YEAR EVENTS 1980 - The company was incorporated on 20th February at Delhi. It was promoted by B.K. Garodia a technocrat in financial collaboration with Himachal Pradesh Mineral & Ind. Development Corp. Ltd. The company manufactures cotton and synthetic blended yarn. 1984 - 10,10,045 No. of Equity shares taken up by promoters, etc. including (HPMIDC). 25-11% Pref. shares allotted to promoters, etc. 16,19,955 No. of equity shares issued at par of which 89,955 No. of Equity shares reserved and allotted to HPMIDC. The balance 15,30,000 shares offered to the public in Dec. 1984. 1988 - The Company installed additional balancing equipments. 1989 - The company proposed to instal Ring Data System for individual spindles for monitoring production efficiency. - The expansion and balancing scheme involving a capital expenditure of Rs 110 lakhs was implemented. IFCI gave its sanction for a marginal expansion cum balancing scheme involving inter-alia imports of auto coners and combers. 1990 - A marginal expansion cum balancing scheme involving interalia import of autoconers & combers was taken up and was under completion. The company submitted another marginal expansion and balancing scheme involving capital outlay of Rs. 1.3 crores. - During May-June, the Company offered 3,94,500 No. of equity shares of Rs 10 each for cash at par on Rights basis in the propn. 15:100. Only 41,000 shares taken up. Out of the 3,53,500 shares remaining 3,34,000 shares were allotted privately leaving 19,500 shares unsubscribed. - Simultaneously, another 19,725 No. of equity shares were issued at par to employees under the Employees' Stock Option Scheme. 1991 - The Company privately placed with Canbank Mutual Fund 18% non-convertible debentures of Rs 100 each for Rs 95 lakhs. These debentures are redeemable at 5% premium in three equal annual instalments commencing from 5th year from 1.1.1992 (the date of allotment of debentures). 1993 - The Company imported two autoconers from Japan. Efforts were on to install more balancing equipments to make better use of existing machines. 1994 - During the year 1,65,000 redeemable cumulative pref. shares were allotted to SCICI, GIC and its subsidiaries. 2007 -The company has designated E-mail ID for Investors' Grievances: investorrelations@himachalfibre.com 2009 -The company appointed Shri. Ajai Singh as Special Director. 2010 -The company appointed Shri. Rajinder Kumar as a Whole Time Director. -The company appointed Shri Sushil Singla, as Director Independent & Chairman & Shri Rajan Dhawan as Director Independent. -Mr. Rahul Kalia and Mr. Daljeet Singh Rana has been appointed as additional directors of the Company -The company appointed Shri Akhil Malhotra as a Managing Director of the Company. 2013 -Shri. Mayank Malhotra has been appointed as Non executive Director of the Company. -The company appointed Shri Pawan Nagpal as Whole Time Director. 2015 -Himachal Fibres has splits its face value from Rs. 10 to Rs. 1 2024 -Company name has changed to Rudra Ecovation Ltd. from Himachal Fibres Ltd..