Tainwala Chemicals & Plastics (India) Ltd (TAINWALCHM)

Incorporated in 1985, Tainwala Chemicals and Plastics India Limited became a public company in 1986. The company manufactures various types of extruded plastic sheets such as PVC, PP, HDPE and PET from a thickness of 200 microns to 40mm. They also produce a mosquito repellent known as the Casper brand and wetcleaning tissues under the Fresh One brand. Other uses for the extruded plastic sheets include fabrication of industrial equipment, lining of chemical tanks and pollution control equipment. PVC roofing sheets are useful for house, warehousing, godowns, factories and exhibition stalls. The company released a public issue in 1994 to finance a project to manufacture multilayer PVC roofing sheets, with a premium of Rs35. Structural changes have been made to accommodate the new business and Samsonite India Ltd, a joint venture between Tainwala group and Samsonite Corporation, USA has now successfully began production. An amalgamation of Tainwala Polycontainers Ltd. and the company was accepted by the Honble High Court of Bombay, though an appeal was filed by a shareholder.

Tainwala Chemicals and Plastics India Limited was incorporated in 1985 and was made public one year later. They specialize in the manufacture of extruded plastic sheets ranging from 200 microns to 40mm in thickness, and also produce brands of mosquito repellents and wetcleaning tissues. PVC roofing sheets are a popular use for the sheets, as they are suited to a variety of structures such as warehouses, factories, and exhibition halls. To increase the manufacturing capacity and finance a project for multilayer PVC roofing sheets, the company released a public issue in 1994 at a premium of Rs.35. In an effort to keep up with the rising business demands, reforms were made to the company's structure. Along with this, Samsonite India Ltd., a joint venture between Tainwala Group and Samsonite Corporation of USA, has recently commenced production. An official approval of the amalgamation of Tainwala Polycontainers Ltd. with Tainwala Chemicals and Plastics India Limited was granted by the High Court of Bombay, however this order has been stayed due to an appeal by a shareholder.

Share Price: ₹169.65 per share as on 18 May, 2024 04:01 PM
Market Capitalisation: ₹153.93Cr as of today
Listing date: 10 May, 1995
Chairperson Name: RAMESH DUNGARMAL TAINWALA