S Kumars Nationwide Ltd. Company History and Annual Growth Details

YEAR EVENTS
1948 - S. Kumars Group was founded in 1948 by Shri Abhayakumar Kasliwal and Shri.
Shambhukumar Kasliwal by establishing textile distribution network and subsequently
commencing textile manufacturing activities.

1990 - The Company has incorporated as a private limited company on 28th September, under the
Companies Act, 1956 and has became a deemed Public Company under Section 43 A (I)
w.e.f. 28th Feb 1991.

- The Company has became a simplicitor public Company, vide special Resolution Passed
on 7th July 1992 and fresh certificate of change of name as issued on 28th September 1993.
It is engaged in the business of trading in synthetic/blended fabrics.

- With a view to meet the growing demand for its product, S. Kumars Synfabs Ltd. has
acquired shuttleless looms and other plant from S. Kumar Enterprises (Synfabs) Ltd.
and is instaling further shuttleless looms and other equipment at Dewas and setting up
texturising and twisting plant at Pithampur in Madhya Pradesh.

- S. Kumars Synfabs Ltd. was promoted keeping in mind the S. Kumars Group overall
corporate strategy and given objectives of segregating the export business from the
local business.

- S. Kumars Synfabs Limited is promoted by the group with the intention of making it the
flagship company of the group's synthetic textile business.

- S. Kumars Synfabs Ltd. was promoted by S. Kumar Enterprises (Synfabs) Ltd. and
commenced its business in September.

1992 - The Group has also established its presence in the Middle East and the U.K./European
markets. The Group exported goods worth Rs.15 crores in the year.

- S. Kumars Group is among the early business houses that ushered in the widespread
use of Polyester and polyester blends in apparel fabric in India, introduced 100% Polyester
sarees and used Acrylic fibre in everyday Suitings and Shirtings. It was also among the
first Textile Groups to take up systematic textile marketing by establishing a widespread
network of dealers and retailers, and regularly advertising its products. It was amongst
the first to establish India as a sourcde of fashion blended fabric in the United Kingdom.

- The rights issue of 19,54,000 equity shares of Rs. 10/- each at a premium of Rs. 25/-
aggregating to Rs. 683.90 lacs, has been fully subscribed and the allotments have been
made on 12th October.

1993 - The Public Issue of 38,50,000 Equity Shares of Rs.10/- each at a premium of Rs.26/- per
share aggregating Rs.1,386 lakhs and issue of 1,66,000 Zero interest Zero dividend
Convertible Preference Shares (CPS) of face value of Rs.100/- each at par aggregating
Rs.166 lakhs has been oversubscribed.

1994 - The Company has privately placed 10 lacs Non Convertible Debentures of Rs.100/- each
aggregating to Rs.10 crores, with the Industrial Development Bank of India and the Unit Trust of
India to complete the means of finance of the expansion project undertaken by the Company.

1997 - The Company has acquired from Standard Industries Limited, a spinning- cum-weaving
unit situated near Dewas in M.P. The unit has an installed capacity of 38,564 Spindles
and 64 Sulzer double width shuttleless weaving machines.

- The Company is setting up a state-of-the-art Worsted mill near Mysore in Karnataka

1998 - The Company has entered into a technical and marketing collaboration with Reid &
Taylor of Scotland for manufacturing and marketing of exclusive worsted suitings.

1999 - The company has signed an agreement with National Securities Depository Limited (NSDL)
for joining the Depository System, which facilitates scripless trading.

- The Company has, introduced a novel concept in distribution called 'Direct to Retail' - DTR.

- The Company has successfully privately placed 762 lakhs equity shares of Rs.10 each,
partly paid up with a premium of Rs.5.09. During the year, the Company has also placed
333 lakhs equity shares at a premium of Rs.5.09.

2000

-S Kumars Synfabs, the Rs 600 crore synthetic-textiles company has decided to extend its Reid & Taylor brand to ready-to-wear segment.

- Rs 600 crore textile major S Kumars Synfab has signed Bollywood sensation Hrithik Roshan to be their new brand ambassador for an undisclosed sum to mark their entry into the readymade apparel market.

-Chennai high court has, through an interim injunction, prevented S Kumars from using the brand name 'Cinnamon'

-S. Kumars Synfabs Ltd has appointed Andersen Consulting to review its product portfolio in different market segments and maximise the company's strengths in marketing brand building and brand creation.

2001

-S Kumar's Synfabs, has been forced to launch a new ready-to-wear brand,

- ICRA has downgraded the Rs 50 crore non-convertible debenture issue of S Kumars Nationwide to inadequae safety lBB rating from the previous lA.

- promotes Shree Maheshwar Hydel Power project in Madhya Pradesh has secured a $132.60 million (about Rs 610 crore) loan from the Power Finance Corporation (PFC)

2002

-Mr Vijay Kalantri appointed as an Additional Director

- Mr. G A Nayak appointed by UTI as Nominee Director and Mr. R K M Prasad has been appointed by IFCI Ltd., as Nominee Director on the Board of the company vice Mr. Kamal Kishore.

2002

-The Board of Directors of S Kumars.Com Ltd held on January 24, 2002 Mr Vijay Kalantri has been appointed as an Additional Director of the company.

2003

-Downgraded by ICRA 'LBB' for its Rs 50 cr non-convertible debenture (NCDs) under rated 'LD', indicating default.

-Shri Sanjeev Ghai has been appointed by IFCI Ltd., as Nominee Director on the board of the company vice Shri R K M Prasad with effect from August 18, 2003

2004

- The company delists its equity shares from Madhya Pradesh Stock Exchange Ltd, the Delhi Stock Exchange Association Ltd, and the Ahmedabad Stock Exchange.

2006

-S Kumars wires in Alok Banerjee as CEO of textiles arm.

2007

-S.Kumars Nationwide Ltd has appointment Shri. Anil Channa as an additional and executive director.

-S.Kumars Nationwide Ltd has has appointed Shri. Vijay Kalantri and. Smt. Jyoti N Kasliwalthe as Directors.

2010

- S Kumars Nationwide has signed a agreement with Donna Karan International to set up a Joint venture for taking care of DKNY's men's apparel range. The new joint venture will be responsible for the design, production and distribution for the entire range of DKNY menswear apparel all across the world except Japan. The life of the JV will be for 10 years.

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