Century Enka Ltd
NSE: CENTENKA BSE: 500280
₹409.80
(-0.22%)
Wed, 11 Mar 2026, 11:56 pm
Market Cap8.97B
PE Ratio13.13
Dividend2.43
Process Industries
Chemicals: Specialty
24.5KCompany History
1965
- The company was incorporated on 17th November, at Calcutta.
- The company entered into collaboration with AKU and Glazstoff.
- An agreement was entered with N.V. Onderzoekings Institute Research, Arnhem (N.V. Research) for granting license to manufacture and sell nylon-6 textile and technical yarns and all other varieties thereof under their patent rights.
1967
- The company issued 1,34,000 No. of equity shares to directors, etc. and 47,250 No. of equity shares to collaborators.
- 68,750 No. Equity and 50,000 Pref. shares were offered to public in April 1967.
1974
- 1,25,000 bonus equity shares were issued in prop. 1:2.
1975
- The company received a letter of intent for the manufacture of 1,700 tonnes of engineering plastic polymer resins per annum.
1976
- 46,875 Right equity shares were issued (prop. 1:4; Prem. Rs 90) to resident Indians shareholders other than promoters.
1977
- 1,05,469 bonus equity shares were issued in prop. 1:4.
1980
- 2,63,672 Bonus Equity shares were issued in prop. 1:2.
1981
- A letter of intent was received to manufacture of 2,200 tonnes per annum of nylon industrial yarn and tyre cord.
- The electrical distribution system was modernised to cut down distribution losses and for better flexibility.
- Letters of intent were in hand for the manufacture of 1,700 tonnes per annum of tyre cord fabrics and for expanding the capacity of nylon and polyester industrial yarns and tyre cord to the extent of 12,000 tonnes per annum.
- 50,000 - 9 1/2% Pref. shares were redeemed.
1982
- 10,000 - 13 1/2% Pref. shares were issued.
- The rate of Pref. dividend was increased to 15% from 16.5.1984.
1983
- Some of the financial institutions in India and FMO of Holand agreed to grant the necessary foreign exchange for importing the capital goods for the expansion of nylon yarn capacity from 4,000 to 6,000 tonnes per annum.
- The industrial licence for polyester filament yarn which was 1,500 tonnes per annum was re-endorsed as 6,450 tonnes per annum.
1984
- 3,95,508 bonus shares were issued in the prop. 1:2.
1985
- Permission was received to expand further the capacity of nylon plant from 6,000 to 12,000 tonnes per annum and that of polyester filament yarn from 6,450 to 15,000 tonnes per annum.
1986
- The company obtained import licences and approval for basic engineering, for the expansion of the polyester plant.
- The Agreement in principle was reached with the collaborators, for manufacture of certain speciality chemicals, in technical collaboration with their group company Akzo Chemic.
- Approval was received for import of the State-of-the-art integrated process technology for production of nylon industrial yarn/tyre cord.
- 5,00,000-14% non-convertible debentures of Rs 100 each (Series III) were issued to financial institutions on private placement basis.
1987
- The new texturising facilities were commissioned during the first quarter of the year.
- Twisting machines were commissioned during the second half of the year.
- The company received industrial licences and letters of intent for a total broad banded capacity of 39,000 TPA of synthetic filament yarn and industrial yarns.
1988
- Introduction of new varieties of PET bottles for packaging of products met with success.
- The company privately placed with financial institutions 13,00,000 - 14% non-convertible debentures (IV Series) of Rs 100 each.
- 4,74,610 bonus equity shares were issued in prop. 2:5.
- 40,000 - 14% Pref. shares were issued.
1989
- The company issued 14% non-convertible redeemable debentures (V Series) worth Rs 5 crores on private placement basis.
- The first instalment of 2,500 - 15% redeemable cumulative Pref. shares was redeemed on 31st December.
1991
- Profitability was adversely affected due to increase in the cost of raw materials, hike in excise duty and unremunerative prices.
- The company issued 10,00,000-17.5% secured redeemable non-convertible debentures of Rs 100 each (Series VI) on private placement basis.
- The third instalment of 2,500-15% redeemable cumulative Pref. shares was redeemed on 31.12.1991.
- The diversification scheme for production of polyester industrial yarn was rescheduled due to various reasons.
1992
- The company received necessary approvals for expansion of polyester filament yarn plant at Mahad.
- The final instalment of 2,500-15% redeemable cumulative Pref. shares was redeemed on 31.12.1992.
- All capital jobs in progress, assets and liabilities, licences, agreements and commitments entered by the company for the project for production of polymerisation initiators and alkyl esters were handed over to a new company, viz., Centak Chemicals, Ltd.
1994
- There was a prolonged lock-out at Pune from 6th August, which was lifted with effect from 1st November.
- Polyester filament yarn off take was affected due to serious floods in Surat and outbreak of plague in September/October.
- The company issued 10,00,000-13.5% Non-Convertible Debentures series (vii) of Rs 100 each on private placement basis with a bank.
1996
- Equipment for after treatment facilities and for supply of flat yarn on Jambo beams was commissioned.
- Expansion of Nylon tyreCord Fabric Capacity by 5400 TPA was being envisaged.
1997
- Rajashree Polyfil Ltd. was amalgamated with the Company to create the country's second largest synthetics textile major.
- 67,50,000 No. of equity shares of the company were issued and allotted to the shareholders of erstwhile Rajashree Polyfil Ltd.
- The company's authorised capital was increased and equity capital was sub-divided into equity shares of Rs 10 each.
1998
- The company cut back almost one-third of its production of polyester due to an over-supply situation in the market and severe pressure on margins.
- 67,50,000 No. of equity shares were issued at par pursuant to the scheme of amalgamation.
1999
- DSM Engineering Plastics BV acquired the engineering plastics business of Century Enka Limited and established its subsidiary DSM Engineering Plastics (India) Pvt Ltd.
2000
- Crisil assigned a P1+ rating to the certificate of deposit and CP programme of the company.
- Acordis Overseas Investment BV decided to acquire 9.2 million equity shares of the company.
2001
- Akzo Nobel Chemicals International BV entered into agreements to acquire the company's entire shareholding in Centak Chemicals Ltd.
2003
- The Pune Stock Exchange approved the delisting of the company's Equity shares.
2004
- The company delisted its shares from the Delhi Stock Exchange Association Limited.
2005
- The company expanded its Polyester Partially Oriented Yarn (POY) capacity at Bharuch Site and started commercial production from April 19.
2007
- Mr. G M Singhvi was appointed as Whole-time Director of the Company with effect from 16th May.
2011
- The Memorandum of Association of the Company was changed from the state of West Bengal to the State of Maharashtra.
- The Registered Office of the Company was shifted to 2nd Floor, Century Arcade Narangi Baug Road Pune -411 001.
2012
- The company recommended a dividend of Rs. 5.00 per equity share.
2013
- The company modified a part of its polymer lines to improve flexibility in the manufacturing process.
2014
- Mrs. Saraladevi Birla was appointed as Additional Director on the Board of the Company.
- The company recommended a dividend of Rs. 6.00 per equity share.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800