Automotive Stampings and Assemblies Ltd.

YEAR                       EVENTS
 1990 - The Company was incorporated on 13th March, and received the 
        Certificate of Commencement of Business on 14th September.  It
 
        was promoted by S.K. Arya and associates and Haryana State
        Industrial Development Corporation Ltd. (HSIDC).  The company
 is
        engaged in developing tools, dies and moulds for various
 original
        equipment manufacturers of automobiles and other products on
 tool
        room machinery leased from Gurera Gas Cylinders Ltd., a group
        company.  The existing plant has a capacity of 3,500 tonnes
 p.a.
        in Ahmedabad, Haryana and is engaged in the manufacture of
 sheet
        metal components, tools and dies.  Operations for tools
 commenced
        in 1990 and that for sheet metal and components in 1994.
 
      - The company's objects is engaged in developing tools, dies
 and
        moulds of automobiles and other products and steel metal and
        components.
 
      - The Company also took on lease vide an agreement entered into
        with GGCL dated 1.10.1990 tool room machineries viz. hydrawn
        surface grades, radial drill, etc. on a monthly rent for 61
        months ending in 1995.
 
 1994 - The Company undertook to set up facilities at Faridabad,
 Haryana
        for manufacture of sheet metal components with a capacity of 
        3500 tpa.  Most of the plant and machinery were procured and 
        installed Niz 2 of mechanical processes, shearing machine,
 radial
        dull and material handling machinery.  
   
 1995 - The company developed large size dies for `Opel Astra' and 
        `Jogna' vehicles.
 
      - 6,65,200 shares allotted to promoters.  25,34,800 shares were
        then issued at par during March 1994 of which the following
 were
        reserved for allotment on a preferential basis:
  
      - (i)  6,94,800 shares to Indian resident directors, their
 friends
        and relatives;
 
      - (ii) 2,40,000 shares Haryana State Industrial Development 
        Corporation (HSIDC) (all were taken up);
 
      - (iii) 5,00,000 shares to ICICI (all were taken up);
 
      - (iv) 15,000 shares to employees (only 12,400 shares taken
 up).
        Balance 10,85,000 shares along with 2,600 shares not taken up
        under preferential allotment issued to the public (all were
 taken
        up).
 
 1996 - The company commenced supplies of oil pumps to TEICO from its
 new
        unit at Bhosari, Pune.  A double action 1000 T press was 
        installed.  Further, paint shop and weld shop were also set
 up.
        In addition five heavy presses in the capacity range of 1000 
        tonnes and 800 tonnes purchased from General Motors, USA were
 
        also to be installed.
 
      - Construction activities were in progress at the second unit
 being
        set up at Chakan near Pune.  Presses of capacity 1500 tonnes
 and
        630 tonnes were to be installed.
 
      - During July-August, the company issued 25,60,000 - 15% fully
        convertible debentures of Rs.75 each on Rights basis in prop.
 4
        debentures: 5 equity shares held.  20,45,878 debentures taken
 up.
        4,20,000 debentures were underwritten and 94,122 debentures
 were
        allotted at the discretion of the management.
 
      - Part A of Rs.30 of each debenture was converted into one
 equity
        share of Rs.10 at a prem. of Rs.20 per share.  Accordingly,
        25,60,000 shares allotted.
 
      - Part B of Rs.45 of each debentures was to be converted into 1
        equity share of Rs.10 each at a prem. of Rs.35 per share at
 the
        end of 17 months from the date of allotment of debentures.
 
 2003
 
 - Mr. Sanjiv Kumar has been appointed as Manager u/s 269 of the
 Companies Act, 1956 with designation 'Chief Executive Officer' 
 
 -The name of JBM Tools Limited changed to Automotive Stampings and
 Assemblies Limited. and the trading symbol of JBM Tools Limited
 changed from JBMT to ASAL
 
 2004
 
 -Automotive Stampings And Assemblies Limited has informed that Tata
 Autocomp Systems Limited has acquired 49,77,779 equity shares of
 Automotive Stampings and Assemblies Limited (ASAL) representing
 48.809% of the share capital of ASAL.
 
 2005
 
 -Appointed as Chief Executive Officer
 -Company has changed its name from JBM Tools Ltd. to Automotive
 Stampings & Assemblies Ltd.                                     
                                                             
 2007
 
 -Automotive Stampings And Assemblies Limited has appointed Mr.
 Nagaraju Srirama, Chief Executive Officer of the Company as a
 'Manager' under section 269 of the Companies Act, 1956 with effect
 from 16th February, 2007.
 
 -Automotive Stampings & Assemblies Ltd has appointed Mr. Francisco
 Jose Riberas Mera and Mr. Francisco Lopez Pena as Additional
 Directors of the Company, w.e.f. October 01, 2007.
 
 -Automotive Stampings & Assemblies Ltd has appointed Mr. Pradeep
 Mallick as a Director of the Company w.e.f. December 28, 2007. Mr.
 Mallick is an Independent Director on the Board of the Company.
 
 2008
 
 - Automotive Stampings & Assemblies Ltd has appointed Mr. R S Thakur
 as a Director of the Company with effect from April 29, 2008.
 
 2009
 
 -Automotive Stampings Recommended a dividend of 12% 
 
 2010
 
 -Automotive Stampings Recommended a dividend of 12%
 
 2011
 
 -Automotive Stampings and Assemblies Ltd Issues Rights in the Ratio
 of 5:9
 
 2012
 
 -Automotive Stampings have  recommended dividend @ 15%
 
 2013
 
 - Mr. Pradeep Bhargava and Ms. Rati Forbes have been appointed as 
 Independent Directors on the Board and Mr. Deepak Rastogi as
 Directors of the Company.
 
 2016
 -Automotive Stampings received Best Supplier Delivery 2016 award from
 Tata Motors.
 
 
 2021
 -Automotive Stampings received Outstanding Delivery Performance Award
 from Tata Motors Year 2021.
 
 
  2023
 -Commencement Of Commercial Production  At Sanand.