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Rudra Ecovation Ltd logo

Rudra Ecovation Ltd

NSE: BSE: 514010

₹22.35

(2.66%)

Mon, 05 Oct 2026, 08:13 pm

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Company History

1980

  • The company was incorporated on 20th February at Delhi
  • The company was promoted by B.K. Garodia in financial collaboration with Himachal Pradesh Mineral & Ind. Development Corp. Ltd.
  • The company manufactures cotton and synthetic blended yarn

1984

  • 10,10,045 No. of Equity shares taken up by promoters, etc. including HPMIDC
  • 25-11% Pref. shares allotted to promoters, etc.
  • 16,19,955 No. of equity shares issued at par
  • 89,955 No. of Equity shares reserved and allotted to HPMIDC
  • 15,30,000 shares offered to the public in Dec. 1984

1988

  • The Company installed additional balancing equipments

1989

  • The company proposed to instal Ring Data System for individual spindles for monitoring production efficiency
  • The expansion and balancing scheme involving a capital expenditure of Rs 110 lakhs was implemented

1990

  • A marginal expansion cum balancing scheme involving interalia import of autoconers & combers was taken up and was under completion
  • The company submitted another marginal expansion and balancing scheme involving capital outlay of Rs. 1.3 crores
  • The Company offered 3,94,500 No. of equity shares of Rs 10 each for cash at par on Rights basis
  • 19,725 No. of equity shares were issued at par to employees under the Employees' Stock Option Scheme

1991

  • The Company privately placed with Canbank Mutual Fund 18% non-convertible debentures of Rs 100 each for Rs 95 lakhs

1993

  • The Company imported two autoconers from Japan
  • Efforts were on to install more balancing equipments to make better use of existing machines

1994

  • 1,65,000 redeemable cumulative pref. shares were allotted to SCICI, GIC and its subsidiaries

2007

  • The company has designated an E-mail ID for Investors' Grievances: [email protected]

2009

  • The company appointed Shri. Ajai Singh as Special Director

2010

  • The company appointed Shri. Rajinder Kumar as a Whole Time Director
  • The company appointed Shri Sushil Singla, as Director Independent & Chairman
  • The company appointed Shri Rajan Dhawan as Director Independent
  • Mr. Rahul Kalia and Mr. Daljeet Singh Rana have been appointed as additional directors of the Company
  • The company appointed Shri Akhil Malhotra as a Managing Director of the Company

2013

  • Shri. Mayank Malhotra has been appointed as Non-executive Director of the Company
  • The company appointed Shri Pawan Nagpal as Whole Time Director

2015

  • Himachal Fibres has split its face value from Rs. 10 to Rs. 1

2024

  • Company name has changed to Rudra Ecovation Ltd. from Himachal Fibres Ltd.