YEAR EVENTS 1974 - The company was incorporated on 9th September as a Public Limited Company under the name of Hindustan Pipe Udyog Limited and obtained the certificate of commencement of business on 21st September. The Company was promoted by the Jindal group of Companies. - The company first set up a unit for manufacture of ERW Steel Pipes & Tubes, Black & Galvanised, at Jindal Nagar, District Ghaziabad, U.P. 1985 - The company diversified its activities by setting up a unit for the manufacture of Polypropylene Filament Yarn and Polyester Filament Yarn at Gulaothi, U.P. with an installed capacity of 1200 TPA. The capacity of this plant was increased to 2400 TPA in 1987, 4800 TPA in 1989, 7800 TPA in 1991 and 10,800 TPA in 1992. 1990 - The company also took-up modernisation of its Poly plant to updated its technology and replace certain old and worn-out equipments/components. 1992 - The Company set up a Polycondensation Plant with an installed capacity of 15000 TPA of Polyester Chips for captive consumption. 1994 - As consideration for the transfer, the Company was allotted 75,000 No. of equity shares of Jindal Pipes Ltd. of Rs 100 each at a premium aggregating to Rs 843 lakhs. The Company undertook modernisation-cum-expansion balancing scheme for Company's existing POY plant at Gulaothi. - The Company also undertook to diversify into manufacture of solid state poly condensation chips. It was also proposed to enhance the existing POY capacity from 10,800 TPA to 18,000 TPA by installing certain balancing equipments and replacement of old equipments with the latest technology equipments. - It was also proposed to diversify into manufacture of high value addition solid state polycondensation chips (SSS) i.e. bottle grade, mono-filament grade and film grade by installation of additional equipments. In addition, the Company proposed to manufacture of polyester polymer chips suitable for PET bottles as mono filament yarn. - For polycondensation, an additional polycondensation plant with a capacity of 10 tonnes per day was installed. - Northern Plastic Co. Ltd., in the business of inventing and dealing in securities and financing was amalgamated with the Company effective 1st December. As per the amalgamation scheme, the erstwhile shareholder of Northern Plastics were allotted 28,88,400 - 6% convertible cumulative preference shares of Rs 10 each. - 81,40,000-6% cumulative preference shares of Rs 10 and 46,20,000 No. of equity shares of Rs 10 issued, subscribed and paid up. 15,50,000 Equity shares were issued at a premium of Rs 185 per share through a prospectus of which 7,500 shares reserved for allotment to permanent employees of the Company. Balance 15,42,500 shares issued to the public. 1995 - The name of the Company was changed from Jindal Polyester & Steel Ltd., to Jindal Polyester Ltd. effective 17th January. 1996 - 61,70,000 bonus equity shares issued in prop. 1:1 on 8th August. 1997 - The company, the capacity utilisation at the company's grass root BOPET film project set up at Nasik has been considerably low during the year, due to initial stabilisation as well as slackness in demand for BOPET film in the international market resulting in an unabsorbed interest cost of Rs.10 crores and depreciation of Rs.8 crores, thereby affecting overall profitability for the year. 1998 - Apart from Reliance Inds., the company is the only stock which is still above its base value. - The company was planning the merger of M/s. India Polyfilms Ltd. and M/s. Patel Polyproducts Ltd. with the company w.e.f. 1st April 1999. 1999 - Jindal Polyster Ltd (JPL) is considering to introduce Employees Stock Option Plan (ESOP). The company will issue ten lakh equity shares of nominal values of Rs 10 each to employees, including executive and non-executive directors. - The JPL has thus become the second company in the country after Kinetic Motors Ltd to take advantage of the Securities and Exchange Board of India (Sebi) guidelines allowing the companies to make applicable the scheme of ESOP to its employees. - The scheme of amalgamation of India Polyfilms Ltd and Patel Polyproducts Ltd with the company has been approved by the High Court of Uttar Pradesh. 