The Company was incorporated as Yug Adhesive Private Limited under the provision of the Companies Act, 1956 vide certificate of incorporation dated June 23, 2003 issued by the Asstt. Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Later on, the name of company was changed to Yug D‚cor Private Limited and fresh certificate of incorporation dated December 7, 2004 was issued by the Registrar of Companies, Gujarat. Consequent upon the conversion of the Company into public limited company, the name of the Company was changed to Yug Decor Limited and fresh certificate of incorporation dated September 14, 2016 was issued by the Deputy ROC, Registrar of Companies, Ahmedabad Gujarat. The Corporate Identification Number of the Company is U24295GJ2003PLC042531. the Company was incorporated in the year 2003. Earlier Company was engaged in mere trading of Laminates and plywood. In the year 2006, the Company had buy out manufacturing Unit (Unit I) of Water Based Adhesive from Karan Adhesives Private Limited against the consideration of Rs. 18.56 Lakh and also commence the activity of and Rubber Solution/Adhesive i.e. PVA Based Adhesive, PVA Based Binder, Resin Solution and Rubber Adhesives for wood and footwear industry at Santejand due to which top line of the company was increased to the level of Rs.391.69 Lacs and the PBDT was more than doubled to Rs.6.56 Lacs and net profit after tax has increased to Rs.1.50 Lacs i.e by 73.2%. During the span of 2007-2010, additional Equity Share capital of Rs.46.78 Lacs was pumped in the company and started concentrating mainly on manufacturing business activities and slowing down to trading business with a vision to concentrate more on manufacturing and marketing of adhesive and rubber based products and strengthening on its own brand. Turnover of manufacturing business increased to Rs.724.48 Lacs from Rs.80.73 Lacs in the year 2007-2010. The Company expanded its dealer network and augmenting relationships across channels besides launching value added products. In the year 2010,the Company has taken the factory premises on lease basis from Pranam Polyurethane India Pvt Ltd - Unit II situated at 734/3, Opp. Nilkanth Hotel, Rakanpur, Tal: Kalol, Dist: Gandhinagar-382 721, in which the company Commenced production of Manufacturing Solvent based adhesives. the company has also started export sales of PVA Based Adhesive to Ethiopia (INR 5.01 Lacs). the Company has taken the factory premises on lease basis from Pranam Polyurethane India Pvt Ltd - Unit III situated at Plot No: 734/7, Opp. Nilkanth Hotel, Rakanpur, Tal: Kalol, Dist: Gandhinagar-382 721, in which the Company commenced production of Manufacturing paints and finishes.
During the year 2013-16 new products were added to the basket of manufacturing activity i.e. Lai (Starch Based Solution), Surface Coating: Melamyne and Magic Touch, Paints: Distemper, Cement Primer/Wall Primer, Emulsion, Enamel including Automotive Paints. After having strong foothold in the manufacturing of various water and solvent based chemicals/adhesives, In the year 2016, the company has acquired factory premises from Pranam Polyurethane India Pvt Ltd namely Manufacturing Unit III on lease basis situated at Plot No: 734/7, Opp. Nilkanth Hotel, Rakanpur, Tal: Kalol, Dist: Gandhinagar to undertake the manufacturing activities of paints and finishes. The company has received the amended consolidated consent from GPCB vide amended order no. AWH-84044 dated January 27, 2017 for manufacturing of PVA Based Adhesive, PVA Based binder and Lai (Starch based solution) upto total quantity of 50MT/Month, 10MT/Month and 90MT/Month respectively which is valid upto December 27, 2021.
Major Events
The major events of the company since its incorporation in the particular financial year are as under:
2003-04
-The company was incorporated and commenced the business
2004-05
-The Name of the Company was changed.
2006-07
-Company purchased Manufacturing UnitWater and Solvent Based Chemicals/Adhesive.
2010-11
-Company acquired a Manufacturing Unit II on lease basis to manufacture solvent based Chemicals/Adhesive activities
2016-17
-Company acquired factory premises namely Manufacturing Unit III on lease basis to undertake the manufacturing activities of paints and finishes.
-The Company was converted in to Public Company.
-Bonus Shares were issued in the ratio of 4.5:1.
-Adoption of New Sets of Articles of Association. 2022 -The Company has issued Bonus Shares in the Ratio of 1:2.
2023 -The Company has issued Bonus Shares in the Ratio of 15:100.
2024 -The company issued rights shares of Rs. 10 in the ratio of 1:2 at par.
2025 -The company issued rights shares of Rs. 10 in the ratio of 1:2 at par.
|