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Standard Industries Ltd.

BSE: 530017 | NSE: SIL |

Shares falling in the `Trade-to-Trade` or `T-segment` are traded in this series and no intraday is allowed. This means trades can only be settled by accepting or giving the delivery of shares.
Series: BE | ISIN: INE173A01025 | SECTOR: Chemicals

BSE Live

Dec 08, 16:00
13.75 -0.26 (-1.86%)
Volume
AVERAGE VOLUME
5-Day
4,525
10-Day
4,469
30-Day
9,493
7,951
  • Prev. Close

    14.01

  • Open Price

    14.25

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Dec 08, 15:40
13.75 -0.05 (-0.36%)
Volume
AVERAGE VOLUME
5-Day
7,389
10-Day
6,876
30-Day
14,769
4,564
  • Prev. Close

    13.80

  • Open Price

    14.25

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

Company History - Standard Industries
YEAR                                                EVENTS
 1892 - The Company was incorporated at Mumbai.  The main object of
 the
              Company is to manufacture textile goods and chemicals. 
 Textile
              products manufactured are grey long cloths, dhoties,
 poplins,
              coatings, printed long cloths, drills, crepes, voiles,
 etc.  The
              Company uses the trade name COCKATTO and SAPERA. 
 Counts
              ranging from 11s to 95s are spun and the cloth width
 ranges from
              28 to 60.
 
           - The mills are equipped to perform bleaching, dyeing,
 M.K.
              printing, mercerising, sanforising and yarn dyeing
 operations.
 
 1933 - Capital reduced by Mumbai High Court Order dated 8th December
 by
              paying back Rs.400 per whole and Rs.100 per quarter
 share.
 
 1940 - 14,217 whole and 10,332 quarter shares issued as bonus (prop.
 7:
             quarter shares consolidated.
 
 1942 - 4,800 Bonus shares issued in prop. 1:4.
 
 1943 - 6,000 Bonus IInd pref. issued is prop. 1:4.
 
 1948 - 24,000 Bonus Equity shares issued in the prop. 1:1.
 
 1950 - 8,000 No. of Equity shares issued in prop. 2:3 to members of
              Indian Bleaching Dyeing and Printing Works, Ltd., on its
 merger.
 
 1955 - 31,800 No. of Equity shares issued in prop. 1:1 to
 shareholders
              of New China Mills, Ltd., on its merger.
 
 1958 - 21,950 Bonus Equity shares issued in the prop. 1:4.
 
 1960 - 43,900 Bonus Equity shares issued in the prop. 2:5.  The
 pref.
             shares are redeemable on 6 month's notice.
 
 1966 - 21,950 Bonus Equity shares issued in the prop. 1:7.
 
 1972 - On 1st January, 24,380 No. of Equity share issued (prem.
 Rs.200
              per share) on conversion of 7.5% Bonds.  1,99,980 Bonus
 Equity
              shares issued in prop. 1:1 on March.
 
 1975 - 1,00,000 Bonus Equity shares issued in prop 1:4.
 
 1976 - 39,020 No. of Equity shares issued at a premium of Rs.200 per
              share on conversion of 8% Bonds.
 
 1977 - Mafatlal Industries Ltd., ceased to be the Holding Company of
 the
             Company with effect from 1st January.
 
 1978 - 1,07,804 Bonus Equity shares issued in prop. 1:5.
 
 1980 - Implementation of the industrial licence for 34,760
 additional
             spindles at Dewas unit was taken up during the year, and
 17,824
             spindles were installed till the end of the year.
 
 1981 - Govt.'s approval was received for modernisation and
 replacement
             programme of the Textile Division which includes import
 of 104
             Sulzer looms for Prabhadevi unit. 
      
          - The Company received letters of intent for the manufacture
 of
             3,300 tonnes per annum of methyl chloroform 1.1.1
             trichloroethane, 200 tonnes per annum of dichloro diethyl
 ether
             and 10,000 tonnes per annum of stable bleaching powder.
 
           - The Company issued 2,00,000-13.5% secured convertible
 bonds of
             Rs.500 each on rights basis in the ratio of 2 bonds for
 every 5
             No. of equity shares.  40% of the face value (i.e.
 Rs.200) will
             be converted into 1 equity share of Rs.100 each issued at
 a
             premium of Rs.100 on 30th June, 1984.  The balance amount
 of
             Rs.300 per Bond will be repaid in 5 equal annual
 instalments of
             Rs.60 each from the end of 8th year from the date of
 allotment of
             Bonds viz., 1st October, 1982.
 
           - Authorised capital reclassified 2,58,729 bonus equity
 shares
             issued in prop. 2:5.
 
 1982 - The Company's operations were adversely affected during the
 first
              half of the period due to the textile strike in Mumbai
 and during
              the second half due to escalation in cost of production
 and acute
              recession in demand.
 
