BCL Forgings Ltd.

YEAR                       EVENTS
 1967 - The Company was incorporated on 6th May as a private limited
        company.  With effect from 22nd September, 1975 the Company  
        became a subsidiary of Business Combine, Ltd. (BCL).  As a
        result, it became deemed public limited company under Section
        43-A of the Companies Act, 1956.  After the public issue
 (June
        1984) the Company ceased to be a subsidiary of BCL.
 
      - The main object of the Company is to manufacture forgings
        and castings of all types of ferrous and non-ferrous metals.
 
      - The Company entered into a technical collaboration agreement
 with  
        M/s. Franz Mayer GmbH of Plettenberg, West Germany.
 
 1979 - All shares were taken up by promoters, etc.
 
 1980 - 5,115 rights equity shares allotted in the prop. 3:5.
 
 1984 - With a view to reduce fuel consumption, a new furnace was put
        into operation and other furnaces were being installed.
 
      - With effect from 22nd May, the name of the Company was changed
 to 
        the present one from Viscorts Forge, Ltd.
 
      - Equity shares sub-divided.  Authorised capital reclassified. 
        42,500 bonus shares issued in prop. 1:3.  4,57,500 shares
        reserved and allotted to employees, directors, etc. and
 business 
        associates and 4,17,500 shares offered to the public.
 
 1985 - A heat treatment furnce was commissioned.
 
 1986 - As a part of the ongoing modernisation programme, the Company
        made some additions such as recuperator, grinding machine,
 etc.,
        to its plant and machinery.
 
      - 1,150 shares forfeited.  These were reissued at par to 
        shareholders.  6,27,500 rights shares then issued at par in
 prop.  
        1:1.  Only 2,15,752 shares taken up.  Another 14,855 shares
        allotted privately.  Another 32,500 shares offered at par to
        employees but none were taken up.  Unsubscribed employees
 quota
        was allowed to lapse.
 
 1990 - The Company undertook an expansion project for which a
 separate
        shed was constructed.
 
      - The Company carried out its phased modernisation of
 production
        facilities by installing plant and machinery.
 
      - XLO Gaskets, Ltd., is a subsidiary of the Company.  The name
 of
        the subsidiary was changed to `BCL Gaskets Ltd.'.
 
 1991 - The Company proposed to set up mechanized and sophisticated
        inspection processes and chemical and physical laboratories
 at
        par with international standards.  It was also proposed to
 double
        its production and turnover by 40% during 1992-93 in addition
 to
        achieving substantial exports in the next three years.
 
      - 8,58,137 rights equity shares offered at par in prop. 1:1.
        Additional 1,28,720 shares allotted to retain
 oversubscription.
        Another 43,000 shares issued to employees but only 4,650
 shares
        taken up.  The balance 38,350 shares allowed to lapse.
 
 1992 - Sales declined due to severe recession in the automobile
        industry and was further affected by labour unrest in the
 latter
        part of the year.
 
 1993 - Sales further declined due to continuation of labour unrest
        leading to strike till September.
 
 2007
 
 - BCL Forgings Ltd has appointed Mr. Harbaksh Singh Batra as an
 additional director of the Company.
 
 -BCL Forgings Ltd has has appointed Mr. Kishore J Janani and Mr.
 Bhargav Patel as Additional Directors of the Company.
 
 2008
 
 -BCL Forgings - E-mail ID for Investors Complaints:
 dpghosh@bclfmail.com