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एडोर वेल्डिंग > कंपनी इतिहास > Electrodes & Graphite > कंपनी इतिहास का एडोर वेल्डिंग - बीएसई: 517041, NSE: ADORWELD

एडोर वेल्डिंग

बीएसई: 517041  |  NSE: ADORWELD  |  ISIN: INE045A01017  |  Electrodes & Graphite

कंपनी इतिहास - एडोर वेल्डिंग
YEAR                       EVENTS
 1951 - The company was incorporated on 22nd October 1951 at Mumbai as
 a
        private limited company & was converted into a public limited
        company on 19th March, 1975.  It was promoted by J.B. Advani
 &
        Co. Pvt. Ltd.  The objects & activities of the company
 include
        the manufacture of a wide range of welding electrodes & their
        accessories, industrial electronics equipment & power &
 process
        control equipment such as thermometry instruments, heat
        treatment control instruments, DC machines & power control
        equipment, micro processor instruments, plain copiers,
 collators,
        xerography consumables etc.
 
 1979 - The equity shares were issued as bonus shares: 20,000 shares
 on
        29.3.1966; 20,000 shares on 14th May 1970; 15,000 shares on
 30th
        July 1974 and 60,000 shares on 25th March.  Out of the total
        shares issued so far, 1,50,600 shares were held by J.B. Advani
 &
        Co. Pvt. Ltd. (Holding Company).
 
 1985 - The Company revalued its freehold land at Chennai, Chinchwad
 and
        Kalina (Mumbai) and leasehold right in respect of leasehold
 land
        at Ahmednagar, Raipur and buildings at Chennai, Bhandup,
 Kalina
        (Mumbai), Chinchwad, Ahmednagar and Raipur as on 30th
 September.
 
      - As per the terms of issue, the Company redeemed the balance
 15%
        Non-convertible debentures of Rs 100 each, amounting to Rs
 278
        lakhs at a redemption premium of 5% of the face value of
        debentures.
 
      - The Company issued 28,00,000 No. of equity shares of Rs 10
 each
        at a premium of Rs 2 per share linked to 5,60,000 - 15%
 secured
        redeemable non-convertible debentures of Rs 100 each.
 
      - Out of the total issue, 1,40,000 No. of equity shares linked
 to
        28,000 debentures were reserved and allotted on a firm basis
 to
        Unit Trust of India.
 
      - 11,76,000 No. of equity shares and 2,35,200 debentures were
        reserved and allotted on a preferential basis as follows:
        (i) 1,07,400 No. of equity shares and 21,480 debentures to
 the
        employees/workers;
 
      - (ii) 88,600 No. of equity shares and 17,720 debentures to
        business associates and 
 
      - (iii) 9,80,000 No. of equity shares and 1,96,000 debentures
 to
        non-resident Indian/persons of Indian origin residing abroad
 on
        repatriable basis.  
 
      - The balance of 14,84,000 No. of equity shares linked to
        2,96,800 debentures were offered for public subscription
 during
        June 1986.
 
 1986 - The Company entered into collaboration agreement with welding
        industries Oerlikon Buhrle Ltd., Switzerland for technology
        upgradation of welding consumables.
 
      - The Company signed a Memorandum of Understanding with two
 well
        known U.K. based companies - Ocean Technical Systems Ltd. and
        Vosper Thorny Croft (U.K.), Ltd. for development of
 industrial
        process control equipment and systems.
 
      - After the public issue of shares and debentures during June,
        J.B. Advani & Co. Pvt. Ltd. ceased to be the holding company
 of
        Advani-Oerlikon, Ltd.
 
 1989 - The high technology welding consumables were being introduced
 in
        the market.
 
 1992 - The company embarked upon a modernisation programme for its
        manufacturing facilities at various locations.
 
 1993 - The Company has signed an agreement with Timah Langat Berhad,
        Kualalumpur, Malaysia, to set up a joint venture project for
        manufacturing welding electrodes and consumables in Malaysia.
 
      - The Company proposed to disinvest its shareholding of
 5,00,000
        ordinary shares of Malaysian Ringit 1 each in the joint
 venture
        company `Slectrode Products Sdu Bud'.  This was mutually
 agreed
        by the Malaysian Promoter and the company received lock the
        nominal value of the shares which were issued for the
 investment
        made by supply of plant and machinery and technology.
 
      - During December 1993 - January 1994, the Company issued
 36,00,000
        Rights equity shares of Rs 10 each for cash at a premium of Rs
 15
        per share in proportion 1:2.
 
      - The Company issued 8 years 17.5% Secured Redeemable
        Non-Convertible debenture amounting to Rs 400 lakhs to UTI on
        Private placement basis.
 
