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