Excel Industries Ltd.

YEAR                       EVENTS
 1960 - The company was started on 5th September, as a private
 limited
        company and became Public Ltd company in 1965.  The Company
        manufacture basic industrial chemicals, pesticides,
 fumigants,
        etc.
 
 1968 - 12,500 Bonus Equity shares issued in the prop. 1:2.
 
 1970 - 7,500 Bonus shares issued in prop. 1:5.  Shares then
 subdivided.
        In March 1971, 5,00,000 shares issued at par: 34,500 shares
        reserved for working directors and staff and 4,65,500 shares
        offered to the public.
 
 1975 - Plants at the Roha Works were commissioned in June.  7,60,000
        Bonus shares issued in prop. 4:5.
 
 1976 - The pilot plant for the manufacture of endosulfan was
        commissioned.  A plant was put up for the manufacture of
        aluminium chloride.
 
 1977 - 8,55,000 Bonus shares issued in prop. 1:2.
 
 1978 - The Company concluded two more agreements for supply of
 technical
        know-how and engineering services for the manufacture of
        malathion with FICOM Organics, Ltd., and Khatau Jhunker, Ltd.
 
 1983 - 20,52,000 Bonus shares issued in prop. 4:5. 
 
 1985 - A plant was installed to manufacture glyphosate, a weedicide.
 
 1986 - The butene-diol plant with 600 TPA capacity was commissioned
 with
        an inbuilt facility for generation of acetylene gas.
 
      - It was proposed to set up a 16,000 TPA plant for the recovery
 of
        high-alumina refractory grade cement from the Company's
        phosphorous operations.
 
 1989 - Upexcel, Ltd., was formed as a joint sector company with
        Pradeshiya Industrial & Investment Corporation of U.P. for
 the
        manufacture of phosphorous and its derivatives.
 
 1990 - The Company issued 4,00,000-14% secured non-convertible
        debentures of Rs 100 each on private placement basis
 aggregating
        to Rs 4,000 crores to UTI (Rs 2.00 crores), LIC (Rs 1 crore)
 and
        GIC and its subsidiary (Rs 1 crore).  These were to be
 redeemed
        at a premium of 5% on the expiry of 7 years from the date of
        allotment i.e. on 25th May 1996.
 
 1991 - The Project financing proposal was approved by financial
        institutions.
 
      - West Coast Oxygen, Ltd. and Kamaljyot Investments, Ltd., are
        wholly owned subsidiaries of the Company.  During the year,
 the
        Company has incorporated a wholly owned subsidiary under the
 name
        Excel Industries (Australia) Pty Ltd., in Australia.
 
      - The Company issued 6,00,000-18% secured redeemable
        non-convertible debentures of Rs 100 each on private
 placement
        basis to financial institutions.  These are redeemable in
 three
        equal annual instalments commencing on the expiry of 6 years
 from
        the date of allotment i.e. from 27th March, 1998 at a premium
 of
        Rs 5 per debenture payable on the expiry of the 7th year from
 the
        date of allotment.
 
      - During the year, the Company issued 2,00,000-14% secured
        redeemable non-convertible debentures of Rs 100 each on
 private
        placement basis with UTI.  These are redeemable in three
 equal
        annual instalments commencing on the expiry of 6 years from
 the
        date of allotment from 26th September, 1997 at a premium of Rs
 5
        per debenture payable on the expiry of 7th year from the date
 of
        allotment of debentures.
 
 1992 - The company issued 4,00,000-18% secured redeemable
        non-convertible debentures of Rs 100 each on private
 placement
        basis with UTI.  These are redeemable in three equal annual
        instalments commencing on the expiry of 6 years from the date
 of
        allotment from i.e. from 26th March 1999.
 
      - 23,08,500 Bonus shares issued in prop. 1:2.
 
 1993 - Facility for manufacture of 600 TPA of acetyl chloride was
        commissioned.  In addition steps were taken to expand the
        capacity of water treatment chemicals at its Lote unit and to
        provide captive production of phosphorous trichloride for the
        same.
 
      - During April, the Company offered 3,50,000 No. of equity
 shares
        of Rs 10 each at a premium of Rs 52.50 per share to its
        permanent employees' (as on 1st July, 1992), of the company
 both
        in appreciation of their services and as a part of their
 Golden
        Jubilee Celebration.
 
      - 3,44,920 shares issued on preferential basis to employees.
 
 1994 - The Company entered into new business like micro-irrigation
        systems, seeds, biofertilizers etc. through a combination of
        marketing and manufacturing efforts.  The Company also
 started
        offering technology in tackling the ever-mounting menace of
 waste
        in cities and town.
 
