YEAR                       EVENTS
 1928 - The Company was incorporated as a Private Limited Company on
 16th 
        February.  The name was changed to Thana Electric Supply
 Company
        Limited w.e.f 15th January, 1965.  It was converted into a
 Public
        Ltd. Co. on 25th January 1965.  The main object of the company
 is
        Undertaking contracts, manufacture of electric transformers
 and
        other electrical equipment.
 
      - The company took over from M/s. P. Patel & Co., the licence 
        known as the Thana Electric Licence, in 1927.  The
 electricity
        undertaking of the company was taken over by the Maharashtra
        State Electricity Board on the mid-night of 26th/27th 1977. 
 
 1964 - Capital at the time of conversion into public company.  2,000
 
        Bonus Equity shares were issued during 1933 to 1938.
 
 1965 - 9,000 No. of Equity shares offered for public subscription in
 
        September.  Arrears: 1,000
 
 1967 - In May-June, 6,000 9.5% Pref. shares and 34,000 Equity shares
 
        offered for public subscription.
 
 1971 - In March, 19,000 Right Equity shares issued at par in the
 prop. 
        19:51.
 
 1976 - 6,000 9.50% Pref. shares redeemed on 1st October.
 
 1979 - The company purchased 6,941 No. of equity shares of Rs. 100
 each 
        of Electric Transformer & Equipment Co. Ltd. on 7th February,
 
        whereupon it became a subsidiary of the company.
 
      - In terms of the resolution adopted by the shareholders at the
 
        extra-ordinary general meeting held on 23rd February, duly
        confirmed by the High Court, the company reduced its share
        capital by repaying the whole of the preference share capital
 of
        Rs. 3,00,000 and Rs. 25 per equity share.
 
      - 3,000 Pref. shares redeemed Equity capital reduced by repaying
 
        Rs. 25 per share.
 
 1980 - As at 31st March, the company held 6,941 No. of equity shares
 of 
        Rs. 100 each out of 8,030 No. of equity shares and 2,000 -
 9.5%
        preference shares of Rs. 100 each issued by this subsidiary.
 
      - The paid-up capital was again reduced by repaying Rs. 25 per 
        equity share.
 
 1981 - Subsequently, ETE was amalgamated with the company effective
 from
        20th March.  The preference shares of ETE were redeemed at
 par
        and the remaining equity shares were purchased by the company.
 
        As ETE became a wholly owned subsidiary prior to amalgamation,
 it
        did not involve any issue of shares to the members of ETE.
 
 1982 - Shares subdivided.  3,50,000 Bonus shares issued in prop. 1:1.
 
        3,50,000 rights shares issued at par in prop. 1:2 in April
 1983.
 
 1984 - The company's writ petition challenging the validity of the 
        Indian Electricity (Maharashtra Amendment) Act, 1976 was
 upheld
        by a division bench of the Mumbai High Court in a judgment
        delivered on 20th July.
 
      - Pending hearing and disposal of the said appeals, the Supreme
 
        Court, on a motion by the Company directed the MSEB to make a
        further interim payment which was received by the Company
 after
        the close.
 
 1985 - The petition was admitted by the Supreme Court on 11th
 January.  
        The company also filed cross objections in the Supreme Court.
 
 1986 - Both Production and sales declined due to go slow and lock out
 
        during the period 19th November, to 4th February 1987 at the
        Hyderabad factory.
 
 1989 - In April, the Supreme Court has delivered judgment upholding
 the 
        validity of the Indian Electricity (Maharashtra Amendment)
 Act,
        1976.
 
      - There was a dispute between the company and the MSEB over the
 
        quantum of deduction of statutory reserves from the purchase
        price.
 
      - The division was reactivated and was to be relocated in 
        Hyderabad.
 
 1990 - Though turnover increased, the overall working resulted in a
 loss 
        due to allround increase in cost and loss of production
 during
        the year consequent to labour unrest.
 
 1992 - Southern Switchgear Ltd., is a subsidiary of the company.  The
 
        company held 6,43,433 No. of equity shares of Rs. 10 each out
 of
        7,50,000 No. of equity shares issued by this subsidiary as on
        31st March.
 
      - The company suffered a slight set back due to low turnover and
 
        squeez in margin.
 
 2008
 
 -The company has designated E-mail ID for Investors Complaints:
 tesco@vsnl.com