Shreyans Industries Ltd
NSE: SHREYANIND BSE: 516016
₹153.09
(1.20%)
Tue, 03 Mar 2026, 09:57 am
Market Cap2.08B
PE Ratio5.98
Dividend1.99
Process Industries
Pulp & Paper
24.5KCompany History
1979
- The company was incorporated on 11th June, at Jullundur.
- The company was promoted by M/s. Vardhaman Spinning and General Mills Ltd.
- Chemprojects Designs and Engineering Private Ltd., New Delhi, were appointed as technical consultants for the project.
1981
- 11 equity and 10 pref. shares were taken up by promoters.
- 20,49,989 No. of equity shares were issued.
- 9,69,989 shares were reserved to promoters, directors, etc.
- 3,00,000 shares were allotted to PSIDC and 7,80,000 shares were offered to the public.
1985
- 39,250 forfeited equity shares were reissued.
1987
- The Company proposed to set up a project in Joint Sector, in association with Gujarat Industrial & Investment Corporation Ltd.
1989
- The Company undertook the implementation of the second phase of modernisation scheme.
1990
- The Company implemented a spinning project of 24,960 cotton spindles.
- 600 spindles were installed and were in production.
- 100 forfeited equity shares were reissued.
1991
- 11,520 spindles were installed and commissioned.
- The company offered 3,48,500 - 14% secured redeemable partly convertible debentures to the shareholders.
- Another 3,51,500 - 14% redeemable partly convertible debentures were offered through prospectus.
- Two boilers were converted to fluidized-bed-combustion system.
- The company installed the Bi-Nip press on the paper machine.
- A major re-build of the machine was taken up with latest technology of dewatering on wire and better pressing.
1992
- 40,25,000 No. of equity shares were allotted on part conversion of 14% debentures.
- The Company proposed to plant more than 50,000 trees during the current year.
- The Company entered the capital market with Right-cum-Public Issue of 700,000 partly convertible debentures.
1994
- The Company entered into an agreement with Zenith Limited for purchase of the assets of their Paper Division.
- The Company proposed to put up a plant for recovery of Caustic Soda in Shreyans Paper Division, Ahmedgarh.
- The Company entered into an agreement to buy the fixed assets of Paper Division of M/s. Zenith Limited, Mumbai.
1995
- A Co-generation plant with a generating capacity of 2 MW was commissioned at Ahmedgarh.
- The drying capacity of the paper machine at Ahmedgarh was proposed to be increased by installation of infra-red drying system.
1996
- The Co-generation plant was commissioned at the Shreyans paper, Ahmedgarh.
- The expansion cum modernisation scheme at Shree Rishabh paper, Banab was taken up.
- It was proposed to increase the capacity of the Shreyans Spinning Mills by installation of additional 4000 spindles.
1997
- Expansion-cum-modernisation scheme was taken up for implementation in Shree Rishabh Papers, Banah.
- The Shreyans Spinning Mills, Machhiwara unit was granted ISO 9002 certification.
- An Infra-red Drying System was commissioned at Shreyans Papers, Ahmedgarh.
- It was proposed to increase the capacity of Shreyans Spinning Mills by installation of additional 4,000 spindles.
- Shri K.L. Dalal and Dr.(Mrs.) H.K Bal retired as Directors of the Company.
- The company allotted 30,00,000 warrants with an option to convert into equity shares.
- The Chemical Recovery Plant at Shree Rishabh Papers Banah was commissioned.
1998
- Operations of the Spinning Division were affected adversely due to poor cotton crop.
- Infrared Drying System was commissioned.
- Shri. R. M. Mehta and Shri. Rajneesh Oswal retired as Directors of the Company.
1999
- Shree Rishabh Papers was closed for almost two months under orders from the state Pollution Control Board.
- Operations in Shree Rishabh Papers, Banah unit were affected for two months resulting in a fall in production.
- Production in the spinning division of Shreyans Spinning Mills, Machhiwara decreased due to change in product pattern and liquidity crunch.
2000
- The Company issued 24,000 14 per cent optionally fully convertible debentures to GIC Mutual Fund.
- Mr. Suresh Nagarkatte was appointed as the Nominee Director in place of Mr. Deepak Agarwal.
2005
- Sh. D K Oswal was appointed as Managing Director.
2007
- Sh. Kunal Oswal was appointed as Whole Time Director.
2009
- Mr. A.K. Chakraborty was appointed as an Additional Director of the Company.
2011
- Mr. Rajneesh Oswal was appointed as Chairman & Managing Director.
2013
- Mr. Videshwar Sharma was appointed as Company Secretary and Compliance Officer of the company.
- The company recommended a Dividend of Rs. 1.00 per equity share.
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