Uflex Ltd
NSE: UFLEX BSE: 500148
₹481.70
(1.35%)
Sat, 07 Mar 2026, 00:09 am
Market Cap34.67B
PE Ratio12.01
Dividend0.62
Process Industries
Containers/Packaging
24.5KCompany History
1988
- Incorporated on June 21; obtained commencement certificate August 8.
- Promoted by Ashok Kumar Chaturvedi and Harish Chaturvedi.
- Amalgamated assets/liabilities of Flex Laminates Ltd. and Flex Papers Ltd. effective August 1.
- Subscribed 70 equity shares by signatories; allotted shares to amalgamated companies.
1989
- Proposed Modernisation-Cum-Backward integration at Noida: projects Rs. 234 lakhs and Rs. 775 lakhs.
- Issued 21,59,274 equity shares to promoters; reserved for employees and public subscription.
1990
- Embarked on technology upgradation including 8-colour rotogravure printing machine.
- Issued 2,13,000 secured redeemable non-convertible debentures to Canbank Mutual Fund.
- Issued 25,00,000 rights equity shares 1:2; 1,25,000 to employees.
1991
- Issued 26,25,000 equity shares of Rs. 10 at premium Rs. 10 on rights 1:2.
1993
- Exports reached Rs. 26.98 crores from Rs. 1.57 crores previous year.
- Planned state-of-the-art PET film plant.
- Planned BOPP film plant 15,000 TPA and PET expansion to 23,000 TPA.
- Issued 38,12,500 17.5% partly convertible debentures on rights 1:2.
- Issued 1,20,000 17.5% partly convertible debentures to employees.
- Issued 9,15,000 18.5% NCDs with warrants on rights 16:50 equity shares.
1994
- Issued 45,75,500 equity shares at Rs. 10 + premium Rs. 215 on rights 2:5 with warrants.
- Issued 22,87,750 13.5% NCDs on rights 1:5 with warrants.
- Allotted 49,28,416 equity shares at premium Rs. 215.
1995
- Achieved significant growth despite BOPP film shortage.
- Issued 31,05,590 GDRs representing 62,11,180 equity shares in November.
- Issued 74,53,416 GDRs for US$30 million in December.
1996
- Modernised and expanded polyester film unit from 12,000 tpa to 24,000 tpa.
- Established JV Flex Vin Inc. with Vinmar Inc. in USA.
- Won DuPont Award for Innovation in Food Processing and Packaging, USA.
- Awarded ISO-9002 certification for one unit.
- Allotted 7,453,416 equity shares from GDRs.
- Director changes including retirements, re-appointments, and resignation of Shri R.K. Sharma.
1997
- CRISIL downgraded non-convertible and partly convertible debentures from A+ to A.
- CRISIL downgraded fixed deposits from FA- to FA+.
- CRISIL downgraded Flex Engineering Ltd debentures from AA- to A.
1998
- Developed new products including cement packaging, pouched flexi tubes, peelable medical film.
- Faced liquidity issues due to PET/BOPP conditions and economic slowdown.
- Allotted 915,000 18.5% secured NCDs with warrants.
1999
- Flex Industries and Polyplex formed JV by hiving off polyester film businesses; 39,000 tpa capacity.
2000
- Board approved acquisition of 100% shareholding in Cincom Systems India Pvt. Ltd.
2001
- ICICI-led FIs sanctioned debt restructuring package.
- Issued 10,000,000 warrants at Rs. 24 to promoters and associates.
- Rs. 700 crore restructuring package cancelled by FIs.
- Delhi High Court rejected bail for Ashok Chaturvedi in bribery case.
2002
- Appointed Mr. M G Gupta and Mr. N Sitaraman as directors.
- UTI nominated Shri K.E.C. Raja Kumar replacing Shri Ravi Kathpalia; latter co-opted.
- Appointed Mr. N Sitaraman as Director (Secretarial & Legal) from July 8.
2003
- Approved allotment of 10,000,000 equity shares from warrants conversion.
- Appointed Mr. Paresh Nath Sharma as Whole-time Director from September 15.
- Major fire at two production lines in Sector-60, Noida on October 1.
- Appointed Mr. P Abraham as UTI nominee director.
- Department of Company Affairs appointed independent investigator.
2007
- ICICI Bank nominated Mr. Sandeep Malhotra as nominee director.
- Changed name from Flex Industries Ltd to Uflex Ltd.
- Shifted registered office to 305, 3rd Floor, Bhanot Corner, Greater Kailash-I, New Delhi.
2008
- IFCI nominated Mr. Javed Yunus as nominee director.
2009
- Started BOPET Film + Barrier Metallisation at Mexico.
2010
- Started BOPP Film + Barrier Metallisation at Egypt.
2011
- Started CPP Film production at Egypt.
- Started AlOx Coating at Egypt.
- Started BOPET Film production at Egypt.
- Commenced construction of BOPET Film plant in Poland.
- Commenced construction of BOPET Film plant in USA.
2012
- Recommended dividend of Rs. 2.00 per share (20%).
2013
- Recommended dividend of Rs. 2.40 per share (24%).
2014
- Recommended dividend of Rs. 2.50 per share (25%).
2015
- Won Silver Award for Flex Safepack at 27th DuPont Awards for Packaging Innovation.
- Won Make in India Award for Excellence.
2016
- Launched SSFL in Gujarat.
- Honoured with CSR Leadership Award 2016.
- Won two packaging awards.
- Launched Extrusion Lamination Machine in India.
2017
- Commissioned aseptic liquid carton packaging plant in Sanand, Gujarat; first Indian company.
- Won Indiastar and SIES SOP Star Packaging Excellence Awards 2017.
- Chemicals business won CII National Award for Excellence in Water Management 2017.
- Honoured with Bureaucracy Today CSR Excellence Award 2017.
- Engineered flexfresh bag for papaya sea freight export.
- Launched Super Barrier Polyester Film.
2018
- Waterless Internet Flower Packaging won top honors at Sustainability Awards 2018.
- Supported Fresca launch in holographic aseptic packs.
- Small sachets won at FPA and AIMCAL Awards 2018.
- Chairman received Economic Times Polymers Lifetime Achievement Award 2018.
- Flexfilms launched two new advanced BOPET films.
2019
- Launched Asepto Eye packaging solution for beverages at Gulfood Manufacturing 2019.
- Honoured with Excellence in Packaging – Beverages at ET Polymers Awards 2019.
2020
- Commissioned second BOPET line in Poland.
- Uflex Chemicals launched dual-purpose sanitizer Flexguard-I.
2021
- Teamed with Hoffer Plastics and Mespack to launch 100% recyclable mono-polymer hot-fill pouches.
- Joined Alliance to End Plastic Waste to build circular plastic economy.
2022
- UFlex Chemicals introduced Zero Liquid Discharge Technology at Noida facility.
- Partnered with CREDUCE to achieve carbon neutrality, targeting 175,000 tonnes CO2e reduction by 2024.
- UFlex Chemicals acquired India patent for solvent-free pigmented adhesive and preparation process.
2023
- Commissioned CPP packaging films line in Dubai.
- Commissioned BOPET packaging films line at Dharwad, Karnataka.
- Commissioned PCR packaging films line in Mexico.
2024
- Achieved commencement of commercial production at Panipat facility with 1,68,000 MTPA capacity.
- Commenced commercial operation of CPP Film production line at Flex Films Rus LLC, Russia.
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