Navneet Publication [Indias] Ltd.

Indian Stock Market

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History of Navneet Publication [Indias] Ltd.

- The Comp. was incorported on 18th September, & obtained the Certificate of Commencement of Business on 12th October, 1984. It was promoted by Jaisinh Kanji Sampat, Chatrabhuj Kanji Sampat & Dilip Chatrabhuj Sampat.

- The Comp. carry on business as printers, publishers of educati books, newspapers, journals, etc. A new printing press was set up at Dantali in Gujarat incorporating latest printing technology and performing varied production functions like printing, binding, etc.

- 70 No. of equity shares subscribed for by Signatories to the Memorandum of Association. 4,99,930 No. of equity shares then issued at par of which 1,99,930 shares were reserved & allotted to promoters, directors, friends, etc. The remaining 3,00,000 shares were offered for public subscription during November 1984 [all were taken ups].

1986

- 12,00,000 Rights equity shares were offered at par in prop. 12:5 during January 1987 [all were taken ups].

1991

- The Comp. has changed its name from Bookwing Publications and Trading Co. limited to Navneet Publications [Indias] limited with effect from 22nd November.

1992

- The Comp. has set up export division to export paper stationery products during the year.

- The Comp. installed computerised weighing system to check the wastage & effect corrective actions. One photo type setting machine, imported from USA was installed.

- The Comp. has entered into agreement with the publishers, acquiring licence to publish more than 2000 titles.

1993

- The Comp. was successfully implemented its expansion-cum-diversification project. The Comp. is setting up an additional unit at Daman for manufacturing paper stationery items and educational books involving a total project outlay of Rs 700 lakhs.

- 15,00,000 shares allotted at par to publishers & their nominees. 15,52,400 shares issued to public [prem. Rs 50 per shares] through prospectus.

1994

- 16,00,000 No. of Equity shares of Rs 10 each at a premium of Rs 10 per share allotted on conversion of Fully Convertible Debentures.

- The Comp. is setting up an additional unit at Daman for manufacturing paper stationery items & educational books1.

- The Comp. has installed 4 Wind Electric Generators.

1995

- 31,76,200 No. of equity shares allotted as bonus shares in the ratio of 1:2.

- The Comp. also installed a state-of-the-art `Notebook-On-Line' machine, in the year, at Daman.

1997

- The Comp. had signed the agreement with the National security Depository limited [NSDLs]

1998

- CRISIL has re-assigned its highest rating of P1+ [pronounced as P one pluss] for commercial paper programme of company, indicating highest safety.

1999

- The Comp. was selected to receive the Analyst Award 1999 from the Institute of Chartered Financial Analysts of India.

- The Comp. has acquired three registered trademarks Navneet, Vikas and Gala from three partnership firms.

- The Comp. has decided to open the chain book stores throughout the country & has made a foray into electronic publishing with the launch of their first interactive CD-Rom, titled `The World of Talking Pictures'.

2000

- The Comp. has set up a new business unit of electronic publishing, to keep pace with technology.

- The P1+ rating assigned to the CP issue of Comp. has been reaffirmed by Crisil.

- Navneet Publication [Indias] Ltd., has tied up with the Singapore Tourism Board [STBs] to celebrate the Millenniamania, a series of events and festivals.

- The Comp. has acquired 100 per cent equity shares of Navneet Edutauinment limited Accordingly, Navneet Edutainment Ltd has become 100 per cent subsidiary of company.

- The Comp. has been allotted 49,98,500 No. of equity shares of Rs 10/- each [Rs. 3/- per share paid-ups] of Navneet Edutainment Limited, a wholly owned subsidiary of company

2001

- The Comp. has introduced another book in its ongoing series, A Vision of India.

- Navneet Edutainment Ltd., a wholly-owned subsidiary of company, allotted 1,50,000 No. of equity shares of Rs 10 each to Nilesh S., Shah, Management Consultants, on March 29, 2001

2002

-Commences Commercial Production at Silvassa unit II of company, for manufacturing of range of stationary products.

2003

-The members approves the delisting of equity shares of Comp. from the Ahmedabad stock exchange & Saurashtra Kutch Stock Exchange Ltd.

2004

-Equity shares delisted from Ahmedabad Stock Exchange

2005

-Delists securities from the Saurashtra Kutch Stock Exchange Ltd w.e.f. March 31, 2005.

2007

-Navneet Publications limited has appointed Mr. Amit D. Buch has as the Comp. Secretary & Compliance Officer of Comp. w.e.f. 4th June 2007.











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