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Lakshmi Electrical Control Systems
BSE: 504258|NSE: LAKSELECON|ISIN: INE284C01018|SECTOR: Electric Equipment
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Oct 30, 17:00
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Lakshmi Electrical Control Systems is not traded in the last 30 days
Company History - Lakshmi Electrical Control Systems
YEAR                       EVENTS
 1981 - The Company was incorporated on 3rd December.  It has been
        promoted by Dr G K Devarajulu and D Jayavarthanavelu along
 with
        Lakshmi Machine Works Ltd.  It manufactures and deals in
        electrical control systems, contractors, thermal overload
 relays,
        etc.
 
      - The company entered into a technical collaboration agreement
 with
        Sprecher & Schuh AG Aarau, Switzerland, for the supply of
        technical information for the manufacture and assembly of
        electrical contractors.  The agreement also provides for sub
        licencing of the technical know-how to another Indian party
 on
        terms to be mutually agreed upon subject to the approval of
 the
        Government of India.
 
 1984 - 350 No. of equity shares subscribed for by the signatories to
 the
        Memorandum and Articles of Association.  20,000 - 13 1/2%
 Pref.
        shares and 4,79,650 No. of equity shares were reserved and
        allotted to promoters, etc.  7,20,000 No. of equity shares
 were
        offered at par for public subscription during January 1984.
 
 1992 - 12,00,000 Rights shares issued in Apr.-May, 1992 (prop. 1:1;
        Prem. Rs 40).  Another 60,000 shares issued at a prem. of Rs
 40
        per share (only 58,000 shares taken up).
     
 1996 - The Company entered into an alliance with Allen Bradley India
        Ltd., part of Rockwell automation for the supply of
 contactors,
        overload relays and control relays.
 
 2002
 
 -Nethra Kumar appointed as Wholetime Director of Lakshmi Electrical
 Control.
 
 2003
 
 -The Company has acquired a textile spinning unit of 19,584 spindles
 through its newly formed subsidiary.
 
 2005
 
 -The Company has recommended a Dividend of Rs 4.50 per Equity Share
 of Rs 10/-.
 
 2006
 
 -The Company recommende dividend at the rate of Rs 5.00 (50%) per
 share on Equity Shares of Rs 10/- each
 
 2007
 
 -The Company has recommended a Dividend of Rs 5/- per Equity Shares
 of Rs 10/- each.
 
 2008
 
 -The Company recommended a dividend of Rs 6/- per equity share of Rs
 10/- each.    
 
 2009
 
 -The Company recommended a Dividend of Rs 2.50/- per Equity Share of
 Rs 10/- each.
 
 2010
 
 -The Company recommended a dividend of Rs. 3/- per equity share of
 Rs. 10/- each.
 
 2011
 
 -The Company recommended a dividend of Rs. 4.50/- per equity share of
 Rs. 10/- each.
 
 2012
 
 -Smt. Nethra J S Kumar has been appointed as Chairperson and Managing
 Director.
 
 -The Company recommended a dividend of Rs. 5/- per equity share of
 Rs. 10/- each. 
Source : Dion Global Solutions Limited
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