JK Cement Share price

Our HistoryThe Company is promoted by Dr. Gaur Hari Singhania Mr. Yadupati Singhania Yadu International Limited and Juggilal Kamlapat Holding Limited. The Company was incorporated under the Companies Act as J.K. Cement Limited on November 24 1994 and obtained its certificate of commencement of business on the same date. One of the main objects of the Company as contained in our Memorandum of Association is the acquisition of the whole or substantially the whole of the undertakings and properties comprising the JKSL Cement Division.Due to continuous losses the net worth of JKSL became negative and consequently JKSL applied to the BIFR which registered JKSL as a sick company on April 2 1998. Subsequently the matter was referred to the AAIFR which formulated a Scheme of Rehabilitation for JKSL. Pursuant to the Scheme of Rehabilitation the JKSL Cement Division was acquired by the Company as a ?going concern? on ?as-is-where-is? basis through a slump sale with effect from November 4 2004. Prior to the acquisition the Company did not have any substantial business activity.Key EventsThe key events in respect of the JKSL Cement Division and the Company are set forth below: Year 1975 The grey cement plant at Nimbahera with an initial capacity of 0.3 MnTPA commenced commercial production1979 A second production line was added at Nimbahera increasing the capacity from 0.3 MnTPA to 0.72 MnTPA 1982 A third production line was added at Nimbahera increasing the capacity from 0.72 MnTPA to 1.14 MnTPA1984 Lime-based white cement plant was established at Gotan with an initial capacity of 0.05 MnTPA1987 A captive thermal power plant was installed at Bamania1988 A pre-calciner was installed at Nimbahera increasing the total capacity to 1.54 MnTPA1990 The JKSL Cement Division instituted "Architect of the Year" award1994 (i) The Company was incorporated(ii) The "Regional Training Centre" for Northern India which was established at the Nimbahera plant of the JKSL Cement Division with aid from the World Bank and the Danish International Development Agencycommenced service2000 The total capacity of the white cement plant at Gotan was increased to 0.3 MnTPA as a result of continuous modernization and upgradation2001 A new grey cement plant with a capacity of 0.75 MnTPA was installed at Mangrol 2004 (i) The Company acquired the JKSL Cement Division(ii) The total capacity of the grey cement plant at Nimbahera was increased to 2.8 MnTPA as a result of continuous modernization and upgradation 2005 (i) The Company allotted 7426950 Equity Shares to the shareholders of JKSL pursuant to the AAIFR order dated January 23 2003(ii) The Company was listed on the BSE