YEAR EVENTS 1983 - Valson Synthetics Ltd was incorporated on 2nd June, as a private limited Company and was converted into public limited Company on 27th September, 1994 consequent to which Certificate of change of name was obtained from the Registrar of Companies, Maharashtra at Mumbai on 7th November, 1994. - The Company has received registration for Texturising, Twisting, and Conning of Yarn from the Secretariat for Industrial Approval, Department of Industrial Development, Ministry of Industry, Government of India under Reference No. 4333/SIA/IMO/93 dated 27th December, for Silvassa unit and the Company has also received licence from Directorate of Industries., Government of Gujarat no. 24(246)14A dated 5th April, 1989 for dyeing facility at Vapi unit. - The Company today has a wide range of polyester dyed yarn with strong market acceptance and a niche position for new shades and grades. The Valson products are marketed under the brand name of VALSON, which includes a wide range of exclusive shades introduced in the market by the Company on a continuous basis. - The Company has a strong research team for development of new shades in its own well equipped laboratory. 1994 - The Company has set up the texturising plant which went on stream in November. 1995 - The Company has well equipped laboratory for development of innovative shades at Andheri, where new shades are constantly developed and introduced in the market for commercial acceptance. - The Company has in-house facility to develop desired shade in few hours which enables it to make timely delivery of quality products at the 11th hour. - The Company is perhaps the only company in the country which has got matching capacity for Dyeing backed up with Texturising and Twisting. - The Company has successfully managed its maiden Public Issue of Rs. 231 lakhs consisting of 7,70,000 No. of Equity Shares of Rs. 10/- each at a premium of Rs. 20/- per share and the same was oversubscribed nearly 1.23 times. - The Company has made allotment of 4,00,000 No. of Equity Shares to the Promoters and 7,80,400 No. of Equity Shares to the Public on 29th May, as per basis of allotment finalised in consultation with The Stock Exchange, Bombay. - During the year of review, the Company carried out in house R & D Programme in the nature of development of innovative shades at Andheri, where new shades are constantly developed and introduced in the market for commercial acceptance. 1996 - The yarn texturising capacity at Silvassa has been already increased to 3000 tpa from 1200 tpa. 1997 - The company has been able to generate a healthy cash flow all throughout the year mainly due to strong Brand Equity 'VALSON' and sound working capital management. - During the year of review, the Company carried out in-house R & D Programme in the nature of development of innovative shades at Andheri, where new shades are constantly developed and introduced in the market for commercial acceptance. 1998 - The Company has during the second half of FY 97-98 expanded its Yarn Dyeing Capacity to 3000 tpa from 1200 tpa. - The company's R&D has also developed several new shades in cotton yarn. - Shri Harshad C. Shah and Shri Berjis Desai, Directors, retire at the forthcoming Annual General Meeting and being eligible offers themselves for re-appointment. 1999 - The Company has acquired all the necessary equipment's for quality Cotton Yarn Dyeing which were successfully commissioned during April. - The Company has allotted 8000 14.5% Redeemable Cumulative Preference Shares of Rs. 1000/- each to the promoters and friends on 1st April. - The Company has acquired all the necessary equipment's for quality Cotton Yarn Dyeing which were successfully commissioned during April, 99. - The company has allotted 8000 14.5 % Redeemable Cumulative Preference Shares of Rs. 1000/- each to the promoters and friends on 1st April 1999. - Shri Kamlesh T. Mody and Shri Ramkumar Sharma, Directors, retire at the forthcoming Annual General Meeting and being eligible to offers themselves for re-appointment. 2000 -The company has allotted 5000 14.5% Redeemable Cumulative Preference Shares of Rs 1000/- each to the Promoters, Directors and Associates to part finance the ongoing normal capital expenditure. -The company has also allotted 2000 14.5% Redeemable Cumulative Preference Shares of Rs. 1000/- each to the promoters and friends on 15th February. -The Company has acquired all the necessary equipment's for quality Cotton Yarn Dyeing which were successfully commissioned during April'99. 2003 -Valson Industries has recommended a final equity Dividend of Rs 2.50 per share 2007 -Valson Industries has designated E-mail ID for Investor Complaints: mail@valsonindia.com 2009 -Valson Industries has given the Bonus in the Ratio of 1:1 2011 -Valson Industries has recommended dividend on equity shares @ 10% 2013 -Valson Industries Ltd has recommended dividend of 5% i.e. Rs. 0.50/- per share on equity share (face value of Rs. 10/- each) 2014 -Valson Industries Ltd has recommended dividend on equity shares @ 8% p.a. (i.e. Re. 0.80/- per equity share) 2016 -Valson Ind. Ltd has Acquisition of Land on Lease From MIDC 2017 - The Company has received sanctioned letter from Kotak Mahindra Bank sanctioning the credit facilities of Rs. 1,125.00 Lacs which includes the facilities take over from Bank of India and ICICI Bank.