YEAR EVENTS 1960 - The Company was incorporated on 22nd June, at Chennai. The Company's object is to manufacture Paper and boards and in particular the manufacture of paper-pulp, wood-pulp and fibrous-pulp of all descriptions, cellulose and other materials required by the company. 1961 - Issued 10,50,000 shares to promoters, etc. and collaborators and 10,00,000 shares to TIIC. 14,50,000 shares offered to public in Sept. 1960. - Final call of Rs.2.50 per share was made payable by July. 1976 - 17,50,000 Bonus shares issued in prop. 1:2. 1987 - 10,00,000 shares allotted on private placement basis. 1989 - The first three months of production was affected due to unprecedented power trippings, operations during the second half was stabilised enabling the company to bring down its loss. - 10,00,000 shares allotted at par to financial institutions on 29.5.1989 in conversion of funded interest. 1991 - 10 lakh No. of equity shares of Rs.10 each issued on private placement basis (of these 4 lakh shares issued to shareholders on preferential basis in the prop. of 20% of their shareholding). 1992 - Though sales in terms of value at Rs.89.99 crores was substantially higher, in terms of volume it declined due to recession hot market conditions together with non-availability of bank credit to major segments of the trading community. - 18,00,000 shares issued to shareholders and employees. 1993 - During October-November, the company issued 16,50,000 No. of equity shares of Rs.10 each for cash at a prem. of Rs.10 per share on Rights basis in the prop. 1:5. (all were taken up). - Another 1,50,000 shares of Rs.10 each were offered at a prem. of Rs.10 per share to employees on an equitable basis (all were taken up). - Also 12,00,000 No. of equity shares of Rs.10 each were issued at a prem. of Rs.15 per share to an overseas corporate body viz. M/s. Synergy Investments Plc. Ltd. Singapore. - The Company undertook to set up a power project which envisaged installation of - (i) 2 nos. 750 KVA DG sets to supplement captive requirements, - (ii) 110 KV sub-station to ensure stabilised drawal of power, - (iii) Singlefluid boiler that can be operated on multifuels so as to reduce the overall cost of self generated power. - Subject to necessary approvals being obtained the company proposed to issue 12,50,000 convertible warrants of Rs.90 each to promoters on preferential basis. These warrants were to be converted into equity shares of Rs.10 each at a prem. within 18 months from the date of allotment. 1994 - The Company entered the business of leasing after obtaining necessary approvals. 1995 - The company undertook an expansion/modernisation plan costing Rs.300 crores, to double the installed capacity from 60000 TPA to 150000 TPA and also to upgrade the entire steam and power system to an energy efficient high pressure system so as to make the mill achieve 100% self sufficiency in the power front. - Letters of intent for the same were received from the financial institutions for an aggregate amount of Rs.155 crores. The major equipments were imported from Germany. 1996 - Gross sales realisation also declined due to lower quantum of production coupled with lower per tonne sales realisation due to sluggish market conditions. 2007 -Seshasayee Paper & Boards Ltd has appointed Sri. Vishwanath Shegaonkar, IAS, representing Government of Tamilnadu, as a Director of the Company in the casual vacancy caused by the withdrawal of nomination of Sri. Surjit K Chaudhary, IAS. 2008 - Seshasayee Paper And Boards Ltd has informed that the Board of Directors of the Company at their meeting held on July 26, 2008, has appointed Tmt Sheela Rani Chunkath I A S, Chairman & Managing Director, The Tamil Nadu Industrial Investment Corporation Limited, Chennai as a Nominee Director of the Company in the place of Sri S K Prabakar I A S. Further the Board also appointed Dr N Sundaradevan I A S, representing Government of Tamil Nadu as a Director of the Company in the place of Sri R Rajagopal I A S. 2009 - Seshasayee Paper And Boards Ltd has informed that the Board of Directors of the Company at their meeting held on March 28, 2009 has 1) Re-appointed Shri.N. Gopalaratnam, as Chairman & Managing Director for a term of 5 years from April 01, 2009. 2) Appointed Sri. Debendranath Sarangi, IAS, representing Government of Tamil Nadu as an Additional Director of the Company in the place of Dr. N Sundaradevan IAS. - Seshasayee Paper & Boards Ltd has informed that the Board of Directors of the Company at its meeting held on June 04, 2009, has appointed Sri. V Sridar, as an Independent Director of the Company. 2010 -Seshasayee Paper and Boards Ltd has recommended payment of a Dividend at Rs. 3.50 per equity share 2011 -Seshasayee Paper and Boards Ltd has acquired M/s Subburaj Papers Private Limited 2012 -Seshasayee Paper and Boards Ltd has recommended payment of a dividend at Rs. 5/- (Rupees five only) per equity share of Rs. 10 each 2013 -Seshasayee Paper and Boards has recommended payment of dividend at Rs. 4 per Equity Share of Rs. 10 each for the year 2012-13. -Company have acquired 100% equity shares of M/s. Esvi International (Engineers & Exporters) Limited. 2014 -R V Gupta has been appointed as an Independent Director on the Board of the Company. -Company has recommended payment of a dividend at Rs. 4 per equity share of Rs. 10 each. 2015 -Seshasayee Paper - Mill Development Plan.