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Standard Industries Ltd logo

Standard Industries Ltd

NSE: SIL BSE: 530017

₹15.90

(0.51%)

Sat, 14 Feb 2026, 11:22 am

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Company 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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