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Birla Cable > Company History > Cables - Telephone > Company History of Birla Cable - BSE: 500060, NSE: BIRLACABLE
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Birla Cable

BSE: 500060|NSE: BIRLACABLE|ISIN: INE800A01015|SECTOR: Cables - Telephone
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Company History - Birla Cable
YEAR                       EVENTS
 1992 - The Company was incorporated as a Public Limited Company on
 June
        30, and obtained the certificate for commencement of business
 on
        January 8.  The Company manufacture optical fibre cables.  It
 was
        promoted by Ms. Priyamvada Birla.
 
      - The Company undertook to set up a project for manufacture of
        4,000 cable kilometres p.a. of optical fibre cables in
 technical
        and financial collaboration with Ericsson Cables AB Sweden.
 
 1993 - 9 equity shares of Rs 10 each subscribed for by signatories
 to
        the Memorandum of Association.  249,99,991 shares of Rs 10
 each
        were to be issued for cash at par as follows: As on firm
        allotment basis: (i) 75,00,000 shares to Ericsson Cables AB,
        Sweden; (ii) 87,49,991 to promoters, Indian promoter
 companies,
        their friends and associates; (iii) 27,50,000 shares each to
        Universal Cables Ltd. & Vindhya Telecoms Ltd., (iv) 7,50,000
        shares to Punjab Produce & Trading Co. Ltd.; (v) 5,00,000
 shares
        to East India Investment Co. Pvt. Ltd.; (vi) 7,50,000 shares
 to
        Hindustan Medical Institution; (vii) 12,49,991 shares to
        directors of the Company, their friends and associates;
 (viii)
        4,37,500 shares to IDBL.  Of the remaining, the following
 were
        issued on preferential basis.  4,37,500 shares to employees
 of
        the Company and promoters Company (only 4,21,600 shares taken
 up)
        8,75,000 shares to resident Indian shareholders (all were
 taken
        up).  Balance 70,00,000 shares along with 15,900 shares not
 taken
        up by employees' were issued to the public (all were taken
 up).
 
 1995 - 50,00,000 No. of Equity shares allotted on Rights basis prop.
        1:5, (Prem. Rs 40).
 
 1996 - The Company entered into an agreement with Ericsson Cables
 AB,
        Sweden, for technical know-how, assistance in selection of
 plant,
        machinery and raw materials, assistance for start-up etc.
 
 2003
 -Mr. D. R. Bansal re-appointed as Managing Director of the Company
 
 2004
 
 -Delist from Madhya Pradesh Stock Exchanges w.e.f. August 05, 2004.
 
 -Delist  equity shares from the Calcutta Stock Exchange Association
 Ltd (CSE) with effect from March 04, 2005.
 
 2007
 
 -Birla Ericsson Optical Ltd has appointed Mr. Dinesh Kumar Sonthalia,
 Dy. General Manager (Commercial) as whole time Company Secretary &
 Compliance Officer of the Company with effect from May 23, 2007.
 
 -Birla Ericsson Optical Ltd has appointed Mr. H V Lodha as a Director
 of the Company.
 
 2008
 
 -Birla Ericsson Optical Ltd has appointed Mr. S K Daga and Mr. Dinesh
 Chanda as alternate Director(s) to act for Mr. Janne Sjoden and Mr.
 Magnus Kreuger respectively during their absence with effect from
 February 07, 2008.
 
 2009
 
 - Birla Ericsson Optical Ltd has informed that Board of Directors of
 the Company at its meeting held on January 29, 2009 has appointed Mr.
 Harsh V. Lodha as Chairman of the Company.
 
 - Birla Ericsson Optical Ltd has appointed Mr. K. Raghuraman as
 Director of the Company.
 
 2010
 
 - Birla Ericsson Optical Ltd has re-appointed Mr. D. R. Bansal as
 Managing Director of the Company for a further period of 3(three)
 years 
 
 - Birla Ericsson Optical Limited has appointed Mr. Dinesh Chanda
 (DIN- 00939978 and PAN- ABZPC9841R), as alternate Director.
 
 2011
 
 -The Company has appointed Mr. Dinesh Chanda and Mr. S. K. Daga as
 alternate Directors.
 
 2012
 
 -Mr. D. R. Bansal has been appointed as an Additional Director on the
 Board of the Company.
 
 2013
 
 -Birla Ericsson Optical appoints Dinesh Chanda, S.K. Daga as
 Alternate Directors
 
 2014
 
 -The Company have recommended dividend on equity shares 10% for the
 year 2013-14.
 
 2016
 - The name of Birla Ericsson Optical Ltd shall be changed to Birla
 Cable Ltd and symbol be changed from BIRLAERIC to BIRLACABLE.
 
 
Source : Dion Global Solutions Limited
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