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એમએચ મિલ્સ એન્ડ ઇન્ડસ્ટ્રીઝ > કંપનીનો ઈતિહાસ > Textiles - Composite Mills > કંપનીનો ઈતિહાસ ના એમએચ મિલ્સ એન્ડ ઇન્ડસ્ટ્રીઝ - બીએસઈ: 514242, ઍનઍસઈ : N.A

એમએચ મિલ્સ એન્ડ ઇન્ડસ્ટ્રીઝ

બીએસઈ: 514242  |  ઍનઍસઈ : N.A  |  ISIN: INE698F01020  |  Textiles - Composite Mills

કંપનીનો ઈતિહાસ - એમએચ મિલ્સ એન્ડ ઇન્ડસ્ટ્રીઝ
YEAR                       EVENTS
 1932 - The Company was incorporated at Ahmedabad.
 
      - The company's objects is to manufacture cotton textile goods,
        Products manufactured are grey takas, sarees, dhoties,
 bleached
        poplins, longcloths, crepes, drills, twills, coatings,
 mosquito
        netting, dorias, printed poplins, chintz, mercerised lawns
 and
        poplins.  Counts ranging from 18/24s to 32/42s medium and
 18/24s
        to 42/50s fine are spun.  The cloth width ranges from 25 to
 54.
        The mills are equipped to perform bleaching, dyeing,
 calendering,
        Calico-printing, yarn dyeing and mercerising.
 
 1948 - 4,800 2nd Pref. shares issued as bonus in prop. 1 pref. 1
 equity.
 
 1949 - 800 Bonus equity shares issued in prop. 1:6 equity.
 
 1950 - 5,600 Bonus equity shares issued in prop. 1:1.  Equity shares
        consolidated into shares of Rs.200 each.
 
 1961 - Div. on 1st and 2nd Pref. shares raised to 6.43% and 5.74% 
        respectively subject to tax.
 
 1982 - The Maneklal Harilal Spg. & Mfg. Co., Ltd. was amalgamated
 with
        the company with effect from 1st January, and the name was
        subsequently changed to The Maneklal Harilal Mills, Ltd.
 
      - 4,303 No. of equity shares cancelled 48,000 No. of equity
 shares
        issued without payment in cash to members of the Maneklal
 Harilal
        Spg. and Mfg. Co. Ltd. on its merger.
 
 1983 - The company issued 2,00,000 - 15% secured non-convertible 
        debentures of Rs.100 each on `Rights basis' to the existing
        resident equity shareholders of the company.  These debentures
 
        were redeemed on 28th May 1991 at a prem. of 5% of the face
        value.
 
      - In February, the name of the company was changed from The
 Bihari
        Mills, Ltd. to The Maneklal Harilal Mills, Ltd.
 
 1985 - The company issued 1,50,000 - 15% secured redeemable
        non-convertible debentures of Rs.100 each to public financial
 
        institutions on private placement basis.  These debentures
 are
        redeemable on 2nd April, 1993 at a prem. of 5%.
 
 1988 - Equity shares subdivided.  All 2nd Pref. shares redeemed.
 
 1991 - The company issued non-convertible debentures aggregating
 Rs.400 
        lakhs to financial institution on private placement basis. 
 These
        debentures are redeemable in three annual instalments of
 Rs.135
        lakhs, Rs.130 lakhs and Rs.135 lakhs on 6.8.1997, 6.8.1998
 and
        6.8.1999 respectively at a prem of 5%, the prem. being payable
 on
        6.8.1998.
 
      - 39,437 Bonus equity shares allotted in prop. 2:5, in November
 
        Equity shares then further subdivided.
 
 1992 - During June, the company issued 13,80,310 - 14% fully
 convertible
        debentures of Rs.50 each on rights basis in the prop. of 1
        debenture : 1 equity share held.  All were taken up. 
 Additional
        2,07,046 debentures were allotted to retain oversubscription.
 
      - Another 69,014 - 14% fully convertible debentures of Rs.50
 each
        were offered to the employees.  Only 34,925 debentures were 
        taken up.  The unsubscribed portion was to be allotted
 privately.
 
      - Each debenture of Rs.50 was to be converted into one equity
 share
        of Rs.10 each at a prem. of Rs.40 per share on 25th February,
        1993.  Accordingly 16,22,281 No. of equity shares were
 allotted.
 
      - During March, 9,01,760 Rights Equity shares issued in prop.
 4:5
        (all were taken up).  Another 450 shares offered to employees
 on
        equitable basis (only 500 shares taken up).  Unsubscribed
 portion
        was allotted to lapse.
 
 1993 - The Company put up two wind turbines of 0.25 MW capacity each
 for
        the generation of electricity by non-conventional method at 
        village Lamba, district Jamnagar, Gujarat.  Also applied for 
        another land at village Dhank near Rajkot for more number of
 wind
        mills.
 
      - It was also proposed to put up a flexible packaging unit at
        Village Vasana - Lyava a notified backward area on Ahmedabad
        Viramgam high way when completed, the company would produce
        flexible plastics packaging material viz., packaging edible
 oil,
        vanaspati ghee, fruit juice, toiletaries etc.  Moreover a non
        woven fabrics project was to be set up by promoting a
 separate
        company.
 
      - A MOU was entered into with NWT of Italy.  It was also
 proposed 
        to enter the capital market in the near future.
 
 1994 - 11,11,452 shares allotted on conversion of part A of 14% PCD
 of 
        Rs 120 each.
 
 1995 - The company commissioned four wind turbines totalling 1.00 MW
        capacity for the generation of electricity by
 non-conventional
        method at village Lamba.
      
      - During March-April, the company offered 11,11,452 - 14%
 partly
        convertible debentures of Rs.120 each along with detachable
        warrants, on Rights basis in prop. 1 PCD : 3 equity shares
 held
        (all were taken up).
 
      - Part `A' of Rs.37.50 of the face value of Rs.10 each at a
 prem. 
        of Rs.27.50 per share after 6 months from the date of
 allotment.
 
      - Part `B' of Rs.37.50 was to be converted into one equity
 shares 
        of Rs.10 each at a prem. of Rs.27.50 per share after 18 months
 
        from the date of allotment of debentures.
 
      - Balance Part `C' of Rs.45 was to be redeemed at par at the
 end
        of 5th year from the date of allotment of debentures.
 
      - Each warrant entitles the holder to apply for 2 equity shares
 of
        Rs.10 each between twelve months and sixty months from the
 date
        of allotment of debentures.
 
 1996 - The name of the company was again changed to the present one
 from
        Maneklal Harilal Mills and Industries Ltd.
 
      - The Company proposed to modernise the existing facilities for
 the 
        manufacture of yarn and fabrics.
 
      - 11,11,452 shares allotted on conversion of part `B' of PCDs.
 
 2003
 
 -Company has Alloted  24161 Equity Share to IDBI Bank Ltd on
 preferential basis.
 
 2008
 -Company has created email id for the purpose of registering
 complaints by investors. cs@mhmill.com.
 
સ્તોત્ર: રેલીગેર ટેકનોવા


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