YEAR                       EVENTS
 1965 - The Company was incorporated on 31st December, at Nasik. It
        was promoted by Anjani Kumar Company Pvt. Ltd.  The main
        objective of the company is to Manufacture forged hand tools
 such
        as various types of screw drivers, punches and chisels, nail
        pullers, adjustable wrenches, liers and sockets.
 
 1966 - 3,000 No. of equity shares issued to collaborators without
        payment in cash.  20,000 No. of equity shares issued to
        directors, etc.  22,000 No. of equity shares and 15,000 Pref.
        share redeemable at the Company's option during 15th January
        1980/83 at 3 months' notice.
 
 1976 - A collaboration agreement with Autie bologet Bahco, Sweden,
        secured by the promoters Anjani Kumar Co. Pvt. Ltd. was
        transfered to the company.  The collaboration agreement came
 to
        an end on 31st March.
 
 1982 - The Company diversified its activities to manufacture of
 forgings
        for the automotive industry.
 
 1983 - Rate of dividend on Pref. shares raised 13.5% and redemption
 date
        extended 15th January 1986.
 
 1985 - The Company fully implemented the measures suggested under
        rehabilitation and modernisation scheme.
 
 1986 - The Company was declared a sick unit.  A rehabilitation and
        modernisation programme was chalked out which envisged a new
        investment reduction in the share capital of the Company and
        write off of some of the existing liabilities.
 
      - The rehabilitation scheme, inter alia, envisaged reduction in
 the
        share capital of the company in the following manner:
 
      - (i) 45,000 No. of equity shares of Rs. 100 each aggregating
 to
        Rs. 45,00,000 be reduced by 50%;
 
      - (ii) 5,84,000 No. of equity shares of Rs. 10 each aggregating
 to  
        Rs. 58,40,000 be reduced by 25%; and
 
      - (iii) 15,000 - 13.5% preference shares of Rs. 100 each
        aggregating Rs. 15,00,000 be reduced by 25%. 
 
      - The date of redemption of preference shares was extended to
 15th
        January 1991.
 
 1990 - Preference shares redeemed, 2,50,000 No. of equity shares of
 Rs.
        10 each allotted at par to promoters.
 
 1991 - Equity shares subdivided.  2,25,000 shares allotted.
 
 1994 - With a view to expansion, the Company proposed to buy a plot
 of
        land at Goa for setting up plants.
 
      - 13,69,500 Rights Equity shares issued in propn. 3:2.  Another
        2,50,000 shares offered to Promoters and employees of
 company.
 
 
 2012
 
 - Email ID : info@tecilchemicals.com