Eveready Industries India

YEAR                                                      EVENTS
 1934 - The Company was Incorporated.  The Company was converted into
 a
               Public Limited Company in 1955.  The Company
 manufacture and sell
              dry batteries and allied products, flashlight cases and
 parts,
              zinc alloys, strips & plates, stellite super alloys,
 cinema arc
              carbons, carbon electrodes & electrolytic manganese
 dioxide and
              cultivation, manufacture and sales of tea.  The battery
 is sold
              under the brand name `Eveready' & tea as `Tej' and
 `Premium
              Gold'.
 
 1959 - 8,00,000 Right shares issued (Prem. Rs 2.50 per share) prop.
 2:5.
 
 1964 - 8,40,000 Right shares issued at a premium of Rs 4 per share
 in
              the proportion 3:10.
 
 1965 - 4,55,000 Bonus shares issued in the proportion 1:8.
 
 1968 - In December, 20,47,500 Right shares issued at par in prop.
 1:2.
             20,47,500 Bonus shares issued in prop. 1:2.
 
 1970 - 40,95,000 Bonus Equity shares issued in the prop. 1:22.
 
 1972 - A letter of intent was received for the manufacture of 5,000
              tonnes of MIC-based pesticides.
 
 1974 - 61,42,500 Bonus Equity shares issued in the prop. 1:2.
 
 1978 - 32,94,500 shares issued at a prem. of Rs 6 per share to
 resident
              Indian shareholders, the Company's employee and
 financial
              institutions.
 
 1980 - 108,61,000 Bonus shares issued in prop. 1:2.
 
 1984 - On the night of December 2-3, an unprecedented accident
 occurred
              in the  Company's pesticides plant at Bhopal which
 resulted in
              the escape of Methyl Isocyanate into the atmosphere. 
 Many people
              became victims of the accident and suffered injured. 
 The Bhopal
              plant remained closed since 3rd December 1984 under
 orders from 
              the Government of Madhya Pradesh.
 
           - The license for the factory under the Factories Act 1948,
 expired
              on 31st December, and it was not renewed.  The Company
 therefore
              closed down this plant effective from 11th July, 1985
 under the
              provisions of Section 25(o) of the Industrial Disputes
 Act, 1947.
 
 1985 - Engineers India Ltd. were appointed as Consultants to provide
 a
              techno-economic feasibility study on relocation at an
              economically enhanced capacity of 90,000 TPA of low
 density
              polyethylene.
 
           - The Company's extensive efforts to sell the undertaking
 to some
              public Units failed.  Hence the Company was compelled to
 apply
              for closure of the Chembur Unit on 16th April, 1987,
 under
              section 25(o) of the Industrial Disputes Act 1947.
 
           - The Company proposed to introduce in September for the
 first time
              a superior heavy duty battery based on advanced zinc
 chloride 
              technology which could be used in audio cassette
 photoflash and
              other high drain devices.
 
            - A letter of intent was received for the manufacture of 4
 lakh
              cubic metres of speciality glasses and gas mixers based
 on
              helium, to be established in a backward area in
 Mahrashtra State.
 
 1988 - Two fresh suits were filed in the courts in the State of
 Texas
              against Union Carbide Corporation, U.S.A. and UCIL. 
 This was
              dismissed in February 1992 on grounds of forum
 non-convenience.
 
 1990 - The Company received permission from Reserve Bank of India to
              engage in export of computer software and services.
 
           - A new computer was installed and a dedicated computer
             communication link was established permitting continuous
 access
              to IBM mainframe located in U.S.A.
 
 1992 - The UCC created an irrevocable truth called `The Bhopal
 Hospital
              Trust' during March.  UCC also pledged and charged its
 entire
              share holding of 165,89,750 No. of Equity shares in UCIL
 in
              favour of the trust.
 
 1993 - A modernised facility for manufacturing R-20 paper jacket
 battery
              was installed in the Hyderabad plant.
 
           - The Company entered into an agreement with SPIC Fine
 Chemicals
              Ltd., a joint venture promoted by Tamil Nadu Petro
 Products Ltd.
             and Henkal KGaA (Germany) to sell their products
 throughout
              India.
 
            - In December first product Henko; a premium detergent
 powder was
              launched.
 
           - The Company has also entered into an agreement with
 Hindustan
              Latex Ltd. for the distribution of condoms under the
 brand name
              `Nirodh', as well as in new brands which will be owned
 by the
              Company.
 
