Manugraph India Share Price

Manugraph India Limited, formerly known as Manugraph Industries Limited was incorporated in April, 1972. The name of the Company was changed from Manugraph Industries Limited to Manugraph India Limited during the year 200203. Company is the largest manufacturer of weboffset printing presses in India. It was initially manufacturing older type of letter press printing machines. The product was extended to Web Offset Machines and SheetFed Offset machines. In Aug.93, MIL came out with a Rs 5.58cr rights issue of 18.63 equity shares at a premium of Rs 20 each. The object was to increase longterm working capital requirements of the company. MIL has a technical collaboration with Solna, Sweden, for the manufacture of printing machinery. MIL had two subsidiary companies, Manuweb International and Printpak Machinery. The first was amalgamated with MIL effective from 1 Apr.94 under an order of the Bombay High Court. In 199596, the company set up the property developement division which will be carrying out all the activities and projects.During 199697, Printpak Machinery Ltd ceased to be a subsidiary of the company. The company shifted its focus from domestic to the export markets by investing substantially in trade shows, exhibitions and new distributors.During the year 201112, Manugraph Kenya Limited ceased to be a subsidiary of the Company with effect from 30th March, 2012 due to sale of shares of Manugraph Kenya Limited by the Company.In 201718, Company got into the business of CI Flexo packaging printing machine. It later on expanded to manufacture Central Impression Flexo presses for the packaging industry in 201920. However, Constrad Agencies (Bombay) Pvt. Ltd. got merged with the Company effective October 17, 2019. Consequently, Constrad Agencies (Bombay) Private Limited ceased to be the subsidiary of the Company on account of merger in 201920.