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Shree Manufacturing Company Ltd
NSE: BSE: 503863
₹9.93
(4.98%)
Wed, 23 Sept 2026, 02:55 am
Market Cap (in Cr)8.24
PE Ratio0
Dividend0
Process Industries
Textiles
24.5KCompany History
1972
- The Undertaking of Indian Copper Corporation Ltd. was nationalised by the Govt. of India.
1973
- The stockholders of Indian Copper Corporation Ltd. decided to put the Company into Members Voluntary Liquidation on 13th June.
1976
- Shree Manufacturing Company Limited was incorporated on November 30.
1977
- The Company obtained the Certificate of Commencement of business on 21st July.
- The Company was engaged in investment business.
- The Company undertook to set up a spinning mill with 15,840 spindles capacity.
1981
- 2,48,798 shares were issued without payment in cash to stock holders of the erstwhile Indian Copper Corporation Ltd.
1982
- 20,20,000 equity shares were issued at par.
- 7,90,000 shares were reserved and offered as rights to existing shareholders.
- 12,30,000 shares were offered for public subscription.
1983
- 14,317 more shares were allotted without payment in cash to stock holders of Indian Copper Corporation Ltd.
1987
- The Company became a Sick Industrial Company under the Sick Industrial Companies Act, 1985.
- A reference was made to BIFR.
- 5,00,000 equity shares were allotted privately.
1988
- 1,527 equity shares were allotted without payment in cash.
1990
- Production suffered due to political disturbance in the locality.
- Sales were adversely affected due to demand recession.
- The Company commissioned a dyeing plant in August.
- 326 equity shares were allotted without payment in cash.
1991
- Profits were affected due to sluggish conditions prevailing in the yarn market.
- The company proposed to install machines for production of export quality yarn.
- Production and profitability suffered due to disturbance in the country.
- 2,279 equity shares were allotted without payment in cash.
1992
- 1,316 equity shares were allotted without payment in cash.
1993
- The Company issued 14,00,000 Rights equity shares of Rs.10 each for cash at par in proportion 1:2.
1994
- The implementation of the scheme was in progress.
- The Company revised its orders for machinery from Lakshmi Machine Works Ltd. to incorporate the latest technology.
1995
- Production and sales increased marginally due to workmen resistance to improve efficiency.
- Profitability declined due to rise in input cost on raw materials, wages, power, and fuel.
- 2,971 equity shares were allotted without payment in cash.
2016
- The Company's registered office was shifted from Kolkata to Mumbai.