YEAR EVENTS 1982 - The company was originally incorporated on 26th August in Assam as Sudershan Plywood Industries Private Ltd., a leading company of the S.P. Goenka Group. Became a public limited company on 1st April, 1985. The company started manufacturing various grades of plywood from 1986 at its factory is Assam. The products were marketed under the trade name "Swastik". - The main objective of the company is to manufacture various grades of plywood, black boards, flush doors, technical grade speciality plywood, etc. 1984 - 4,100 shares issued without payment in cash. 1985 - The plant and machines, land and buildings of Margherita and Tinsukia factories were revalued on 30th June. - Himalayan Plywood Industries Pvt. Ltd., a company engaged in the manufacturing commercial plywood was amalgamated with the company from 1st September. The activities of Himalayan Plywood Industries Pvt. Ltd., would be carried on in the name and style of the company. As per the amalgamation scheme, 7,35,000 No. of equity shares of Rs. 10 each were allotted to the shareholders of Himalayan Industries Pvt. Ltd. - Shares subdivided on 1st April. Then authorised capital increased 10,00,000 shares of Rs. 10 each then issued at par out of which 1,00,000 shares were reserved and allotted on a preferential basis to employees, directors, business associates, etc. The balance 9,00,000 shares were offered to the public in August. 2,50,000 additional shares allotted to retain over-subscription (1,50,000 shares to the public and 1,00,000 shares to directors, their friends, etc. and business associates. 1986 - A higher margin could not be achieved as the company switched over to imported wood/wood products on account of scarcity in domestic raw materials. - 7,35,000 shares allotted without payment in cash to members of Himalayan Plywood Industries, Pvt. Ltd. on its merger. 1987 - The company proposed to introduce the `Slicing Process' with a view to increase the face yield and also to utilise non-peelable lower quality imported logs and indigenous logs for conversion into commercial veneer. In addition, the decorative texture accorded by the new process, was expected to tap the exports market. 1988 - The company introduced "Firegard" a fire resistant plywood, a new concept in the field of plywood. 1989 - As a longterm measure, the company launched an agro-forestry project for growing Kadam trees on the waste land and also in the tea gardens in Assam and Arunachal Pradesh for captive consumption of plywood factories. - With effect from 1st April, Art Plywood Industries, Ltd. (APIL) was merged with the company. As per the Scheme of Amalgamation, 6,51,527 No. of equity shares of Rs. 10 each were allotted to the equity shareholders of APIL in the ratio of 43 equity shares of the company for every 50 equity shares held in APIL. - With effect from 4th April, the name of the company was changed from `Sudershan Plywood Industries, Ltd. to `Kitply Industries, Ltd.'. 1990 - Over three lakh kadam plants were planted in Assam and Arunachal Pradesh under industry-farmers nexus basis. The company proposed to plant 5 lakh kadam plants each year in these two states. Steps were taken to popularise the plantation scheme in the States of Nagaland and Meghalaya also. - During March, the company issued 1,00,000-14% secured redeemable non-convertible debentures of Rs. 100 each on private placement basis. The debentures were to be redeemed at a premium of 5% in three equal annual instalments at the end of the 7th, 8th and 9th year from the date of allotment. - During March, the company issued 4,50,000-14% secured redeemable fully convertible debentures of Rs. 170 each of which 1,24,250 debentures were offered on rights basis in the ratio of 1 debenture for every 20 equity shares held. Additional 18,640 debentures were allotted to retain over subscription. Of the balance 3,25,750 debentures, 22,500 debentures were offered on preferential basis to employees/workers of the company. Only 5,170 debentures were taken up. The remaining 3,03,250 debentures, along with the unsubscribed portion of 16,790 debentures of the employees' quota, were offered for public subscription. Additional 48,860 debentures were allotted to the public to retain over subscription. - As per the terms of the issue, the entire amount of Rs. 170 per debenture was converted into 10 equity shares of Rs. 10 each at a premium of Rs. 7 per share at the end of six months from the date of allotment, i.e., 16th November. Accordingly 51,75,000 No. of equity shares were allotted on 16th November. - With