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History of V R Woodart Ltd.

The Comp. was incorporated as a Public Limited Comp. in the State of Kerala on 3.2.89 & obtained Certificate of Commencement of Business on 16.3.89.

With the help of term loans from ICICI & KSIDC, the Comp. started establishing a 100% EOU for manufacture of solid laminated boards out of rubberwood which is a substitute for rain forest timber thus helping in conserving our precious National rain forest wealth. The commercial production was started on 1st August, 1990. The company, the product & the technology being new, the promoters had a lot of hard work to do in respect of developing the right technology for treating & seasoning the rubberwood that would be acceptable in the international market; manufacturing the end products to cater to the quality conscious export market; marketing the products, which are new & produced using a new technology, penetrating the international market. Having established the unit, the Comp. went in for an expansion at a cost of Rs.264 lacs which was funded by a Public Issue in October 1992. The commercial production under expanded capacities started in January, 1993.

The Comp. is presently engaged in the manufacture & export of quality treated seasoned, finger-jointed, glue laminated boards.

2008

-VR Woodart Ltd has informed that Mr. Nitin Panchal has been appointed as Non-Executive, Independent Director on the Board of Comp. at the Board meeting held on April 09, 2008.