            - Despite the Textile Strike, the company continued to
 modernise
              its plant and machinery.  60 more Sulzer looms were
 installed
              together with the ancilliary machinery.
 
           - With a view to overcoming the power shortage, two diesel
              generating sets of 1200 KVA capacities were installed at
 Dewas.
 
           - To cope up with the rising costs of power, new and latest
 devices
              for controlling voltage and thereby power consumption
 were
              installed in De Mora cells.  
 
 1984 - De Mora cells resulted in a saving of about 400 units of
 power
              per tonne of caustic soda.
 
           - The Government of India approved the Company's proposal
 to set up
              a joint venture name `P.T. Standard Mills Industries'.
              `Indonesia' in collaboration with SLM-Maneklal
 Industries Ltd.,
              for the manufacture of cots and aprons for the textile
 industry
              and other rubber products in Indonesia.
 
           - Land, buildings and plant and machinery of the Company
 were
             revalued as on 31st December, and the net surplus arising
 out of
             this was credited to capital reserves.
 
            - Standard Salt Works Ltd., is a subsidiary of the
 Company.
 
            - 2,00,000 shares allotted (prem. Rs.106 per share) on
 30th June in
              part conversion of bonds.
 
 1985 - Production and sales of caustic soda was adversely affected
 due
              to stiff competition.  The offtake of chlorine was also
 partially
              affected due to reduction in offtake of this product by
 NOCIL.
 
           - The Company issued 30,000-15% secured non-convertible
 bonds of
              Rs.1,000 each.  These bonds are redeemable at a premium
 of 5% on
              the expiry of 7th, 8th and 9th year from the date of
 allotment
              viz., 23rd September, in three equal instalments of
 Rs.350 each,
              with the inclusion of premium amount in the first
 instalment.
 
 1986 - Sales and production of chlorosol declined due to the
              availability of imported trichlorethylene at lower
 prices in the
              market.
 
 1987 - As a measure of rationalisation, 160 unremunerative ordinary
              looms were scrapped in one of the Ruti-C looms of wider
 width
              for export production.
 
           - The Company's R & D department manufactured and supplied
              vinyldene chloride to BASF India Ltd.
 
            - A letter of intent was received for the manufacture of
 150
              million disposable syringes and 300 million hypodermic
 needles.
 
 1988 - The Company installed 83 new Ruti-C looms of wider width for
              export production.
 
           - An application was submitted to manufacture alkali
 alcoholates
             within the licensed capacity of caustic soda/caustic
 potash.
 
 1989 - The Company decided to conduct the business of the textile
              division of the Shanudeep, Ltd. (Formerly, Surat Cottron
 Spg. &
              Wvg. Mills Ltd.), comprising of 48 Sulzer looms, 126
 Ruti-C type
               looms and 72 wider width Ruti-B type looms, from 1st
 April.
 
            - The Shanudeep, Ltd. has a modern spinning plant with
 30,000
               spindles with the latest preparatory machines for
 weaving.  The
               agreement was for a period of 3 years ending 31st March
 1992. 
               Subsequently, the agreement was extended for another
 two years
                from 1st April 1992.
 
             - The Company proposed to go ahead with the conversion of
 Uhde
               mercury cells into membrane cells in about two years
 time.  The
               Udhe mercury cell plant was replaced by a new membrane
 cell
               plant.
 
           - The name of the company was changed from The Standard
 Mills Co.
              Ltd. to `Standard Industries Ltd.' during the year.
 
 1991 - Upward trend in the prices of cotton and raw materials
 coupled
              with overall increase in power and labour charges
 adversely
              affected the profitability of Textile division.
 
            - It was proposed to install 72 air jet looms for export. 
 It was
              also proposed to install open end spinning, machines,
 some
              processing equipments and modernise the existing
 spindleage.
 
           - 44,22,212 bonus equity shares issued in prop. 2:5.
 
 1992 - Two autoconers one at Sewree and the other at Dewsas unit was
              installed.
 
           - Mafatlal Apprael Manufacturing Co. Ltd., a 100%
 subsidiary of the
             Company was amalgamated with the Company with effect from
 1st
             April.
 
           - The Company offered during September, 32,50,325-17.5%
 secured
              redeemable partly convertible debentures of Rs.100 each
              aggregating Rs.32.50 crores.  Out of the total issue,
 30,95,548
              debentures were offered and allotted to the equity
 shareholders
              in the ratio of 1 debentures for every 5 equity shares
 held and
              the balance 1,54,777 debentures were offered and
 allotted to the
              employees (including working directors)/workers of the
 Company.
 
