YEAR EVENTS
1981 - The Comp. was incorporated on May & obtained the Certificate
of Commencement of business on 12th June. It was promoted by
K.K. Jhunjhunwala. The company object is to manufacture of
kraft paper.
- The Comp. set up a plant for manufacture of kraft paper with a
capacity of 1940 TPA. The capacity of unit was increased to
4000 TPA with financial assistance from PKUP & VPFC.
1991 - The Comp. set up a Unit No.II with an installed capacity of
6000 TPA poster paper.
1994 - 12,78,000 No. of equity shares of Rs.10 each issued, subscribed
& paid-up. 22,50,000 No. of equity shares of Rs.10 each were
issued at a prem. of Rs.10 per share of which 67,500 shares were
issued to the employees on preferential basis [only 29,200 shares
were taken ups]. Balance 12,82,500 No. of equity shares along
with 38,300 shares not taken up by employees were issued to the
public. Additional 3,37,500 shares were allotted to retain
over-subscription [3,000 - 11% preference shares were redeemed on
10th September 1991 & 30,000 No. of equity shares of Rs.10 each
were allotted in lieu thereof.
1996 - Performance was affected due to adverse market conditions and
vagaries of power supply.
- Co-generation unit started giving problems & developed
technical snags. The Comp. has put an amount of Rs.31.07 lacs
for additional balancing equipments to overcome the aforesaid
snags.
- The Comp. entered into a tie up with M/s. Indace Ltd., U.K. for
technology & design & for executing the project. In India,
Indace limited provided the consultancy to Nath Pulp & Paper Mills
limited In return for services rendered, the Comp. was to pay
the collaborators U.K. Pound Sterling 35,000.
1997 - Turnover declined marginally to Rs.16.78 crores due to sluggish
market conditions.
- The Comp. undertook to set up facilities for manufacture of 30
TPD bagasse/hessian based pulp & to increase the capacity of
MG paper machine No.2 from 6000 TPD to 10,000 TPA with facilities
to manufacture lower grammage kraft paper to facilitate lower
grammage [26 GSM to 33 GSMs] kraft paper plant & machinery
comprising bagasse depther conveyors, digesters, washers etc.
were to be installed.
- Comp. has allotted Equity Warrants of Rs.300 lakhs to promoters
& their associates.
2002-Mr A R Nighoskar resigns from Directorhip of Yash Papers.
2005
-Delist equity shares from the Ahemedabad Stock Exchange [ASEs] with effect from January 28, 2005.
-Yash Papers Ltd has informed that issue of 1,68,00,000 Equity Shares of Rs 10/- each for cash at premium of Rs 4/- per equity share aggregating to Rs 2352 lacs by Comp. through prospectus will open on June 30, 2005 and will close on July 08, 2005.
2007
- Yash Papers Ltd has appointed Mr. Basant Kumar Khaitan & Mr. Ramesh Narayan as Additional Director.
- Yash Papers Ltd has informed that the Board of Directors of Comp. at its meeting held on June 30, 2007, has appointed Mr. K D Pudamjee as Additional Director.
