Bajaj Electricals Ltd.

YEAR                       EVENTS
 1938 - The Company was Incorporated in July, at Lahore.  The Company
        Manufacture electric fans, die cast components and magneto
        assemblies and marketing of electrical goods such as general
        lighting service lamps, special lamps, fluorescent tubes,
        lighting fixtures, fans and electrical and non-electrical
        appliances.
 
 1961 - The Name of the Company was changed from `Radio Lamp Works,
 Ltd',
        to `Bajaj Electricals Ltd.'
 
 1964 - In Sept. 1963, 27,500 Right Equity shares offered at par in
 prop.
        of 1 share: Rs 180 paid-up capital on Equity/Deferred shares.
        Arrears: Rs 24,500.
 
 1966 - In August 1966, 25,000 II Pref. shares redeemed.
 
 1980 - 25,000 - 9.5% CR Pref. shares redeemed.
 
 1982 - 17,278 deferred shares converted into 17,278 No. of Equity
 shares
        in prop. 1 Equity shares of Rs 100 1 deferred share of Rs 10.
 
 1983 - Pref. shares converted into 15% non-convertible debentures in
        prop. 1:1.
 
 1984 - Matchwel Electricals (India) Ltd., a subsidiary of the
 Company
        was amalgamated with effect from 1st July.  In terms of Scheme
 of
        Amalgamation, the Company issued 3,754 No. of equity shares
 of
        Rs 100 each in the ratio of one equity shares for every 20
 equity
        shares of Rs 10 each of Matchwel Electricals (India) Ltd.
 
      - In respect of preference shares of Matchwel Electricals
 (India)
        Ltd., the Company issued 16,320 - 15% non-convertible
 debentures
        of Rs 100 each in the proportion of three such debentures for
        two such preference shares held.  This amalgamation became
        effective on 1st October 1986 from the appointed date, i.e.,
 1st
        July, 1984.
 
      - The Company had signed a joint venture agreement with
 Newtronics
        Pvt. Ltd., Australia, to jointly promote a company in India
 under
        the name and style Bajaj Newtronics Pvt., Ltd., for
 developing
        and manufacturing electronic controls and accessories, to be
        located at Silvassa, Dadra & Nagar Haveli.
 
 1989 - 96,032 bonus equity shares issued in prop. 1:1.
 
 1992 - The Company imported mirror photogoniometer from Australia
 and
        installed in the lighting division for photometric testing.
 
      - The Company had signed a Memorandum of Understanding with The
        Black & Decker Corporation of U.S.A. for setting up a joint
        venture company for manufacture of protable electric power
 tools
        and small home appliances in India.
 
 1995 - The matchwel unit proposed to commence two additional die
 casting
        machines of 660 tonnes each.
 
      - 9,60,320 rights equity shares in prop. 1:2 at a premium of Rs
 190
        per share (all were taken up).
 
 1996 - The Company proposed to set up a Die-casting unit at Chakan,
 a
        C-Zone industrially backward Area in Maharashtra at a total
 cost
        of Rs 11 crores.
 
 1997 - 14,40,480 Bonus shares allotted in prop. 1:2.
 
 1998 - The Company entered into an agreement with the Joint Venture
        Company, Black & Decker Corporation to purchase their 50%
        shareholding in BDB to become 100% subsidiary of the company.
 
      - The Company set up a galvanising plant at Ranjangaon in
        Maharashtra with the latest technology for manufacture of
        highmasts and related products.
 
      - The Company set up a Wind Farm with installed capacity of 3 MW
 at
        Village Vankusavade in the Satara district of Maharashtra for
 the
        manufacture of electricity by using wind energy.
 
      - 10,000,000-11% Cum. Red. Pref. shares of Rs 10/- each issued
 on
        private placement basis.
 
 2000 - Bajaj Electricals signed a memorandum of understanding with
              Chinese consumer durables major GD Midea Holding Co.
 Ltd.
 
            - The Company has appointed Andersen Consulting for
 carrying out a 
               comprehensive business process re-engineering exercise
 with a view 
               to improve its operational efficiencies, introduce new
 products in the current 
               sluggish market for electrical consumer goods and for
 suggesting ways to 
               grow the bottomline.
 
             - The Company has set up the first of its kind high mast
 lighting and galvanising
                unit at Anjangaon in Maharashtra.
 
 2003
 
 -Fixes 20th Sep as record date for rights issue in the ratio of 1:1 
 at a price of Rs 25 per share (Rs 10 + Rs 15 premium)
 
 2005
 
 -Bajaj Electircals launches premium range of ceiling fans
 
 2006
 
 - Bajaj Electricals Ltd has informed that Shri R Ramakrishnan has
 been appointed as an Executive Director in the whole-time employment
 of the Company with effect from October 26, 2006.
 
 2007
 
 -The Company has issued Bonus Shares in the Ratio of 1:1.
 
 2009
 
 - Bajaj Electricals Ltd has appointed Dr. Rajendra Prasad Singh as a
 Director of the Company with effect from May 28, 2009.
 
 2010
 
 -Bajaj Electricals won the prestigious Master Brand title conferred
 by CMO USA  & CMO Asia in November 2010 for leadership and continuous
 innovation.
 
 -Company has splits its Face value of Shares from Rs 10 to Rs 2
  
 2011
 
 -Bajaj Electricals Partners with Vector Consulting Group to revamp
 its Supply Chain 
 
 2012
 
 -Appointment of Shri Anant Bajaj as the Joint Managing Director of
 the Company
 
 -The Company has recommended the Dividend for FY 2011-12 at 140%
 
 2013
 -Bajaj Electrical Bagged Power Distribution Projects worth Rs. 757
 cr.
 
 2014
 -Bajaj Electrical has bagged 8 (eight) new orders for Rural
 Electrification work in Jabalpur District from Madhya Pradesh Purva
 Kshetra Vidyut Vitaran Company Ltd in Bhopal District from Madhya
 Pradesh Madhya Kshetra Vidyut Company Ltd.
 -Bajaj Electrical  has bagged a new Order for EHV sub-station and
 associated transmission line from Odisha Power Transmission Company
 Limited (OPTCL).
 
 2015
 - Bajaj Electricals Ltd. has been awarded the Best Company In
 Integrated Building Management Solutions
 - Bajaj Electricals Ltd. has been awarded the Best Innovative Use Of
 Technology In Procurement @ The Procurement Excellence Award 2015
 
 2016
 -Bajaj Electricals showcased its new range of technologically for the
 applications like IT / ITES, Modern work spaces, Pharmaceuticals and
 Smart City Lighting
 - Bajaj Electricals Ltd. has been awarded the Fair Business Practices
 for highest ethical practices in business
 -Bajaj Electricals Ltd launches its Premium range of Kitchen
 appliances
 
 2018
 -The Bajaj Electricals launched Bajaj Cool.INXT, billed as the first
 of its kind Internet of Thing
 -The Engineering & Project Business Unit of Bajaj Electricals bagged
 a Power Distribution project worth of US$ 4,126,587.07
 
 2021
 -Mahindra Logistics with Bajaj Electricals announces it's Project
 'SAMRIDDHI' for integrated logistics services' .
 
 2022
 -NCLT Approved the scheme of Merger of Starlite Lighting Limited with
 Bajaj Electricals Ltd.
 -Bajaj Electricals Limited  has entered into a Trademark Licencing
 Agreement with Morphy Richards Limited,
 
 2023
 -Bajaj Electricals Limited has informed the Exchange regarding
 ''Update in the matter of the Scheme of Merger of Nirlep Appliances
 Private Limited with Bajaj Electricals Limited.