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Lerthai Finance Ltd

NSE: BSE: 502250

₹487

(4.98%)

Thu, 10 Sept 2026, 05:16 pm

Company History

1979

  • The company was incorporated on 2nd November at Mumbai
  • The company entered into a technical collaboration agreement with Orissa Cement, Ltd.

1980

  • 700 equity shares were subscribed for by the signatories to the Memorandum of Association
  • 10,000 preference shares and 1,39,300 equity shares were reserved and allotted to promoters, directors, etc.
  • 2,10,000 equity shares were offered at par to the public in August

1982

  • The company undertook an expansion project for the manufacture of chemically bonded magnesite bricks

1990

  • Preference shares were redeemed on 31st December

1996

  • 35,00,000 Rights equity shares were issued in the proportion 1:1

2011

  • The Registered Office of the Company was shifted to #41, Vittal Mallya Road, Bangalore

2012

  • Marathwada Refractories appointed Mr. H. S. Girish Gupta as the Compliance Officer

2013

  • Marathwada Refractories appointed Mr. S. Baaskaran as an additional director

2014

  • Marathwada Refractories appointed Mr. T Rajagopala Rao as an additional director

2015

  • Marathwada Refractories completed a new brochure
  • HarbisonWalker International guests visited Marathwada Refractories
  • Jidong Cement Group leadership visited Marathwada Refractories

2019

  • The company name was changed to Lerthai Finance Ltd. from Marathwada Refractories Ltd.

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