Meghmani Organics Ltd Share Price Meghmani Organ.

Meghmani Organics Limtied is amongst the largest manufacturers of Phthalocyanine-based Pigments with a global market share of 14% in volume terms. The Company has a global distribution network. Its direct presence with subsidiaries in the US, Indonesia, Dubai and a representative office in China helps maintain a front-end presence and the ability to work closely with end-user customers. It also has warehouses in Turkey, Russia, USA, and Uruguay. The Company is in the business of manufacturing and selling of pigments and agrochemicals products.In the year 1986, Mr. Jayanti Patel, Mr. Ashish Soparkar, Mr. Natwarlal Patel, Mr. Ramesh Patel and Mr. Anand Patel formed a partnership firm, M/s Gujarat Industries, to produce pigment blue. On January 2, 1995, M/s Gujarat Industries was converted into a company with the name Meghmani Organics Limited. The company was allotted the Equity Shares to the promoters / partners of the M/s. Gujarat Industries in lieu of the assets and liabilities of the partnership firm.In 1995, the Company has set up facility at Chharodi, Ahmedabad, to manufacture insecticides and agrochemicals. In 1996, the company has expanded its pigment business by purchasing land at GIDC, Panoli near Ankeleshwar and commenced the commercial production. In 1999, The Company has received ISO 9001-2000 certification for the achievement of quality assurance in production, purchasing, marketing and distribution in relation to Vatva, Panoli and Chharodi Plants. In 2003, the Company has acquired assets of Unit II from Rallis India Limited (Ankleshwar), for expansion of Agrochemical production and started commercial production. In 2006, the company expanded the capacity of Cyper Methric Acid Chloride (CMAC) plant at the Ankleshwar unit with a capital outlay of Rs.180 millions and commenced the commercial operation.A fire accident had taken place on 5 June 2013 in formulation plant of the Company situated at Plot No. 22/2, (Phase-IV), GIDC Panoli, Ankleshwar. No casualty had taken place. The Company had lodged the insurance claim of Rs.1.61 Crore out of which the Company has received Rs1.47 Crore from Oriental Insurance Company Limited, Ahmedabad. A fire accident had taken place on 20 February 2014 in Agrochemical plant of the Company situated at Plot 5001 B, GIDC Ankleshwar. No casualty had taken place. The Company has lodged the insurance claim of Rs1.74 Crore. The claim is under process.An accident had taken place on 19 August 2014 due to blast in reactor in Agrochemical plant of the Company situated at Plot 5001 B, GIDC Ankleshwar. The Company has lodged the insurance claim of Rs0.60 Crore. The claim is under process.During the year under review, the Plant to manufacture Alpha Blue for 100 million tones per month capacity was commissioned at Plot No. Z31 and Z32, Dahej SEZ Limited, Dahej, Bharuch and the commercial production started from 1 October 2014.