Hingunghat Mill Company Ltd.


The Hingunghat Mill Co. Ltd. was a Cotton Mill located in the cotton growing area of Hinghanghat, near Wardha in Maharashtra. 

At incorporation, the capital was Rs. 3,00,000 divided in to 600 shares of Rs. 500 each. Amount paid at the time of application / allotment was Rs. 100. The balance Rs. 400 was paid in installments of Rs. 50 each in the same year.

Here is a certificate for one share Numbered 310 of only 600 issued for Rs. 500. Printed in Black, it shows a large vignette of the mill, and has a 1 Anna adhesive revenue stamp with the face of Queen Victoria. 

I have not been able to find any information on this company.
 
It is noticed that the share certificate, issued in the name of one Issurdas Mehta (Ishwardas Mehta) was in 1884 (so in about 3 years) transferred to Dinshaw Manokjee Petit (Dinshaw Manekji Petit) who was the founder of the first Textile Mill in Bombay and was also the first Baronet. It was in his name for about 13 odd years till transferred to one Bullubhdas Daga (Vallabhdas Daga) in 1897, a few years before the death of Dinshaw Petit.
 
The Mill does not seem to have survived long thereafter as no further transfers are registered.

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