Super Syncotex (India) Ltd. कंपनी का इतिहास और वार्षिक वृद्धि विवरण

YEAR EVENTS
1981 - The company was incorporated on 20th February. The company was
promoted as a joint venture by Rajasthan State Industrial
Development & Investment Corporation, Ltd. and three
entrepreneurs viz., Bheem Singh Sacheti, Nathmal Hirawat and
Virendra Singh Sancheti (co-promoters). The main objective of
the company is to manufacture of cotton and synthetic blended
fabrics.

1983 - 4,35,000 shares allotted to promoters, etc. 4,60,000 shares taken
up by RIICO and 75,000 shares subscribed for by V.S. Sancheti
(Co-promoter). 19,80,000 shares then issued at par of which
2,30,000 shares were reserved and allotted to RIICO. The
balance 17,50,000 shares were offered to the public in August.

1987 - During the Company was able to maintain its turnover despite a
strike for 4 months from July to October at its plant. This was
possible mainly due to manufacture of value added yarn and
development of new varieties of fancy yarn.

1993 - The Company undertook an expansion project to increase the number
of spindles to 28,064 nos. for which the Company undertook to
part finance the project through rights-cum-public.

1994 - During September the Company issued 17,70,000 Rights Equity
shares (Prop. 3:5, Prem. Rs. 15 per share). Another 22,80,000
shares were issued at a premium of Rs. 15 per share through a
prospectus as follows:

- (i) 2,50,000 shares to promoters, their friends;

- (ii) 2,00,000 shares to SBI Mutual Fund on firm basis,

- (iii) 1,80,000 shares to employees on a preferential basis.
(only 1,76,000 shares taken up).

- Balance 16,50,000 shares along with 4,000 shares not taken up by
employees were issued to the public (all were taken up).

1995 - 40,50,000 shares allotted through Rights and Public Issue.

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