Vapi Enterprise Ltd. Company History and Annual Growth Details

YEAR EVENTS
1974 - The company was incorporated on 23rd July, at Vapi, Gujarat.
The company was promoted by Rambhai Haribhai Patel and his
associates. The main objectives of the company is to manufacture
paper and paper board and paper grade pulp.

1979 - 2,625 Pref. shares taken up.

1980 - 500 more Pref. shares taken up.

1984 - Negotiations for land, plant and machineries were finalised and
orders placed.

- In July, a group of shareholders, jointly and severally, through
Vapi Paper Mills, Ltd., as their constituted attorneys, offered
for sale 2,45,000 equity shares of Rs. 10 each (fully paid-up) of
the company for cash at par.

1985 - The company undertook to diversify into texturising, twisting,
crimping and dyeing of nylon, polyester filament and other yarn.

1987 - The performance of the company was severly affected due to
increasing costs of inputs, power and water.

1989 - The performance of the company was reported to be satisfactory
due to better realisation from finished products and improved
market conditions for the paper industry.

1990 - The company's overall working continued to be satisfactory. But
for the higher incidence of tax, profit could have been still
higher.

- 4,96,050 Bonus shares issued in Prop. 1:1.

1993 - The overall working was reported to be highly satisfactory. This
was attributed to improvements achieved by virtue of expansion
cum modernisation programme undertaken by the company.

- The expansion of yarn division and first phase of modernisation
cum expansion of paper division was successfully completed.

- 11,95,260 Rights Equity shares issued (prem. Rs. 40; prop. 6:5).
Only 10,85,400 shares taken up.

1995 - The company proposed to diversify its product range to `Duplex Board' to give value addition to product range.

2013
-The name of the company changed from VAPI PAPER MILLS LTD" to "VAPI ENTERPRISE LTD.

2014
-The name of the company changed from Vapi Paper Mills Ltd to Vapi Enterprise Ltd.

2023
-The company has received final approvals from the Gujarat Industrial Development Corporation ('GIDC') and provided satisfaction of all legal due diligence and other necessary approvals and clearances from regulatory bodies.

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