Stylam Industries Ltd.

Golden Laminates Limited (hereinafter referred to as the 'Company')
 was incorporated on 28th October, 1991 as a Private Limited Company
 under the Companies Act, 1956 and was converted into a Public Limited
 Company in terms of Special Resolution passed on 12.10.1992 and
 obtained fresh
 certificate of incorporation consequent on change of name issued by
 the Registrar of Companies, Jalandhar on 22nd October, 1992, to carry
 on the activities as detailed in the main objects of the Memorandum of
 Association of the Company under the caption 'Main Objects of the
 Company'.
 
 MAIN OBJECTS OF THE COMPANY
 
 The main objects of the company as set out in the Memorandum and
 Articles of Association of the company are as follows :
 
 1. To manufacture buy or sell, Import, export or sell and carry on
 the business of all kinds, Decorative and Industrial Boards, Sheets,
 Sunmica, wood, pannels, vaneered and unvenered adhisives, straw
 products, flush doors and furniture and all kinds of timber, glas and
 other articles, things and other ingredients which can conveniently be
 used further for manufacture of or in connection with all other
 articles and things as aforesaid. 
 
 2. To carry the business of manufacturers, processors, refiners,
 makers, convertors, importers, exporters, merchants, buyers, sellers
 and dealers in all kinds and forms of Board, Sheets, Paper, Sunmica,
 Paper moulded
 products, plastic moulded products, including sheets, boxes, trays,
 containers. 
 
 3. To carry on the business of manufacturers, moulders, sellers,
 repairers, importers, exporters, of sunmica, Laminates, Board, Trays,
 P.V.C. bakelite, fibre, glass etc. 
 
 4. To carry on the business of all types of contractors, engineers,
 planners, designers & moulders. 
 
 PRESENT BUSINESS OF THE COMPANY
 
 The laminate industry started in India by Caprihans Limited, Bakelite
 Hylam and Formica. These companies introduced the laminated sheets
 with brand names such as Sunglass, Decolam/Decolite and Formica.  The
 laminated sheets have applications in the Furniture, office and
 homes. Over a period of 50 years, the decorative laminates industry
 has grown from these three main manufacturers to about 30
 manufacturers all over the country. There are about seven to nine
 manufacturers in the industry who are catering to the needs of the
 higher segments with
 thicknesses of 1.0 m.m. and above. The profitability in case of
 higher thickness laminates is excellent as compared to lower
 thicknesses. The critical area of the industry is the product designs
 and thicknesses offered by the companies.
 
 The Company implemented the Phase I with a limited capacity to
 manufacture mixed laminated sheets with size ranging from 0.6 mm to
 1.0 mm. After utilising the capacity of 53.7% of Phase I, the company
 plans to enter into the higher segment market with a large product mix
 and to
 launch its product on all India basis. The Company has already
 established its brand name of STYLAM in the states of Punjab,
 Haryana, U.P., J & K and Delhi and are expanding capacity to meet the
 growing domestic demand on All India basis and the export needs. The
 Company is importing the latest sophisticated moulds with state of
 art technology
 from France and West Germany to launch its premium product mix in the
 market and to cater to the growing export needs.  Hence to complete
 and to launch its product on all India basis, the Company has good
 growing potential in the Industry.
 
 The Company estimated to complete the implementation of Phase I by
 December 1992. The total expenditure for the implementation of Phase
 I was estimated at Rs.326.26 lacs.  The Company completed Phase I and
 commenced commercial production on 5th December, 1992. The Company
 actually incurred Rs.368.07 lacs against the original estimates of
 Rs.326.26 lacs and thus incurred a cost overrun of Rs.41.81 lacs
 which was met by raising term loan of Rs.26.55 lacs from State Bank
 of Patiala and additional equity of Rs.15.26 lacs. However, there was
 no time overrun. 
 
 The Company in its present Phase-I of operation is engaged in
 manufacture of decorative and industrial laminates with capacity of
 3,02,400 sheets per annum in its Factory which is situated at
 Industrial Area, Phase I, Panchkula, District Ambala, Haryana. Now
 the Company proposes to enhance the capacity by adding Phase II with
 installed
 capacity of 7,14,000 sheets of Industrial/Decorative Laminates per
 annum. The total installed capacity of Plant will be 10,16,400 sheets
 per annum after implementation of Phase II.
 
 2009
 
 -Golden Laminates has been awarded First Prize by the Renewable
 Energy Department & HAREDA (State Designated Agency for Energy
 Conservation Activities) for the excellence in Energy Conservation in
 L.T. consumer's category for the year 2008-09
 
 2010
 
 -Company has changed its name from Golden Laminates Ltd. to Stylam
 Industries Ltd.       
 
 -Stylam Industries has reommended dividend @ 7.5% 
 
 2012
 -Nitika Sharma has joined as Company Secretary and Compliance Officer
 of the Company.
 
 2014
 -Ms. Sonia Arora has been appointed as Company Secretary cum
 Compliance Officer of the Company.     
                                                      
 2015
 -Stylam Industries rolls out operations in Gujarat.
 
 2019
 -Amalgamation between Golden Chem-Tech Limited with Stylam Industries
 Limited.
 
 2021
 -The Company has splits its face value from Rs. 10/- to Rs. 5/-.