           - A portion of Rs.50 of each debenture (part-A) was to be
             automatically and compulsorily converted into one fully
 paid
             equity share of Rs.10 at a premium of Rs.40 per share at
 the end
             of 6 months from the date of allotment of the debentures.
  The
             non-convertible portion of Rs.50 (part-B) of each
 debentures
             would be redeemed at par in 4 equal instalments of
 Rs.12.50 each,
             at the expiry of the 5th, 6th, 7th and 8th years from the
 date of
             allotment of the debentures.
 
           - In order to meet long term working capital requirements,
 the
             company issued during March, 90,000-9% secured
 non-convertible
             debentures of Rs.1000 each aggregating Rs.9 crores on
 private
             placement basis to UTI, LIC and GIC and its subsidiaries.
  These
             debentures are redeemable in 3 equal yearly instalments
 at the
             end of the 6th, 7th, and 8th years from the date of
 allotment of
             the debentures.
 
 1993 - Four Vouk draw frames, latest version in spinning technology
 was
              commissioned at Prabhadevi and one autoconer each was
 installed
              at Sewree and Prabhadevi unit.
 
            - All efforts were made to reduce the power consumption
 especially
              in the Electrolysis in both Be Nora and Uhude cell
 houses.
 
            - 32,50,325 shares allotted (prem. Rs.40 per share) in
 part
              conversion of 17.5% debentures.
 
 1994 - During the year, inorder to modernise and upgrade the quality
 of
              product-mix, the company commissioned 4 Auto-Coners
 Model AC-238,
              1 Two-For-One Twister and 4 Ring frames in the Mumbai
 units.
 
           - 93,64,034 bonus equity shares issued in prop. 1:2. 
 1,12,36,840
             No. of equity shares of Rs. 10 each were issued at a
 prem. of Rs.
             50 per share on Rights basis in prop. 2:5.
 
 1996 - The performance of the Chemicals division was affected due to
 the
              commissioning of a number of large sized caustic soda
 plants and
              the competition.
 
 1997 - The composite Textile Industry has been facing strains of
 inflationary
              pressures.
 
            - As empowered by the Shareholders at the last Annual
 General Meeting,
              the Company has sold its Dewas Unit, as a going concern
 for a total consideration
              of Rs. 17,43,75,000/- to S. Kumars Synfabs Limited.
 
            - Prabhadevi and Sewree Units of the Textile Division have
 obtained Certification from
               SGS Yarsley International Certification Services Ltd.
 for quality management system
               meeting the requirements of ISO 9002.
 
            - Due to prolonged strike by transporters in April, 1997,
 production had to be stopped
               for a week's time.
 
            - During the year under review, the Captive Power Plant
 which was commissioned in
              September, 1996, has since been running satisfactorily
 giving the rated capacity and
               performance after initial teething troubles.
 
            - The Company has helped the Polio eradication drive of
 the Government by
               providing about 300 Lunch packets to the campaign
 organised by Navi Mumbai
               Municipal Corporation.
 
 1999 - During the year the Company's Textile Unit at Surat was sold
 as a going
              concern to Patdi Commercial & Investments Limited.
 
            - The Company has executed an Agreement with National
 Securities Depository
               Limited for the dematerialisation of its Equity Shares
 in accordance with the provisions
               of the Depository Act of 1996.
 
 2000 - The Board has decided to issue, offer and allot by way of
 private placement
               to off-shore investors, including NRIs and OCBs, up to
 2,50,00,000 No. of equity
               shares of Rs 10 each at par of the company.
 
            - The Company has entered into an agreement with Rashtriya
 Mill Mazdoor Sangh,
               the statutorily recognised representative union, and
 has declared the Voluntary
               retirement Scheme for the workers of both Prabhadevi
 Textile Unit and Sewree
               Textile Unit at Mumbai, who are covered by the Bombay
 Industrial Relation Act, 1946.
 
             - The Company has installed new machines in the Process
 House and is striving to
                improve the per metre realisation of fabric.
 
 2010
 -Registered Office of the Company has been shifted To Plot No.4, TTC
 Industrial Area, Thane Belapur Road, PO Ghansoli, Navi Mumbai, Thane
 - 400 701.
 
 2011
 
 -Company has recommended a dividend of Re. 0.75 per equity share of
 Rs. 5/- each.
 -Company have been appointed K J Pardiwalla as an Additional
 Director, D H Parekh as an Additional Director as well as Whole Time
 Director of the Company.
 
 2012
 
 -Standard Industries has recommended a Dividend of Re. 0.75 on
 6,43,28,941 Equity Shares of Rs. 5/- each of the Company.
 
 2013
 
 -Company has recommended a Dividend of Re. 0.75 on 6,43,28,941 Equity
 Shares of Rs. 5/- each of the Company.
 
 2014
 
 -Company has recommended a Dividend of Re. 0.75 on 6,43,28,941 Equity
 Shares of Rs. 5/- each of the Company.