YEAR EVENTS 1980 - The company was incorporated on 8th July, at Mumbai as a private limited company. It was converted into a public limited company on 19th October 1983. The main object of the company is to manufacture industrial papers such as M.G. Kraft, crepe Kraft paper, poster paper, blue match paper etc. The company was promoted by Ashok J. Ramsinghni, Vishnu J. Ramshinghani and associates. 1983 - 13,10,000 No. of equity shares taken up by promoters, etc. Including 13,09,800 shares by Vald International Inc. USA. 5,40,000 shares offered at par to the public in March 1984 of which 27,000 shares to employees etc. and 10,800 shares to business associates of the company were reserved for allotment. 1984 - The Company developed new value added products such as low grammage kraft paper, crepe kraft paper, coated abrasive packing paper and high burst strength sack kraft paper. Some trial runs were undertaken. 1985 - During the year, the Company commenced production of high burst strength sack kraft paper utilised in the manufacture of multiwall paper sacks and HDPE Woven sacks for packing cement, fertiliser etc. 1986 - The Company undertook a expansion-cum-modernisation programme to increase the existing capacity by 2,000 tonnes to 12,000 tonnes. 1990 - The Company's licensed capacity was revised upwards from 10,000 tonnes to 15,000 tonnes per annum. The Company also registered with Ministry of Industry for the manufacture of 10,000 tonnes per annum of speciality papers thereby increasing the total licensed capacity from 10,000 tonnes to 25,000 tonnes per annum. 1991 - Performance improved through effective cost control and improvement in net realisation of the company's products. 1992 - During the year, the company undertook to manufacture lower GSM plain and ribbed kraft paper by putting into operation, the second machine in March 1993. - The Company undertook to increase the installed capacity of M/C-I for manufacture of kraft paper from 13,200 TPA to 21,000 TPA. Also, undertook to increase the effective installed capacity of M/C-II for manufacture of low GSM kraft and poster paper from 4,950 TPA to 8,400 TPA. In addition, necessary steps were taken to improve the product-mix for higher value added items at lower cost to ensure fuel and energy efficiency at all levels of production. - The Company proposed to issue 18,50,000 No. of equity shares of Rs. 10 each at a premium of Rs. 20 per share on rights basis in the proportion of 1:1. - Another 92,500 No. of equity shares of Rs. 10 each at a premium of Rs. 20 per share were to be offered to the employees of the Company on an equitable basis. - On 24th September, Nath Pulp & Paper Mills Ltd., along with its associate companies tookover the management control of the Company through acquisition of the Company's equity shares aggregating 51.41% of the existing paid-up capital. 1993 - The Company was reported to have performed considerably well. Value added papers like power GSM plain & ribbed kraft, posters, sack kraft and pink manila were produced on machine II and were well received in the market. - Between September 27th, and 6th November, Nath Pulp & Paper Mills Ltd., along with its group companies offered to buy shares of the company from its shareholders to the extent of 5,16,500 shares of Rs. 10 each representing about 27.92% of the present voting capital of the Company. - 4,00,00 shares issued. 1994 - During March, the Company issued 31,50,000 No. of equity shares of Rs. 10 each at a premium of Rs. 70 per share on preferential allotment basis to the promoters. 2007 -Company has recommended a final dividend of 10%. 2011 -Rama Pulp & Papers Ltd recommended dividend @ Rs. 0.50, i.e. 5% per equity share. 2019 -Company name changed to Nath Industries Ltd. from Rama Pulp & Papers Ltd..