YEAR EVENTS 1986 - The Company was incorporated at Hyderabad, Andhra Pradesh on 26th May, as a private limited company and converted into public limited company on 10th December, 1988. - The Company was originally Promoted by Shri V. Padmakar and Shri P V L N Raju. Subsequently the Company has been brought into the assisted sector by the Equity participation from APIDC and technical and financial collaboration and M/s. MORI-SPA, Italy. - The main objective of company is to manufacture vitrified unglazed and glazed ceramic floor and wall tiles and other ceramic products. - The Company undertook to set up a plant on a plot of land admeasuring 12 acres at Malkapur village in Medak District of Andhra Pradesh for the manufacture of 12,000 TPA of fully vitrified unglazed medium and heavy duty ceramic floor and wall tiles in plain and granite finishes in various sizes, colours and textures including mirror polished in technical collaboration with Mori-Spa, Italy. - Major plant and machinery such as hydraulic presses, horizontal infra-red continuous drier, fast firing roller kiln were imported from MORI-Spa and polishing line was supplied by Pedrini-SpA, Italy. - The company entered into technical collaboration agreement with Mori-SpA, Italy, for providing technical know, supplying major plant and machinery and assisting in erection and installation of plant. The agreement also provides for the guarantees for quality, capacity of output, consumption of raw materials/duration of the performance run, etc. 1991 - 85,50,000 No. of equity shares issued at par out of which the following shares were reserved and allotted: - (i) 17,00,000 shares is promoters, Indian resident directors, etc.; - (ii) 2,50,000 shares to M/s. Mori-SpA, Italy; - (iii) 10,00,000 shares to Mutual Funds and venture capital Funds and - (iv) 5,00,000 shares to APIDC. - Another 4,27,500 shares were reserved for preferential allotment to employees, etc. of the Company and those of promoter companies out only 3,47,700 shares taken. - The balance 46,72,500 shares along with 79,800 shares not taken up by employees, were offered to the public in December. Additional 8,92,988 shares were allotted to retain oversubscription (7,65,000 shares to the public and 1,27,988 shares to promoters, etc.). 1994 - The production, capacity utilisation and turnover would have been higher but for the increase in input cost due to the steep hike in the cost of LPG by 78% and erratic power supply. The company commissioned an additional generator to improve the yield and quality of the output from the kiln. 1995 - During the year, the company developed special range of smaller sized and thinner tiles for effective applications on the elevation of the buildings which was expected to receive good demand from market. 2008 -The company has issued rights in the ratio of 26:35 at a premium of Rs 0/- Per Share. 2009 - Restile Ceramics Ltd has informed that the Board of Directors of the Company at its meeting held on July 11, 2009, inter alia, has appointed Mr. Padmanabhan as an Additional Director in Independent Capacity to hold office till conclusion of ensuing Annual General Meeting.