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Ruby Mills Ltd

NSE: RUBYMILLS BSE: 503169

₹199.62

(-2.91%)

Wed, 11 Mar 2026, 11:01 pm

Company History

1917

  • The company was incorporated on 9th January, at Mumbai.

1918

  • The name of the company was changed from Hormusjee Ardeshir S. Goculdas and Co., Ltd., to Ruby Mills Ltd.

1939

  • Capital was reduced as per the Court's Order dated 10th March.

1942

  • 12,000 bonus shares were issued in the proportion 1:1.

1957

  • 36,000 bonus shares were issued in the proportion 3:2.

1966

  • 36,000 bonus shares were issued in the proportion 3:5.

1970

  • 32,000 bonus shares were issued in the proportion 1:3.

1988

  • The Company explored the possibility of exporting yarn and fabrics to the U.K., European countries and the Far East.

1989

  • 32,000 bonus shares were issued in the proportion 1:1.

1991

  • The company issued 1,00,000-9% non-Convertible debentures of Rs. 100 each on private placement with the UTI.
  • 32,000 bonus shares were issued in the proportion 1:2.

1992

  • The company suffered production loss due to a fire in the winding section at Dadar Mills and absenteeism of workers due to communal disturbances.
  • 3,024 spindles were installed in April.
  • The company proposed to install 4 nos. winding machines incorporating the latest technology.
  • The company undertook to set up two chemical units at Ankleshwar in Gujarat.
  • Ruby Implex Ltd. became a wholly owned subsidiary of the Company.
  • 2,40,000 Bonus shares were allotted in the proportion 5:2.

1994

  • There was a loss of production at the weaving stage due to shift over and stabilisation.
  • The operation in the spinning unit at Dhamni was affected by a labour strike.
  • 8,20,000 No. of equity shares were issued at a premium of Rs. 225 per share on private placement.

1995

  • The company entered into a technical know-how agreement with M/s. Gygli Technik AG for the manufacture of interling fabric.

1997

  • The operational performance of the company was not encouraging due to a prolonged strike at Dhamni spinning unit, recession in the Textile industry, increase in the cost of raw materials and labour.

2002

  • P D Phatak was appointed as Company Secretary of Ruby Mills.

2004

  • Mr. Manhar N. Trivedi joined the organization as Company Secretary & Financial Controller.
  • The Ruby Mills Ltd recommended a dividend @20% on the equity of the Company.

2006

  • Ruby Mills Ltd recommended a Dividend of 25% i.e. Rs 2.50 Ps per share.

2007

  • Ruby Mills Ltd recommended a Dividend of 30% i.e. Rs 3.00 Ps per share.

2008

  • Unitech tied up with Ruby Mills Ltd for its Real Estate Development.

2009

  • Ruby Mills Ltd recommended a Dividend of 30% i.e. Rs 3.00 Ps per share.

2010

  • Mr. Dharmendra Parmar was appointed as Financial Controller, Compliance Officer and Company Secretary of the company.
  • Ruby Mills Ltd recommended a final dividend of Rs. 4/- per equity share.

2011

  • Ruby Mills Ltd recommended a final dividend of Rs. 5/- per equity share.

2012

  • Mr. Shaunak J. Thacker was appointed as Additional Director of the Company.
  • Ruby Mills Ltd recommended a final dividend of Rs. 5/- per equity share.
  • Mr. S. Jayaraman was appointed Compliance Officer as a Chief Financial Officer of the Company.
  • The Company split its Face value of Shares from Rs 10 to Rs 5.

2013

  • Ruby Mills Ltd shifted its fabric processing activity from Mumbai to Village Kharsundi.

2014

  • The Board recommended a Dividend of Rs. 2/- per Equity Share of the face value of Rs. 5/- each.

2015

  • The Company allotted Bonus Shares to its shareholders in the Ratio of 1:1.

2022

  • The Company issued Bonus Shares in the Ratio of 1:1.

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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