Empire Industries Ltd
NSE: BSE: 509525
₹906.20
(0.43%)
Fri, 22 May 2026, 05:37 pm
Market Cap5.43B
PE Ratio14.68
Dividend2.76
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.
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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