 1994 - The Company's subsidiary `Advanced Welding Alloys Ltd.',
 located
        at Halol was merged with the Company and was operating as a
        `Division of Advani-Oerlikon Ltd.'  As per the scheme 52,200
        fully paid equity shares of Rs 10 each were issued and
 allotted
        to the other shareholders of the Amalgamated Company.
 
 1995 - In order to have equity stake in the new company, 100 No. of
        equity shares of Rs 10 each of Ador Powertron Industries Ltd.
        were offered at par on firm allotment basis to AOL
 shareholders.
 
 1996 - 52,76,100 bonus shares issued in prop. 1:2.
 
 1997 - The company in technical collaboration with Machinenfabrick
 GmbH,
        West Germany for the manufacture of welding rotators, colums
        booms, seamers, etc., With Kroger Schweisstechnik, West
 Germany
        for the manufacture of automatic and semi-automatic submerged
        arc welders and gas shielded welders as also modern static
        welding sources including rectifiers and specialised welding
        transformers and with Dipl. Ing. W. Rick & Co., West Germany
 for
        the manufacture of high voltage rectifiers.
 
 2004
 -Mr. V.G. Kutty, Executive Director, takes over as Managing Director
 from Mr A.T. Mirchandani
 
 2005
 
 -Delist equity shares  from the Madras Stock Exchange Ltd, (MSE)
 Chennai with effect from December 22, 2004 and The Stock Exchange,
 Ahmedabad (ASE) with effect from January 28, 2005.
 
 -Delist  equity shares from the Madras Stock Exchange Ltd, (MSE)
 Chennai with effect from December 22, 2004 and The Stock Exchange,
 Ahmedabad (ASE) with effect from January 28, 2005.
 
 2006.
 
 -Mr R A Mirchandani appointed as an Additional Director on July 28,
 2006.
 
 2007
 
 - Ador Welding Ltd. recommended a Dividend for the year 2006-07 at Rs
 12/- per share (i.e. 120% of the face value of Rs 10/- each).
 
 -  Mr. A T Malkani & Mr. D A Lalvani have been appointed as
 Additional Directors w.e.f. July 27, 2007.
 
 2008
 
 -Ador Welding Board recommended a Dividend for the year 2007-08 at Rs
 8/- per share (i.e. 80% of the face value of Rs 10/- each)
 
 - Project e-Genx implemented - Complete ERP Solution for company 
 2008 
 
 -Pune plant achieves- 'U' , ' R' and 'NB' certification and stamps
 from 'ASME' and 'National Board of Boilers and Inspectors' of USA -
 2008 
 
 - Ador Group completes 100 years  2008 
 
 
 2009
 
 -Ador Welding Board  recommended a Dividend for the year 2008-09 at
 Rs 4/- per share (i.e. 40% of the face value of Rs 10/- each).
 
 - Company has appointed Mr. Digvijay Singh as an Additional Director
 ( Independent ) with effect from February 01, 2009.
 
 - ADOR Welding Academy moved to Pimpri, Pune  2009 
 
 
 2010
 
 - Ador Welding Board  recommended a Dividend for the year 2009-10 at
 Rs. 6/- per share (i.e. 60% of the face value of Rs. 10/- each).
 
 -Mr.Vippen Sareen, has been appointed as an Additional Director
 (Independent) on the Board of Directors of the Company at meeting of
 the Board of Directors held on October 23, 2010.
 
 -AWL & AMET (Advanced Manufacturing Engineering Technologies ) formed
 cooperative alliance to better serve the Market Segments in India and
 Middle East. -2010 
 
 
 2011
 
 -Ador Welding Board recommended a Dividend for the year 2010-11 at
 Rs. 6/- per share (i.e. 60% of the face value of Rs. 10/- each).
 
 - AWL  All Welding Consumables plant received the Consolidated ISO
 14001:2004 certification for all consumables plants -2011 
 
 
 2012
 
 -Ador Welding Board recommended a Dividend for the financial year
 2011-12 at Rs. 6/- per share (i.e. 60% of the face value of Rs. 10/-
 each).
 
 2013
 -Efficient Wind Tower Manufacturing.
 -Improving Productivity with Tungsten Inert Gas (TIG) welding.
 -Safety at  the Work  Place.
  
 2014
 -Ador Welding Ltd has recommended a Dividend at Rs. 5/- per share
 (i.e. 50% of the face value of Rs. 10/- each).
 
 
 
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • BREAKING NEWS LOWER : कंपनी Q4 में मुनाफे से घाटे में आई (YoY)
  • BREAKING NEWS LOWER : `1361 Cr का घाटा (`625 Cr घाटे का अनुमान था)
  • BREAKING NEWS LOWER : `1080 Cr का एकमुश्त घाटा

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