YEAR EVENTS 1919 - The Company was incorporated at Mumbai. The company's product range includes acids, heavy chemicals, superphosphate, fertilizer mixture & other allied products. The company's products are marketed under the trade name `SHIP'. 1942 - 40,000 No. of equity shares subscribed. 12,617 shares forfeitued. 1943 - Capital reduced by cancelling the paid-up capital to the extent of Rs. 50 per share. 1960 - 18,225 Right shares offered at par in prop. 2:3. Only 18,093 shares taken up. 1961 - 18,190 Bonus shares issued in prop. 4:10. 1963 - The company formed in collaboration with Borax (Holdings) Ltd., London, a new company by the name of Borax Morarji Ltd., to manufacture of Borax & Boric acid. - 19,099 Right shares issued at par in prop. 3:10. 1964 - 27,588 Right shares issued at par in prop. 1:3. 1965 - The company in collaboration with Albright & Wilson Ltd., London, Shri S.P. Pandit & Smt. Sharda Mukherjee, floated a new company on 25th September under the name of Albright, Morarji & Pandit Ltd., for manufacture of phosphoric acid & industrial phosphatic. 1966 - 11,035 Bonus shares issued in prop. 1:10. 1968 - In June, 24,277 Bonus shares issued in prop. 1:5, and in Sept., 58,266 Right shares issued at par in prop. 2:5. 1969 - 50,982 Bonus Equity shares issued the prop. 1:4. 1973 - 2,54,913 Bonus Equity shares issued the prop. 1:1. 1975 - The Company shifted the plants manufacturing di-ethyl sulphate, para amino phenol, sulphuric acid plant and aluminium sulphate plant to Roha. Subsequently, benzene sulphonyl chloride and thiophenol plants were shifted and commissioned in 1979. - The Company promoted, jointly with the Madhya Pradesh State Agro Industries Development Corporation Ltd. to implement a project for the manufacture of granulated fertilisers. 1976 - 4,07,860 Bonus shares issued in prop. 4:5. 1979 - In May, with a view to further diversification, the company took on lease for six years a factory at Baroda belonging to Tolne-Chem Industries Pvt. Ltd., for the manufacture of resorcinol, a chemical product used mainly by the tyre industry. - 3,67,074 Bonus shares issued in prop. 2:5. 1980 - The capacity of single superphosphate plant was expanded at Kumhari in phases from 95,000 to 1,61,000 tpa 1981 - In order to contain pollution caused by the manufacture of superphosphate, facilities were set up to manufacture fluoride chemicals and silica compound and commissioned. - During 1981 to 1989, Turn-key projects & Consultancy services division was busy in executing various contracts received from reputed parties such as National Rayon Corporation, Ltd. Shaw Wallace & Co., Ltd., Indian Rayon Corporation, Ltd. Hindustan Zinc Ltd., etc. 1982 - Environmental Engineering division conducts studies on air pollution and liquid effluents. And started taking turn-key contracts for design and supply of effluent treatment plants. Orders were received from Crompton Greaves Ltd., V.I.P. Industries Ltd., Hindustan Aluminium Corporation Ltd., and Bombay Dyeing & Manufacturing Co. Ltd. 1984 - Despite severe drought in the Company's major marketing zone of Maharashtra, Gujarat and Western Madhya Pradesh, sales of single superhosphate were maintained. The subsidy from Fertilizer Industry Corporation Committee for use of Rajasthan State Mining Development Corporation's Rock Phosphate was also terminated. - The Company offered 4,80,000-15% non-convertible debentures of Rs. 100 each as rights. These debentures were allotted in February 1985 and are redeemable at a premium of 5% in February, 1992. 1986 - The single superphosphate plant was modernised and also expanded from 2,00,000 tpa to 3,00,000 tpa. - Equity shares sub-divided effective from 3rd June and authorised capital increased. 1987 - The severe competition lead to a fall in prices. The profits were lower than the previous year due to increase in depreciation, higher interest charges and reduction in equated freight on fertilisers reimbursed by Government. 