Empire Industries Ltd
NSE: BSE: 509525
₹894.50
(-2.56%)
Sat, 28 Feb 2026, 07:44 am
Market Cap5.51B
PE Ratio14.49
Dividend2.72
Distribution Services
Food Distributors
24.5KCompany History
1900
- The Company was incorporated at Mumbai.
1944
- 9000 Rights shares were offered at a premium of Rs. 50 per share.
- 18,000 bonus shares were issued in prop. 2:1.
1954
- 30,000 bonus shares were issued in prop 1:1.
1967
- Vitrum Glass enterprise was acquired by the company.
- 60,000 bonus shares were issued in prop 1:1.
1968
- Garlick Engineering division specialises in the manufacture of E.O.T. cranes.
1969
- 60,000 bonus shares were issued in prop. 1:2.
1970
- 1,60,000 Right equity shares were issued at par in prop. 8:9.
1972
- Garlick Engineering enterprise was acquired on 1st January.
- 1,10,000 shares were issued to members of Garlick & Co. Pvt. Ltd.
1973
- Empire International enterprise was started as a merchant export house.
1975
- The name of the company was changed from 'The Empire Dyeing and Manufacturing Co. Ltd.' to the present one.
- 4,50,000 Bonus Equity shares were issued in the prop. 1:1.
1979
- 2,66,666 shares were issued on conversion of debentures.
1981
- 2,91,667 rights shares were issued at par in prop. 1:4.
1983
- 2,91,667 rights shares were issued at par in prop. 1:5.
1984
- 2,50,000 rights shares were issued in prop. 1:7.
1985
- The Empire Dyeing speciality fabrics unit suffered a setback due to rise in input costs.
- 6,66,666 rights shares were issued at par in prop. 1:3.
1986
- Empire Instrumentation division secured the exclusive representation of Spacelabs, U.S.A.
1987
- The operations at Empire Dyeing speciality fabrics division were drastically reduced.
- The Vitrum Glass plant remained closed for 2 months for modernisation.
- The company secured agencies from MDA Scientific Inc., U.S.A., for toxic gas monitoring instruments.
- 9,99,999 rights equity shares were issued at par in prop. 1:4.
1988
- The company issued and allotted 1,00,000-14% secured redeemable non-convertible debentures.
- 10,00,000 rights equity shares were issued in prop. 1:5.
1989
- The division's machinery and equipment were upgraded incorporating the latest technology.
- The Empire Chemicals division was established.
1990
- The operations were affected by the continued lock-out in the Ankleshwar factory.
- The company entered into a technical collaboration agreement with Novell GmbH, West Germany.
- The Empire Machine Tools division had a set-back due to foreign exchange crisis.
- The Empire Chemicals division obtained agency representations from overseas suppliers.
1991
- Negotiations were on for finding alternative productive employment for the remaining labour force.
- Labour problems escalated resulting in a lock-out at the Ambernath works.
- The Empire Instrumentation unit's growth plans suffered a setback due to import compression and recession.
- The sales and earnings were affected by stringent import curbs imposed by the RBI.
1992
- The Empire Dyeing division struggled due to lack of remunerative business.
- The company's working suffered due to reduced development expenditure by the Government of India.
- The Empire Chemicals division entered into new working arrangements with fresh overseas suppliers.
- The company created vacant area through re-organisation of its offices and plant lay-outs for warehousing.
1994
- The Garlick Engineering division declared a voluntary retirement scheme for its workers.
- A new eight section bottle forming machine was installed to increase production.
- The company developed machine tools with sophisticated technologies.
- A marketing tie-up was concluded with Rohm & Hass Company, USA.
- Empire Products Ltd. ceased to be a subsidiary of the company.
1995
- The lock out position continued with no immediate possibility of revival.
- The production capacity increased from 10 lakhs to 11 lakhs bottles per day.
- The Empire Machine Tools division developed parallel lines of high-tech and low valued items.
- The Empire Chemicals division recorded a revenue growth of 18%.
- A new Empire Metals division was formed for indenting and international trade of Iron and Steel products.
2004
- The Board recommended a dividend of Re 1 (Tax free 10%) per Equity Shares of Rs 10 each.
2005
- The Board recommended a dividend of Rs. 2 (Tax free 20%) per Equity Shares of Rs. 10 each.
2006
- The Board recommended a dividend of Rs. 4 (Tax Free 40%) per Equity Shares of Rs. 10 each.
2007
- The Board recommended a dividend of Rs. 6 (Tax free 60%) per Equity Shares of Rs. 10 each.
2008
- The Board recommended a dividend of Rs. 8 (Tax Free 80%) per Equity Shares of Rs. 10 each.
2009
- The Board recommended a dividend of Rs. 10 (Tax free 100%) per Equity Shares of Rs. 10 each.
2010
- The Board recommended a dividend of Rs. 20 (Tax free 200%) per Equity Shares of Rs. 10 each.
2011
- The Board recommended a dividend of Rs. 22 (Tax free 220%) per Equity Shares of Rs. 10 each.
2012
- Mr. Subodh Chandra was appointed as an additional Director of the Company.
- The Board recommended a dividend of Rs. 24 (Tax free 240%) per Equity Shares of Rs. 10 each.
2013
- The Board of Directors recommended a dividend of Rs. 24 (Tax free 240%) per Equity Shares of Rs. 10 each.
2014
- The Board of Directors recommended a dividend of Rs. 24 (Tax free, 240%) per Equity Shares of Rs. 10 each.
- Mrs. Uma Ranjit Malhotra was appointed as an additional Director of the Company with effect from May 29.
Open Your Free Demat Account Now!
Facebook
Twitter
Instagram
LinkedIn
Youtube
Calculators
Popular Calculators
Group Stocks
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