 1994 - The Company commenced the marketing of WONDER brand of
 Alkaline
               batteries.
 
 1995 - A joint venture company in the name of Energiza India Ltd.
 was
             formed in collaboration with Ralston Purina Overseas
 Battery Co.
             Inc. USA for development of alkaline battery in India. 
 These
             battaries are being sold under the brand name Energizer.
 
          - The name of the Company was changed from National Carbon
 Co.
             (India) Ltd., to Union Carbide India Ltd.  The name of
 the
             Company was again changed to Eveready Industries Ltd.
 with effect
             from 24th April, 1995.
 
 1996 - The Company launched TEZ brand of packet tea in the State of
              Rajasthan.
 
           - The Company proposed to set up a state-of-the-art
 plastic
             processing unit for manufacturing components for captive
             consumption, industrial moulded products, as well as
 battery
             operated plastic appliances.
 
           - The Company along with EBC (India) Company Private
 Limited, a
             subsidiary of Ralston Purina Overseas battery Co. Inc.,
 U.S.A.,
             set up a joint venture company viz., Eveready Energizer
             Miniatures Pvt. Ltd., to promote the business of
 miniature 
             batteries.
 
           - Effective 1st April, MeLeod Russel (India) Ltd. (MRIL)
 and Faith
              Investment Ltd., were merged with the Company.  MRIL
 were
             allotted 2 equity shares of the company for every 3
 equity shares
             of the erstwhile MRIL.  Accordingly 19,902,490 shares
 allotted.
             16,295,153 No. of Equity shares of the Company held by
 MRIL were
             cancelled.
 
           - Nepal Battery Company Ltd. and Natex Marketing Ltd. are 
             subsidiaries of the Company.  The Name was changed to
 Natex
              Investment & Marketing Ltd. in 1995.  Eveready
 Energizer
              Miniature Ltd. is also a subsidiary of the Company.
 
 1997 - The Company launched its packet tea brands `Tez' and `Premium
              Gold' in five other states.
 
           - The new state-of-the-art D size battery plant was set up
 at       
              Noida, UP.
 
            - The Company's joint venture with EBC (India) Company
 Ltd., a
               wholly owned subsidiary of Ralston Purina Overseas
 Battery
               Company Inc. USA, for miniature batteries got off to a
 promising
               start with the first bulk shipments of watch batteries
 being
               sold to select dealers in the country.  `Eveready GP'
               Rechargeable batteries for cellular phone were released
 in main
               cities throughout the country.
 
            - On 11 December 1996 Eveready Industries and EBC (India)
 Private
               Ltd. a fully-owned subsidiary of EBC, signed a joint
 venture to
               develop the miniature battery business in India.
 
             - Eveready Industries Limited, a major player in dry
 battery
               which has recently embarked on marketing packaged tea,
 is now
               contemplating entering the food processing sector.
 
             - Eveready Industries India Ltd., has constituted a three
 member
               committee to look into the affairs of the company,
 
            - EIIL and its joint venture partner Ralston Purina
 Overseas will
              set up an Energiser battery manufacturing unit near
 Chennai.
 
 1998 - The company was originally set up as United Carbon India and
               later renamed as Union Carbide India.
 
            - The company has set up a joint venture with Ralston
 Purina
               Overseas Battery Co USA which sells alkaline batteries
 under the
               Energizer brand name.
 
 1999 - Eveready Industries Ltd. the flagship of the B M
              Khaitan-controlled Williamson Magor group, will launch
 its
             premium packet tea brand, Tez, in West Bengal and the
 whole of
             south India shortly.
 
           - Eveready Industries (India) Ltd, the flagship of the B M
              Khaitan-controlled Williamson Magor group, will set up a
 joint
               venture with Gold Peak Industries International
 Hongkong (GPI),
              of the Asian multinational group GP, with assets
 exceeding HK
               billion, to form an assembly line for rechargeable
              batteries, which are mainly used by cellular phone
 consumers.
 
            - Eveready Industries and Exide Industries are looking at
 setting
               up battery manufacturing units in Myanmar via joint
 ventures.
 
            - Eveready Industries (India) Ltd. (EIL) will soon be
 launching a
               new battery charger range which will be an improvement
 over its
               currently launched power bank charger.
 
