YEAR EVENTS 1960 - The Company was incorporated on 17th October, at Calcutta. The main objective of the company is to manufacture cotton yarn and cloth, staple and viscose yarn and polyester blended yarn. 1961 - Issued 45,000 No. of equity shares to directors, etc. and 4,000 Pref. and 20,000 No. of equity shares to Rajasthan Govt. 20,000 Pref. and 1,75,000 No. of equity shares offered to public to October. 1970 - Issued 1,31,449 Bonus equity shares in the prop. 3:10. 1973 - 3,06,716 bonus equity shares issued in the prop. 7:13. 1976 - 2,20,000 No. of equity shares allotted at par to financial institutions on conversion of loans. 10,96,430 bonus equity shares were then issued in the prop. 1:1. 1978 - 6,000-9% Pref. shares redeemed. 30,000-11% Pref. shares issued to GIC and its subsidiaries. 11% Pref. shares redeemable during 1.7.1991/94. 1980 - The company received a letter of intent for the manufacture of polyester sewing thread with an annual capacity of 120 tonnes. Collaboration agreement was entered into with Zwicky & Co., Switzerland. - 92,500 equity shares allotted at par to financial institutions on conversion of loans. 1981 - 7,62,398 bonus equity shares issued in prop. 1:3. 1986 - The Company received registration for a sponge iron project. Letters of intent were received for the setting up of; - (i) a 12,000 spindles worsted spinning project and - (ii) process house for processing 240 lakh metres of suitings, shirtings, sarees and dress material. 1987 - The labour trouble of July/September settled down. - The company undertook another modernisation programme the machinery installed including the latest autoconers with splicing and electronic yarn cleaning arrangements and two for one twisters along with latest carding machines. 1990 - 6,912 spindles were added in the Banswara Unit. 1991 - 30,49,593 bonus shares issues in the prop. 1:1. 1992 - The company undertook expansion of spindles of polyester viscose yarn at Banswara to increase its installations of P/v spindles from 18,576 to 27,792 nos. Also another project for manufacture of P/c yarn was undertaken at Banswara by installing 9,216 spindles. - The Company undertook to install 9,216 spindles at Bhilwara for manufacture of milange yarn. - Memorandum of Understanding was signed with the Madhya Pradesh Government for beneficiation of 2000 TPD of rock phosphate integrating it to manufacture of single phosphoric acid, super phosphate and di-ammonium phosphate. - The Company has entered into a Memorandum of understanding with RIICO for putting up a Granite Processing Plant in Rajasthan and has taken four mining leases for granite. 1993 - The company had signed two MOUs with Himachal Pradesh Government for implementing the 86 MW Malana and 180 MW Allain Duhangan projects located in district Kullu in H.P. The project is proposed to be set up as a division of the company. - Bhilwara Melba De Witte Ltd is a joint venture between the company and its Australian and Belgian partners. 1994 - 10,368 spindles on polyester blended yarn were installed and commissioned at Kharigram unit. Later Rieters from Switzerland, Autoconers from Schlaforst (Germany) and Two-for-One Twister from S. Korea were installed. Also 24 Sulzer weaving looms were installed. - The company installed singeing machine from Parex, UK, KD Suprema from Biella (Italy), Contifit from Menschner (Germany) and obtained dyeing technology from S. Korea for manufacture of `Mayur' fabrics which matches world best processed fabric. - The major work was undertaken for setting up a project for manufacture of polyester staple fibre to produce 80,000 TPA. - The company along with its group company HEG Ltd. and in partnership with a US based Cellular company is to promote "Bhilwara Cellular Ltd." - The company along with RSW International, Montreal, Canada promoted (on a 50:50 basis), a consultancy company with an initial equity share capital of Rs. 63 lakhs. - 60,09,186 bonus shares issued in prop. 1:1. 20,67,875 equity shares allotted at a prem. of Rs. 145 per share to promoters; directors etc. on preferential basis. 20,67,835 bonus equity shares allotted. Prop. 1:1 as above pref. issue. 35,50,000 equity shares allotted in private placement basis to financial Institutions & Mutual Fund. - The Company has also signed a MOU with M/s. Hydro Quebec International, Canada for implmentation of these projects. 1995 - The company has entered into negotiations with Dominion Textile Inc., Canada, for 51:49 partnership for setting up an integrated 24 mn. mtrs. per annum high value added Denim manufacturing facility in Madhya Pradesh. 1996 - The overall performance of the company improved due to higher volume of sales, better product-mix and improvement in techno-economic parameters despite continuous fluctuation in yarn prices owing to fall in polyester staple fibre. - The company was planning to complete expansion plans by adding 9,360 spindles at Melange unit for manufacturing fancy dyed cotton yarn and 8 Airjet looms at Gulabpura to take care of increased requirement of fabric exports. The company also plans to add some two-for-one twisters at Banswara unit to increase the doubling capacity. - The Company's strategy of high value added product diversification, it has entered into a 50:50 Joint Venture tie-up with Australia's leading manufacturer of Automotive Furnishing fabrics - CALUM AUSTRALIA PTY. LTD., to manufacture their product range in India, with a capacity of 1.8 million. mtrs. per annum. 1997 - It was also proposed to install 16 airjet looms at Gulabpura besides modernisation of spinning division. It was also proposed to implement a balancing scheme and further expansion of polyester cotton spinning at Banswara. - The company set up a separate power division and the power division was to set up two power plants of capacity 4.2 MW each at Gulabpura and Banswara. These power plants are to be commissioned by May 1993. - Subject to necessary approvals being obtained the company proposed to amalgamate Bhilwara spinners Ltd. with itself. - The Compny has entered into joint venture agreement with $110-million Calum Australia Pvt. Ltd. and $125-million De Witte Lietaer of Belgium for manufacture of automotive furnishing fabrics. 1998 - Malana Power Company Limited the wholly owned subsidiary of the Company proposes to wheel the power from Himachal Pradesh to Rajasthan for captive consumption by the LNJ Bhilwara Group Companies. 2000 - The Company has signed separate agreements with NSDL and CDSL to facilitate all types of investors to hold and trade in the company's equity shares in dematerialised (electronic) mode. 2003 -Rajasthan Spg. & Wvg. Mills Ltd. has informed that on request of the company for voluntary delisting of its equity shares, the company has received communication from The Delhi Stock Exchange Association Limited (DSE) that the equity shares of the company have been delisted from the stock exchange (DSE) w.e.f. December 29, 2003. 2004 -Rajasthan Spg foray into readymade garments 2006 -Company has changed its name from Rajasthan Spg. & Wvg. Mills Ltd. to RSWM Ltd. 2012 - Shri Arun Churiwal has been re-appointed as Managing Director. 2013 -RSWM Ltd has has recommended 100% i.e. Rs. 10/- per share dividend on Equity Shares. 2014 -RSWM Ltd has has recommended 125% i.e Rs. 12.50 per share dividend on Equity Shares. 2022 -The company issued rights shares of Rs. 10 in the ratio of 1:1 at a premium of Rs. 90 per share. 2022 -The company issued rights shares of Rs. 10 in the ratio of 1:1 at a premium of Rs. 90 per share.