YEAR EVENTS 1982 - The Company was incorporated as a Private Limited Company on 13th April, and converted into a Public Limited Company on 4th September, 1986. The main object of the company is to manufacture Importing, cutting, polishing and processing of rough diamonds and exporting polished diamonds. 1986 - The company started its business operations in January. The promoters have a long established presence in the diamond business going back to several years. The company is one of the few "Sight Holders" in India accepted by the Diamond Trading Company Ltd., London. 1988 - To ensure output of high quality diamonds with better cleavages and sawables, the company placed an order for the import of laser equipment. It was setting up a modern plant with semi automatic machines to get better yields of sawn variety diamonds. - 10,00,000 shares were taken up by promoters; directors, etc. 40,00,000 No. of equity shares were then issued of which 15,50,000 shares were reserved and allotted to Indian resident directors, their friends and relatives. - Out of the remaining 24,50,000 shares the following shares were reserved for preferential allotment: - (i) 2,00,000 shares to employees, including Indian working directors and workers of the company and those of the promoter companies (only 5,000 shares were taken up) and - (ii) 9,80,000 shares to non-resident Indian on repatriation basis (all were taken up). - The balance 12,70,000 shares, along with 1,95,000 shares not taken up by employees were offered for public subscription during February, 1989. - Additional 6,00,000 shares were allotted to retain over-subscription (2,32,500 shares to directors, their friends and relatives, 1,47,000 shares to non-resident Indians and 2,20,500 shares to public. 1989 - Despite difficult trading conditions, the results were significantly better than that of the previous period. - Emkay Drilling Equipment Ltd., the subsidiary was amalgamated with the company with effect from 1st April. 1990 - The collaboration agreement was finalised to set up facilities in SEEPZ, Mumbai, for the manufacture of high quality jewellery with a well known firm of international jewellers. 1991 - Though sales declined were higher mainly as a result of updating of technology, improved productivity and management's stress on diversifying markets and concentrating on higher value diamonds. 1992 - 28,00,000 Rights Equity shares allotted (prop. 1:2, Prem. Rs. 50). Another 1,40,000 shares offered (Prem. Rs. 50) to employees (only 6150 shares were taken up). 1994 - 25,00,000 No. of equity shares allotted to promoter group at a prem. of Rs. 65 per share. 1995 - Due to recession, demand from export markets like Japan and Europe was sluggish. However, the US market has revived. Demand for studded jewellery manufactured at Seepz is growing steadily due to high international quality designed for premium segment in overseas markets. 2003 -Shrenuj & Co Ltd have made full and final call of Rs 24.50 each towards the share premium account on 25,00,000 equity shares allotted to the promoters on preferential basis. 2004 -The Company launched a new brand for its customers using a unique concept of flexibility in design. 2005 -The Company has recommended dividend of 30%. -Company has splits its Face value of Shares from Rs 10 to Rs 2 2006 -The Company has recommended a dividend of 35%. 2007 -The Company through its 100% subsidiary Company Astral Holdings Inc., has acquired Simon Golub & Sons Inc., a major jewellery distributors in USA. -The Company has recommended a dividend of 40%. -Mr. Vishal Shreyas Doshi, Group Executive President has been appointed as an Additional Director of the Company and consequently he becomes Whole-time Director of the Company. 2008 -The Company has recommended a dividend of 40%. -The company has appoointed Mr. Keki M Mistry as Additional Director (Independent Director) of the Company. 2009 -The Company has recommended a dividend of 18%. -Shri Shreyas K. Doshi, Vice Chairman & Managing Director of the Company has been re-designated as the Chairman & Managing Director (CMD). 2010 -The Company has recommended a dividend of Re. 0.50 per share (@ 25%). 2011 -The Company has recommended a dividend of 30%. 2012 -The Company has recommended a dividend of 32.50 %. -Mr. Fetus Gontebanye Mogae, Former President of the Republic of Botswana as Additional Director (Independent Director) of the Company. 2013 - Board recommended a Dividendof 30% (Re 0.60 per share on equity share of Rs. 2 each). - Shrenuj & Co - Commissioning a new diamond cutting and polishing unit in Patna, Bihar. 2014 - The compnay has approved the issue of Bonus Shares in the ratio of 1:1 and also The Board has recommended final Dividend for the financial year ended March 31, 2014, @ 60 paise per equity share of Rs. 2.00 each on the Equity Shares pre-bonus. 2015 -Shrenuj & Co rose over 9 per cent on Bombay Stock Exchange (BSE) on media reports that it has bagged US jewellery order worth USD 30 million.