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Keerthi Industries Ltd logo

Keerthi Industries Ltd

NSE: BSE: 518011

₹60

(-0.03%)

Wed, 18 Mar 2026, 00:36 am

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Company History

1982

  • The company was incorporated on 17th May at Hyderabad, promoted by V.C. Brahmanna.
  • The company's object is to manufacture ordinary Portland cement.

1985

  • 880,000 shares were taken up by promoters, and 420,000 shares were allotted to APIDC.
  • 1,500,000 shares were issued at par, with 600,000 shares reserved for preferential allotment to NRIs.
  • Only 163,300 shares were taken up by NRIs, and the balance was offered for public subscription.

1988

  • The plant could not be operated at full capacity due to power cuts of up to 40%.

1989

  • The company came under the provisions of the Sick Industrial Companies (Sp. Provisions) Act, 1985.

1990

  • The company installed a 1000 KVA DG set, commissioned in January.
  • Financial institutions approved a plan to expand the capacity to 300 tonnes per day.

1991

  • 2,095,150 equity shares were allotted at par as rights and to employees.

1992

  • The company offered 18,00,000 rights equity shares for cash at par.
  • Additional 2,70,000 shares were allotted to retain oversubscription.
  • 90,000 shares were offered to employees, with 25,150 shares taken up.

1994

  • The company entered into a marketing tie-up with Associated Cement Companies Ltd.
  • The company proposed to enhance the capacity of its Rotary Kiln mini plants to 600 tonnes per day.

2005

  • The company changed its name from Suvarna Cements Ltd. to Keerthi Industries Ltd.

2008

  • The company created an exclusive email ID for registering investor complaints.

2017

  • The company commenced operations of its Waste Heat Recovery Project.

2021

  • The company sold its wind power business for Rs. 2.52 cr.

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