Time to reset economy

Get App

Time to reset economy

SENSEX NIFTY
Amalgamated Electricity > Company History > Finance - Leasing & Hire Purchase > Company History of Amalgamated Electricity - BSE: 501622, NSE: N.A
YOU ARE HERE > MONEYCONTROL > MARKETS > FINANCE - LEASING & HIRE PURCHASE > COMPANY BACKGROUND - Amalgamated Electricity

Amalgamated Electricity

BSE: 501622|ISIN: INE492N01014|SECTOR: Finance - Leasing & Hire Purchase
SET ALERT
|
ADD TO PORTFOLIO
|
WATCHLIST
Amalgamated Electricity is not traded in the last 30 days
Amalgamated Electricity is not listed on NSE
Company History - Amalgamated Electricity
YEAR                       EVENTS
 1936 - The Company was incorporated at Mumbai.  The main objective
 of
        the company was manufacture of vegetable oils and deoiled
 cakes. 
        All shares issued to each.
 
      - The Company was originally formed to generate and distribute
        electricity in the Municipal areas of Ajmer, Belgaum,
 Malegaon
        and other adjoining areas.  
 
 1940 - 11,242 Right Equity shares issued at par in proportion 1:6
        Equity/Preference.
 
 1947 - 13,758 Right Equity shares issued (Prem. Rs.5 par share in
 prop.
        1:6 Equity/Pref.
 
 1948 - 31,250 Right Equity shares issued at par in the proportion
 5:14.
 
 1950 - 31,250 Right Equity shares issued at par.
 
 1951 - 5,400 Pref. (5.5%), 5,000 Pref. (5%) and 2,65,948 No. of
 Equity
        shares allotted to shareholders of Ajmer and Julgon Electric
 Cost
        12,100 Right pref. (5%) and 1,25,052 Right Equity shares
 issued
        at par.
 
 1952 - Unissued 11,250 Pref. (5%) shares and 59,000 No. of Equity
 shares
        issued at par in prop. 1:51 and 1:10 respectively to both
 Equity
        and Pref. shareholders.
 
 1954 - 12,500 Right Pref. (5.5%) and 1,25,000 Right Equity shares
 issued
        at par in prop. 1:50 and 1:5 respectively to Equity and/or
 Pref.
        shareholders.
 
 1960 - 90,625 Right Equity shares issued in the proportion 1:8
 Equity.
 
 1961 - 84,375 Right Equity shares offered at par in the proportion
 1:10
        Equity.  Only 42,698 shares were taken up.
 
 1962 - 2,86,300 Right Equity shares offered at par in prop. 1:3
 Equity. 
        Shares not taken up were differed to the public in August.
 
 1964 - In February 1965, 25,000-10% Right Pref. shares issued in
 prop.
        1:4 Equity.  18,266 pref. shares not subscribed offered to
 the
        public in August 1965.
 
 1971 - 16,135-10% Prof. shares redeemed during the year.
 
 1972 - 8,865 10% Preference shares were redeemed.
 
 1975 - 5.5% Pref. and 5% Pref. shares were converted into 3.3% and
 3%
        unsecured bonds respectively on 1-7-1975.
 
 1976 - 3,47,064 Bonus Equity shares issued in proportion 1:3 on
        29th July.
 
 1978 - Future Electronics Pvt. Ltd., became a subsidiary of the
 Company.
 
 1981 - The licences were gradually taken over by various State
        Electricity Boards over the years, the last of them being
 Dahod
        Electricity Undertaking handed over to Gujarat Electricity
 Board
        on the mid-night of 9th/10th February.
 
 1983 - The working continued to suffer due to non-availability of
 raw
        materials and unremunerative selling prices.  As a result,
 the
        plant could be operated only for about four months.  The
        hydrogenation unit of the Company remained non-operational
 during
        the year due to lack of processing orders at remunerative
 prices.
 
 1984 - The working results continued to suffer.
 
 1985 - The working results showed reduced losses as compared to the
        previous year.  The performance of the computer division
 showed
        improvement.  Efforts were under way to sell the assets of
 the
        hydrogenation plant at Chalisgaon.
 
 1987 - The computer division continued to operate under sever
        competitive conditions and efforts were on to improve its
        performance.
 
 1988 - The Company embarked upon new lines of activities, including
        upgrading the computer division.
 
 1989 - Due to uncertainties of the oil industry, the Company proposed
 to
        divert its activities into leasing business, hire purchase
        business and exports of commodities other than those in which
 the
        company is engaged. 
 
 1992 - As on 31st March, the Company held 132 No. of equity shares
 of
        Rs. 100 each out of 133 No. of equity shares issued by this
        subsidiary.
 
 2014
 -The Registered Office of the Company has been shifted from Dena Bank
 Building, 1st Floor, 17-B, Horniman Circle, Fort, Mumbai - 400 023 to
 Bhupen Chambers, Ground Floor, Unit-I, Dalal Street, Fort, Mumbai -
 400 001.
 
 
 
 
 
Source : Dion Global Solutions Limited
Quick Links for Amalgamated Electricity
Explore Moneycontrol
Stocks     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Others
Mutual Funds     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.