Keeping in mind the increasing size of the activities, the Company was converted from Private Limited Company to Public Limited Company in 1994 and the Company went into Public Issue of Shares in January 1996 by floating its shares at a premium of Rs. 10/- per share, which were fully subscribed despite adverse Financial Conditions prevailing at the time of Public Issue. The shares of the Company were listed in the Stock Exchanges at DELHI, KANPUR, JAIPUR, AHMEDABAD and KOLKATA.

The Product manufactured in Unit I was changed from KRAFT PAPER to DUPLEX BOARD in 2004 so as to be manufacturing Duplex Board Uncoated with Lower GSM in Unit I and Duplex Board coated on one side or both sides in Unit II. The Company kept on expanding its Production Capacity in both the Units from time to time resulting in an Installed Production Capacity of 9,000 MT in Unit I and 22,000 MT in Unit II totaling to 31,000 MT Annual Production Capacity of the Company as a whole. Thus, the Company had full range of production in the area of Duplex Board and we were manufacturing all types of Duplex Board including LWC, HWC etc. catering to all types of business needs in respect of Duplex Board. The product of the Company is now being supplied to the whole of the Country ranging from the state of Jammu & Kashmir in north to Tamil Nadu and Karnataka in South and in West Bengal in East to Maharashtra and Gujarat in West and in Rajasthan, Madhya Pradesh etc. in the Central India. The main concentration of the products of the country is in the capital of the Country Delhi, where our majority sales takes place. The Company has made it possible by its constant efforts and Quality Control measures to establish its brand name in the product being manufactured and Company has established its image linked with the Brand name. The Raw Material namely Waste Paper being used is both Indian as well as Imported. We procure Waste Paper from U.P., Delhi, Rajasthan, Madhya Pradesh, Maharashtra and all other states.

The Company had no Long Term Loans from any Financial Institution as on 31 st December, 2010 and the only Financing facilities availed were Working Capital Limits of Rs. 6.50 Crore (including Fund Based and Non Fund Based facilities) from Punjab National Bank. The Company has a track record of a Profit making Unit since its inception and has never defaulted in any payment of any Financial Institutions or any Creditors. The Company considers itself quite fortunate to have a very good Board of Directors and team of Management with shrewd foresightedness, statesmanship and Leadership qualities. The Company has also maintained very cordial Labour Management relationship since the start and has never felt any industrial unrest. The entire group is a well nit family and perhaps that is the secret of the vertical growth of the Company in last two decades.

The production Capacity of both the Units were enhanced during 2010-11 with a Term Loan of Rs. 7.40 Crores and enhanced Working Capital Limits facilities of Rs. 8 Crores. This Capital Expenditure resulted in increase in present Production capacity of the Company to 75,000 MT per annum.

The Company engaged in production of Duplex Board till now further expanded its activities by adding one more Company named as ANAND TRIPLEX BOARD LTD. during 2004. This Company was set up as a separate Public Limited Company with the same management and put up a plant to manufacture NEWSPRINT & WRITING PRINTING PAPER at the Land, just adjoining the existing Company at Village Saini, Meerut, purchased for the purpose. Approximately 1,53,000 Square Yards Land was purchased for the purpose and the Project Cost was of Rs. 111 Crores. The Installed Capacity of the Plant originally planned was 150 MT per day coming out to 54,000 MT per Annum and was subsequently changed to 180 MT per day coming to 64,800 MT per annum. The Unit came into Commercial Production in end September 2008. The Unit has also put up a Turbine with a capacity of 10 MW, which has surplus power generation capacity after providing Power & Electricity to both the Companies.

The Project cost of Rs. 111 Crores was financed to the extent of Rs. 74.50 Crores under Multiple Bank Finance comprising of Punjab National Bank, Meerut (Lead Bank), Oriental Bank of Commerce, Meerut, Bank of India, Meerut, Syndicate Bank, Meerut and Vijaya Bank, Meerut and the remaining Rs.35.50 Crores being contributed by the Promoters. The Working Capital was also financed by three Banks under Consortium Financing consisting of Punjab National Bank, Meerut, Oriental Bank of Commerce, Meerut and Bank of India, Meerut to the extent of Rs. 18 Crores consisting of both Fund Based and Non Fund based facilities. The repayment of the Term Loan was to start from April 2009, which was rescheduled after repaying first Instalment so as to start repayment from April 2010 onwards. These instalments are being regularly paid and six instalmentes have been paid so far and the present outstanding Term Loan is around Rs. 60 Crores. Looking into good Working of the Company and keeping in view the enhanced requirements , the Lead Bank has worked Permissible Bank Finance to the extent of Rs. 30 Crores as on 31 st December 2010. The Company has engaged highly qualified Professionals leading their various Departments in Technical, Administrative and Financial Fields and Company can boast of highly cordial relations with officers, staff and workers engaged .

The Company is capable of producing NEWSPRINT paper as also WRITING PRINTING PAPER, though presently, we are concentrating on the production of NEWSPRINT paper only. The NEWSPRINT paper being manufactured by us is being supplied to all the leading newspapers of the Country including AMAR UJALA, DAINIK JAAGRAN, PUNJAB KESARI, JANVAANI in Hindi Papers and HINDSUTAN TIMES, NANHI DUNIA and several other local news papers and Magazines etc. The Company has a network of Distributors and experienced Sales Department to manage Sales, Distribution and marketing operations of the Company.

Both the Companies have the same Directors namely Shri Anand Prakash Sharma Chairman, Sh. Nikhil Vats Managing Director and Shri Daman Vats Executive Director. Shri Daksh Nikhil son of Sh. Nikhil Vats is also the fourth Director in Anand Triplex Board Ltd.

Anand Duplex Ltd. is a listed Company but the majority of shares are held by the Directors named above with their relatives and friends. Anand Triplex Board Ltd. is a closely held Public Limited Company with the entire shareholding held by the above Directors with their family members and friends.