Modipon Ltd
NSE: MODIPON BSE: 503776
₹33.40
(9.98%)
Sun, 15 Mar 2026, 09:21 pm
Market Cap351.58M
PE Ratio0
Dividend0
Finance
Real Estate Development
24.5KCompany History
1965
- The Company was incorporated on 19th August, in U.P.
- The Company was established as a result of Collaboration between R.B. Gujarmal Modi & Bros. Pvt. Ltd. of Modinagar, India and Rohm & Haas Co., Philadelphia, U.S.A.
1967
- 8,00,000 shares were subscribed for by Rohm & Haas Co., U.S.A., and its associates.
- 4,65,000 shares were taken up by R.B. Gujarmal Modi & Bros. (P) Ltd.
1970
- 95 Equity shares were forfeited for non-payment of calls.
1974
- 15,00,000 Bonus shares were issued in proportion 3:4.
1979
- Good Investment (India) Ltd., and Quick Investment (India) Ltd., were floated and they became wholly owned subsidiaries of the company.
1980
- 35,00,000 Bonus shares were allotted in October.
1982
- Indofil Chemicals Ltd. was amalgamated with effect from 1st July.
- The shareholders of Indofil Chemicals, Ltd. were allotted 8,38,057 No. of equity shares of Rs 10 each.
1985
- The Chemicals Division was formed following merger of Indofil Chemicals Ltd.
- The Company received approval from Govt. of India to transfer technology from Rohm and Haas Company of U.S.A.
- 1,45,495 convertible cumulative preference shares were allotted to the shareholders of the erstwhile Indofil Chemicals, Ltd.
1987
- Provisional registration for 'GOAL' was received.
- An agreement was signed with Eli Lilly & Co., U.S.A., for formulation and marketing of BEAM, a speciality rice blast disease fungicide.
- A Memorandum of Understanding was reached with Reilly Whiteman, U.S.A., for making available to the Indian tanners, the latest generation of fat liquors.
- The Company introduced additional products during the year for leather and coating industries.
1988
- An additional fuel efficient boiler was installed to minimise production losses during maintenance of the existing boiler.
- The Company issued 14% Secured Redeemable non-convertible debentures of the face value of Rs 100 each aggregating to Rs 600 lakhs.
- The installed capacity of nylon filament yarn was expanded to 6000 TPA.
1989
- The capacity of polyester chips was doubled with the successful commissioning of the second polycondensation plant.
- A fluidised-bed boiler of higher efficiency was commissioned.
- GOAL herbicides were successfully launched in various states.
- The Company entered into a technical collaboration with Messrs. NOY Engineering, Italy for the latest technology in Nylon and Polyester Filament Yarns.
- The Company obtained endorsement under broad banding scheme on its industrial licences.
1991
- The Company introduced 'BEAM' for control of 'Blast' disease in rice and an insecticide formulation 'FLASH' in the agricultural chemicals range.
- The Company commissioned the new spinning lines of polyester and nylon filament yarns.
- The Government of India revised the capacities to 15,000 TPA for Nylon and 25,000 TPA for Polyester.
1994
- The company was in the process of debottlenecking and technological improvement of production facilities resulting in doubling the capacity for manufacture of Mancozeb fungicide at Thane plant.
1997
- The Fibre Division got ISO 9001 certification for its design and manufacture for Nylon and polyster Filament Yarns.
2001
- The Company entered into an agreement with CDSL and NSDL for dematerialisation.
2004
- The company's shares were delisted from Delhi & U.P Stock Exchanges.
- The shareholders approved the delisting of its securities from Calcutta, Delhi and Kanpur Stock Exchanges.
2007
- Modipon Ltd appointed Sh. Santosh K Aggarwal as Director in casual vacancy.
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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