DCM Shriram Consolidated Ltd.

http://dcmshriram.com/index.html

Under a Scheme of Agreement approved by the shareholders and creditors
 of the company and also by the Hon'ble Delhi High Court vide their
 order dated 16-4-90. The Company (DCM Ltd) now stands divided into
 four companies w.e.f 1-4-90 as follows:
 
 I)      DCM Limited.
 ii)     DCM Shriram Industries Ltd
 III)    DCM Shriram Consolidated Ltd
 IV)     Shriram Industrial Enterprises Ltd
 
 As per the Scheme of Arrangement approved by the High Court of Delhi
 for re-structuring, DCM Ltd, for every 4 equity shares held in DCM
 Ltd, 1 equity share each in the four companies viz. DCM Ltd, DCM
 Shriram Industries , DCM Shriram Consolidated Ltd, and Shriram
 Industrial Enterprises Ltd, was to be allotted to the shareholders of
 DCM Ltd. Accordingly 5135284 equity shares of Rs 10 each in the
 company credited as fully paid were allotted as from the effective
 date of scheme of Arrangement i.e. 1-4-1990 to the shareholders of
 DCM Ltd.
          
 DSCL, comprising of four Companies Shriram Fertilisers & Chemicals,
 Shriram Cement Works, Swatantra Bharat Mills and DCM Silk Mills, came
 into existence after reorganisation of the erstwhile DCM Ltd. in April
 1990.
 
 DSCL has signed a technical collaboration agreement with Japanese
 Company, Zeon Kassei, for the production of a wide range of
 high-value PVC components and blends with a plant capacity of
 production of 1000 tonnes a month.
 
 The Company has also entered into collaboration with the US Bioseeds
 Genetic International, to float a new company to produce and market
 hybrid seeds. The new company will have 51 percent equity partnership
 from the US company and 49 per cent from DSCL.
          
 2000 - The Company promoted DSCL Energy Services Company has entered
              into a MoU with BC Hydro International of Canada for
 undertaking
              energy saving projects in the construction.
 
           - DCM Shriram Consolidated's Shriram fertilisers &
 Chemicals at
              Kota has received the prestigeous KPMG certification
 accredited
              by the Dutch Council for accreditation for complying
 with ISO
              14001 standards.
 
           - The Company has tied up with Satyam Infoway to establish
              inter-connectivity with all its 27 locations.
 
            - ICRA has upgraded the commercial paper programme rating
 of the company
               from A1 to A1+ for an enhanced amount of Rs 35 crore.
 
 2001 - DCM Shriram Consolidated is hiving off its polymer compounding
 into a separate company.
 
            - The board of directors of DCM Shriram Consolidated Ltd
 (DSCL), at its meeting on September 24 agreed to Mr Mantosh Sondhi's
 decision to step down as Chairman for health reasons
 
 2002
 
 -Signs MoU with M/s Zurich Financial Services to start life insurance
 business.
 
 -RBI raises objection for the technical tie-up of PNB with the
 company.
 
 -Acquires 51% equity in Moravie Investments Ltd, Mauritius.
 
 -Univenta Holdings acquires 999956 shares of the company amounting to
 6.02%.
 
 -Not to set up wholly owned subsidiary outside India with a capital
 of upto US $ 3.5 mn 
 
 2003
 
 -Shriram Bioseed becomes the subsidiary of the company.
 
 -Ghaghara Sugar Ltd, a subsidiary of the company acquires Kitply unit
 in UP for Rs.37 cr.
 
 -National commodity and Derivative exchange forms a strategic
 alliance with the company for data sharing.
 
 -Board approves for the disinvestment of Poly aluminium chloride
 plant.
 
 -Hives off the energy services business (ESCO) into a separate
 company.
 
 -Brings down the borrowing cost from 13% to 9%.
 
 2004
 
 - DCM Shriram Infrastructure Ltd. (DSIL) has become a subsidiary of
 another Subsidiary, DCM Shriram Credit and Investments Ltd. (DSCIL).
 Consequently DSIL has become a Subsidiary of DCM Shriram Consolidated
 Ltd. also. DSCIL and DSIL are closely held and unlisted companies.
 
 -DCM Shriram Chairman elected as Deputy Chairman for CII (North)
 
 2005
 
 -Fenesta rolls out new range of window, door systems
 
 -DCM Shriram Consolidated has given the Bonus in the Ratio of 1:1
 
 -Company has splits its Face value of Shares from Rs 10 to Rs 2
 
 2009
 
 - DSCL Sells its 100% stake in Energy Services Company.
 
 - DCM Shriram enters milk procurement business in UP.
 
 
 2010
 
 - The Hon'ble High Court of Delhi has approved the amalgamation of
 Shriram Bioseed Genetics India Limited with the company.
 
 - Bioseed Research India and KeyGene sign a strategic partnership
 agreement to develop new field crop varieties for India and
 South-East Asia.
 
 -Registered Office of the Company has been shifted from 6th Floor,
 Kanchenjunga Building to 5th Floor, Kanchenjunga Building, 18,
 Barakhamba Road, New Delhi - 110001
 
 2012
 
 - Bioseed Research India and Arcadia Biosciences to develop
 extended-shelf life tomato.
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