- 12 500 shares issued to directors etc. and 12 500 shares offered to the public.

1967 - The Company undertook to set up a paper converting plant for the manufacture of solid fibre board and fibre containers. The plant was commissioned at the end of November.

1968 - 70 shares forfeited in 1966 and 90 shares forfeited in 1967.

1970 - 4 965 bonus shares issued in prop. 1:5.

1973 - 9 930 bonus shares issued in prop. 1:3. 9 930 rights shares issued at par in prop. 1:4 in February 1974. 4 forfeited shares reissued.

1982 - Jayant Pack (Gujarat) Ltd. with a paid up equity capital of Rs 75 000 became a wholly owned subsidiary of the Company from 28th June.

- Shares subdivided. 2 48 420 No. of equity shares of Rs 10 each then issued at par in prop. 1:2 on right basis. Only 2 33 645 shares taken up.

1985 - The Company proposed to set up a multiwall paper bag project at Ankleshwar for production of multiwall paper bags.

1986 - 2 43 495 bonus equity shares issued in prop. 1:3.

1988 - The Company entered into technical collaboration with M/s. Stone Containers Inc. U.S.A. for developing various types of packaging products which was approved by the Govt. of India in August 1989.

1991 - During February-March the Company offered 48 699-14% secured partly convertible debentures of Rs 200 each on Rights basis in the proportion 1 debenture : 20 equity shares held. Additional 7 177 debentures were allotted to retain oversubscription.

- Simultaneously another 2 563-14% debentures were issued to the employees on AN equitable basis (only 402 debentures taken up). Balance 2 161 debentures were allowed to lapse.

- Rs 100 of the face value of each debenture was to be converted into 5 equity shares of Rs 10 each at a premium of Rs 30 per share on the expiry of 6 months from the date of allotment of debentures.

- Balance of Rs 100 of the face value of each debentures was to be redeemed at par in three instalments of Rs 35 Rs 35 and Rs 30 per debenture at the end of 6th 7th and 8th year respectively by the date of allotment of debentures.

1993 - The Company implemented modernisation programme by installing online coating unit for manufacture of coated duplex board and also acquired latest delinking equipment to improve the quality of newsprint and to achieve better flexibility in the use of different raw material mix.

- The Company proposed to undertake expansion-cum-modernisation programme to enhance the production capacity from 18000 MT to 21000 MT p.a. of paper and paper board and to commence the manufacture of high value product viz. cromo coated board at a capital outlay of about Rs 90 lakhs.

1994 - The Company proposed to implement expansion programme for putting up additional capacity of 26 400 tonnes per annum of news print at village Kuvarda Surat. The Company had acquired second hand imported paper machine from West Germany capable of manufacturing newsprint as well as other varieties of writing and printing paper.

1995 - The overall performance of the Company was affected due to increased cost of production labour power and energy coupled with stiff competative market on account of cheap imported newsprint.