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Autolite (India) > Company History > Auto Ancillaries > Company History of Autolite (India) - BSE: 500029, NSE: AUTOLITIND
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Autolite (India)
BSE: 500029|NSE: AUTOLITIND|ISIN: INE448A01013|SECTOR: Auto Ancillaries
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Company History - Autolite (India)
YEAR                       EVENTS
 1977 - The company was incorporated as a private limited company on
 30th
        June and it became a public limited company on 30th March
 1982.
        The main promoters of the company were Dharam Pal Gupta,
 Mahipal
        Gupta and Rajpal Gupta.  The main objects of the company is
 to
        manufacture lighting equipment.  The product range includes
 auto
        head lights, tail lamps, Indication lights, parking lamps,
 fog
        lamps, sealed beams, flasher units, grass shells, auto bulbs,
        switches, horns, wiring harness, cut off etc. for all types
 of
        vehicles.  The Company for the first time in India developed
 and
        introduced high power lamps and halogen head lamps.  The head
        lamps manufactured by the Company are sold under the brand
 name
        of `Autopal'.
 
 1983 - All shares were subscribed for by the promoters, directors,
 etc.
        (34,110 No. of equity shares without payment in cash as
        consideration for acquiring the running business of the
        partnership firm M/s. Autolite of India).
 
 1984 - Equity shares sub-divided.  1,10,000 No. of equity shares of
 Rs
        10 each taken up by promoters, directors, etc.
 
 1985 - 1,10,000 shares issued to promoters, directors, etc. fully
 called
        up.  6,35,000 No. of equity shares issued at par of which
 95,000
        shares were reserved for firm allotment to promoters,
 directors,
        etc.  Out of the remaining 5,40,000 shares, 37,800 shares
 were
        reserved and allotted on a preferential basis to employees,
        working directors, etc.  The balance of 5,02,200 shares
 offered
        for public subscription during Nov. 1985.
  
 1988 - With a view to boost exports, the Company proposed to
 establish a
        trading branch, in the USA (which was to be a wholly owned
        subsidiary).
 
 1989 - The installed capacity was increased from 3.6 lakhs head
 lamps
        per annum to 9.6 lakhs per annum.
 
 1990 - The company commenced implementation of a major expansion
 project
        for expanding the headlamp manufacturing capacity from 6 lakh
        pieces per annum to 15.6 lakhs pieces per annum.
 
      - The Company proposed to offer 4,50,000 No. of equity shares
 of
        Rs. 10 each at a premium of Rs 30 per share or such other
 premium
        as may be fixed by the CCI on Rights basis in the proportion
 1:2.
 
      - Another 22,500 share at a premium of Rs 30 or such other
 premium
        as may be fixed by the CCI, were also to be issued to the
        employees under the Employees' Stock Option Scheme.
 
 1994 - During May 1993, the Company issued 9,00,000 Rights Shares
 (Prop.
        1:1, Prem Rs 60).  Another 33,600 shares issued to employees
 at
        prem. of Rs 60. (Only 30,100 shares taken up.  11,400 shares
        allotted to IDBI on conversion of loans.
 
 1996 - The Company embarked upon a programme to expand the installed
              capacity from 5 lakhs to 12 lakhs pieces of head lamps
 per annum
              at its existing unit at Vishwakarma Industrial Area,
 Jaipur.
 
           - During Oct. - Nov. 1994, The Company issued 9,20,750
 Rights
             shares (Prop. 1:2; Prem. Rs 70).  Another 22,60,000
 shares issued
             through a prospectus at a prem. of Rs 80 per share of
 which
             16,40,000 shares reserved and allotted to promoters,
 Friends,
             etc.  Another 55,000 shares to employees and Directors. 
 5,65,000
             shares to public.  Additional 32,046 shares allotted.
 
 2002-Autolite India Ltd has informed that Mr J P Rawat has resigned
 from the office of Company Secretary and Mr Vishal Agarwal has taken
 over his charge with effect from December 09, 2002.
 
 2007
 
 -Company informed that the E-mail address for redressing investor
 grievance has been changed, from investorservices@autolinegroup.org
 to investorservices@autolineind.com
Source : Dion Global Solutions Limited
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