2000 - The company has decided to set up a new unit at Noida Export Processing Zone for the purpose of processing, converting and exporting software. - The company has decided to set up a new unit at Noida Export Processing Zone for the purpose of processing, converting and exporting software. - Issue of 6,60,00,000 Opt. con. pref. shares of Rs 10 each at a premium of Rs 5 each aggregating Rs 5 each aggregating Rs 99,00,00,000 in favour of Jindal Photo Films Ltd. against its loan and advances. - Jindal Polyester Ltd has informed that Sh. Nvpks. R. Murthy, Director (Technical) has resigned from the Board. Mr. Kedar Anandrao Deshpande has joined the Board as Director (Technical). 2002 -Jindal Photo acquires 1,50,00,000 optionally convertible preference shares of the company. -Sh Nvpks R Murthy, Director resigns from the Board. Mr Kedar Anandroa deshpande joins as the Director on the Board of the company. -Appoints Mr Shyam Sunder Jindal as the Additional Director of the company. 2003 -Allots 5% optionally convertible preference shares on preferential basis to Jindal Photo Films Ltd. -Board approves to acquire REXOR GROUP. -Members approve for the following: Appointment of Sameer Banerjee as the Director Marketing. Increase in Authorised capital from Rs.1580mn to Rs.1900 mn. Delisting of company's shares from UP, Delhi, Calcutta and Ahmedabad Stock Exchanges. 2004 -Jindal Polyester Ltd has informed that shares of the company have been delisted from the following stock exchanges : i) U P Stock Exchange w.e.f. January 30, 2004; ii) Delhi Stock Exchange w.e.f. February 11, 2004. 2006 -Mr. L. P. Soni, Fellow Member of the Institute of Company Secretaries of India, (Membership No. 2213) has been appointed as Company Secretary of the Company. 2007 - The Company at its meeting held on August 31, 2007, inter alia, has recommended a dividend of 20% on Equity Shares subject to approval of Shareholders in the ensuing Annual General Meeting of the Company. 2008 - The Company at its meeting held on September 03, 2008, inter alia, has recommended a dividend of 20% on Equity Shares subject to approval of Shareholders in the ensuing Annual General Meeting of the Company. - The Board of Directors of the Company in their meeting held on 29/04/2008, approved an investment upto Rs.250 crore (including premium, if any) in one or more tranches in the form of acquisition/subscription of Equity Shares of Jindal India Powertech Limited, which will be the holding Company of power generating company. - Jindal Poly Films Ltd has informed that "Mr. Ajit Mishra, Associate Member of the Institute of Company Secretaries of India, has been appointed as Compliance Officer of the company w.e.f. 26.9.2008, in place of Mr. L.P. Soni". 2009 - The Company at its meeting held on September 03, 2009, inter alia, has recommended a dividend of 20% on Equity shares (Rs. 2/- per Shares) subject to approval of Shareholders in the ensuing Annual General Meeting of the Company. 2010 - Started 3rd 8.7 mtrs BOPET line with a capacity of 30000 tpa. - Between 2003-2011 9 Metallizer have been installed with a total capacity of 53640 tpa. -Jindal Poly Films has given the Bonus in the Ratio of 1:1 2011 - Jindal Poly Films Ltd, a maker of flexible packaging films, is also evaluating the option of hitting the capital market in order to raise $200 million for thermal power projects. - Jindal Poly Films Ltd has informed BSE that Jindal Poly Subsidiary Awarded Coal Block in Mozambique. - The Board has recommended a dividend of 25% on Equity Shares. 2012 - Jindal Poly Films Ltd has informed BSE that the Company has entered into an agreement with ExxonMobil Chemical (ExxonMobil) to purchase ExxonMobil's BOPP Global Film business. - Jindal Poly - Board recommends Dividend of 25% on Equity Shares. 2013 -Approved the entering of Sale Purchase Agreements relating to the acquisition of Global BOPP Films Business of ExxonMobile Chemical. 2014 -Jindal Poly Films Ltd has recommended dividend of Re. 1/- per Equity Share i.e. @ 10%. -Chandrakantha Rao is appointed as Whole Time Director of the Company. -Ventured into the non-woven business in India 2015 -Received BRC certification for India plant 2016 -Jindal Poly Films Ltd has informed BSE regarding "Commissioning of new BOPP capacity at Nashik Plant". 2017 -Acquisition of Apeldoorn Flexible Packaging Holding B.V. with Jindal Poly Films Ltd. 2020 -Expansion of BOPP film capacity to 311,000 MTPA