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    Nidhi Granites L History

    BSE:512103  |  IND:Miscellaneous  |  ISIN code:INE276H01013  |  SECT:Miscellaneous

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    The Company History page lists out the major events in chronological order for Nidhi Granites Ltd.

    Company History - Nidhi Granites Ltd.
    YEAR EVENTS

    1981 - The Company was Incorporated on 21st November, in the name of

    Hyperion Trading and Agencies Ltd. for the purpose of carrying

    out business in trading and agencies activities. Its main

    activity is export and mining. The Company's object is to

    manufacture granite slabs and tiles.



    - The Company is in the business of merchant export and was awarded

    Certificate of Merit by CAPEXIL Promotion Council for significant

    contribution to exports.



    - The Company acquired 6 granite quarries in Rajasthan and

    undertook to acquire modern machines for quarrying granite blocks

    for exports. The Company raised an amount of Rs.1 crore through

    a Rights issue to start the quarrying at Rajasthan.



    1995 - 75,000 No. of Equity shares issued, subscribed and paid-up.

    2,25,000 No. of equity shares were then issued at par on 21st

    November, 1981 through a prospectus to the public. The Company

    issued 4,50,000 Rights shares (prop. 2:3).



    1996 - A High Court order was issued to the mining department, Rajasthan

    Claiming that forest area should not be used for mining work, the

    mining department was instructed to shut down the mining work.

    However, the mining work of the Company at Warangal in A.P. was

    reported to be in full swing.



    2016-Registered Office of the Company changed from 505, Sharda Chambers, 15, Marine Lines, Mumbai 400020 to 9, Popat Bapa Shopping Centre, 2nd floor, Station Road, Santacruz West, Mumbai - 400054.

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