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Divyashakti Ltd logo

Divyashakti Ltd

NSE: BSE: 526315

₹67.99

(0.73%)

Wed, 07 Oct 2026, 02:33 am

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Company History

1991

  • The company was incorporated on 4th June in the state of Andhra Pradesh.
  • The company obtained the Certificate of Commencement of Business on 22nd July.
  • The company was promoted by N.V. Rallaiah, N. Harihara Prasad, N. Bhanu Prasad, and N.S.R. Chandrasekar Rao.
  • The company's object was to manufacture polished granite slabs.
  • The company undertook to set up a 100% Export Oriented Unit at Narasapur, Medak District, Andhra Pradesh.
  • The company acquired 11 acres of land for the factory and 4 government-leased quarries in Nalgonda, Warangal, and Anantpur districts.
  • The company acquired quarrying equipment and modern automatic quarrying machines from Italy.
  • The company finalized a detailed plant layout in consultation with BRA Officine Meccaniche S.p.a., Italy.
  • The company entered into a buy-back arrangement with M/s. Stone-Age Inc., USA, for a period of 7 years.

1993

  • 70 equity shares were subscribed for by signatories to the Memorandum of Association.
  • 103,50,000 equity shares of Rs.10 each were issued through a prospectus.
  • 27,50,000 shares were reserved and allotted to NRI promoters and 25,00,000 shares to Indian promoters, directors, and their friends.
  • 19,600 shares were reserved for employees, but none were taken up.
  • 10,00,000 shares were reserved for NRIs on a repatriation basis, with 114,500 shares taken up.
  • 10,00,000 shares were issued to Mutual Funds, but none were taken up.
  • 30,80,400 shares, along with 19,05,100 shares not taken up, were issued to the public.

2004

  • The board recommended a dividend of 10%.

2012

  • The board recommended a dividend of 15%.

2013

  • Divyashakti Granites recommended a dividend of 15% on equity shares.

2014

  • Divyashakti Granites recommended a dividend of 15% on equity shares.

2022

  • The company name was changed to Divyashakti Ltd. from Divyashakti Granites Ltd.