1988 - Similarly, the capacity of sulphuric acid plant increased from 66,000 tpa to 1,01,900 tpa and that chloro-sulphonic acid plant from 3,600 tpa to 16,500 tpa in July. 1989 - Single superphosphate with micro nurtient of boron known as boronated superphosphate manufactured by the Company had been notified as a fertiliser by the Government. - The Company was in a position to take up project for large size sulphuric acid plants in India and abroad. - As on 31st March, the Company held 5,02,600 No. of equity shares in Boraz Morarji Ltd. 1990 - The operations were adversely affected due to allround increase in the cost of inputs, higher transport costs and enhanced provision for depreciation as the Jhar factory became operational. - The Company commissioned at Jhar, district Amreli, Gujarat, a sulphuric acid plant with a capacity of 33,000 tpa and a single superphosphate plant with a capacity of 66,000 tpa. - 25,69,520 Bonus shares issued in prop. 2:5. 1992 - The Company sold the Alpha Olefin sulphonate plant at Roha to Albright Morarji and Pandit, Ltd. a company jointly promoted with Albright & Wilson Ltd., London. During the year, the Company commissioned sulphuric acid plant with a capacity of 3,000 mtrs per annum at Roha. - On 14th July, company issued 31,47,663 - 16% secured redeemable partly convertible debentures of Rs. 40 each of which 29,97,774 debentures were offered on rights basis in the ratio of one debenture for every three equity shares held (only 28,77,245 taken up). The balance 1,49,889 debentures along with 1,20,529 debentures not taken up by the shareholders were offered to the employees/workers of the Company (all were taken up). Additional 2,99,777 debentures were allotted to retain oversubscription. - As per terms of the issue, Rs. 20 of each debenture would be converted into one equity shares of Rs. 10 each at a premium of Rs. 10 per share at the end of six months from the date of allotment. The balance Rs.20 of each debenture would be redeemed at par at the end of 7 years from the date of allotment. - The Company commissioned the bio-methanation plant based on Bacardi Technology for Kopergao Sahakari Sakhar Karkhana Ltd. During the year, the Company signed an export contract for supply of equipments for a plant of 100 MTs per day capacity to manufacture sulphuric acid and 50 MT per day capacity to manufacture alum with Global Soap and Detergent Industries Ltd., Nigeria. - 35,27,640 No. of equity shares allotted on part conversion of 16% debentures (prem. Rs. 10 per share). 1993 - The company expanded chlorosulphoric acid plant. - The Company also secured an assignment for preparation of a feasibility report for GSFC in respect of a 50,000 tonnes per annum capacity P 205 phosphoric acid plant in Uganda. 1994 - As on 31st March, the Company held 9,29,600 No. of equity share in Albright, Morarji & Pandid Ltd. - As on 31st March, the Company held 1,16,994 No. of equity shares of Rs. 10 each in M.P. Agro-Morarji Fertilisers Ltd. - The Company subscribed for 66,000 No. of equity shares of Rs. 10 each of Premier Morarji Chemical Co. Ltd. As on 31st March, the Company held 49,500 shares in this Company. 2002 -Dharamsi Morarji Chemical Company Ltd has informed that the Board of Directors of the Company at its meeting held on March 7, 2002 has appointed Mr C B Nalawalla as an additional Director. 2006 -The Compsny appointed Shri. V K Punshi as Managing Director of the Company. 2007 -Dharamsi Morarji Chemical Company has appointed Shri. Dilip P Goculdas as Managing Director (Agri Business) of the Company 2015 -DMCC bestowed with Certificate of Merit for "Water Resource Management in Chemical Industry" by Indian Chemical Council (ICC) for the year 2014. 2017 -Amalgamation of Borax Morarji Limited ( BML) with The Dharamsi Morarji Chemical Company Limited (DMCC). 2022 -Company name has changed to DMCC Speciality Chemicals Ltd. from Dharamsi Morarji Chemicals Company Ltd.