Shree Manufacturing Company Limited (SMCL) was incorporated on November 30, 1976 and commenced its business on July 21, 1977. The registered office of the Company is situated at Kolkata in West Bengal. Shree Manufacturing Company Limited was originally incorporated with the object of acquiring the all the assets and liabilities of Indian Copper Corporation Limited. The company is currently listed on Bombay Stock Exchange and Calcutta Stock Exchange. The management of the company is vested with the board of directors comprising of eminent persons with sound experience in business and administration. 1976 - The Undertaking of Indian Copper Corporation Ltd. was nationalised by the Govt. of India in 1972 and the Govt. paid Rs. 7.50 crores as compensation to ICCL. Consequent upon nationalisation, the stockholders of Indian Copper Corporation Ltd. decided to put the Company into Members Voluntary Liquidation on 13th June, 1973. - Out of the above sum received towards compensation, the Liquidators distributed about Rs.6 crores. Thereafter, the erstwhile stockholders of Indian Copper Corporation Ltd. wanted to revive the Company and accordingly, approved a scheme by which the company was formed and all the assets and liabilities of Indian Copper Corporation Ltd. (in Members Voluntary Liquidation) were transferred to the Company. - Under the Scheme, erstwhile stockholders of Indian Copper Corporation Ltd. were given option to either become shareholders of the Company or to take their money in cash. The Stockholders who opted for cash payment have already been paid and remaining stockholders have been issued and are being issued shares to the Company against surrender of their stock certificates. 1977 - The Company obtained the Certificate of Commencement of business on 21st July, from the Registrar of Companies, West Bengal. The Company was engaged in investment business since then. - The Company undertook to set up a spinning mill with 15,840 spindles capacity for the manufacture of synthetic blended yarn. Of the total spindleage, the Company proposed to utilise 5,760 spindles for the manufacture of 2/405 gray polyester viscose yarn 5,760 spindles for 2/405 dyed polyester viscose yarn and 4,320 spindles for 40s acrylic yarn. Based on the proposed product mix, the capacity of the mill was to be 1.76 million kgs. per annum. 1981 - Till date 2,48,798 shares issued without payment in cash to stock holders of the erstwhile Indian Copper Corporation Ltd., against the surrender of their stock certificate pursuant to the agreement dated 3-1-1977 between the liquidators of Indian Copper Corporation and the Company. 1982 - 20,20,000 No. of equity shares issued at par of which 7,90,000 shares were reserved and offered as rights to the existing shareholders in the prop. 3.21:1 (all were taken up). The balance 12,30,000 shares were offered for public subscription during September. Only 2,01,500 shares taken up. The remaining 10,28,500 shares devolved on the underwriters. 1983 - During 1983/87, 14,317 more shares were allotted without payment in cash to stock holders of Indian Copper Corporation Ltd. (2,392 shares on 7-3-1983, 1,901 shares on 17-6-1083, 3,425 shares on 1-12-1983, 2,095 shares on 27-4-1094, 493 shares in Nov. 1984, 1,781 shares on 25-11-1985 and 2,230 shares on 29-6-1987). 1987 - The Company became a Sick Industrial Company under the Sick Industrial Companies (SP. provisions) Act. 1985. A reference was made to BIFR. No further information was available thereafter. - 5,00,000 No. of equity shares allotted privately (1,00,000 shares to Gillanders Arbuthnot & Co. Ltd., 1,00,000 shares to G.D.& Co. (P) Ltd. 1,55,000 shares to Commercial House (P) Ltd., and 1,45,000 shares to Kothari & Co. (P) Ltd. 1988 - 1,527 No. of equity shares allotted without payment in cash. 1990 - Production suffered due to political disturbance in the locality which affected attendance of workmen during the months of April, May and October. Sales were also adversely affected from October due to demand recession. - The Company commissioned a dyeing plant in August. - 326 No. of equity shares allotted on 4.8.1989 without payment in cash to the stock holders of erstwhile Indian Copper Corporation Ltd. 1991 - Profits were affected due to sluggish conditions prevailing in the yarn market. The company proposed to install some machines for production of export quality yarn. - Both production and profitability suffered due to disturbance in the country in general and Mumbai and Gujarat areas in particular where the main selling outlets of the company were situated. - 2,279 No. of equity shares allotted without payment in cash. 1992 - 1,316 No. of equity shares allotted without payment in cash. 1993 - During August-September, the Company issued 14,00,000 Rights equity shares of Rs.10 each for cash at par in prop. 1:2. 1994 - The implementation of the scheme was in progress. As Lakshmi Machine Works Ltd., the main supplier of machinery to the Company under its modernisation/expansion scheme was upgrading their textile machinery with latest technology, the Company revised its orders for such machinery. 1995 - Production and sales increased only marginally due to the resistance of workmen to improve efficiency. However, profitability declined due to rise in input cost on raw materials wages power and fuel. - 2,971 No. of equity shares allotted without payment in cash. 2016 -The Company's registered office of the Company has been shifted from No.9, 7th Floor, Brabourne Road, Kolkata - 700001 to Suite# 712, Prasad Chambers, Opera House, Mumbai - 400004.