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Company Information

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BODAL CHEMICALS LTD.

04 December 2024 | 12:00

Industry >> Dyes & Pigments

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ISIN No INE338D01028 BSE Code / NSE Code 524370 / BODALCHEM Book Value (Rs.) 85.93 Face Value 2.00
Bookclosure 24/09/2024 52Week High 101 EPS 0.51 P/E 148.31
Market Cap. 959.32 Cr. 52Week Low 66 P/BV / Div Yield (%) 0.89 / 0.00 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
M/S DINTEX DYECHEM LIMITED was originally incorporated on 24th September, 1986 as a Private Limited Company. The Company was subsequently converted into a Public Limited Company. The change in name is duly approved after necessary resolution in terms of sections name is duly approved after necessary resolution in terms of sections 21/31/44 of Companies Act 1956 passed and fresh certificate of incorporation to that effect was obtained from Registrar of Company Gujarat.

The Company is presently engaged in the manufacture of Dyes & Dye intermediates with a total installed capacity of 510 M.T. per annum at GIDC Industrial Estate Vatwa, Gujarat. The Company started its commercial production in 1986.

The Company proposes to carry out the following activities : (a) Diversifying into manufacture of Vinyl Sulphone for captive consumption, Exports and Domestic Sales and (b) Expanding to manufacture Reactive Dyes for Domestic as well as Export Markets.

PROMOTERS AND THEIR BACKGROUND Shri Dinesh S Shah, Managing Director of the Company is the main Promoter.

Shri Sevantilal P Shah is the Chairman & Managing Director of the Company.

Brief details of the group concern are as under. M/s Dintex Dyechem Industries : t is a Partnership firm, engaged in the manufacture and export of dyes and dye intermediates. The firm has been successful in exporting almost 100% of its Sales. It has so far exported to about 28 countries in the world. It has been recently been awarded Certificate of Merit for outstanding export for the year 1991 from Chemexil.

M/s Dispo Dyechem : It a Partnership firm and is engaged in manufacture of dyes and dye Intermediates.

M/s Dinesh Dyestuff Industries : It is a Partnership firm, engaged in the trading of dyes and dye intermediates. It is also having distributorship of M/s Divya Chemicals Ltd, Bombay.

M/s Pranav Colour Chem : It is a Partnership firm, having agency and distributorship of various Chemical Industries like Rashesh Chemicals, Aarti Organics Ltd, Salvigor Laboratories Ltd and Alchemie Dyechem Pvt Ltd.

Sidharth Enterprises : It is a Partnership firm, having agency and distributorship on commission basis of dyes and chemicals of companies like Arihant Industries, Ketu Industries etc.

SUBSIDIARIES OF THE COMPANY : The Company has no Subsidiary.

2006

-Company has changed its name from Dintex Dyechem Ltd. to Bodal Chemicals Ltd.                                                       
                                                        
2008
-The company has issued rights in the ratio of 1:2 at a premium of Rs.10/-Per Share.

2010 -Company has splits its Face value of Shares from Rs 10 to Rs 2

2012

- Ms. Divya Nair, Asst. Company Secretary has been appointed as compliance officer of the Company.

- Mr. Ashutosh B. Bhatt has been appointed as a Company Secretary and Compliance officer of the Company.

2013 -Mr. Ankit S. Patel has been re-appointed as Executive Director of the Company.

2014 -The Board of Directors has allotted 3000000, 9% Non Cumulative Redeemable Preference Shares (Non Convertible) at face value of Rs. 10/- each.

2015 -Bodal Chemicals Ltd award for Highest self Manufacturing Turnover from Domestic and Export of Dyes and Dye Intermediates, by The Gujarat Dyestuff Manufacturers Association -ITMA 2015 Participation

2016 -Bodal Chemical has got environmental clearance (EC) for the expansion of dyes and dyes intermediates manufacturing facility. -At China Interdye 2016, successfully launched "Bodal Chemicals" Mobile app for Apple and Android.

2017 - Bodal Chemicals acquires 70% stake in S P S Processors. - Bodal Chemicals wins Gold Award for Outstanding export performance.

2018 -Bodal Chemicals received "Gujarat Best Brand Awards 2018".

2020 -Acquisition of Trion Chemicals Pvt Ltd and make Trion Chemicals,wholly owned subsidiary of Bodal Chemicals Ltd.

2021 -"Acquisition of Unit and Increase in Capacity of Product". -Amalgamation of M/s Trion Chemicals Pvt Ltd with M/s. Bodal Chemicals ltd.

2022 -NCLT Order on Amalgamation of S P S Processors Private Limited with Bodal Chemicals Ltd.

2023 -Commencement of Commercial Production at Unit V located at Saykha.