History of SRF Ltd.
1970
- The Comp. was incorporated on 9th January at New Delhi. It manufactures nylon - 6 tyres yarn & fabric & industrial yarns, shipping & leasing.
- The Comp. was promoted by Cloth & General Mills Comp. Limited, [DCMs].
- The Comp. entered into technical collaboration agreement with Chemtex Fibre Inc. U S A & Chemtex Engineering of India Limited Mumbai for basic engineering of Plant & detaled engineering respectively.
- The knowhow was obtained from Unitika Limited Japan through Chemtex, Fibres Inc. U S A. Shriram Bearings Limited & Shriram Needle Bearing Industries Limited became subsidiaries of Company.
1980
- The name of Comp. was changed from Shri Ram Fabrics Limited to SRF Limited with effect from 2nd May.
1993
- The Comp. is setting up a pilot plant for production of Halons.
1995
- SRF Overseas Limited was set up as a wholly owned subsidiary company in British Virgin Islands to implement the project for processing of Synthetic Industrial Yarn at United Arab Emirates; SRF Emirates Limited became a subsidiary during the year & is engaged in trading activities in Middle East.
1996
- SRF Overseas Limited set up in Jebel Ali Free Trade Zone for converting tyre yarn into tyrecord fabric commenced trial production in time.
- The performance of wholly owned trading subsidiaries i.e. SRF Americas Inc. SRF International [Emiratess] Limited & SRF International [BVIs] Limited.
1997
- The company plants at Manali & Viralimalai [T.N.s] obtained ISO 9000 certification during the year.
- The Company wholly owned subsidiary investment companies entered into an agreement with GE Capital [Mauritiuss] Investment Ltd. - The Company wholly owned subsidiary investment companies i.e. SRF Calgary Holdings Ltd., SRF Superior Holdings limited & SRF Promenade Holdings Ltd.
- SRF Overseas Ltd, Dubai, a wholly-owned subsidiary of SRF Ltd has recently received ISO 9002 certification from KPMG Peat Marwick LLP.
- SRF Ltd, setting up of joint venture with Paris-based Eassilor to market advanced ophthalmic lenses in the domestic market.
1998
- SRF Ltd has signed a joint venture agreement with Essilor International SA, the world leader in plastic ophthalmic lenses, to market advanced ophthalmic lenses in India.
- SRF Ltd has recently launched R-23, a hydrofluorocarbon [HFCs], through in-house development & has become the first manufacturer in the country.
- The Comp. has entered into technology agreement with Ms. Trelleborg Industri AB, Sweden, for Providing technology for manufacture of Dipped EP Belting Fabrics.
1999
- SRF Ltd has entered into a tie-up with Bharti BT, to inter-link its business operations on a WAN based on V-Sats.
- SRF & DuPont will set up a 50:50 joint venture to manufacture nylon yarn.
- SRF has launched an employee stock purchase scheme [ESPSs] for officers with more than three years of service.
2000
- The Comp. issued 28,43,600 equity shares to the employees under the ESPS at an issue price of Rs. 15 per share.
- NRB Bearings limited entered into an agreement with SRF Ltd & its associates to acquire its entire shareholding in Shriram Needle Bearing Industries Ltd [SNBLs].
- The Comp. has entered into an agreement with NRB Bearing limited for sale of 12,50,000 fully paid up equity shares of Rs. 10/- each of Shriram Needle Bearing limited acquired by Comp. under a scheme framed by BIFR.
- SRF Ltd., Arun Bharat Ram group company, has embarked on a major acquisition plan to emerge as the third-largest player in the world in the tyre cord market by 2004-05.
- The Comp. proposes to preferentially issue equity shares worth Rs 10.75 crores to E.I. DuPont de Nemours of US & E.I. DuPont India limited as part of deal to acquire DuPont Fibers Ltd.
- The Comp. appoint Mr. K. Ravichandra as Wholetime Director of the company.
- The Comp. issuance of equity shares in one or more tranches, up to a maximum of Rs. 12,33,635 No. of equity shares of Rs. 10 each by way of preferential allotment at a premium, provided the total consideration shall not be lower than Rs. 10.75 crores calculated at the issue price of Rs. 87.14 per share or the price computed in accordance with SEBI guidelines.
2001
- All shareholders of Rs 815.95-crore SRF Ltd are to receive one equity share of Rs 10 each of SRF Chemicals Ltd [SRFCLs], credited as fully paid-up, for every 10 shares of Rs 10 each of SRF held by them.
- The board of directors of SRF Ltd on July 27, approved a restructuring scheme that envisages the merger of Tyrecord Fabrics Ltd [TFLs], a 100 per cent subsidiary of SRF.
2002
- SRF Ltd has informed that Shri Arvind N. Lalbhai has resigned from the Board of Directors of Comp. with effect from January 09, 2002. This was noted by Board of Directors at their meeting held on January 24, 2002.
2002
- SRF Ltd has informed that Mr Bhiku Ram Jain & Mr J B Dadachanji have ceased to be Directors.Mr M V Subbiah, Mr Satish K Kaura, Mr Analjit Singh & Mr Vinayak Chatterji have been appointed as additional Directors on the Board.
2003
-Bharat Ram appointed as new CEO
-SRF Board approves sale of SRF Infotel
-Srf limited has informed that the shares of Comp. have been delisted from The Stock Exchange - Ahmedabad w.e.f. December 08, 2003.
2004
-Srf limited has informed that the Madras Stock Exchange limited has approved the delisting of equity shares of Comp. wef January 07, 2004.
--Srf Polymers limited [acquirers] has acquired 16,92,192 Equity Shares [2.62%s] of SRF Limited
- Medusind Solutions, healthcare business service provider, has acquired SRF Infotech, a healthcare outsourcing business of SRF Ltd, for Rs 3 crore.
- SRF granted patent by US Patent and Trademark Office
-Mr Arun Bharat Ram, Vice- Chairman & Senior Managing Director, SRF Ltd, has been elevated to the position of Chairman & Managing Director
2007
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