NRC Ltd.

YEAR                       EVENTS  
 1946 - The company was incorporated at Mumbai and is engaged in the
        manufacture of Textile Rayon Yarn, Industrial Rayon Yarn,
 Nylon
        Tyrecord, Caustic Soda, Sulphuric Acid, Carbon bi-sulphide,
        liquid chlorine, hydrochloric acid and other allied chemicals
        and hydrogen gas.
 
 1969 - Collaboration agreements for the production of 2,200 tonnes
 of
        nylon-6 tyre yarn per annum were finalised with Chemtex Fibres
 of
        U.S.A. for the supply of technical know-how and Chemtex
 Overseas
        for the supply of technical personnel and engineering
 services.
 
 1976 - 102 No. of equity shares forfeited but forfeiture on 34
 shares
        annulled.
 
 1979 - 51,000 No. of equity shares issued to financial institutions
 on
        conversion of loans.
 
 1980 - 45,642 No. of Equity shares allotted at a premium of Rs 80
 per
        share upon conversion of debentures.
 
 1981 - The Company received industrial licence for the industrial
        preservatives project.
 
      - 45,642 No. of equity shares allotted at a premium of Rs 80
 per
        share upon conversion of debentures.
 
 1982 - Letter of Intent was received for the manufacture of 1,000
 tonnes
        per annum of polypropylene continuous filament yarn.  The
 Letter
        of Intent was converted into an industrial licence during
 1983.
 
      - A registration certificate from the Central Insecticides Board
 in
        connection with the fungicides programme for the manufacture
 of
        three out of six products was received and the industrial
 licence
        was awaited.
 
 1983 - 4 No. of equity shares of Rs 100 each allotted on conversion
 of
        debentures.
 
 1984 - 2 No. of equity shares allotted during the year, 3 No. of
 Equity
        shares remained to be allotted.
 
 1987 - The Board for Industrial and Financial Reconstruction (BIFR)
        approved a modernisation scheme.
 
      - The Company installed the Barmeg Single position pilot
 extruded
        spinning and spindraw machinery, imported under TDF scheme.
 
      - The proposal for enhancement of annual licensed capacity of
        caustic soda and chlorine by 3908 TPA and 2281 TPA
 respectively,
        received Government approval.
 
      - Caristrap, Ltd. with an issued and paid-up capital of Rs 10
 lakhs
        is a wholly owned subsidiary of the Company.
 
      - The Board for Industrial and Financial Reconstruction by its
        order dated 1st September, declared the Company sick under
 the
        provisions of the Sick Industrial Companies Act, 1985 and
        appointed ICICI as the operating agency for the unit.  The
 Scheme
        of Rehabilitation submitted by ICICI was approved by BIFR and
        major reliefs/connections were offered to the Company.
 
 1991 - The Company received letter of intent for expansion of its
        caustic soda plant by 63 TPD based on Membrane Cell
 Technology.
 
      - Letters of intent were received for the manufacture of
 fungicides
        and industrial preservatives.
 
      - The Company proposed to issue 86,03,638 No. of equity shares
 of
        Rs 10 each at a premium of Rs 65 per share on rights basis in
 the
        proportion of 5:4.  Another 4,30,182 No. of equity shares of
 Rs
        10 each at a premium of Rs 65 per share were to be offered to
 the
        employees.
 
      - 87,000 No. of equity shares allotted at par in part conversion
 of
        loans to financial institutions.
 
 1992 - Due to disturbed labour conditions and the consequent lockout
 in
        the latter half of the year the turnover declined.  The
 lockout
        was lifted from 2nd May, 1993.
 
      - The Company undertook the modernisation of its rayon and
 nylon
        plants.
 
 1993 - 4,07,250 No. of equity shares issued to the employees at a
        premium of Rs 55 per share.
 
 1994 - With effect from 4th August, name of the Company was changed
 from
        `The National Rayon Corporation Ltd., to NRC Ltd.
 
 1995 - Stage Investments Ltd. was Amalgamated with the company.
        Amalgamation of Consolidated Fibres and Chemicals Ltd. and
 Star
        Paper Mills Ltd. with the Company effective 1st April, 1996
 was
        under consideration subject to necessary approvals from the
        concerned authorities.
 
 1996 - In view of frequent hike in the power tariff and deterioration
 in
        the Quality of grid supply, the Company proposed to install
        Diesel Generating Sets to overcome short and medium term
        requirements.
 
      - 12,76,386 No. of equity shares issued to the shareholders of
        erstwhile Stage Investments Ltd. pursuant to the Scheme of
        Amalgamation.
 
 1997 - The Company undertook to set up a captive power project
        envisaging installation of 4 diesel generating sets of 6 MW
        capacity each.
 
      - Caristrap Limited, a wholly owned subsidiary of the company,
 was
        amalgamated with the company with effect from 1st April.
 
 2003
 -Members of the company approved the delisting of equity shares from
 Calcutta, Pune and Ahmedabad Stock Exchanges. and approved to Issue
 of 47,00,000 equity shares of Rs.10/- for cash on preferential basis
 to the promoter group at a price as per applicable SEBI Guidelines in
 one or more tranches, in terms of restructuring package sanctioned by
 FI's.
 
 -Delisting of equity shares from Calcutta, Pune and Ahmedabad Stock
 Exchanges
 
 2006
 
 -NRC enters into MoU for sale of part of land at Kalyan
 
 2007
 
 -NRC Ltd has appointed Shri. P K Mallik as Director of the Company.
 
 -Nrc Ltd. has informed vide its letter dated October 25, 2007 that:
 the Board, at its Meeting held on 24th October, 2007, have designated
 Shri M.C. Nalwaya as the Chief Financial Officer.
 
 -NRC Ltd has appointed Shri. L S as an Additional Director of the
 Company and also as a Managing Director of the Company w.e.f.
 December 13, 2007.
 
 2014
 
 - The Board has adopted new articles of association of the Company
 w.e.f. November 19, 2014.