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Mysore Petro Chemicals Ltd logo

Mysore Petro Chemicals Ltd

NSE: MYSORPETRO BSE: 506734

₹93.99

(0.66%)

Sun, 15 Mar 2026, 05:42 am

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Company History

1969

  • The company was incorporated on 9th June in Mysore.
  • The company entered into agreements with Chemische Fabrik Von-Heyden GmbH and Lurgi Mineraloeltechnik GmbH.
  • The company allotted shares to promoters, Mysore State Industrial Investment and Development Corporation, and directors of Shekhavati Investment Corporation.

1970

  • The company changed its name from Premier Petro Chemicals Ltd to its present name.

1973

  • The company offered 40,000 preference shares and 6,37,000 equity shares to the public.

1978

  • Karnataka State Industrial Investment and Development Corporation transferred its equity shareholding to Shekhavati Investment Corporation.

1979

  • The company's shares were fully called-up.

1981

  • The company received a letter of intent to increase licensed capacity.
  • The company annulled the forfeiture on 150 equity shares and issued equity shares to a financial institution.

1982

  • The company shut down the plant for modernisation and expansion.
  • The company annulled the forfeiture on 50 equity shares.

1985

  • The company annulled the forfeiture on 150 equity shares.

1986

  • The company installed an imported high pressure turbine and a new switch condenser.

1987

  • The company applied for an industrial licence to manufacture maleic anhydride.

1988

  • The company promoted IG Petrochemicals Ltd as a 100% export-oriented project.
  • The company issued non-convertible debentures by private placement to augment working capital resources.
  • The company annulled the forfeiture on 175 equity shares and redeemed 9.5% preference shares.

1989

  • Napro Synthetic Ltd was amalgamated with the company effective 1st July.
  • The company annulled the forfeiture on 375 equity shares.

1990

  • The company achieved improved performance despite high raw material prices and interruption of shipments due to the Gulf war.
  • The company offered 17,25,000 secured redeemable partly convertible debentures on a rights basis.
  • The company allotted additional debentures to retain oversubscription and to employees, ICICI, and BOI Finance Ltd.
  • The company converted Rs. 40 of each debenture's face value into equity shares and allotted 20,27,955 shares.

2007

  • The company designated a separate email ID for receiving complaints from investors and redressing them.
  • The company repaid all outstanding debts to financial institutions and banks and became debt-free.

2008

  • The company recommended a dividend of 10% on equity shares.
  • The company appointed Mr. M M Dhanuka as the Managing Director.

2014

  • Mysore Petro Chemicals Ltd recommended a dividend of 15% or Rs. 1.50 per equity share of Rs. 10 each.

2015

  • The company through its wholly owned subsidiary IGPL (FZE) entered into a joint venture with Dubai Natural Gas Company Ltd.

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