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Archidply Industries Ltd.

BSE: 532994 Sector: Others
NSE: ARCHIDPLY ISIN Code: INE877I01016
BSE 00:00 | 25 Jan 34.75 -1.25
(-3.47%)
OPEN

34.50

HIGH

37.00

LOW

34.20

NSE 00:00 | 25 Jan 34.50 -1.40
(-3.90%)
OPEN

37.00

HIGH

37.00

LOW

34.20

OPEN 34.50
PREVIOUS CLOSE 36.00
VOLUME 11010
52-Week high 46.90
52-Week low 12.00
P/E
Mkt Cap.(Rs cr) 77
Buy Price 34.30
Buy Qty 40.00
Sell Price 34.75
Sell Qty 80.00
OPEN 34.50
CLOSE 36.00
VOLUME 11010
52-Week high 46.90
52-Week low 12.00
P/E
Mkt Cap.(Rs cr) 77
Buy Price 34.30
Buy Qty 40.00
Sell Price 34.75
Sell Qty 80.00

Archidply Industries Ltd. (ARCHIDPLY) - Company History

The Company was incorporated on September 5, 1995 as ATP Silvi Products Limited. Until 2005, ATP Silvi did not carry any manufacturing activities. Mr Deen Dayal Daga, Mr Shyam D Daga, Mr Rajiv D Daga and Assam Timber Products Private Limited have promoted the Company. ATP Silvi was incorporated with the aim of raising tree & other plantations on wasteland. Thereafter it was thought that ATP Silvi could manufacture medium density fibre boards (MDF panels) and uses the plantations for own consumption. Subsequently, in June 2005, the Company has received recommendation of CEC for grant of licence for manufacture of plywood and particleboard at Rudrapur, Uttarakhand. In March 2007, the company name was changed to Archidply Industries Limited. In 1995, The Company Individual Promoters acquired 'The Mysore Chipboards Limited' (TMCL), which had two manufacturing divisions, namely 'plywood and block board' and 'particle and laminated board' ('the Manufacturing Divisions'), located at Mysore. TMCL had been closed for about 7 years since 1988; after the acquisition the manufacturing activities were successfully revived, and TMCL commenced manufacture of plywood, which were marketed under the trademark and label 'Archidply' since 1995. Assam Timber Products Private Limited ('ATPL') was engaged in the business of manufacturing plywood, block board and decorative plywood and has been marketing its products under trademark and label 'Archidply' nationally through their dealers' and distributors' network since 1976. Pursuant to a Deed of Assigment dated July 8, 2000, Assam Timber Products Private Limited transferred all its proprietary rights in the mark 'Archidply' alongwith the goodwill of business relating to the goods in respect of which such trademark was used to TMCL. ATPL factory at Assam was shut down in December 1996 following the Hon'ble Supreme Court's Order directing closure of all wood based industries located in the States of Assam and Arunachal Pradesh. However ATPL continued with its trading activity thereafter. Scheme of Demerger, with effect from April 1, 2005 ('Appointed Date'), both the Manufacturing Divisions of The Mysore Chipboards Limited that were functional at that point of time, were demerged and merged with ATP Silvi Products Limited and the production continued after demerging. All assets and liabilities of the Manufacturing Divisions including the mark 'Archidply' were transferred to the Company.

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