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इंडिया फोर्ज एंड ड्रॉप स्टम्पिंग्स > कंपनी इतिहास > Castings & Forgings > कंपनी इतिहास का इंडिया फोर्ज एंड ड्रॉप स्टम्पिंग्स - बीएसई: 504736, NSE: N.A

इंडिया फोर्ज एंड ड्रॉप स्टम्पिंग्स

बीएसई: 504736  |  NSE: N.A  |  ISIN:  |  Castings & Forgings

कंपनी इतिहास - इंडिया फोर्ज एंड ड्रॉप स्टम्पिंग्स
YEAR                       EVENTS
 1960 - The company was incorporated on 27th June, at Chennai.  The
        Company was promoted by late Mr. K C Sood, a Metallurgical
        Engineer who had wide experience in the field of Steel
 Forgings. 
        The main objectives of the company is to manufacture steel
 and
        non-ferrous forgings.
 
 1968 - In September, 2,00,000 No. of equity shares offered at par
 for
        public subscription.  2,425 No. of equity shares forfeited.
 
 1975 - Divided on Pref. shares raised and the redemption date
 extended.
        120 Pref. shares redeemed.
 
 1978 - Redeemed 4,480 Pref. shares on 15.11.1977 and 5,000 Pref.
 shares 
        on 15.11.1978.
 
 1981 - 2,98,400 Rights equity shares issued at par in the prop. 1:2.
 
 1984 - During the year, a settlement was reached before the Supreme
        Court with the workmen of Ambattur unit that had remained
 closed
        since January.
 
      - The company also undertook to set up facilities at Marai
 Malai
        Nagar Industrial Complex in Tamil Nadu for the manufacture of
        heavier range of forgings with an installed capacity of 1,500
        tonnes per annum.
 
      - A majority of workmen settled their accounts through a
 Memorandum
        of Settlement with the Management.  However the Tribunal held
 
        that the Ambattur unit should be deemed lock-out in view of
 the
        other units of the company located elsewhere continuing with
        production.  However, the company made an appeal to the
 Tribunal
        where the matter was still pending.
 
 1991 - An EOU was set up at Pune.
 
      - 3,00,000 Right shares issued (prem. Rs. 5 per share; prop.
 1:3).
        Additional 43,160 shares allotted to retain oversubscription.
        Another 15,000 (Pref. Rs. 5 per share) allotted to employees.
 
 1992 - During December to February 1993 the company issued 4,17,786 
        Rights equity shares of Rs. 10 each (prem. Rs. 10; prop. 1:3)
        (all were taken up).  Another 20,899 shares (prem. Rs. 10) 
        offered to employees (Only 20,800 shares taken-up).
 
 1993 - The company proposed to set up machining facilities for
 machining
        automotive and non automotive components with an overall
 capacity
        of 2000 TPA.
 
 1994 - 422,987 shares allotted to shareholders at par in proportion
 1:4.  
        Another 40,400 shares issued to employees (all were taken
 up).
        3,44,667 shares allotted at a premium of Rs. 2 per share to 
        promoter & then associates on preference allotment basis.
 
 1996 - Settlement having been reached with the workers of Ambattur 
        units, the company was exploring the possibilities of
 disposing
        unusable assets at Ambattur.
 
      - 12,50,000 Rights equity shares issued in prop. 1:2.
स्रोत: रेलीगरे टेचनोवा

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