YEAR EVENTS 1983 - The company was incorporated on 4th July, as a Public Limited Company under the name and style of `Pressman Consultants Ltd.' and obtained the certificate of commencement of Business on 29th July. It was promoted by the Suchanti family who were also the promoters of Pressman Advertising & Marketing Pvt. Ltd. - The Company is engaged in leasing of equipment, hire-purchase business, purchasing, selling, hiring or letting on hire all kinds of plant and machinery and equipment. 1985 - The Company undertook to set up a plastics division for the manufacture of various types of PVC and plastic containers. Land was acquired at Khopoli in Maharashtra and machinery pertaining to the project was imported from Balleufeld Fisher Blasformtechnik GmbH, West Germany. - The company proposed to manufacture PVC stretch mould containers. - The objects of the public issue of equity capital during April, was to augment the resources of the Company to keep pace with the anticipated growth in business and to get the Company's equity shares listed on the Stock Exchange. - 15,00,000 No. of Equity shares offered at par for public subscription during April. 1986 - The Company proposed to diversify into the area of mutual funds. - In February, the Company issued 3,93,750-13.5% secured convertible debentures (I-Series) of Rs 120 each aggregating Rs 472.50 lakhs. Of these, 3,75,000 debentures were offered as rights to equity shareholders in the ratio 15:100, fractions, being ignored (only 3,33,337 debentures taken up). The unsubscribed portion was allotted on private placement basis. - The remaining 18,750 debentures were reserved for allotment to employees of the Company on equitable basis but none were taken up. All these 18,750 debentures were allowed to lapse. - Rs 20 of the face value of each debentures was converted into 2 equity shares at par on the expiry of 6 months from the date of issue. Accordingly, 6,66,674 No. of equity shares were allotted during June. The remaining Rs 100 of each debenture will be redeemed in full at par by drawing lots on the expiry of the 7th, 8th and 9th year from the date of allotment. 1989 - With effect from 1st April, Pressman Mutual Funds Ltd., was amalgamated with the Company. As per the Scheme of Amalgamated 3,43,326 No. of equity shares of Rs 10 each were allotted to the shareholders of Pressman Mutual Funds Ltd., without payment in cash in the proportion of 6 shares of Pressman Leasing, Ltd., for every 10 shares held in of Pressman Mutual Funds Ltd. 1991 - With a view to strengthening the foundation of the Company, the Company proposed to made judicious investments in stocks of reputed companies. 1992 - The Company has received "Category I Merchant Banker" authorisation from SEBI. - The company's name was changed from `Pressman Leasings Ltd.' to Pressman Ltd. 1993 - During June, the company issued 17,55,000 Rights equity shares of Rs 10 each for cash at a premium of Rs 10 per share in the ratio 1:2. - Simultaneous to the Rights issue, the Company issued through a Prospectus 35,97,750 No. of equity shares of Rs 10 each for cash at premium of Rs 10 per share of which the following were reserved for allotment on a preferential basis: (i) 10,400 shares to employees and (ii) 5,00,000 shares to NRIs on non-repatriation basis. - Balance 30,87,350 shares, along with unsubscribed portion, if any, from employees and NRIs quota, were offered to the public in June. - 53,52,750 No. of Equity shares of Rs 10 each at a premium of Rs 10 per share allotted through Right-Cum-Public Issue. 1994 - The Company has promoted `Corporate Management Services & Research Ltd. jointly with IIT, Kharagpur. - Dubreuil Pressman Ltd. was jointly promoted by the Company and Dub Olastique Group of France. 1995 - 22,15,700 No. of Equity shares of Rs 10 each at a premium of Rs 40 per share allotted through rights issue and 22,096,000 No. of equity shares of Rs 10 each at a premium of Rs 45 per share allotted through public issue. 2002 -Mr. Peter S. Coelho, Director has been appointed as Manager of the company. 2003 -Nucent Finance fixes Book closure for reduction of capital -Taken on record the Order of Hon'ble Calcutta High Court confirming the reduction of capital. -The trading in 14% Non Convertible Debentures -2004 Series U2 of Nucent Finance Limited will be suspended w.e.f December 18, 2003. 2010 -Registered Office of the Company has been shifted From A-3 Gillander House, 8 Netaji Subhas Road, Kolkata 700 001 To "Pressman House", 10A Lee Road, Kolkata 700 020. 2013 -Pressman Advertising Ltd has been amalgamated with NuCent Estates Ltd. -Nucent Estates Ltd. (formerly Nucent Finance Ltd.) has been changed to Pressman Advertising Ltd. 2014 -Pressman Advertising Ltd has been a Google Partner. -Board has recommended a dividend of 50% (i.e. Rs. 1 per equity share of Rs. 2) for the year 2014.