Ahmednagar Forgings

YEAR                       EVENTS
 1977 - The company was incorporated on 21st March and it reserved
 the
        Certificate for commencement of Business on April 1st.  It
 was
        promoted by a group of technicals consisting of U.V. Patel, 
        M.S. Aruna & J.S. Mody.  The Company's plants are located at
        D-95, MIDC Industrial area Ahmednagar, at Taluka Khed, Dist.
        Pune.
 
      - The company's objects is to manufacture of closed die steel 
        forgings.
 
      - The Company had undertaken an expansion programme for steel 
        forgings in automobiles as well as in general engineering 
        industry, the company had undertaken an expansion programme
 by
        selling up a new plant at Chakan near Pune with an invesment
 of
        Rs.580 lakhs.  
 
 1992 - The Company acquired assets of a sick unit in Ahmednagar from
 
        SICOM to manufacture cold forgings.  The unit remained as
 Asian
        Auto Parts, a division of Ahmednagar Forgings Ltd. 
 
 1993 - The Company undertook to set up its fourth unit at Kuruli Mar
        Chankan in modern press forgings line.
 
 1994 - 6,08,000 No. of equity shares allotted 15,20,000 shares were 
        issued to the promoters in prop. 5:2.  9,12,000 No. of equity
        shares were issued at a prem of Rs.13 per share through a 
        prospectus during January 1992 of which 45,600 shares issued
 to
        employees (all were taken up).  Balance 8,66,400 shares
 issued
        to the public.
 
 1996 - 9,60,000 No. of equity shares at a prem. of Rs.165 per share
 to
        Financial Institution on private placement basis in March
 1995. 
        Another 40,00,000 shares issued as bonus shares on 26.5.1995
 in
        prop. 1:1.
 
 1997 - Two presses were commissioned and the third one was to be 
        commissioned soon.
 
 
 2004
 
 -Ahmednagar Forgings Ltd has informed that the equity shares of the
 company have been delisted from Pune Stock Exchange Limited wef
 January 16, 2004.