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Rajapalayam Mills > Company History > Textiles - Spinning - Cotton Blended > Company History of Rajapalayam Mills - BSE: 532503, NSE: RAJPALAYAM
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Rajapalayam Mills

BSE: 532503|NSE: RAJPALAYAM|ISIN: INE296E01026|SECTOR: Textiles - Spinning - Cotton Blended
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Company History - Rajapalayam Mills
YEAR                       EVENTS
 1936 - The Company was incorporated at Rajapalayam.  It's main
 object
        and activities include the manufacture of cotton textile and
        cotton yarn of 20's to 80's counts.
 
 1948 - 5,381 Bonus equity shares issued in the propn. 1:1.
 
 1958 - 5,281 Bonus equity shares issued in the propn. 1:2.
 
 1966 - Effective 1st April, Jayaram Mills Ltd. was amalgamated with
 the
        company.  Pursuant to the scheme of amalgamation 750 No. of
        equity shares of the company were allotted to the shareholders
 of
        erstwhile Jayaram Mills Ltd. in the ratio of six equity shares
 of
        erstwhile Jayaram Mills Ltd. for every one equity share of
 the
        Company.
 
 1967 - 10,762 bonus shares issued in propn. 2:3.
 
 1976 - 16,143 bonus shares issued in propn. 3:5.
 
 1980 - 43,048 bonus shares issued in propn. 1:1.
 
 1985 - 4 nos. L.R. high production cards model `Christallina' type C
        1/2A, 2 nos. L.R. high speed combers model E 1/4 and 1 no.
        Lakshmi speed frame model L.F. 1400 were added.
 
 1986 - Major additions were 20 nos. `Kayar' double swift reeling
        machines, 2 nos. `TEXTOOL DRT' double winder of 120 hukelite
        drums, 3 nos. Retex dry doublers of 400 spindler each, 1 no.
        Keyar heavy duty bundling press, 1 nos. texmag cone winder of
        120 spindles, 1 no. Skoda 860 KVA diesel generator and 1 no.
 L.R.
        high speed comber model E 7/4.
 
      - As a part of the expansion programme, the Company installed 3
        nos. Lakshmi Rieter high speed ring frames Model DJ/5 of 432
        spindles each and 4 nos. Lakshmi Rieter high speed ring
 frames
        Model DJ/5 of 448 spindles each.
 
 1987 - Under the modernisation scheme, the Company installed one
 line
        Lakshmi Rieter blow room, 4 nos. Lakshmi Rieter High
 production
        cards, Christallina Type C 1/3, 1 no. of each Lakshmi Rieter
 draw
        frame Models DO/6 and DO/2s, 1 no. Lakshmi Rieter open end
        spinning machine Model M 1/2 with 168 rotar, 1 each of
 Lakshmi
        Rieter combers, 4 nos. doubling machine and 18 nos. Keyar
 double
        swift reeling machine.
 
      - Under the expansion programme one Lakshmi Rieter open end
        spinning machine of 168 rotors was installed.
 
      - 51,658 bonus shares issued in propn. 3:5.
 
 1988 - Under the modernisation programme, the Company installed 2
 nos.
        L.R. High production cards `Christallina' type C 1/3, 4 nos.
        Premier Cards Control autolevellers, 2 nos. L. R. open end
        spinning machines model M 1/2 with 168 Rotors each;
        humidification plant and electrical accessories were
 installed.
 
 1989 - Under the modernisation scheme, the Company imported and
        installed one scalafhorst automatic cone winder model 238, 4
 nos.
        L.R. high production cards, 1 nos. L.R. draw frame model DO/6,
 1
        no. open end spinning frame model M 1/2 with 168 Rotors, 4
 nos.
        Veejay - Lakshmi two for one twister and 4 nos. Premier card
        control 2 auto leveller computers.
 
 1991 - The Company's 100% export Oriented Spinning Mill named as
        Rajapalayam Spintex was commissioned as per schedule in
 March,
        with 6000 spindles.  Additional license for installation of
        15,000 spindles was received from the textile commissioner.
 
 1993 - The Company installed 3 nos. 250 KW wind world make electric
        generators in Muppandal, near Nagercoil.  These were
 commissioned
        in March 1994 and were connected to the Tamil Nadu
 Electricity
        Board grid.
 
 1994 - Govt. of India gave its approval for starting a 100% EOU for
        exports to M/s. Unitika Ltd., Japan.
 
      - 137,646 shares issued.
 
 1995 - 103 shares issued.
 
 1996 - The Company installed 1 No. Savio Auto Coner 1 No. Speed
 Frame, 4
        Nos. Doubling Frames, 1 No. Doubler Winder, 2 Nos. 1250 KVA
        Generators.
 
      - As a part of the diversification plans, the Company undertook
 to
        set up a Tissue Culture Unit under the name and style of Shri
        Ramco Biotech as a division of the existing company for
        production of ornamental and orchard plants for exports and
 other
        domestic markets.
 
      - 5 shares issued.  750 shares issued to the shareholders of
        erstwhile Jayaram Mills Ltd.
 
 2008
 
 -Rajapalayam Mills Ltd has appointed Mr. A V Dharmakrishnan to co-opt
 as Additional Director till the end of next Annual General Meeting.
 
 
 2011
 
 - the Company have acquired the entire 60,00,000 Equity Shares of
 RSPL from the Shareholders of RSPL.
 
 - Has allotted 3,51,000 Equity Shares of Rs.10/- each @ Rs.234/- per
 Share to Shri. P R Ramasubrahmaneya Rajha, Chairman on Preferential
 basis.
 
 -Rajapalayam Mills has given the Bonus in the Ratio of 1:1
 
 2012
 
 - The merger of the Companys wholly owned subsidiary namely M/s.
 Rajapalayam Spinners Limited with its holding Company Rajapalayam
 Mills Ltd.
 
 2013
 
 -Rajapalayam Mills Ltd has amalgamated with wholly owned subsidiary
 M/s. Rajapalayam Spinners Limited (RSL).
 
 -Shri V. Santhana Raman has been appointed as a Additional Director
 of the company.
 
 2014
 
 -Shri K B Nagendra Murthy has been appointed as a Additional Director
 of the company.
 
 -Board recommended has a Final Dividend of Rs.7.50per share.
Source : Dion Global Solutions Limited
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