Company History: YEAR EVENTS1984 - The company was incorporated on September 20 under the name of BDT business Ltd. It was promoted by the Buxa Dooars Tea Co. (India) Ltd. and Mr. J.P. Kanoi R.K. Kanoi and S.K. Kanoi. - 1 00 107 No. of equity shares issued at par.
1989 - The name of the Company was changed to Kanoi Paper & Industries Ltd. on 7th August.
- The plant and machinery installed include interalia pulp mill which has been designed to produce 15 500 TPA of pulp an imported second hand MG combination paper machine manufactured by AC Dovies of W. Germany capable of providing 15 500 TPA of paper in the range of 47 gsm to 120 gsm etc.
- 10 00 000 No. of equity shares allotted at par.
1990 - During April the Company offered 26 49 893 No. of equity shares at par as follows. 3 99 893 shares were offered to the directors their friends and relatives (all were taken up) 1 87 500 shares to the employees (only 62 800 shares taken up. Balance added to the public issue) 2 25 000 shares to the SBI Mutual Fund (all were taken up) 2 25 000 shares to the Canbank Mutual Fund (all were taken up) 16 12 500 shares to the public (All were taken up). Additional 3 37 500 shares allotted to retain 15% over subscription along with 1 24 700 shares not taken up by employees).
1994 - 3 900 No. of equity shares forfeited. Preference shares redeemed.
1995 - 20 41 800 Right equity shares allotted in the ratio of 1:2 at a premium of Rs 15 per share.
2008
-Orion Paper & Industries Ltd has appointed Mr. Sumitro Mukherjee as an additional director of the Company w.e.f. June 27 2008.
