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PTL Enterprises Ltd.

BSE: 509220 | NSE: PTL |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE034D01031 | SECTOR: Tyres

BSE Live

Jul 29, 16:00
52.90 0.65 (1.24%)
Volume
AVERAGE VOLUME
5-Day
23,179
10-Day
35,527
30-Day
45,259
10,049
  • Prev. Close

    52.25

  • Open Price

    52.70

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Jul 29, 15:58
52.75 0.15 (0.29%)
Volume
AVERAGE VOLUME
5-Day
138,387
10-Day
283,559
30-Day
264,536
85,341
  • Prev. Close

    52.60

  • Open Price

    52.50

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

Company History - PTL Enterprises
YEAR                       EVENTS
 1959 - The Company was Incorporated on 19th October.  The main object
 of
        the company is to Manufacture tyres and semityres for
 different
        types of vehicles including buses, omnibuses, industrial
        tyres-inner tubes, flaps, etc., and the cord belting and
 conveyor
        belting.
 
 1960 - 25,000 No. of equity shares taken up by Kerala Government
 10,000
        preference shares and 20,900 No. of equity shares taken up by
        promoters, managing agents, etc.  10,000 No. of equity shares
        reserved for collaborators.  25,000 preference and 44,000 No.
 of
        equity shares offered to the public in January.
 
 1961 - Foreign collaborators allotted 10,000 No. of equity shares.
        Arrears: Rs 42,000.
 
 1973 - 30,000 bonus equity shares issued in the proportionate of
 1:5.
        Arrears: Rs 7,250.
 
 1983 - 35,000 No. of equity shares issued to financial institutions
 on 
        conversion of loans.
 
 1987 - 1,07,500 shares were offered at par as rights in Proportionate
 of
        1:2 only 37,329 shares taken up.  The balance 70,171 shares
 were
        allotted privately.  Another 5,370 shares offered at par to
        employees.  Only 1,270 shares taken up.  The balance 4,100
 shares
        were allowed to lapse.
 
 1989 - The Company suffered a loss on account of high cost of raw 
        materials, increased cost of financing and liquidity
 constraints
        that prevailed throughout the year.
 
 1993 - There was no production activities due to the strike/lockout 
        which started on 23rd February.  Strike/lockout was called off
 on
        27th October.
 
 1994 - Production was to be suspended due to acute cash crunch.
        However, as desired by the government of Kerala, Apollo
        commenced production at Premier under an agreement for 
        conversion of job work.
 
 1995 - Very limited scale of operations coupled with a huge interest
 
        burden led to loss.  Approximately 63000 tyres valued at
        Rs.22.90 crores were produced at Premier.
 
      - Rehabilitation Scheme was prepared by BIFR envisaging take
 over
        of Premier Tyres Ltd., by Apollo Tyres Ltd. Apollo subscribed
 to
        Premiers additional equity of Rs.10 crore at par.  The scheme
        provided for a reconstitution of the Board of directors of
        Premier by induction of representatives of Apollo besides
        government nominees.
 
      - Pursuant to the scheme, Apollo would operate Premier's plant
 on 
        an lease of 8 years.  Apollo would lift the entire production
 of
        Premier and sell the same under Apollo brand name.
 
 2005
 
 -Company has changed its name from Premier Tyres Ltd. to PTL
 Enterprises Ltd                                                      
  
                                                         
 2008
 
 - The Company has splits its face value from Rs10/- to Rs2/-.
 
 2009
 
 -The Company recommended a dividend of Rs 0.40 per share amounting to
 Rs 264.75 Lacs on equity shares of Rs 2/- each.
 
 -Company has given the following Email Id for redressal of Investor
 Grievances:- investors@ptlenterprise.com.
 
 2010
 
 -PTL has recommended a dividend @ Re. 0.50 per Share amounting to Rs.
 330.94 Lacs on Equity Shares of Rs. 2/- each.
 
 2011
 
 -PTL has declaired Dividend @ Rs. 1/- per share.
 
 2012
 
 -PTL has recommended a dividend @ Re 1.00 per Share.
 
 2013
 
 -The company has recommended a dividend @ Re. 1.00 per share.
 
 2014
 
 -The company has recommended a dividend @ Re. 1.00 per share.