YEAR EVENTS 1981 - The Company was incorporated on 15th January at Andhra Pradesh. - The main object of the Company is to manufacture ordinary portland cement. The Company's cement is marketed under the brand name "Priya Cement" - The Company was promoted by Mr. Muni Krishna, Mr. J. Rama Rao and Mr. Butchaiah. - The Company obtained a mining lease from the Andhra Pradesh Government for mining limestone over a 1,200 acre area in village peddaveedu, Nalgonda district. 1984 - 5,100 Shares subscribed for by the signatories to the Memorandum & Articles of Association. 7,54,800 shares reserved and allotted to promoters, etc., and 4,20,000 shares reserved and allotted to APIDC. 1,40,000 shares reserved and allotted to the promoters, P.N. Krishna and J. Rama Rao which were subscribed with the assistances given from Risk Capital Foundation. 15,30,000 shares offered at par for public subscription during September-October. 1986 - The Government permitted the Company to enhance its licensed capacity to 99,000 tonnes per annum, and accordingly the industrial licence was re-endorsed to permit maximum utilisation of installed capacity. The Company installed some balancing equipments and machinery with a view to economise and also to improve efficiency. 1987 - One D.G. set was installed to supplement the available power. 1989 - Two more D.G. sets were installed and commissioned in May to maintain the production at optimum level. - The Company undertook another expansion scheme to enhance the production capacity to 600 tonnes of clinker and 400 tonnes of cement per day. It was proposed to set up a new grinding unit at Salur in Andhra Pradesh with an installed capacity of 600 tonnes of slag cement. An agreement was entered with Visakhapatnam Steel Plant to supply the required slag to the unit. - The Company proposed to diversify into manufacture of drybond thinset mortar used in fixation of tiles, stones and marbles. Steps were being taken to merge Sagar Laticrete Systems Ltd. (SLS), with the Company. SLS had entered into a collaboration agreement with Laticrete International Inc., U.S.A., for the supply of technical know-how for the project. 1990 - Necessary land was acquired and orders were placed for core equipments. Necessary civil works for the Salur grinding unit were taken up and orders were placed for plant and machinery. - 400 shares issued without payment in cash. 1992 - In June the Company offered 1,14,000-15% fully convertible debentures of Rs.500 each as rights in the proportion 2 debentures for every 50 No. of Equity shares held (all were taken up). Additional 17,100 debentures were allotted to retain oversubscription. - Simultaneously, 5,700-15% fully convertible debentures were offered to employees, etc., on an equitable basis. Only 5,076 debentures taken up. - Subsequently in June, the Company offered 66,000-15% convertible debentures of Rs.500 each out of which 3,300 debentures were reserved and allotted on a preferential basis to employees, etc. The balance 62,700 debentures were allotted to the public. Additional 9,900 debentures were allotted to retain oversubscription (196 debentures to employees and 9,704 debentures to the public). - The full amount of Rs.500 of each debenture allotted to shareholders as rights as also to the public will be converted into 25 No. of equity shares of Rs.10 each at a premium of Rs.100 per share at the end of 6 months from the date of allotment. 2006 -Sagar Cements Ltd has informed that the Industrial Development Bank of India (IDBI) has withdrawn their nominee Director Shri D Sudhakar Rao from the Board of the Company with effect from October 12, 2006. 2008 - Sagar Cements Ltd has informed that the Board of Directors of the Company at its meeting held on July 23, 2008 has appointed Mr. Werner C R Poot as an additional Director. -Registered Office of the Company has been shifted To 8-2-472/B/2, Road No 1, Banjara Hills, Hyderabad. 2009 - Sagar Cements Ltd has appointed Mr. Gilbert Noel Claude Natta as a Director. 2010 -Sagar Cements Ltd has recommended a dividend of 25% (Rs. 2.50 per share) 2011 -Scheme of Arrangement for the proposed merger of Amareswari Cements Ltd with Sagar Cements Ltd has been approved 2012 - Shri K. Thanu Pillai has been appointed as Director of the Company -Sagar Cements Ltd has recommended a Dividend @ 30% (Rs. 3 per share) on the equity shares --Registered Office of the Company has been shifted to Plot No.111, Road No.10, Jubilee Hills Hyderabad- 500 033 2013 -The company started Commercial Production of Cement by its Joint Venture Company. 2014 -Sagar Cements Ltd has announced an interim dividend 50%. 2016 -Sagar Cements Acquisition of grinding unit in Bayyavaram. 2017 -Sagar Cements 6 MW waste heat recovery plant in Telangana has started power generation and the same is expected to stabilize in due course. 2021 -Sagar Cements Ltd. has announced that the Board of Directors of the Company July 01, 2021 approved split of every 1.00 equity share of the company having face value Rs 10.00 each into 4 equity shares of face value Rs 2.00 each. 2022 -Sagar cement has been selected for Best Management Award by the Government of Telangana. 2023 -Sagar Cements Limited amalgamated with Jajpur Cements Private Limited.