India Cements Capital Ltd
NSE: BSE: 511355
₹32.49
-0.66 (1.99%)
Fri, 23 Oct 2026, 07:54 pm
Market Cap (in Cr)71.96
PE Ratio0
Dividend0
Finance
Financial Conglomerates
24.5KIndia Cements Capital Ltd Company History
1985
- The company was incorporated as a Public Limited Company under the name Anura Finance Ltd.
- The Company was promoted by Aruna Sugars & Enterprises Limited as a subsidiary.
1986
- The Company obtained Certificate of Commencement of Business on 14.03.1986.
1990
- The company's name was changed to Aruna Sugars Finance Ltd.
- The Company launched two schemes called 'Snehadhara' and 'Suvidhara' for the benefit of the depositors.
1991
- 2,00,000 shares of Rs.10/- each were issued during the year and are entitled for dividend on a pro-rata basis.
1993
- The Company came out with a public issue of 18,75,000 equity shares of Rs. 10/- each for cash at a premium of Rs.5/- per share.
- The Company tied up with M/s. Mecklai & Mecklai to provide Forex Information and advisory services.
- The Company ceased to be a subsidiary of Aruna Sugars & Enterprises Limited.
1994
- CRISIL awarded P1+ rating for the proposed Commercial Paper programme of Rs.400 lakhs.
- The Company launched a new scheme named SUVIDHARA.
- The company granted OTC dealership at Chennai and was approved as a financial intermediary by Indian Renewable Energy Development Agency.
1995
- The forex advisory division was set up by the company.
- A new company, Aruna Securities Limited, was formed as a subsidiary.
- The Reserve Bank of India issued guidelines to Non-Banking Finance Companies on prudential norms.
- The Company made a Rights Issue of Fully Convertible Debentures of Rs.555 lakhs.
1996
- The company's controlling stake was acquired by ICL Financial Services Ltd and ICL Securities Ltd.
- The name of the company was changed from Aruna Sugars Finance Ltd to INDIA CEMENTS CAPITAL & FINANCE LIMITED.
- The Equity Share Capital was enhanced to Rs. 739.81 lakhs on conversion of Part B of Fully Convertible Debentures into Equity Shares.
- The Company made a private placement of preference shares for Rs.50.00 lakhs and Non-convertible Debentures aggregating to Rs.400.00 lakhs.
- CRISIL rating was upgraded from FA + to FAA- indicating high safety for depositors' funds.
- Aruna Securities Ltd obtained NSE Membership in the capital market segment and commenced operations.
1997
- The name of the Company's Subsidiary was changed from Aruna Securities Limited to INDIA CEMENTS INVESTMENT SERVICES LIMITED.
- There was a preferential allotment of 57,14,200 Equity Shares of Rs. 10/- each at a premium of Rs.7.50 per share.
1998
- The Company expanded its fee-based activities, including forex advisory services, money changing, and foreign exchange dealing operations.
1999
- The Company's fixed deposit programme was given a rating of Ind A+ (FD) by Duff & Phelps Credit Rating Agency.
2000
- The Company proposed to double its equity capital from Rs 13.37 crore to Rs 26.74 crore through the issue of additional securities.
2001
- India Cements Capital & Finance opened a satellite office at Adayar in Chennai to cater to the needs of its clients in the area.
2002
- India Cements Capital & Finance Ltd decided to offer Equity Shares of Rs 8.335 million on preferential basis to the promoters group Companies.
2005
- ICCFL's Namakkal branch outscores branches in other cities.
2007
- The company name was changed from India Cements Capital & Finance Ltd to India Cements Capital Ltd.
