Keerthi Industries Ltd. Company History and Annual Growth Details

YEAR EVENTS
1982 - The Company was Incorporated on 17th May, at Hyderabad (AP). The
Company was promoted by V.C. Brahmanna. The Company's object is
to manufacture ordinary portland cement.

1985 - 880,000 shares taken up by promoters etc. and 420,000 shares
allotted to APIDC. 1,500,000 shares then issued at par out of
which 600,000 shares were reserved for pref. allotment to NRIs
with repatriation rights. Only 163,300 shares were taken up.
The balance 900,000 shares along with 436,700 shares not taken up
by NRIs were offered for public subscription during Sept. Only
675,600 shares were taken up. The balance 661,100 shares
devolved on the underwriters (321,735 shares on IDBI, 171,886
shares on ICICI and 167,479 shares on IFCI).

1988 - The plant could not be operated at full capacity due to power cut
as high as 40%.

1989 - The Company came under, the provisions of the Sick Industrial
Companies (Sp. Provisions) Act. 1985 and as per its requirement a
reference to the Board for Industrial and Financial
Reconstruction was made.

1990 - The Company installed one 1000 KVA DG set which was commissioned
in January.

- Financial Institutions approved a plan to expand the capacity to
300 tonnes per day.

1991 - 2,095,150 No. of equity shares allotted at par as rights and to
employees.

1992 - During February-March, the Company offered 18,00,000 rights
equity shares of Rs.10 each for cash at par in prop. 2:3 (all
were taken up). Additional 2,70,000 shares allotted to retain
oversubscription.

- Another 90,000 shares of Rs.10 each were offered to employees on
an equitable basis. (only 25,150 shares taken up). Unsubscribed
64,850 shares were allowed to lapse.

1994 - The Company entered into a marketing tie-up arrangement with the
Associated Cement Companies Ltd. to sell the company's products
in the neighbouring states of Tamil Nadu, Karnataka, Pondicherry
and Maharashtra.

- The Company proposed to enhance the capacity of Rotary Kiln mini
plants to 600 tonnes per day with the support of financial
institutions.

2005

-Company has changed its name from Suvarna Cements Ltd. to Keerthi Industries Ltd.

2008

-The Company have created Email ID exclusively for the purpose of registering compliants by investors.

2017

-Company has Commenced Operations of Waste Heat Recovery Project.

2021

-Company sold Wind power business of Rs . 2.52 cr