YEAR EVENTS 1981 - The Company was incorporated on 2nd May as a Pvt. Ltd. Company in the name of Shree Balaji Calendering Pvt. Ltd. Subsequently the name of company was changed to Balaji Prints Ltd., on 25th November 1982. It was converted into a public limited company on 17th December 1982. - The main object of the company is Weaving and processing of textiles and synthetic fabrics and trading. The products of the company are marketed under the brand name "RAJKAMAL". 1983 - During, the Company had set up a cotton-cum-synthetic textile processing unit in MIDC Phase - I Industrial Area at Dombivli in Thane was set up for processing, bleaching and calendering of fabrics and sarees. - 1030 No. of equity shares subscribed for by the promoters, directors, their friends, etc. 2,43,970 shares were reserved and allotted to promoters, directors, etc. The balance 1,50,000 shares were offered for public subscription during July. All were taken up. 1985 - The company undertook to set up a processing house for synthetic fabrics at Sachin, near Surat in Gujarat State with an installed capacity of 25,000 mtrs. per day. 1986 - To augment its trading activities, the company had set up a division under the name and style "International Cloth Agency" at Kalbadevi Road in Mumbai with effect from 1st April. - The name of the company was changed to Rajkamal Synthetics Ltd. - During December, the company issued 4,50,000 - 15% non-convertible debentures of Rs. 100 each for Rs. 450 lakhs as rights to equity shareholders in proportion 9 debentures : 5 equity shares out of which only 4,05,000 debentures were taken up. These debentures are redeemable at a premium of 5% in five equal annual instalments between 5 to 9 years from the date of allotment. These debentures were allotted to 10th April, 1987. - 19,10,000 No. of equity shares issued at par as rights in prop. 31:4. Another 95,000 No. of equity shares were offered at par to employees (including Indian working directors) on an equitable basis (All were taken up). 1987 - The second phase of its expansion programme, the company installed most of the machinery and the unit was equipped with latest generation of processing technology/machines for production of cotton/synthetic fabrics. - It was also proposed to set up a texturising unit at Silvassa, a Centrally notified backward area in the Union Territory of Dadra and Nagar Haveli. 1991 - Production, sales and profitability were affected due to the Gulf crisis and increasing competition in the local market. 1992 - Production and profitability was affected due to the extensive darna caused to the plant by cyclone in June, production loss due to revamping of plant, communal riots and fire in the plant in November. 1993 - The company suspended manufacturing activity at its plant at Suart since June. 2008 -Company has informed that the given below are the details of the email id designated exclusively for grievance redressal division / compliance officer: ashok@seantometal.com 2011 -The company has received permission from the bombay stock exchange in the year 2011 for preferential issue in favor of unsecured creditors and promoters/ co partners for rs 475 lakhs. 2012 -The Board of Directors of the Company have appointed Mr. Ashok H. Jakhotia and Mr. Jagdish B. Ladha as as Independent Directors of the Company.