| YEAR EVENTS 1990 - The Company was Incorporated on 29th October, 1990 as a private limited company and became public limited on 29th April 1992. The Company has been promoted by Shri P. Srinivas Reddy, Shri Neelam Jayanth Reddy and Shri Loka Manohar Reddy for manufacturing granite tiles. - The Company's main object is to process granite and manufacture granite tiles. 1993 - The Company came out with a public issue of Rs.10 each at par aggreegating Rs.6.37 crores to part finance its expansion of tiles capacity from 43158 sq. mtrs. to 81600 sq. mtrs. per annum. - 21,30,000 No. of equity shares of Rs.10 each allotted to promoters and Directors and 63,70,000 No. of equity shares of Rs.10 each for cash at par allotted to the NRIs, Mutual Funds and general public through public issue. |
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