YEAR EVENTS 1987 - The Comp. was originally incorporated as private limited Comp. on 21st July. It was converted into a public limited Comp. on 1st May, 1992. It was promoted by D. Bir.
- The Comp. acquired an shipbuilding activities located in the Gulf of Cambay, 18 miles from Bhavnagar city.
1994 - 22,54,140 No. of equity shares allotted to promoters, directors, etc. 7,51,500 No. of equity shares offered for sale to the public at a premium of Rs 30 per share [all were taken ups].
1995 - During December 1995 - January 1996, the Comp. offered 90,16,920 Rights equity shares of Rs 10 each for cash at a prem. of Rs 26 per share in propn. 3:2.
- 30,05,640 Bonus shares issued in prop. 1:1.
- The Comp. proposes to expand its present ship repair capacity, which is limited to ships upto 4000 DWT, by setting tip a modern ship repair facility comprising of ship lift system, to cater to the size of ships upto 10000 DWT alongwith special ship repair equipments, services & allied facilities for comprehensive dry docking & repair or ships.
- The ship lift system would be introduced for first time in India by Company, because of cost effectiveness & site friendliness of such system over the prevailing systems.
1996 - The Board had allotted 3005640 Bonus Shares in the ratio of 1 for 1 on 1st December, 1995.
1997 - 2000 - No news in Report Generator.