YEAR EVENTS 1937 - The Company was Incorporated at Calcutta. The Company's object is to manufacture cement. 1954 - 15,750 preference shares and 15,750 No. of equity shares issued at par. 1962 - The Company persuaded the Industrial Credit and Investment Corporation of India Ltd., which held two-third of 6% preference issue to accept 8.5% basic, participating upto 1.75% only instead of 12.85%. 1965 - 30,250 9.5% pref. shares and 4,57,500 No. of equity issued at par through a prospectus. 1970 - In January, 6,00,000 Right equity shares issued in prop. 3:5. 1979 - Redemption date of 11% pref. shares further extended to a date not later than 31st January, 1983. 2,75,000 No. of equity shares issued. 1988 - There was substantial loss of production mainly due to liquidity constraints which hampered supplies of essential inputs. - The Company embarked on a modernisation-cum-expansion scheme with the assistance of World Bank for increasing the installed capacity from 4 lakh tonnes to 10 lakh tonnes per annum based on 1,650 tonnes per day dry process kiln with a 5-stage suspension pre-heater and pre-calciner. The scheme was to be implemented by 1992-93 in technical and financial collaboration with Holderbank Management & Consulting Ltd. of Switzerland. A letter of intent for this expansion was already received. - The name of the Company was changed from Kalyanpur Lime & Cement Works Ltd., to Kalyanpur Cements Ltd., with effect from 9th March. 1990 - In October-November, the Company issued 56,25,000 No. of equity shares at par as follows: - (i) 53,57,143 shares as rights in prop. 28.571429:10 (only 16,71,762 shares taken up) and - (ii) 2,67,857 shares to permanent employees/workers of the Company on an equitable basis (only 100 shares taken up). The remaining 39,53,138 shares unsubscribed from the rights issue and employees quota was issued as follows: - (i) 20,00,000 shares to foreign collaborators - Holderbank Management Consulting Ltd., - (ii) 2,00,000 shares to NRIs; - (iii) 8,76,569 shares to IDBI and - (iv) 8,76,569 shares to IFCI. - In October, 56,25,000 No. of equity shares issued. 1991 - The Company, however, was able to earn a profit after depreciation and interest mainly due to better price realisation and overall cost control. 1992 - Operations were adversely affected due to increase in the cost of production resulting in loss. 1993 - The new dry process million tonne slag cement plant was commissioned. - During March, the company issued 75,00,000 No. of equity shares of Rs.10 each at par on rights basis in the prop. 1:1. All were taken up. - The rate of dividend on 30,250 preference shares was increased from 11% to 13.5% with effect from 1st February, 1983 and the date of redemption extended to 31st January, 1988. The rate of dividend was again increased to 14% with effect from 1st February, 1988 and redemption date extended to 31st January 1993. - The Company Law Board indicated that both the classes of preference shares would be redeemed by issue of fresh 15% cumulative preference shares together with arrears dividend till date. Accordingly fresh arrears dividend has been calculated on 14% cumulative preference shares at 15% from 1st February to 31st March, the date of redemption fixed on 31st March. 8% cumulative preference shares will have to be redeemed on 15th June. The final order of Company Law Board was awaited. - The Company had made an application to the Company Law Board to redeem 8.5% and 14% Cumulative Convertible Preference shares. Orders were received for redemption of both 8.5% and 14% and to issue fresh 155 cumulative redeemable preference shares. The 1,09,293 - 15% Cumulative redeemable preference are due for redemption not earlier than 31st January 1998 and not later than 31st January 2003. The 57,473 - 15% Cumulative redeemable preference shares are to be redeemed not earlier than 16th June 1998 and not later than 16th June 2003. - 166,766 - 15% fresh Cumulative redeemable preference shares issued. Both 8.5% and 14% preference shares redeemed. 1994 - 50,00,000 rights equity shares issued (prop. 1:3, Prem. Rs.5) 1995 - 1,00,00,000 No. of equity shares (Prem. Rs. 8 per share) issued to promoters. 1997 - 925,000 Pref. shares issued. 2007 -The Company appointed Mr. Shailendra P Sinha as Managing Director of the Company. 2014 -Kalyanpur Cement has announced Rights in the Ratio of 1:2 2019 -Company name has changed to Dalmia DSP Ltd. from Kalyanpur Cement Ltd.