effect from 1st April, Nuboard Manufacturing Company, Ltd. was amalgamated with the company. As per the Scheme of Amalgamation, 12,00,000 No. of equity shares of Rs. 10 each were allotted to the shareholders of Nuboard Manufacturing Co., Ltd. without payment in cash in the proportion 60 shares of Kitply Industries, Ltd. for every 100 shares of Nuboard Manufacturing Co. Ltd. 1992 - In August/September, the company issued 47,55,764 rights shares of Rs. 10 each at a premium of Rs. 20 per share in the proportion 1:2. - Another 2,37,788 No. of equity shares of Rs. 10 each at a premium of Rs. 20 per share were offered to the employees. - The company issued 160,00,000 No. of equity shares of Rs. 10 each at a premium of Rs. 40 per share for its modernisation, diversification and expansion programmes at its various units. - 4,765,864 shares allotted as rights issue. 1993 - Due to the lock-in-period of five years imposed by SEBI, the company could not go ahead with its plant for a private placement of 40 lakhs equity shares with FIIs. - On 24th February, 45,844,320 No. of equity shares of Rs. 10 each issued on amalgamation of Asian Woods and Polymers Pvt. Ltd., as per the scheme of Amalgamation by the Hon'ble High Courts at Guwahati & Karnataka, Bangalore. - The Company issued and allotted further 47,55,764 fully paid Equity Shares to the Shareholders and 10,100/- fully paid Equity Shares to the Employees and Workers of the Company at a premium of Rs 20/- each. 1994 - During the year, the company undertook to set up a new sugar factory with a capacity of 3,500 TCD at Rupapur, Tehsil Shahabad, Hardoi. - Global Sugar Ltd. was amalgamated with the Company with effect from 1st October. According to the said scheme of amalgamation for every equity share of Rs. 10 each credited as fully paid up in Global Sugar Ltd., 100 equity shares of Rs. 10 each credited as fully paid up in the company, were required to be allotted at par. 1995 - 16,000,000 No. of equity shares at a premium of Rs. 40 per share issued under public issue. 700 shares issued. - The Company Public Issue of 1,32,00,700 No. of equity shares in February. 1997 - Kitply Industries Ltd has set up an institute for land restoration and agro-forestry in collaboration with Indian Institute of Technology, Kharagpur. - The company has diversified into sugar manufacturing by setting up a 3500 tcd capacity sugar unit in western UP. - The company is launching its laminates under the brand Kitmica, domestic hardware like door handles and knobs as Kitware, and its adhesives as Kitcol. 1999 - The company has decided to expand its decorative lamination unit at Igatpuri in Maharashtra. 2000 - The company has signed a tripartite agreement with NSDL and Computech International Ltd, R&T agent, for dematerialising the shares of the company. - The Company has reopened three of its plywood manufacturing units in Assam which were closed since 1996. - Four Calcutta-based groups - Emami, Khaitan, Kitply and Titagarh Industries have joined hands to float a business-to-business electronic procurement portal www.MatManage.com. - Kitply Industries Ltd has launched Kitply Gold, the anti-borer marine plywood. - The suspension in trading of equity shares of Kitply Industries will be revoked effective from 27th September. - The company has increased the capacity of its sugar unit, located at Hardoi in Uttar Pradesh. 2003 -Shri Anil Bnaka is reappointment as the wholetime Director of the Company 2007 -Kitply Industries Ltd has informed that the Board of Directors in their Meeting held on 31st January, 2007 has duly accepted the resignation of Shri V.Prakash nominee of ICICI Bank Ltd. with effect from 31st January 2007 and also duly approved the reappointment of Shri S.N.Jajodia as Whole time Director. 2008 - Kitply Industries Ltd has informed that "The Company have appointed Ms. Shabnum Zaman as our Company Secretary and she will be joining the organization at a date not later than 24-07-2008. Further IDBI Limited has withdrawn their nominee Mr. S. K. Pai from the Board of Directors of the Company." - Kitply Industries Ltd has appointed Mr. Nitin Sahni and Mr. Rajnikant C. Dani as an Additional Directors on the Board of the Company effective from September 24, 2008. 2009 - Kitply Industries Ltd has appointed Mr. S.V. Venkatakrishnan (Nominee of Arcil), as an Additional Director, and also as the Member of the Audit Committee of the Board. --Registered Office of the Company has been shifted from Rungagora road , Tinsukia, 786125 (Assam) to Makum Pathar, A.T. Road , Margherita- 786181 (Assam).