YEAR EVENTS 1965 - The Comp. was incorporated on 9th December 1965 as a private limited Comp. & was subsequently converted into a public limited Comp. on 25th September 1989.
- The Comp. was promoted by a team of professionals comprising late Mr Narayan L Shetty, Mr Sadanand A Shetty, Mr Subbaya C shetty & Mr S Krishnadas Shetty.
1977 - The Rubber Products Pvt Ltd became a medium scale unit, registered with the DGTD in February & also received a recognition from the Ministry of Science and Technology, Government of India for its R and D unit, in October, 1982.
- The Rubber Products Ltd is engaged in the manufacture of various rubber goods, that cater to the needs of wide range of industries. The broad product categories manufactured by Comp. are hose pipes, rubber sheet, moulded rubber items, extruded rubber products & coated fabrics.
- The Comp. has a subsidiary, namely Rubber Products International [Indias] Pvt Ltd [RPIILs]. RPIIL is engaged in export trading in rubber & related goods. RPIIL is also engaged in the export of goods manufactured by RPL against orders.
1992 - A new Comp. under the name & style 'Rubber Products International [Indias] Private Limited' was promoted as a subsidiary for trading export business.
1994 - During the year under review the Comp. issued 12,00,000 No. of Equity Shares by way of Bonus Shares in the ratio of 3:1. With this issue of Bonus Shares, the paid up Equity Share Capital of the Comp. increased from Rs. 40 lacs to Rs. 160 lacs.
- The Comp. has made a public issue of 20,00,000 No. of Equity Shares of Rs. 10/- each for cash at a premium of Rs. 20/- per share in April in addition to 4,00,000 Equity Shares reserved, for Promoters for preferential allotment.
- The aggregate amount so raised would be Rs. 720 lacs representing Share Capital of Rs. 240 lacs & Share Premium Account of Rs. 480 lacs.
- The Comp. has developed product from hypolon polymer like silicon & viton.
1995 - During the year under report, as part of expansion and modernisation programme, the Comp. has installed some more items of machinery & equipments.
- As part of expansion programme, the Comp. proposes to manufacture flooring sheets in continuous length.
1996 - During the current year, the Comp. has effected shipments to Australia.
- The Linatex Division has developed highly abrasion resistant moulded components for slurry pumps.
1997 - The Comp. has set its sights on buying up rubber plantations in Kalimantan in Indonesia, having recently abandoned a $40 million joint venture with the Vietnamese military to set up a 30,000-hectare rubber plantation in the country.
Harrisons Malayalam & the Vietnamese military had signed a memorandum of understanding for a 60 per cent stake in the joint venture in June.
- The Comp. has installed one imported Rotocure machine which was commissioned on 26th September. The production capacity has increased which will reflect in additional export in the years ahead.
- On acquiring Rs 25 lakhs shares the `Cosmos' became subsidiary of the Company. Cosmos became Public Comp. under Section 43A of the Companies Act, 1956.
1998 - The Comp. has been accredited with ISO 9002 certificate by Det Norske Veritas - Netherlands during the year.
- The Comp. is exploring the possibility of diversifying into activities in related items viz development of Rubber to metal bonded items etc.
- The Board has also evolved a scheme for the revival/rehabilitation of sick industrial co-operatives through share capital participation to the extent of Rs.2 lakhs, subject to the fulfillment of certain special conditions.
1999 - The Comp. is emphasizing on expanding export market. The Comp. has also developed extrusion capacity to cater to the Export needs.
- 15,10,020 Shares of Rs. 10/- each allotted as fully paid up Bonus Shares by capitalisation of General Reserve.
2000 - The Comp. has decided, subject to necessary approvals, to merge the subsidiary company, Rubber Products International [Indias] limited with the holding company.
2003-Delisting of shares from Ahmedabad, Bangalore & Delhi Stock Exchange
2007
-Rubber Products Ltd has informed that the Company directorate has changed due to the sad demise of Chairman Mr. Sadanand A Shetty on February 23, 2007.