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Savita Oil Technologies Ltd

NSE: SOTL BSE: 524667

₹379.15

(1.36%)

Tue, 03 Mar 2026, 00:24 pm

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Company History

1961

  • The company was incorporated as a private limited company under the name of Stauffe Chemicals Private Limited on July 19.
  • The company was promoted by Late Shri D.C. Mehta and his son Shri N.K. Mehra and started manufacturing liquid Paraffin at Saki Naka, Mumbai.

1965

  • The company's name was changed to Savita Chemicals Private Limited on February 8.
  • The company started manufacturing Emulsifiers and other White Oils.
  • The company was one of the first in the country to manufacture liquid paraffin as an import substitute.

1983

  • A group company, Mehre Trading and Investment Co. Pvt. Ltd., was amalgamated with the company with effect from December 1.

1988

  • The company became a deemed public limited company under Section 43A of the Companies Act, 1956 on November 1.

1994

  • The company issued and allotted 62,500 Equity shares of Rs. 10 each at par to employees, promoters and associates.
  • The company issued and allotted 58,125 Unsecured fully convertible debentures of Rs. 100 each.
  • The company launched the automotive range of lubricants under the IDEMITSU brand name in November.

1995

  • The company made its maiden public issue of 23,12,100 Equity shares of Rs. 10 each at a premium of Rs. 100.
  • A new unit for the manufacture of Lubricating Oils, Transformer Oils, White Oils and Petroleum Sulfonates was commissioned.
  • The company participated in the prestigious Africa, 95 Exhibition at Cairo.
  • The company participated in the 21st Tehran International Trade Fair.

1996

  • The company initiated steps for obtaining the ISO 9001 certification.

1997

  • Savita Chemicals introduced Kinetic Honda Ultra 2T oil specifically for Kinetic Honda scooters.
  • The company developed DAPHNE SUPER FLUID 46 WR ultra high performance Hydraulic oil.
  • Savita Chemicals was awarded the ISO 9001 certification by the RvA under the Det Norske Veritas Quality Systems.

1998

  • The company set up a new unit at Silvassa for the manufacture of Blended Automotive Lubricants and Industrial Lubricants.
  • The company achieved the ISO-9001 Certification from Det Norske Veritas for Design, Development and Manufacture of Petroleum Speciality products.
  • The company identified the Indian Ocean rim countries as the thrust area for exporting its products.
  • The company successfully introduced its products in the South East Asian and African Regions.

1999

  • The Wind Energy Plant at Venkhusavde, Pallani village, Satara district in Maharashtra was commissioned on March 20.
  • The Power generated from the Wind Energy Plant was used for captive consumption and supply to third parties.

2000

  • The company's 2.25MW Wind Energy Project at Gojegaon, Satara, Maharashtra was commissioned on March 30.

2007

  • The company issued Bonus Shares in the ratio of 2:3.

2008

  • The company appointed Mr. Uday Chandrakant Rege as Company Secretary and V P - Legal & Compliance Officer.
  • The company appointed Mr. Harit A Nagpal as an Additional Director on the Board.

2009

  • The company changed its name to Savita Oil Technologies Limited and its trading symbol to SOTL.
  • The company declared a dividend of Rs. 5 per Equity Share of Rs. 10.

2010

  • The company purchased industrial land in Village Silli, Silvassa, Union Territory of Dadra & Nagar Haveli.

2011

  • The company recommended a dividend of 200% or Rs. 20 per Equity Share.

2012

  • The company recommended a dividend of 150% or Rs. 15 per Equity Share.

2013

  • The board recommended a dividend of 175% or Rs. 17.50 per Equity share for the year ended March 31, 2013.

2014

  • The board recommended a dividend of 175% or Rs. 17.50 per Equity share for the year ended March 31, 2014.

2022

  • The company split its face value from Rs. 10 to Rs. 2.

2023

  • The company announced the successful commissioning of a new Synthetic Ester manufacturing plant at its facility in Mahad.

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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