Standard Industries Ltd
NSE: SIL BSE: 530017
₹15.97
(1.33%)
Sat, 23 May 2026, 01:19 pm
Market Cap1.02B
PE Ratio0
Dividend3.44
Process Industries
Chemicals: Specialty
24.5KCompany History
1892
- The Company was incorporated at Mumbai.
- The main object of the Company is to manufacture textile goods and chemicals.
1933
- Capital was reduced by Mumbai High Court Order dated 8th December by paying back Rs.400 per whole and Rs.100 per quarter share.
1940
- 14,217 whole and 10,332 quarter shares were issued as bonus.
1942
- 4,800 Bonus shares were issued in prop. 1:4.
1943
- 6,000 Bonus IInd pref. were issued in prop. 1:4.
1948
- 24,000 Bonus Equity shares were issued in the prop. 1:1.
1950
- 8,000 No. of Equity shares were issued in prop. 2:3 to members of Indian Bleaching Dyeing and Printing Works, Ltd., on its merger.
1955
- 31,800 No. of Equity shares were issued in prop. 1:1 to shareholders of New China Mills, Ltd., on its merger.
1958
- 21,950 Bonus Equity shares were issued in the prop. 1:4.
1960
- 43,900 Bonus Equity shares were issued in the prop. 2:5.
1966
- 21,950 Bonus Equity shares were issued in the prop. 1:7.
1972
- 24,380 No. of Equity share were issued on conversion of 7.5% Bonds.
- 1,99,980 Bonus Equity shares were issued in prop. 1:1.
1975
- 1,00,000 Bonus Equity shares were issued in prop 1:4.
1976
- 39,020 No. of Equity shares were issued at a premium of Rs.200 per share on conversion of 8% Bonds.
1977
- Mafatlal Industries Ltd., ceased to be the Holding Company of the Company with effect from 1st January.
1978
- 1,07,804 Bonus Equity shares were issued in prop. 1:5.
1980
- Implementation of the industrial licence for 34,760 additional spindles at Dewas unit was taken up during the year.
1981
- Govt.'s approval was received for modernisation and replacement programme of the Textile Division.
- The Company received letters of intent for the manufacture of methyl chloroform, dichloro diethyl ether and stable bleaching powder.
- The Company issued 2,00,000-13.5% secured convertible bonds of Rs.500 each on rights basis.
1982
- The Company's operations were adversely affected during the first half of the period due to the textile strike in Mumbai.
- Despite the Textile Strike, the company continued to modernise its plant and machinery.
- 60 more Sulzer looms were installed together with the ancilliary machinery.
- Two diesel generating sets of 1200 KVA capacities were installed at Dewas.
1984
- De Mora cells resulted in a saving of about 400 units of power per tonne of caustic soda.
- The Government of India approved the Company's proposal to set up a joint venture name `P.T. Standard Mills Industries' in collaboration with SLM-Maneklal Industries Ltd.
- Land, buildings and plant and machinery of the Company were revalued as on 31st December.
- 2,00,000 shares were allotted on 30th June in part conversion of bonds.
1985
- Production and sales of caustic soda was adversely affected due to stiff competition.
- The Company issued 30,000-15% secured non-convertible bonds of Rs.1,000 each.
1986
- Sales and production of chlorosol declined due to the availability of imported trichlorethylene at lower prices in the market.
1987
- 160 unremunerative ordinary looms were scrapped in one of the Ruti-C looms of wider width for export production.
- The Company's R & D department manufactured and supplied vinyldene chloride to BASF India Ltd.
- A letter of intent was received for the manufacture of 150 million disposable syringes and 300 million hypodermic needles.
1988
- The Company installed 83 new Ruti-C looms of wider width for export production.
- An application was submitted to manufacture alkali alcoholates within the licensed capacity of caustic soda/caustic potash.
1989
- The Company decided to conduct the business of the textile division of the Shanudeep, Ltd.
- The Company proposed to go ahead with the conversion of Uhde mercury cells into membrane cells.
- The name of the company was changed from 'The Standard Mills Co. Ltd.' to `Standard Industries Ltd.'.
1991
- The profitability of Textile division was adversely affected due to upward trend in the prices of cotton and raw materials.
- It was proposed to install 72 air jet looms for export.
- 44,22,212 bonus equity shares were issued in prop. 2:5.
1992
- Two autoconers one at Sewree and the other at Dewsas unit was installed.
- Mafatlal Apprael Manufacturing Co. Ltd., a 100% subsidiary of the Company was amalgamated with the Company.
- The Company offered 32,50,325-17.5% secured redeemable partly convertible debentures of Rs.100 each.
- A portion of Rs.50 of each debenture was to be automatically and compulsorily converted into one fully paid equity share of Rs.10 at a premium of Rs.40 per share.
1993
- Four Vouk draw frames, latest version in spinning technology was commissioned at Prabhadevi.
- One autoconer each was installed at Sewree and Prabhadevi unit.
- 32,50,325 shares were allotted in part conversion of 17.5% debentures.
1994
- The company commissioned 4 Auto-Coners Model AC-238, 1 Two-For-One Twister and 4 Ring frames in the Mumbai units.
- 93,64,034 bonus equity shares were issued in prop. 1:2.
- 1,12,36,840 No. of equity shares of Rs. 10 each were issued at a prem. of Rs. 50 per share on Rights basis in prop. 2:5.
1996
- The performance of the Chemicals division was affected due to the commissioning of a number of large sized caustic soda plants and the competition.
1997
- The Company sold its Dewas Unit as a going concern for a total consideration of Rs. 17,43,75,000/- to S. Kumars Synfabs Limited.
- Prabhadevi and Sewree Units of the Textile Division obtained Certification from SGS Yarsley International Certification Services Ltd. for quality management system meeting the requirements of ISO 9002.
- The Captive Power Plant was running satisfactorily giving the rated capacity and performance after initial teething troubles.
- The Company helped the Polio eradication drive of the Government by providing about 300 Lunch packets.
1999
- The Company's Textile Unit at Surat was sold as a going concern to Patdi Commercial & Investments Limited.
- The Company executed an Agreement with National Securities Depository Limited for the dematerialisation of its Equity Shares.
2010
- The Registered Office of the Company was shifted to Plot No.4, TTC Industrial Area, Thane Belapur Road, PO Ghansoli, Navi Mumbai, Thane - 400 701.
2011
- The company recommended a dividend of Re. 0.75 per equity share of Rs. 5/- each.
- K J Pardiwalla was appointed as an Additional Director.
- D H Parekh was appointed as an Additional Director and Whole Time Director of the Company.
2012
- Standard Industries recommended a Dividend of Re. 0.75 on 6,43,28,941 Equity Shares of Rs. 5/- each of the Company.
2013
- The company recommended a dividend of Re. 0.75 on 6,43,28,941 Equity Shares of Rs. 5/- each.
2014
- The company recommended a dividend of Re. 0.75 on 6,43,28,941 Equity Shares of Rs. 5/- each.
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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