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Organic Coatings Ltd logo

Organic Coatings Ltd

NSE: BSE: 531157

₹20.83

(0%)

Fri, 27 Mar 2026, 01:35 am

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Company History

1959

  • Snowcem India Ltd. was incorporated on 28th January as a Private Limited Company, promoted by Killick Industries Ltd. and Mr. Geoffrey P. Stevens.

1961

  • Snowcem India Ltd. became a deemed Public Limited Company under Section 43(A) of the Companies Act, 1956.

1965

  • Mr. Geoffrey P. Stevens sold his holdings to George Lillington & Co. Ltd., U.K.

1988

  • The Company set up a modern manufacturing facility at Gotan, in Rajasthan.
  • The Company set up its third manufacturing facility at Gummidipundi near Chennai.
  • Killick Industries Ltd sold its holdings to Kosha Investments Ltd.

1992

  • The company was converted into a Public Limited Company by a resolution passed in the Extra Ordinary General Meeting held on 18th March.
  • The Company started its manufacturing activities at its plant in Mumbai with Snowcem cement paint.
  • The Company introduced waterproof cement paint for the first time in India and became the market leader.

1996

  • The Company made a Public Issue of 25,00,000 No. of Equity Shares of Rs. 10/- each for cash at a premium of Rs.20/- per share.
  • The Company entered into technical collaboration with M/S. Naigai Ink Manufacturing Co. Ltd. Osaka, Japan (NIK).
  • The Company introduced Water Based Inks and Varnishes in the market.
  • The Company launched Ultra Violet (UV Inks and Varnishes) in the Gravure, Flexographic Silk Screen and Offset methods.
  • The Company launched Resins for the Printing Ink Industry.
  • The Company signed a 3-year agreement with the representative Union valid upto 31.3.1999.

1997

  • Nik Rich Colour (Process Colour Inks) were introduced.
  • Shri A.N. Patil, Shri A.R. Shah and Shri M.V. Mehta retired as Directors.

1998

  • The Central Government imposed a ban on the sale of scratchable lotteries, substantially affecting the Company's sales of UV Inks.

1999

  • The Company achieved ISO 9001 Certification from TUV CERT certification Body of Rheinisch-Westfalischer for Total Quality Management.
  • The Company closed down the Solvent Inks Division to concentrate on UV Inks and Water Based Inks and Varnishes.
  • A three year wage agreement was signed with the Workers' Union covering wages, bonus and other allowances.

2000

  • The Company entered into a joint venture agreement with Rainbow Inks Industries, a firm registered and governed under laws of Nepal.

2009

  • The Registered Office of the Company was shifted to Plot No 31, Vimal Pushpa, Tarun Bharat Society, Chakala, Andheri (East), Mumbai - 400099.

2010

  • Mr. Sudhir Anant Sathe was appointed as an Independent Director of the Company.
  • The company's Independent Director Mr. Avinash S. Mehendale resigned.

2012

  • Mr. Vinay S. Jog was appointed as an Independent Director of the Company.

2014

  • Ms. Ashwini Lad was appointed as an Additional Director (Non-Executive Independent Director) of the Company.

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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