| YEAR EVENTS The company was incorporated at Bihar in the year 1937. The main object of the Company is to manufacture diary products like skimmed milk powder and ghee. It also runs a trading unit which deals in peanut candy, mustard oil and crash helmets. The dairy products are sold under the trade name "SAPAN".All shares issued for cash. Till 1951, paid-up capital changed from year to year. 1954 - Share capital reorganised. Paid-up capital reduced from Rs. 150,21,337.50 to 150,00,000 by refunding Rs. 21,377.50 1964 - The Company owned two factories in Pakistan, at Karachi and at Dandot (West Punjab), having an annual capacity of about 3,000 tones. The Company manufactured refractories at the Dandot Factory. A transaction was concluded on 30th September. 1967 - With effect from 1st September, the Company obtained a lease of the stoneware pipe and reinforced cement concrete pipe manufacturing plants from Dalmia Cement (Bharat), Ltd., located at Dalmiapuram. The business was to be carried on under the name and style of "Dalmia Ceramic Industries". - The Company was also appointed sales Manager for the sale and distribution of refractories manufactured by the Dalmia Cement (Bharat), Ltd. - The Company decided to put up a plant at Bharatpur (Rajasthan) for the manufacture of skimmed milk powder and ghee. 1969 - With effect from 1st February, the Company took over on lease the refractory plant of Dalmia Cement (Bharat), Ltd., at Dalmiapuram. The arrangement with Dalmia Cement (Bharath), Ltd. under which the Company was acting as `Sales Manager' for the sale of refractories was terminated. - Owing to delay in supply of machinery and equipment by suppliers and also in the construction of buildings by the contractors, the commissioning of the plant was delayed. 1973 - Capital reduced pursuant to Chennai High Court order dated 23rd August 1974 by setting off Rs 1.44 crores against losses. All shares held by Dalmia Cement (Bharat) Ltd. - Leases of all these three sections were terminated by the parent company with effect from 1st October. Since that date this business was taken over by Dalmia Ceramic Industries, Ltd., another wholly owned subsidiary of Dalmia Cement (Bharath), Ltd. 1974 - 2,40,000 shares offered to members of Dalmia Cement (Bharat) Ltd., only 1,13,640 shares taken up. The balance 1,26,360 shares offered to public. 1975 - The name of the Company was changed from Dalmia Cement Ltd., to Dalmia Dairy Industries, Ltd., with effect from 6th of March. - The Company ceased to be a subsidiary of Dalmia Cement (Bharat), Ltd., with effect from 31st January. - Along with the public issue of equity shares during the year, one of the existing shareholders offered for sale at par 21,000 No. of equity shares of Rs 10 each to the public in order to meet the listing requirements of the stock exchanges. 1977 - Shares fully called up. 100 shares forfeited. 2,99,900 bonus shares then issued in prop. 1:1. 1985 - 4,00,000 bouns shares issued in prop. 2:3. 1988 - 5,00,000 bouns shares issued in prop. 1:2. 1989 - The name of the Company was changed from Dalmia Dairy Industries Ltd., to Dailmia Industries Ltd. 1990 - Sapan Dairy Special was relaunched in October which helped to achieve good growth in sales volume. The programms of modernisation was initiated at the Bharatpur factory. The Company was also engaged in an ongoing programme of modernisation and plant upgradation |
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