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Nirlon Ltd

NSE: NIRLON BSE: 500307

₹491.90

(-0.02%)

Wed, 11 Mar 2026, 05:13 pm

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Company 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

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