YEAR EVENTS 1959 - The company was incorporated and acquired a paper mill for a consideration of Rs.7.16 lakhs. During 1968 and 1970, the company increased its capacity to 24 TPD. During 1982 capacity was further enhanced to 45 TPD. The company's object is to manufacture paper and paper boards. 1994 - During December, the company came out with a public issue of 12,80,000 No. of equity shares of Rs.10 each at a prem. of Rs.50 per share aggregating to Rs.768 lakhs to finance co-generation project. 1995 - 220000 No. of equity shares allotted to promoters and Associates at a price of Rs.60 per share on firm basis. 12,80,000 No. of equity shares of Rs.10 each at a prem. of Rs.50 per share allotted to FIs, Mutual Funds and Indian Public through public issue. 1996 - The high pressure power boiler became operational from February. This is expected to insulate the cost of fuel by virtue of supply shortages and off season scarcities. 1998 - The Company undertook an expansion project for setting up (i) Electro static precipitator system (ii) High pressure boiler of 25 tph capacity (iii) New paper machine (iv) Turbo generating set of 3.5 MW capacity. 2010 -South India Paper Mills has given the Bonus in the Ratio of 1:1 2012 - The Board of Directors has recommended Dividend @ 22% on the Equity Capital i.e. Rs. 2.20 per Share for the year. 2013 -Board of Directors of the Company has recommended Dividend @ 22% on the Equity Capital i.e. Rs. 2.20 per share for the year. 2014 -Board of Directors of the Company has recommended Dividend @15% on the Equity Capital i.e., Rs. 1.50 per share for the year.