Exedy India Ltd. कंपनी का इतिहास और वार्षिक वृद्धि विवरण

YEAR EVENTS
1973 - The Company was incorporated on 3rd November, at Mumbai. The
company was promoted by Chinai Industries, which was a
partnership concern of the late Mr. Babubhai M. Chinai and
Mahesh B. Kothari.

- The Company's objects is to manufacture of carburettors and
Carburettor kits clutch plates and clutch cover assemblies.

- The Company entered into two technical collaboration agreements -
one with Societe Europeene De Carburation, France (SEDEC) for
carburettors and carburettor kits and second with Daikin
Manufacturing Company, Ltd., Japan (DAIKIN) for clutch plates and
clutch cover assemblies.

1977 - 2,00,000 shares allotted to promoters, etc., 3,00,000 shares
offered at par to the public in July 1976.

1981 - 8,07,000 shares allotted to promoters at par in conversion of
loans including the interest.

1983 - The agreement with DAIKIN was renewed for a further period of
5 years on 15th July. The collaborators subscribed for 2,50,000
No. of equity shares of Rs.10 each of the company at par.

1985 - 1,13,000 shares issued at par to promoters etc.

1986 - Issued 2,50,000 shares to Daikin Mfg. Co. Ltd., Japan and 50,000
shares to promoters both at par.

1987 - With effect from 9th November, the name of the company was
changed from Ceekay Automotive Products, Ltd. to Ceekay Daikin
Ltd.

1988 - The Company had taken up an expansion cum modernisation scheme to
raise the capacity of clutch plates from 2,00,000 to 3,00,000
nos. per annum and that of clutch cover assembly from 1,00,000
to 2,00,000 nos. per annum at an estimated cost of Rs.346 lakhs.

1989 - 5,00,000 rights shares issued (prem. Rs.3 per share; prop. 1:2).
Only 4,95,266 shares taken up. The balance 4,734 shares allotted
to ICICI. 25,000 shares offered to employees/workers (prem. Rs.3
per share). Only 3,050 shares taken up. Balance 21,950 shares
were to be allotted to ICICI.

1990 - The margins came under severe pressure due to increase in raw
material prices, foreign exchange fluctuations and due to higher
charges of depreciation on account of expansion and modernisation

1993 - The company completed the expansion to raise production capacity
by 50% to 4,50,000 clutch disc and 3 lakhs clutch cover assembly.

- 7,51,525 right shares allotted at a prem. of Rs.20 per share in
the ratio of 1:2. 15,075 shares allotted to employees.

1994 - The Company undertook further expansion/modernisation programme
to expand its manufacturing capacity of clutch disc assembly to
10 lakh from 4.5 lakh clutch cover to 6 lakhs from 3 lakhs.

- The Company subject to necessary approvals, is to set up a joint
venture company with Daikin Manufacturing Co. Ltd., in Haryana.

1995 - 12,30,350 No. of equity shares of Rs.10 each at a prem. of Rs.45
per share allotted to the shareholders of the company on Rights
basis in the ratio of 3:5.

1996 - 25,330 forfeited shares were reissued.

2010

-Company has changed its name from Ceekay Daikin Ltd. to Exedy India Ltd.

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