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Easun Reyrolle > Company History > Electric Equipment > Company History of Easun Reyrolle - BSE: 532751, NSE: EASUNREYRL
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Easun Reyrolle

BSE: 532751|NSE: EASUNREYRL|ISIN: INE268C01029|SECTOR: Electric Equipment
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Company History - Easun Reyrolle
BASED at Hosur in Tamilnadu, Easun Reyrolle was promoted by Easun
 Engineering and other Indian promoters in technical and  financial
 collaboration with Reyrolle Parson of UK, now Reyrolle Protection (a
 division of Northen Engineering Industries, UK), which is part of the
 world famous Rolls Royce group. Engaged in the manufacture of
 Protection equipment for power systems upto 440 kv (industrial
 products) viz relays and control/relay panels, Easun Reyrolle has
 switchgear manufacturers and electricity boards as its main end
 users.
 
 The company commenced production in 1980. But owing to various
 adverse factors, it incurred losses till 1987. However, with remedial
 measures, it started making profits from 1988-89 onwards, starting
 with a profit of Rs 10 lac in 1988-89. The shares of Easun Reyrolle
 are listed only on the Madras Stock Exchange. 
 
 The sales turnover registered an increase of 38% during 1991-92 as
 compared to the previous year, i.e., from Rs.632 lakhs in 1990-91 to
 Rs.873 lakhs in 1991-92.  The net profit also increased from Rs.70
 lakhs in 1990-91 to Rs.117 lakhs in 1991-92.  
 
 In 1992-93 the company  made progress in acquiring test and balance
 equipments to augment the production facilities.  For the first half
 ended Sep.'92, while sales increased by 14% to Rs 4.12 cr, net profit
 increased by 24% to Rs 51 lac. With a view to meet capital expenditure
 and long-term working capital requirements, it came out with a rights
 issue in the ratio of 1:1 at par in Jun. '92. As a result, the equity
 doubled to Rs 92 lac. It also issued 22,500 equity  shares to its
 employees. 
 
 From 13th November, 1992 till the end of the financial year the
 company's workers were on strike.  Therefore in spite of the
 company's improved performance during the first half pf 1992-93 as
 compared to those of 1991-92, the closure of company's operations for
 over 4 1/2 months in the second half of the year resulted in a loss of
 49.69 lakhs.
 
 However the company's sales picked up for the year 1993-94 and stood
 at Rs.525 lakhs as on 30.09.94 and profits at Rs.80.15 lakhs.
 
 2007
 
 - The Company has splits its face value from Rs10/- to Rs2/-.
 
 2008
 
 -Easun Reyrolle Ltd has informed that the Companys Securities stands
 de-listed from Madras Stock Exchange Ltd (MSE), Chennai, w.e.f. June
 11, 2008.
 
 2009
 
 -Easun Reyrolle Ltd Recommended a Dividend of 100% for the financial
 year 2008-09 (at Rs 2.00 per share).
 
 - ERL's Hosur Plant has won the prestigious State Safety Award 
 first prize for the year 2009
 
 2010
 
 - Easun Reyrolle - Easun Reyrolle Awarded Turnkey AMR Contract by
 Infosys.
 
 -Easun Reyrolle Ltd recommended a Dividend of Rs 4 per Equity Share
 (of Rs. 2 paid up) for the financial year 2009-10
 
 2011
 
 -Easun Reyrolle Ltd recommended a Dividend of Rs. 1.20 per Equity
 Share (of Rs. 2 each paid up) for the financial year 2010-11.
 
 2012
 
 -Easun Reyrolle Ltd recommended a dividend of 10% for the financial
 year 2011-12.
 
 2013
 -Easun Reyrolle acquires substantial stake in Electrical Distribution
 Solutions Pty Ltd Australia.
 -Easun Reryolle wins prestigious Order for supply to Energex,
 Australian Utility.
 
 2014
 -Rights Issue Offer Price - Rs. 59 per Equity Share

2 .Ratio - 12 Equity Shares of Rs. 2 each for every 25 Equity Shares of Rs. 2 held. -Company has appointed Mr. Praveen Hegde as Company Secretary and Compliance Officer. -Easun Reyrolle has announced Rights in the Ratio of 12:25
Source : Dion Global Solutions Limited
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