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મૈસૂર પેટ્રો કેમિકલ્સ > કંપનીનો ઈતિહાસ > Chemicals > કંપનીનો ઈતિહાસ ના મૈસૂર પેટ્રો કેમિકલ્સ - બીએસઈ: 506734, ઍનઍસઈ : MYSORPETRO

મૈસૂર પેટ્રો કેમિકલ્સ

બીએસઈ: 506734  |  ઍનઍસઈ : MYSORPETRO  |  ISIN: INE741A01011  |  Chemicals

કંપનીનો ઈતિહાસ - મૈસૂર પેટ્રો કેમિકલ્સ
YEAR                       EVENTS
 1969 - The company was incorporated on 9th June in Mysore.  The main
        objective of the company is to manufacture phthalic anhydride
 and
        plasticisers.
 
      - The Company entered into an agreement with Chemische Fabrik
        Von-Heyden GmbH, West Germany (Heyen) for the supply of
 know-how
        and catalyst for the manufacture of phthalic anhydride based
 on
        partial catalytic oxidation of orthoxylene.  They also agreed
 to
        guarnatee the performance.
 
      - The Company also entered into an agreement with Lurgir
        Mineraloeltechnik GmbH, West Germany (Lurgi) for supply of
 basic 
        engineering and special equipment for the battery limits
 plant
        from West Germany.
 
      - 50,440 shares allotted to promoters, etc.  3,12,780 shares
        allotted to Mysore State Industrial Investment & Development
        Corporation, Ltd. 2,99,780 shares allotted to directors of
        Shekhavati Investment Corporation Ltd. and their friends.
 
 1970 - The name of the Company was changed from Premier Petro
 Chemicals,
        Ltd., to the present one with effect from 3rd September.
 
 1973 - 40,000 Pref. and 6,37,000 shares offered at par to public in
 Dec.
 
 1978 - Karnataka State (Mysore State) Industrial Investment &
        Development Corporation, Ltd. (KSIDC), one of the promoters,
        transferred a major part of their equity shareholding in the
        Company to the co-promoters, Shekhavati Investment
 Corporation,
        Ltd. 
 
 1979 - Shares fully called-up.
 
 1981 - The company had received a letter of intent for increasing
 its
        licenced capacity from 6,000 metric tonnes to 12,000 metric
        tonnes per annum.
 
      - Forfeiture on 150 No. of equity shares annulled.  88,000 No.
 of
        Equity shares issued at par to financial institution on
        conversion of loan.
 
 1982 - The plant had to be shut down for nearly 45 days for carrying
 out
        the modernisation-cum-expansion programme.  At the time of
        recommissioning of the plant, the working was disturbed for
 about
        3 months and the plant operations could only be stabilished
        towards the middle of May 1983.
 
      - Forfeiture on 50 No. of equity shares annulled.
 
 1985 - Forfeiture annulled on 150 No. of equity shares in 1985-86, on
 25
        No. of equity shares in 1986-87 and on 225 No. of equity
 shares
        in 1987-88.
 
 1986 - An imported high pressure turbine and a new switch condensor
 were
        under installation.
 
 1987 - As a measure of diversification, an application was made for
 an
        industrial licence for the manufacture of 2,400 tonnes per
 annum
        of maleic anhydride.
 
 1988 - The company promoted a new company IG Petrochemicals Ltd
 (IGPL)
        as a 100% export oriented project at MIDC, Taloja, for
        manufacture of 45,000 TPA of Phthalic anhydride.
 
      - In order to augment its working capital resources, the
 company
        issued by private placement 14% non-convertible debentures. 
        These debentures were allotted on 12th February.
 
      - Forfeiture on 175 No. of equity shares annulled. 9.5% Pref.
        shares redeemed.
 
 1989 - Effective 1st July, Napro Synthetic, Ltd., was amalgamated
 with
        the Company as per approval received from the High Courts of
        Karnataka and Gujarat.  This was with a view to manufacture 
        synthetic industrial diamonds.
 
      - Forfeiture on 375 No. of equity shares annulled.
 
 1990 - This improved performance was achieved despite prices of raw
        materials, orthoxylene shooting up to uprecedented levels and
        with interruption of shipment on account of Gulf war.
 
      - During February, the Company offered 17,25,000-14% secured
        redeemable partly convertible debentures of Rs. 75 each on
 Rights
        basis in the proportion 5 debentures : 4 equity shares held. 
        Additional 2,39,475 debentures were allotted to retain
        oversubscription.
 
      - Simultaneously another 86,250 debentures were offered to
        employees on an equitable basis (only 150 debs. taken up). 
 Out
        of the remaining debentures, 33,333 debentures allotted to
 ICICI
        and 30,000 debentures to BOI Finance Ltd. Information
 pertaining
        to unsubscribed portion of 22,767 debentures was not
 available.
 
      - Rs. 40 of the face value of each debenture was converted into
 1
        equity shares of Rs. 10 each at a premium of Rs. 30 per share
 on
        21st June 1990.  Accordingly, 20,27,955 shares were allotted.
 
      - Rs. 35 of the face value of each debenture was to be redeemed
 in
        annual instalments of Rs. 12, Rs. 12 and Rs. 11 at the expiry
 of
        7th, 8th and 9th year respectively from the date of allotment
 of
        the debentures.
 
 2007
 
 -The Company has designated a separate E-mail ID i.e.
 mpcl.complaints@igpetro.com for the purpose of receiving complaints
 from the investors directly & redressel thereof.
 
 -The Company has repaid all the outstanding debts of the Financial
 Institutions and Banks and has become a debt free Company.
 
 2008
 
 -The Company has recommended dividend of 10% equity shares of the
 Company.
 
 -The Company appointed Mr. M M Dhanuka as the Managing Director of
 the Company
 
 2014
 - Mysore Petro Chemicals Ltd has recommended a dividend @15% i.e. Rs.
 1.50 per equity share of Rs. 10/- each.
 
 2015
 -Company has through its wholly owned subsidiary IGPL (FZE) entered
 into a JV with M/s Dubai Natural Gas Company Ltd.
 
સ્તોત્ર: રેલીગેર ટેકનોવા


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