Indo-National Ltd.

YEAR                       EVENTS
 1972 - The company was incorporated on 15th July, 1972.  The object
 of
        company is to manufacture all types of cells & batteries
        including manganese dioxide dry cells & batteries & their
        components.  Battery cells are sold under the brand name
 NIPPO.
        The Company was promoted by P. Obul Reddy, S.R. Jiwarajka and
        Matsushita Electric Industrial Co., Ltd., Japan, (MEI).
 
      - The Company entered into a technical and financial
 collaboration
        agreement with Matsushita Electric Industrial Co., Ltd.,
 Japan,
        who agreed to supply equipment and plant, provide technical
        know-how for the operation of the plant and to subscribe to
 the
        equity capital of the Company.
 
      - 1,66,667 shares allotted to directors, etc.  2,50,000 shares
        reserved for Matsushita Electric Industrial Co.; 2,25,000
 shares
        against foreign exchange and 25,000 shares against technical
        know-how, 2,08,333 No. of equity shares offered at par to the
        public in December.
 
 1980 - 3,12,500 No. of Equity shares issued at par as rights in the
        proportion 1:2.
 
 1981 - Licence was received to increase the licensed capacity of the
        plant at Nellore to 120 million pieces per annum from 60
 million
        pieces.
 
 1985 - Machinery for new automatic production line was installed at
 the
        Tada factory for the manufacture of UM-3 (penlite) size
        batteries.
 
 1986 - Letters of intent were received for various products
 including
        expansion of capacity for dry cell batteries.
 
 1988 - The R&D department developed special batteries for Indian
        Defence.
 
 1989 - The Nippo brand torch light was launched.
 
 1991 - The Company proposed to undertake manufacture of a new
 variety
        UM-3 metalclad batteries at Tada factory with an annual
 capacity
        of 60 million pieces.
 
 1994 - A new model flash light `Sleek' in the mini model category
 was
        marketed at the end of the year.
 
      - 9,37,500 bonus equity shares issued in prop. 1:1.
 
 1995 - The company had launched two new products for catering to the
        premium segment in UM-3 and UM-1 sizes.  The UM-3 PG with a
 much
        longer life was launched for the growing photo Audio market
 and
        the UM-15 with better performance was launched for heavy duty
        appliances like Toys etc.
 
 1996 - The Company introduced new torch light in the mighty model
        segment using 4 cells of size R-20.
 
 1997 - The Company had launched another model BF-103, using 3 cell
 UM-1
        type batteries which met with good market response.
 
      - The Company was planning to increase production capacity of
 UM-IP
        variety by 120 million pieces in order to cater to the
 increase
        market demand.
 
      - A letter of intent was received to manufacture 120 million
        batteries at Alwar, Rajasthan.  The Company also obtained
        permission of Government to manufacture 20,000 sets of tape
        recorders-cum-transistors.
 
      - The Company proposed to issue bonus shares to the existing
        shareholders in the ratio of 1:1.
 
 1998 - Indo National Ltd. (INL), engaged in the production of dry
        batteries and torch lights, has embarked on an expansion of
        production capacity of UM-1P variety of dry cell batteries by
        120 million pieces per annum at its Nellore factory.
 
      - INL, the flagship company of the Obul Reddy group, is the
        second largest player in the dry cell battery segment.  It
 has
        a technical collaboration with Matsushita Electric Industrial
        Co. Japan.  The company has been as steady performer and has
        built up a strong brand equity with its Nippo brand.
 
      - The company is especially strong in the UM3 segment of the
 dry
        cell battery.
 
      - 18.75,000 Bonus equity shares issued in prop. 1:1.
 
 1999 - Indo National (INL), the maker of Nippo brand of dry cell
        batteries, is the second largest player in the industry; it
 has
        a marketshare of about 27%.
 
      - INDO National Ltd is exploring the possibility of introducing
 one
        more variety of dry cell (UM-1), with a false bottom, to
        strengthen the existing product range of the company.
 
      - INDO National Ltd plans to invest Rs. 15 crores for setting
 up
        an additional production line to manufacture pencil size
 (UM-3)
        batteries at its plant in Tada, Andhra Pradesh.
 
      - The company had a total installed capacity of 250 million
        pieces per annum of the UM-3 variety.
 
 2000 - The Company has entered into a tripartite agreement with CDSL
 &
        NSDL on 30th March through Cameo Corporate Services Ltd.
 
      - Indus-League flagship Indo Nation has launched Khaki Club, a
        collection of washed shirts, trousers, T-shirts, bermudas,
        cargoes, combats etc.
 
 2002
 
 -Appoints Mr Justice S Natarajan and Dr Dave Surendra as the
 Directors on the Board of the company.
 
 -Appoints Mr Tomio Kawabe as the Director of the company in place of
 Mr M Sato.
 
 2003
 
 -Nippo Batteries signs up cricketer Yuvraj Singh as its brand
 ambassador.
 
 2005
 
 -Indo National Ltd. has informed that the Company's name has been
 changed from Indo National Limited to Nippo Batteries Co. Ltd. with
 effect from July 15, 2005
 
 -Company has changed its name from Indo National Ltd. to Nippo
 Batteries Company Ltd                                               
 
                                                         
 2007
 
 -Nippo Batteries Co. Limited has appointed Mr. J. Srinivasan
 appointed as Company Secretary cum Compliance Officer of the Company
 with effect from April 16, 2007.
 
 -Nippo Batteries Company Ltd has appointed  Mr. Masaaki Watanabe as
 Additional Director of the Company in place of Mr. M Shiga with
 effect from July 18, 2007.
 
 2009
 
 - Nippo Batteries Company Ltd has appointed Mr. P Dwarakanath Reddy
 as Additional Director of the Company with effect from July 23, 2009
 and with effect from October 01, 2009 as Managing Director of the
 Company subject to approval of the ensuing Annual General Meeting of
 the Company.2. Mr. R P Khaitan has been appointed as Additional
 Director of the Company with effect from July 23, 2009 and with
 effect from October 01, 2009 as Joint Managing Director of the
 Company subject to approval of the ensuing Annual General Meeting of
 the Company.
 
 - Nippo Batteries Company Ltd has appointed Mr. P. Dwarakanath Reddy,
 Managing Director of the Company as a Chief Executive Officer (CEO) of
 the Company.
 
 
 2011
 
 - The Board of Directors of the Company, has recommended a dividend
 of Rs. 20% per share (200%) for the year ended.
 
 
 2012
 
 - The Board of Directors of the Company, has recommended a dividend
 of Rs. 10/- per share (100%) for the year ended.
 
 2013
 -Nippo Batteries Company Ltd. is changed to Indo-National Ltd.
 -Indo National has recommended a dividend of Rs. 10/- per share
 (100%).
 
 2014
 -Indo National - Launching Nippo Home UPS & Tubular Battery on pilot
 study basis in the States of Tamil Nadu, Andhra Pradesh.
 
 
 2020
 -Indo-National announces launch of DORCO Razors and Blades.
 
 2021
 -The Company has splits its face value from Rs. 10/- to Rs. 5/-.