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Rajasthan Petro Synthetics Ltd logo

Rajasthan Petro Synthetics Ltd

NSE: RAJASPETRO BSE: 506975

₹15.24

(1.46%)

Wed, 04 Mar 2026, 04:33 am

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Company History

1983

  • The company was incorporated on 21st February at Jaipur, Rajasthan.
  • The company was promoted by Gowri Shankar Poddar, Shiv Shankar Poddar and Om Prakash Kedia.
  • The company entered into an agreement with Cara Engineering Chem AG of Switzerland for the supply of know-how.

1985

  • 6,86,600 shares were subscribed for by promoters, directors, their friends, etc.
  • 18,63,400 shares were issued at par, with 4,13,400 shares reserved and allotted to promoters, directors, etc.

1986

  • The company undertook the business of mining, transport and trading.
  • 6,37,500 additional shares were allotted to retain oversubscription.

1987

  • The company installed a draw-texturising machine for the manufacture of crimped yarn.
  • A letter of intent was received for the manufacture of 15,000 TPA of polyester filament yarn.

1989

  • The expansion of capacity to 3,750 TPA was being implemented.
  • The company decided to implement the Letter of Intent for producing 12,250 tonnes of synthetic filament yarn per year in a single phase.
  • Discussions were held with foreign collaborators for installing facilities for the manufacture of dyed chips and other pigments/additives.
  • The company proposed to set up a project for the manufacture of 1000 TPA of polypropylene master batches.

1991

  • A new company, Poddar Pigments Ltd, was promoted to set up a plant at Jaipur for production of 1,200 TPA of master batches.
  • A project was set up in Tamilnadu for production of 20,000 tonnes of speciality polyester filament yarns.

1992

  • The company implemented an expansion plan to increase its capacity substantially from 2750 TPA to 6000 TPA.
  • An indigenous pilot plant for spinning and texturising was designed and developed by the company's R&D team.
  • The company issued 3,18,750-15% secured partly convertible debentures of Rs 245 each on rights basis.
  • 33,468 Partly Convertible Debentures were offered for cash at par on Rights basis.
  • 15,938-15% partly convertible debentures of Rs 245 each were offered to employees.
  • 12,000 equity shares were allotted on conversion of loan.

1994

  • The company undertook a diversification cum expansion programme to increase its market share.
  • The project to install a new capacity of 4750 TPA was in an advanced stage of implementation.
  • The company proposed to raise additional finance through the issue of equity shares on Rights basis.
  • 51,23,950 bonus shares were issued in the proportion 1:1.

1995

  • The company issued 71,58,354 equity shares for cash at a premium of Rs 12 per share on Rights basis.
  • The new capacity of 4750 TPA commenced production.

2011

  • The company's registered office was shifted to G-2, Tirupati Balaji Complex, Opp: Alok School, Panchwati, Udaipur-313 001.

2012

  • The company's registered office was shifted to 8, Kushal Bagh, Near ST. George School, University Road, Udaipur- 313001.

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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