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Raasi Refractories Ltd
NSE: BSE: 502271
₹14.70
(5.00%)
Wed, 24 Jun 2026, 09:25 pm
Market Cap (in Cr)6.93
PE Ratio39.93
Dividend0
Producer Manufacturing
Miscellaneous Manufacturing
24.5KCompany History
1981
- The Company was Incorporated on 24th December at Hyderabad
- The Company was promoted by B.V. Raju, K.S.N. Raju and Dr. R.V. Raju
1984
- 6,22,500 shares were subscribed for by promoters
- 2,77,500 shares were allotted to APIDC
- 9,50,000 shares were offered at par for public subscription
1986
- Raasi Finance and Investment Ltd lent an amount of 34,20 lakhs to Raasi Refractories Ltd as interest free loan
1989
- The Company made a reference to the Board of Industrial and Financial Reconstruction
1990
- IFCI was appointed as an operating agency to recommend a suitable rehabilitation package
1991
- The draft rehabilitation package was finalised by IFCI
1992
- The BIFR sanctioned the rehabilitation package for the company
- The company proposed to merge with Telangana Paper Mills Ltd
- The company proposed to raise an amount of Rs.75 lakhs by way of rights issue
1993
- 3,42,000 No. of equity shares were issued at par on conversion of unsecured loans to Raasi Finance and Investment Ltd
1994
- 7,50,000 No. of equity shares were issued at par on conversion of interest free unsecured loans to promoters
2002
- M Ravindra Varma was appointed as Chairman and Managing Director
- A K Singh was appointed as Executive Director of Operations
- M L Vijaya Rama Raju was appointed as Whole-Time-Director
2004
- Two of the Rourkela-based industrialists acquired over 59 per cent stake in Raasi Refractories Ltd
2014
- The Registered office of the company has been shifted from 6-3-349/20, Alpha Business Centre, 2nd Floor, Road No.1, Banjara Hills, Hyderabad - 500034 To 6-3-347/C Sandhya Enclave, No. 503, 5th Floor, Dwaraka Puri Colony, Punjagutta, Hyderabad - 500082
2016
- The Registered office of the company has been shifted from 6-3-347/C Sandhya Enclave, No. 503, 5th Floor, Dwaraka Puri Colony, Punjagutta, Hyderabad - 500082 to H.No. 15-145/9, Kodandaram Nagar, Saroor Nagar, Near Sarada Talkies, Hyderabad 500060