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Eastcoast Steel Ltd

NSE: ESTCSTSTEL BSE: 520081

₹17.86

(-5.00%)

Tue, 17 Mar 2026, 08:44 pm

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Company History

1982

  • The company was incorporated on 20th August under the name of Chudiwala Steels Ltd.
  • The company was promoted by Western Ministil Ltd. and other associates.
  • The main object of the Company is to manufacture steel ingota/billets.
  • The Company undertook to set up a mini steel plant with an installed capacity of 62,500 TPA of steel ingota/billets.
  • Land admeasuring 40 acres was acquired at Cuddalore Road, Pillayarkuppam post, Bahour Commune.

1988

  • All shares were taken up by promoters, directors etc.
  • The company's name was changed to East Coast Steel Ltd.

1989

  • 20,50,475 No. of Equity shares were issued at par.
  • 4,16,275 shares were reserved and allotted to resident Indian directors, their friends etc.
  • 4,34,200 shares were reserved and allotted to equity shareholders of Western Ministil, Ltd.
  • 4,68,800 shares were reserved for NRIs on repatriation basis.
  • 1,02,520 shares were reserved for employees of the Company and those of promoter company.
  • 6,28,680 shares, along with 87,920 shares not taken up under preferential quota, were offered to the public.
  • Additional 3,07,220 shares were allotted to retain oversubscription.

1990

  • The Company's licensed capacity was enhanced to 1,50,000 TPA.

1992

  • The Company issued 14,02,888 No. of Equity shares of Rs.10 each at a premium of Rs.50 per share on rights basis.
  • 70,144 No. of Equity shares of Rs.10 each at a premium of Rs.50 per share were offered to the employees etc., of the Company.

2007

  • Eastcoast Steel designated an E-mail ID for Investors Complaints: [email protected]

2011

  • The company considered the Scheme of merger of Mind Factory Entertainment Pvt. Ltd.

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