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Saurashtra Cement Ltd logo

Saurashtra Cement Ltd

NSE: SAURASHCEM BSE: 502175

₹65.54

(-4.01%)

Wed, 04 Mar 2026, 07:04 am

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Company History

1956

  • The company was incorporated on 11th June at Rajkot.

1957

  • 25,000 Pref. and 50,000 equity shares were subscribed by directors.
  • 25,000 Pref. and 50,000 equity shares were offered to the public.

1965

  • The company acquired lease of Ran mines in the district of Jamnagar.

1966

  • The company acquired lease of land for mining ordinary clay.
  • 50 acres of land were obtained in Barda hills area for blackstone.

1968

  • 40,000 Bonus equity shares were issued.

1971

  • 6% Pref. shares were redeemed on 30.6.1977.
  • 50,000 - 9.5% Pref. shares were issued at par.
  • 60,000 Bonus equity shares were issued.

1976

  • 2,00,000 Bonus equity shares were issued.

1986

  • A 132KV feeder line was installed.
  • A rights issue was kept open from 6th March to 12th April.
  • 3,00,000 right shares were issued at par.
  • 15,000 shares were issued to employees.

1989

  • The company came under the provision of the Sick Industrial Companies Act, 1985.

1991

  • The company ceased to be a Sick Company after wiping off entire carry forward losses.

1993

  • The company proposed to increase the capacity from 8,63,000 TPA to 11,28,900 TPA in two phases.
  • 42,00,000 partly convertible debentures were issued.
  • 50,07,500 shares were allotted.

1994

  • New equipment such as a 5 stage preheater and controlled flow grates were installed.
  • A state of the art fuzzy logic control system was installed.
  • A new control room for centralized control of the plant operations was set up.
  • The company was in the process of setting up balancing equipment and upgrading the Cement mills.

1995

  • The company proposed to expand the capacity to 3,750 tonnes per day.

1996

  • 35,00,000 Pref. Shares were issued.
  • 4,000 forfeited shares were issued.

1997

  • 38,10,500 equity shares were allotted on preferential basis.

2000

  • Crisil downgraded the C rating assigned to the company's non-convertible debenture issue to D.

2003

  • The company's securities were delisted from Kutch, Ahmedabad, Vadodara and Delhi Stock Exchanges.

2007

  • The company approved the appointment of Mr. G J Prasad, Nominee Director of IFCI, on the Board of Directors.

2009

  • The company approved the appointment of Mr. Bimal Thakkar as an additional director on the Board of Directors.

2014

  • The company appointed Mr. Rakesh H. Mehta as Chief Financial Officer.
  • The company appointed Mr. P. K. Behk and Mrs. Bhagyam Ramani as Additional Directors.

2020

  • NCLT approved the Scheme of Amalgamation of Parsec Enterprises Private Limited with Saurashtra Cement Limited.

2023

  • The company started clinker production at Ranavav plant.

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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