History of Rama Newsprint & Papers Ltd.
YEAR EVENTS 1991 - The Comp. was incorporated on July 10, under the Companies Act, 1956. The certificate of commencement of business was obtained on July 17. The Certificate of Registration for transfer of the company registered office to Gujarat was obtained on May 11, 1993.
- The Comp. is setting up a new industrial undertaking for the manufacture of 61,380 tonnes per annum [tpas] of newsprint, 40,000 tpa of writing & printing paper & 24,000 tpa of coated magazine paper.
1992 - The Comp. has signed Technical Licence Agreement with the foremost Newsprint manufacturer for most advanced De-inking Technology.
1995
-Rama Newsprint & Papers limited has taken up Rs. 415 crore expansion -cum -modernisation programme.
1999 - Rama Newsprint had entered into a technical collaboration with Garden State Paper Comp. Inc of New Jersey, USA, for providing the know-how for washing technology for de-inking old newsprint.
2000
-The Comp. has allotted 38,132,129 No. of equity shares to ICICI Ltd.
2002
-Manufactures operations at the mill have been suspended since July 18, 2002 from 6.00 p.m.
-Rama Newsprin has allotted 2867871equity shares to ICICI Bank
2003
-Company has received disclosure from ICICI Venture Funds Management Co. limited [fund manager for ICICI equity Funds] that they have acquired 11608300 equity shares aggregating to 9.81% of total paid-up capital of Comp. as on June 27, 2003.
-Mr. S Ramalingam has appointed as Nominee Director
- West Coast Papers Mills has entered into share purchase agreement with ICICI Bank Ltd & ICICI Trusteeship Services Ltd for purchase of 78750315 shares [33.85% of total paid up equitys] of Comp. @ Rs 5/- per share of face value of Rs 10/- each, subject to restructuring of Debt by Corporate Debt Restructuring Forum.
-West Coast Papers Mills Ltd has also entered into shareholders agreement with existing promoters of Comp. along with their associates concern, family members and friends in respect of 55136313 shares [23.70% of total paid up equity of companys] held by them.
- West Coast Paper Mills Ltd [acquirers] has on September 06, 2003 acquired 13,38,86,628 shares amounting to 57.55%.
- Mr. Parshottam Kukreja & Mr. Srichand S Agicha have resigned from the board.
-Mr. Vivek Raizada - Comp. Secretary has resigned from the Comp. w.e.f December 01, 2003.
2004
-Board has been restructured in the following manner;
[1s] Mr. Vastu J. Ramsinghani resigned as Managing Director & will continue to act as Director of Comp. .
[2s] Mr. S.C.Bhargava resigned as Whole-time Director.
[3s] Mr. C.U.Mangtani resigned as Whole-time Director.
[4s] Mr. S. K. Bangur appointed as a Director of Company.
[5s] Mr. Virendra Bangur appointed as a Director of Company.
[6s] Mr. V.D. Bajaj appointed as Executive Director of Company.
[7s] Mr. K. L. Chandak appointed as a Director of Company.
[8s] Mr. Mujib Mundewadi appointed as a Nominee Director of ICICI Bank Limited.
[9s] Mr. Haigreve Khaitan appointed as a Director of Company.
-The S K Bangur group chairman Shree Kumar Bangur, along with four other representatives of group, have joined the board of Rama Newsprint & Papers Ltd on Jan 9 following the acquisition of majority stake in the country largest private sector newsprint maker.
2004
-Sharehoders approve to delist shares from The Delhi Stock Exchange Association Ltd., The Calcutta Stock Exchange Association Ltd., Madras Stock Exchange Ltd., The Stock Exchange Ahmedabad & Vadodara Stock Exchange Ltd.
- Delists equity shares of Comp. from Vadodara Stock Exchange [VSEs] with effect from August 16, 2004
2005
-Delists securities from The Calcutta Stock Exchange Association ltd [CSEs], with effect from March 30, 2005.
2008
-Rama Newsprint and Papers Ltd has appointed Shri. S Doreswamy as an additional & independent director of Company.
