
Bhansali Engineering Polymers Ltd
Bhansali Engineering Polymers Ltd Company History
Bhansali Engineering Polymers is engaged in manufacturing of ABS and SAN resins which is classified under the category of Highly Specialized Engineering Thermoplastics.
2000
The Company has entered into a Sale Agreement and pending its
completion entered into a separate Conducting Agreement with
Polychem Ltd. for its ABS/SAN Unit at Vadodara, for manufacture
of captive consumption as well as for sale.
2000
2003
The members approved the following in extra ordinary meeting
1. To Increase Authorized Share Capital of the Company from 170 million dividend into 1,70,00,000 equity shares of Rs 10/- each to Rs 200 million divided into 2,00,00,000 Equity Shares of Rs 10/- each by creation of 30,00,000 new equity shares of Rs 10/- each and consequent amendments to Clause V of the MOA of the Company.
2. Issue of 36,50,000 Equity Shares of Rs 10/- each for cash at a premium of Rs 90/- per share aggregating Rs 36,50,00,000 on preferential allotment basis to persons / entities including Bodies Corporate.
2003
2004
The Company has declared suspension of all the manufacturing activities at its Vadodara factory.
Bhansali Engineering Polymers Ltd Commercial production at Company's Abu Road Unit (erstwhile RPRL Unit of Greaves Cotton Ltd, taken over by the Company on licence basis with an irrevocable right to acquire the same by way of purchase as a "going concern" on "as is where is" basis).
Rationalised plant configuration and achieved 48 KTPA aggregate ABS manufacturing capacity based on exclusive HRG production at Satnoor plant and Bulk SAN and Compounding production at Abu Road.
Initially taken over Greaves Ltd.Âs RPRL Unit* at Abu Road under Licence and subsequently purchased it. *Capacity of RPRL Unit at 20 KTPA.
2004
2006
(i) Appointment of Mr. Jayesh B. Bhansali as an Additional Director of the Company.
(ii) Appointment of Mr. Jayesh B. Bhansali as a Whole Time Director of the Company designated as 'Executive Director'.
2006
2009
"Ms. Neha Lahoty has been appointed as Company Secretary of the Company.
2009
2011
Mr. Hasmukh Thakkar has been appointed as Chief Financial Officer of the Company.
2011
2012
Mr. B. M. Bhansali, Managing Director of the Company have been duly recognised by Institute of Economic Studies (IES) for his contribution towards Industrial growth and has been awarded "Udyog Rattan Award" and simultaneously the Company has been awarded "Excellence Award" considering aforesaid contribution.
2012
2013
Signing of Joint Venture Agreement of Company with Nippon A&L Inc., Japan.
2013
2014
Bhansali Engineering Polymers Ltd have recommended Final Dividend @ 10%.
2014
2017
Bhansali Engineering Polymers Ltd had earlier said that its expansion programme from 100 KTPA to 137 KTPA, to be completed by 31 March, 2019. The Company has successfully commissioned the compounding capacity expansion project at its Abu Road plant from existing 100 KTPA to 137 KTPA within the envisaged cost and time frame.
2017
2018
Attained the position of Numero Uno ABS manufacturer in India.
Successfully implemented the capacity expansion plan from 80 KTPA to 100 KTPA at its Abu Road plant.
Established ÂState-of-the-Art Research and Development Centre ('R&D Centre') at Abu Road in January, 2019.
Successfully commissioned expansion of compounding capacity from 100 KTPA to 137 KTPA at Abu Road plant.
2018
2021
Bhansali Engineering Polymers Limited has informed that regarding ''The Board of Directors of the Company at its meeting held today has inter alia Approved the Brown Field ABS Expansion Project at Company s existing plants i.e. Abu Road (Rajasthan) & Satnoor (Madhya Pradesh) for enhancing overall ABS production capacity to 200,000 TPA with approx. Capex of Rs.500 Crore, to be funded through Reserves and Surplus which shall be implemented tentatively by December 2024''.
2021
2023
The Company has issued Bonus Shares in the Ratio of 1:2.
2023