Company History: - The Company was incorported on 18th September and obtained theCertificate of Commencement of Business on 12th October 1984. It waspromoted by Jaisinh Kanji Sampat Chatrabhuj Kanji Sampat and DilipChatrabhuj Sampat.
- The Company carry on business as printers publishers of educatibooks newspapers journals etc. A new printing press was set up atDantali in Gujarat incorporating latest printing technology andperforming varied production functions like printing binding etc.
- 70 No. of equity shares subscribed for by Signatories to theMemorandum of Association. 4 99 930 No. of equity shares then issuedat par of which 1 99 930 shares were reserved and allotted topromoters directors friends etc. The remaining 3 00 000 shares wereoffered for public subscription during November 1984 (all were takenup).
1986
- 12 00 000 Rights equity shares were offered at par in prop. 12:5during January 1987 (all were taken up).
1991
- The Company has changed its name from Bookwing Publications & TradingCo. Ltd. to Navneet Publications (India) Ltd. with effect from 22ndNovember.
1992
- The Company has set up export division to export paper stationeryproducts during the year.
- The Company installed computerised weighing system to check thewastage and effect corrective actions. One photo type setting machine imported from USA was installed.
- The Company has entered into agreement with the publishers acquiringlicence to publish more than 2000 titles.
1993
- The Company was successfully implemented itsexpansion-cum-diversification project. The Company is setting up anadditional unit at Daman for manufacturing paper stationery items andeducational books involving a total project outlay of Rs 700 lakhs.
- 15 00 000 shares allotted at par to publishers and their nominees.15 52 400 shares issued to public (prem. Rs 50 per share) throughprospectus.
1994
- 16 00 000 No. of Equity shares of Rs 10 each at a premium of Rs 10per share allotted on conversion of Fully Convertible Debentures.
- The Company is setting up an additional unit at Daman formanufacturing paper stationery items and educational books1.
- The Company has installed 4 Wind Electric Generators.
1995
- 31 76 200 No. of equity shares allotted as bonus shares in the ratioof 1:2.
- The Company also installed a state-of-the-art `Notebook-On-Line'machine in the year at Daman.
1997
- The company had signed the agreement with the National securityDepository Ltd. (NSDL)
1998
- CRISIL has re-assigned its highest rating of P1+ (pronounced as P oneplus) for the commercial paper programme of the company indicatinghighest safety.
1999
- The company was selected to receive the Analyst Award 1999 from theInstitute of Chartered Financial Analysts of India.
- The company has acquired three registered trademarks Navneet Vikasand Gala from three partnership firms.
- The company has decided to open the chain book stores throughout thecountry and has made a foray into electronic publishing with the launchof their first interactive CD-Rom titled `The World of TalkingPictures'.
2000
- The company has set up a new business unit of electronic publishing to keep pace with technology.
- The P1+ rating assigned to the CP issue of the Company has beenreaffirmed by Crisil.
- Navneet Publication (India) Ltd. has tied up with the SingaporeTourism Board (STB) to celebrate the Millenniamania a series of eventsand festivals.
- The Company has acquired 100 per cent equity shares of NavneetEdutauinment Ltd. Accordingly Navneet Edutainment Ltd has become 100per cent subsidiary of the company.
- The Company has been allotted 49 98 500 No. of equity shares of Rs10/- each (Rs. 3/- per share paid-up) of Navneet Edutainment Limited awholly owned subsidiary of the company
2001
- The Company has introduced another book in its ongoing series AVision of India.
- Navneet Edutainment Ltd. a wholly-owned subsidiary of the company allotted 1 50 000 No. of equity shares of Rs 10 each to Nilesh S. Shah Management Consultants on March 29 2001
2002
-Commences Commercial Production at Silvassa unit II of the company for the manufacturing of a range of stationary products.
2003
-The members approves the delisting of equity shares of the company from the Ahmedabad stock exchange and Saurashtra Kutch Stock Exchange Ltd.
2004
-Equity shares delisted from Ahmedabad Stock Exchange
2005
-Delists securities from the Saurashtra Kutch Stock Exchange Ltd w.e.f. March 31 2005.
2007
-Navneet Publications Ltd. has appointed Mr. Amit D. Buch has as the Company Secretary and Compliance Officer of the Company w.e.f. 4th June 2007.