             - The company has recently launched a brand of
 environment-friendly
                batteries, which are marketed with the punchline `Ray
 of Life'.
 
            - With effect from April 1996, McLeod Russel was merged
 with its
               subsidiary -- Eveready Industries.
 
            - Eveready Industries, the leader in the drycell battery
 industry,
              has a market share of about 43 per cent.
 
            - In the batteries segment, EIL has just launched its
 `Lava'
              brand of dry cell batteries in the Bangladesh market.
 
 2000 - Eveready Industries India Ltd. has acquired yet another tea
              estate in the Dooars.
  
            - Eveready Industries India Ltd. has introduced its
 rechargeable 
               Nickel Cadmium Pencil (AA) batteries in Chennai.
 
            - Evereday Industries Ltd recently made a strategic move
 to have its packet 
               tea brands launched under the banner of its
 newly-created greendale division.
 
            - The Financial institutions have put shackles on the
 blanket resolution of Eveready
               Industries (India) Ltd. to spin off its non-tea
 business into a separate entity as a
               precursor to induct a strategic partner.
 
            - The Board of The Bisnauth Tea Company Ltd. and Eveready
 Industries
               India Ltd. approved a scheme of Amalgamation of
 Bisnauth with Eveready
               with retrospective effect from April 1.
 
            - Eveready Industries has launched Eveready Big Lantern,
 specifically designed to
              suit tough conditions and long hours of use.
 
 2001 - To Celebrate Valentines Day, Eveready Industries Luvlite, a
 unique tourch-cum-key chain.
 
            - The Company has entered into agreements for sale of 4
 tea estates in Darjeeling and 2
               tea estates in the Dooars for a consideration of Rs
 4491.51 lakhs in the aggregate.
 
          -  The Company, a Williamson Magor group company, would sell
 off its alkaline batteries 
              business for sum of .5 million
 
          - Eveready Industries Ltd. has transferred its entire equity
 holding of 49 per cent in the joint
             venture company Energizer India Ltd. to EBC India Company
 Ltd.
 
 2002
 
 -Arun Kumar Bajoria has acquired a property in Delhi belonging to
 Eveready Industries Ltd for Rs 20 crore, through Hooghly Holdings, a
 5,100 square meter realty at 23 Aurangzeb Road,Kolkata
 
 -Stake increased by promoters in Eveready by 6.7%
 
 -Raised nearly Rs 80 crore from the sale of tea gardens, with the
 recent agreement for the sale of Romai Tea estate in Assam to Rossel
 Tea for Rs 13.91 crore
 
 -Sold 3,30,000 equity shares of Rs.10/- each of Kilburn Chemicals Ltd
 by way of inter-se transfer of shares.
 
 2003
 
 -Offloads around 9% of its holding in Standard Batteries Ltd
 
 -Approval to shift the entire facilities at Tiruvottiyur High Road to
 the Guindy site and integrate the same with the facilities existing
 there
 
 2004
 
 - Metals Centre Limited have acquired 3440812 shares representing
 6.16% of the voting rights of the company
 
 -Appoints the celebrated filmstar Mr. Amitabh Bachhan, as Brand
 Ambassador for 'Eveready for Batteries and Flashlights for a period
 of 2 yrs
 
 -Metals Centre Ltd has acquired 34,40,812 (6.16 per cent) equity
 shares of Eveready Industries India Ltd by scheme of amalgamation
 
 2005
 
 -Eveready rolls out NiMH rechargeable batteries
 
 -Eveready Industries enters into MoU with BPL
 
 -Eveready Ind acquires BPL Soft Energy System Ltd
 
 2007
 
 -Eveready Industries India Ltd has signed an agreement with Phoenix
 Lamps Ltd (Phoenix) for sales and distribution in the country of the
 latter's general lighting lamps (GLLs) excluding automotive
 applications.
 
 -Eveready Industries India has appointed Mr. Subir Dasgupta as
 Additional Director of the Company with effect from May 11, 2007,
 subject to the approval of the Members at a General Meeting.
 
 -Eveready Industries India Ltd has has entered into a Memorandum of
 Understanding (MOU) with Housing Development & Infrastructure Ltd,
 (HDIL) for the transfer and / or assignment of its right, title and
 interest under a lease for land at Navi Mumbai, for the residue
 unexpired period of the lease, subject to necessary clearances,
 approvals and such like requirements at a consideration of Rs
 115,00,000.