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रिंज तालब्रदर्स > कंपनी इतिहास > Auto Ancillaries > कंपनी इतिहास का रिंज तालब्रदर्स - बीएसई: 520067, NSE: N.A

रिंज तालब्रदर्स

बीएसई: 520067  |  NSE: N.A  |  ISIN:  |  Auto Ancillaries

कंपनी इतिहास - रिंज तालब्रदर्स
YEAR                       EVENTS
 1967 - The company was incorporated as a private limited company on
 17th
        January and became public limited company on 2nd August, 1988.
  
        It was set up as a joint venture with Reinz-Dichturings GmbH
        (FRS) which holds 25% in the equity capital of the Company. 
 It
        manufactures compressed asbestos fibre jointings beater
 addition
        jointing sheets and locking system for automotive
 application.
 
 1970 - Production of soft jointings or soft gasket materials of
        compressed Asbestos Fibre began at its Mohan Nagar factory in
        U.P.
 
      - The Company's R&D wing developed a wide range of jointings to 
       
        cater to diverse industries such as automotive, chemicals,
        petrochemicals, Railways etc.
 
 1982 - For the first time, the Company manufactured jointings by the
        Beater Addition process.
 
 1985 - The first cellulose based gasket material was manufactured.
 
 1987 - The Company undertook to set up a project for the manufacture
 of
        latches and remote-mechanism as a part of its automotive
 locking
        systems and devices on its product range.  The project is set
 up
        at Surajpur, dist. Ghaziabad in U.P.
 
      - The company signed an agreement with Watson Grange of UK for
 the
        manufacture of glue/Glycerine impregnated cellulose based
        gasket materials.
 
      - The Company also proposed to manufacture a wide range of
        industrial gaskets comprising metallic ring joints, spiral
 wound
        and soft gaskets, in collaboration with Reinz-Dichtungs-GmbH.
 
      - 1,40,000 shares taken up by promoters, etc. 10,000 shares
        allotted to Reinz-Dichtungs-GmbH, West Germany without payment
 in
        cash.  Till date 3,00,000 bonus shares allotted (50,000 shares
 in
        prop. 1:3 on 6.10.1975; 1,00,000 shares in prop. 1:2 on
        27.1.1961; 1,50,000 shares in prop. 1:2 on 28.6.1984).
 
 1988 - 4,50,000 bonus equity shares issued in prop. 1:1 on
 15.4.1988.
        6,00,000 No. of equity shares then issued (prem. Rs 10 per 
        share) of which the following shares were reserved for
 allotment
        on a preferential basis:
 
      - (i) 30,000 shares to employees/workers of the Company (only
 8,600
        shares taken up) and
 
      - (ii) 2,40,000 shares in NRIs on repatriation basis (only
 2,12,600
        shares taken up).
 
      - The Balance 3,30,000 shares along with 48,800 shares not taken
 up
        out of preferential quota were offered for public
 subscription
        during September/October 1988 (all were taken up).
 
 1990 - Ring joints and other metallic gaskets were introduced in the
        second phase.
 
 1991 - During January-February, the Company issued 191250-14%
 secured
        redeemable convertible debentures of Rs 120 each on Rights
 basis
        in proportion 15 debs: 100 No. of equity shareholders (all
 were
        taken up).
 
      - Another 9563-14% debentures were offered to the employees as
 an
        equitable basis (only 100 shares taken up).
 
      - Rs 60 of the face value of each debenture was converted into
 2
        equity shares of Rs 10 each at a premium of Rs 20 per share 6
        months from the date of allotment of debentures.  Accordingly
        3,82,700 shares were allotted Rs 60 of the face value of each
        debentures were to be redeemed at par on the expiry of 7
 years
        from the date of allotment of debentures.
 
      - Another 67,535 shares of Rs 100 each at a premium of Rs 20
 per
        share were allotted to Reinz-Dichtungs GmbH, Germany to
 enable
        them to maintain their equity holding at 15% of the
 subscribed
        paid up capital.
 
 1992 - During August-September, the Company 4,46,303-15% secured
        redeemable partly convertible debentures of Rs 180 each on
 Rights
        basis in proportion 35 debs: 139 equity shares held.  (All
 were
        taken up).  Addition 33,182 debentures allotted to retain
        oversubscription.
 
      - Another 22,315 debentures were offered to the employees' on
 an
        equitable basis only 600 debentures were taken up and 21,700
        debentures of employees quota issued in Mutual Funds.
 
      - Part A of Rs 45 of each debenture was converted into 1 equity
        share of Rs 10 at a premium of Rs 35 per share at the end of
 6
        months from the date of allotment.  Accordingly 5,01,785
 shares
        allotted.
 
      - Part B of Rs 45 of each debenture was converted into 1 equity
        share of Rs 10 each at a premium of Rs 35 per share at the end
 of
        12 months from the date of allotment of debenture. 
 Accordingly
        5,01,785 shares allotted.
 
      - Part C of the Rs 90 was to be redeemed in 3 equal instalments
 of
        Rs 30 each at the end of 6th, 7th & 8th year respectively
 from
        the date of allotment of debentures.
 
      - Super Circle Gaskets, Ltd., ceased to be a subsidiary of the
        Company and 1,65,400 No. of equity shares were issued a
 premium
        of Rs 35 per share to Reinz-Dichtungs-GmbH of Germany pursuant
 to
        the collaboration agreement between the company and
        Reinz-Dichtungs.
 
 1993 - At the industrial gaskets division, the facilities for spiral
        wound gaskets were installed in addition to the soft gaskets.
 
      - The Company signed a collaboration agreement with Kiekert GmbH
 &
        Co. AG of Germany for the manufacture of automotive latches,
        strikers and remote mechanisms.
 
      - Effective January, the name of the Company was changed to
 Reinz
        Gaskets Ltd.
 
      - The Company entered into a joint venture agreement with
 Ishikawa
        Gasket Co. Ltd. Japan for the manufacture of automotive
 gaskets
        at Noida.
 
 1995 - The Company entered into a financial and technical
 collaboration
        with Frenzelit Werke GmbH & Co. KG of Germany under which,
 the
        company proposed to manufacture ceramic fibre yarn for export
        under buy back arrangement with the collaborator.  Necessary
        approvals were awaited.
 
      - Another collaboration agreement was signed with
 Reinz-Dichtungs
        GmbH for their latest development non-asbestos jointings.
 
      - 11,700 shares of Rs 10 each at a premium of Rs 35 per share 
        consequent to the conversion of Part-A & B of 15% PCDs which
 were 
        converted on 1st May 1993 and 1st Nov. 1993.
 
 
 
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `176 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `326 Cr की बिकवाली की
  • MARKET CUES : FIIs ने F&O में `2532 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `927 Cr की बिकवाली
  • MARKET CUES : इंडेक्स ऑप्शंस में `23 Cr की खरीदारी
  • MARKET CUES : स्टॉक फ्यूचर्स में `1739 Cr की बिकवाली
  • MARKET CUES : स्टॉक ऑप्शन में `110.93 Cr की खरीदारी
  • Kotak Instl Eq On L&T : BUY रेटिंग बरकरार, लक्ष्य घटाकर `1550/Sh
  • IDFC Sec On L&T : OUTPERFORM रेटिंग बरकरार, लक्ष्य `1775/Sh
  • IDFC Sec On Axis Bank : OUTPERFORM रेटिंग, लक्ष्य घटाकर `830/Sh

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