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History of Himadri Chemicals and Industries Ltd.

Date of incorporation:

The Comp. was incorporated on 28.07.1987 as a private limited Comp. as Himadri Castings Pvt limited

Promoters,Holding Comp. & Management:

The Comp. is promoted & managed by Choudhary group.They are Mr D P Choudhary, Mr S S Choudhary, Mr B L Choudhary, Mr V K Choudhary, Mr M L Jalan, Mr R N Jhunjhunwala & Mr G S Biyani.

Activities:

The activities of Comp. mainly involves the production of Coal Tar,Soft Pitch, Crude Napthaline,and other related oils.

Events:

In 1990 the promoters decided to set up a Coal Tar Distillation Unit at Liluah-Howrah, West Bengal, the commercial production of which commenced in December 1990.The capacity of this plant was 4800 MTs. The name of Comp. was changed to Himadri Chemicals and Industries Pvt Ltd on 20.11.1991 which was later converted to a public limited Comp. on 27.11.1991. The initial capacity of plant was increased to 7200 MTs during this year. During 1992-93 the Comp. also made a public issue of Rs 30,000,000. This issue was opened on 11.11.1993.This was done to finance the expansion plan to increase the capacity to 12,000 MTs per annum from 7200 MTs per annum.This plant commenced the commercial production in the last week of September 1993. In March 1994 the Comp. also made a rights offer of 4984000 share at a premium of Rs 5 amounting to Rs 747.66 lakhs. This Comp. doesn't have any collaborations.

Subsidiary: The Comp. doesn't have any subsidiary.

2004

-Delists shares from Ahmedabad Stock Exchange