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सेल्जर कंट्रोल्स > कंपनी इतिहास > Electric Equipment > कंपनी इतिहास का सेल्जर कंट्रोल्स - बीएसई: 517314, NSE: N.A

सेल्जर कंट्रोल्स

बीएसई: 517314  |  NSE: N.A  |  ISIN:  |  Electric Equipment

कंपनी इतिहास - सेल्जर कंट्रोल्स
Salzer Controls Ltd., a company promoted by Mr.R.Doraiswamy the key
 promoter of Salzer Electronics Ltd., was set up to manufacture
 proximity switches, illuminated push button switches, PVC cable
 channels, electronic timers & connectors for PCBs.
 
 The projected cost was Rs.3.43 crores which was entirely financed by
 equity capital in which the promoters contribution ws Rs.1.37 crore. 
 The company made a public issue on 9.12.92 if 20,58,000 equity shares
 of Rs.10 each aggregating Rs.205.8 lakhs which was over subscribed by
 approximately 3 times.  It was also eligible to receive a capital
 subsidy of Rs.35 lakhs & a special subsidy of Rs.5 lakhs.
 
 It planned to make use of Salzer Electronic's marketing network to
 market its products.  A dealership agreement was entered into with
 EGS AG of Switzerland for marketing the products in Europe.
 
 Due to political disturbances & other communal problems, there was
 inordinate delay in getting all the machinery & raw materials & the
 company could not commence commercial production as at 31.3.93.
 During the same period the Directors decided to invest Ra.24.5 lakhs
 approximately in the equity capital of Salzer Textiles Ltd., a 100%
 EOU.
 
 2000 - Draft Scheme of Merger of Salzer Controls Ltd. with Salzer on
 September 8.
स्रोत: रेलीगरे टेचनोवा

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