Soya Industries
 Ltd.)
        and MPAVN.
 
      - The Company manufactures galvanised plain and galvanised 
        corrugated sheets/coild of lighter guage.
 
      - The Company undertook to set up a project for manufacture of
        galvanised plate and galvanised corrugated sheets/coils of
 higher
        gauge - 0.18 mm to 0.5 mm with an installed capacity of 40,000
 
        tpa.
 
      - The Company entered into an agreement with Cockenill
 Mechnical
        Industries, for training of technical personnel, supervise 
        erection of machinery, manage start up operations etc.
 
 1995 - 7 No. of equity shares of Rs. 10 each subscribed for by
        signatories to the Memorandum of Association.  61,79,993 No.
 of
        equity shares of Rs. 10 each were issued at par in February
 1987
        of which the following were reserved and allotted in a firm
        basis: 
 
      - (i) 6,18,000 shares to MPAVN.  
 
      - (ii) 14,09,993 shares to private sector promoters. 
 
      - (iii) 13,52,000 shares to NRI promoters.  
 
      - Of the remaining, the following were reserved for allotment on
 a
        preferential basis: 
 
      - (i) 11,20,000 shares to NRSS on repatriation basis.  
 
      - (ii) 3,09,000 No. of equity shares to employees of the
 Company
        and associate companies and MPAVN (only 1,700 shares taken
 up). 
 
      - (iii) 56,000 shares to business associates of the Company. 
 
      - Balance 13,15,000 shares along with 307,300 shares not taken
 up 
        by employees issued to the public.  Additional 700,000 shares
        allotted to retain oversubscription.  
 
      - 34,40,000 rights equity shares issued in prop. 1:2 in
 December
        1988, totally 39,56,000 shares allotted (of these 15,26,800
        shares otherwise allotted) Another 1,72,000 shares issued to
        employees on an equitable basis.  
 
      - 1,00,000 No. of equity shares allotted to MPAVN on
 preferential 
        basis 216,72,000 rights shares issued in October 1992 (prem.
 Rs.
        20; prop. 1:1).  Of these 5,058 remained unissued.
 
 2003
 
 -The company's shares will be  delisted from Delhi & MP Stock
 Exchanges.
 
 2004
 
 -Shri. R.K. Gupta was appointed as Nominee Director(IFCI) of the
 Company 
 
 2009
 
 -Shri. V K Jain was appointed as Director of the Company
 
 2010
 
 -Mr. Ashok Sharma was appointed as additional director of the
 Company
 
 2011
 
 -Miss Paridhi Kasliwal has been appointed as Company Secretary and
 Compliance Officer of the Company
 
 2014
 -Ms. Neha Singhania, a qualified women professional has been
 appointed as additional director of the Company.
 
 
 
Source : Dion Global Solutions Limited
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