Nirlon Ltd
NSE: NIRLON BSE: 500307
₹625.75
(0.93%)
Sat, 17 Oct 2026, 06:54 pm
Market Cap (in Cr)5601.74
PE Ratio15.80
Dividend4.83
Finance
Real Estate Development
24.5KCompany History
1958
- The company was incorporated on 12th March at Mumbai as a private limited company under the name Nanubhai Industries Pvt. Ltd.
1959
- 500 shares were issued without payment in cash
1962
- The name of the company was changed to Nirlon Synthetics Fibres and Chemicals Pvt. Ltd. on 10th October
1963
- The company was converted into a public limited company on 13th March
1964
- 500 shares were issued in 1959 without payment in cash
- 50,000 shares were issued at par
1967
- 21,000 bonus equity shares were issued in prop. 1:10
1976
- Shares were subdivided in March
- 7,90,000 shares were offered to the public in May
1977
- 38,75,000 bonus shares were issued in March in prop. 5:4
1978
- The company entered into a technical collaboration agreement with BTR Belting Ltd., U.K.
1979
- 11% debentures of Rs.250 lakhs were issued to augment the long term resources for working capital
1981
- Steps were taken to increase the conversion capacity of nylon tyre yarn into nylon tyre fabric
- A letter of intent was received for the expansion of the conveyor belting production at Roha plant
- Steps were taken to implement the conversion capacity of nylon tyre yarn into nylon tyre yarn fabric at Tarapur
- 34,87,500 bonus equity shares were issued in prop. 1:2
1982
- The company's nylon textile yarn plant went into production in December
1983
- The letter of intent for the project was converted into an industrial licence
- Approval from Govt. was obtained for technical collaboration with M/s. Zimmer AG
- The company made a rights issue of 15% secured non-convertible debentures
- The company issued 4,00,000 - 15% secured redeemable non-convertible debentures
1984
- The output of the conveyor belt and V-belt plant at Roha was satisfactory except for a brief loss of production
- The letter of intent for expanding the nylon filament yarn capacity was converted into an industrial licence
- A letter of intent was received for increasing the polyester filament yarn capacity from 2,655 tonnes to 3,500 tonnes per annum
- The company proposed to manufacture 100 MT per annum of high performance carbon fibres
- The company proposed to implement a steelcord reinforced conveyor belt project in collaboration with Clouth Gummiwerke AG
- The company issued 22,50,000 - 15% secured non-convertible debentures
1985
- The sales turnover declined to Rs.173 crores due to a steep fall in yarn prices
- A letter of intent was received for the manufacture of 15,000 tonnes per annum of polyester filament yarn at Paithan
- The company reassessed the product's potential and decided to implement the letter of intent depending upon the marketability of the product
- The company approached the controller of capital issues for issue of share capital in the new company
- The company signed an agreement with Karnataka State Industrial Investment Corporation Ltd. for setting up a plant
- The company privately placed with UTI an additional 15% secured non-convertible debentures
- The company issued 26,49,825 - 13.5% secured convertible debentures
1986
- Government's approval was received for the application and the licensed capacity for synthetic filament yarn was increased
- The company made a reference to BIFR as required under the Sick Industrial Companies Act
- 52,99,650 No. of equity shares were allotted in part conversion of debentures
1987
- IDBI was appointed as the lead operating agency and undertook to prepare the rehabilitation package
1990
- The BIFR published the proposed rehabilitation scheme
1991
- Production of the textile division declined by 14.62% due to a cut in nylon production
- EX-MDS submitted a revival scheme which was under consideration of IDBI/BIFR
1992
- The revival scheme was under consideration of IDBI and BIFR
1993
- The Rehabilitation Scheme was sanctioned and implementation began
1999
- The company offered its idle/surplus factory premises for licence at its Goregaon complex
2000
- Nirlon formed a Joint Venture company for its Conveyor Belting Division
- The company retained 26% of JV Equity
2003
- Factory building areas of approx. 1,75,000 sq.ft. were licensed at the Goregaon complex
- The company completed repayment of secured loans and public debentures as per the Rehabilitation Scheme
2004
- Manufacturing at Goregaon was phased out
2005
- Additional building area of approximately 150,000 sq.ft. was licensed at Goregaon
2006
- The company achieved profit after depreciation and substantially completed implementation of the Rehabilitation Scheme
- Nirlon was deregistered from BIFR and was no longer a sick unit
- Planning and design for an Information Technology Park commenced at Goregaon, Mumbai
2007
- Construction of Phase-I of NKP commenced
2008
- Construction of Phase-II of NKP commenced
2009
- NKP Phase-I was completed and substantially licensed to leading multinationals and corporates
- Nirlon diversified its 26% stake in its Conveyor Belt joint venture company with a substantial gain
2010
- Nirlon won the Smart Living Awards for Best Safest Project, Best Corporate Spaces, and Best Green Project
2011
- Construction of Phase-III of NKP commenced
- NKP Phases I and II were fully licensed
- The company completed a preferential issue of fresh equity for expansion and development of NKP
2012
- Construction of NKP Phase-IV began
- Nirlon won the Prestigious International Property Award
2013
- Nirlon won the Worldwide Achievers Real Estate Award 2013
2014
- The Board recommended a dividend of Rs. 0.75 per equity share
- The company declared a dividend for the first time since 1985
2015
- Singapore's sovereign wealth fund GIC raised its holding in Nirlon Ltd to 63.92 per cent
2016
- Development of NKP Phase-5 began