      - The Capacity of the plant to produce Butene Diol was
 expanded.
        The Company also undertook to further modernise its major
 plants
        to improve the operational performance.
 
 1995 - The Company commissioned a windfarm project at Rajasthan with
 an
        installed capacity of 2.7 MW.
 
      - 36,35,210 bonus equity shares issued in prop. 1:2.
 
 1996 - The Company had carried out expansion of production capacity
 of
        yellow phosphorous at Bhavnagar unit and Glyphosate at Roha
 unit.
 
 1997 - The Company has commissioned a new pesticide formulation unit
 at
        Silvassa in the Union Territory of Dadra & Nagar Haveli to
        manufacture Glycel 41% SL and exports to add facilities in
 future
        to manufacture other formulations.
 
      - Excel Industries is setting up a joint venture (JV) with
 Netafim
        of Israel to manufacture irrigation equipment in India.
 
      - Excel Industries (EIL) is a leader in industrial and
 speciality
        chemicals, agro-chemicals and bio-fertilisers, and holds a
        major market share in endosulfan and glyphosate pesticides.
        The company has developed expertise in organic soil
 enrichers,
        drip irrigation system and pest control products.
 
      - The Credit Rating Information Services of India Limited
        (Crisil) has rated Rs.400 million non-convertible debenture
 of
        Excel Industries Limited as `AA-' indicating high safety with
        regard to timely payment of interest and principal.
 
 1998 - ISRAEL'S Netafim, a US$ 200m turnover micro irrigation
 company,
        has entered into a joint venture with Excel Industries
 Limited,
        the Mumbai-based manufacturer and exporter of agri-chemicals,
        and Jalbindu Agritech Pvt Ltd, an Umargaon-based manufacturer
        of drip irrigation systems.
 
      - Excel Industries, pioneers in recycling wastes into
 fertilisers,
        plan to expand business worldwide particularly in Asia and
 the
        Pacific region.
 
      - Excel has commissioned a pilot plant for herbal extraction at
        its production site at Lote Parashuram.
 
      - Excel Industries is one of the major domestic players in the
        pesticide industry and is also one of the leading exporters
 of
        technicals and formulations.
 
      - Excel is also the first company in Asia, and third in the
 world,
        to make endosulfan technical, and first in Asia to make
 butene
        diol - a major intermediate of endosulphan.  It is second in
 the
        world to develop glyphosate technical.  The company remains a
        domestic leader in terms of capacities, marketing and
        distribution network, and has good brands in its portfolio.
 
 1999 - The company is the largest domestic manufacturer of
 endosulfan,
        a broad spectrum pesticide, used predominantly in cotton
 crop,
        but also finds use in oil seeds, pulses and plantations.
 
      - Excel Industries has entered into a co-marketing arrangement
        with Danish multinational Cheminova for its glyphosate-based
        formulation, a systemic weedicide.
 
 2000
 
 -Subsidiary launched seeds business last year, had to shell out Rs
 2.25 crore this year as compensation to the cotton farmers of
 Warangal district in Andhra Pradesh.
 
 2001
 
 -Credit Rating and Information Services of India Ltd (Crisil) has
 downgraded its rating assigned to the fixed deposit programme of
 Excel Industries Ltd to `FAA-' from `FAA
 
 -Embarked on a restructuring drive by spinning off its agri-business
 into a separate company. 
 
 -Board approves in-principle, a proposal to restructure the business
 of the Company by spinning off its Agri Business Division into a
 separate Company under a Scheme of Demerger
 
 2002
 
 -A major fire broke out in one of the two main buildings of the
 corporate and registered office of the Company on March 22, 2002.The
 fire resulted in extensive damage to and destruction of building,
 office equipments, furniture and fittings, EDP & IT Systems including
 hardware and data storage devices, communication systems and records.
 
 -Board Approves the scheme of amalgamation of Waman Industrial
 Chemicals Ltd (WICL), wholly owned subsidiary with the company.
 
 -Mr. Kishore V Mariwala has resigned from the BoD w.e.f. June 27,
 2002.
 
 -Mr M K Vadgama has resigned from the Board of Directors of the
 Company.
 
 -Mr A N Poddar, Director of the Company has expired on December 05,
 2002.
 
 2003
 
 -Board Approves a Scheme of Demerger of the Undertaking relating to
 the Agri Business of the Company and to transfer and vest the same as
 a going concern, to and in Excel Corp Care Ltd (ECCL), subject to all
 requisite approvals.
 
 -Hon'ble High Court of Judicature at Bombay sanctioned the scheme of
 arrangement for demerger of the undertaking relating to Agri Business
 of the Company and its transfer to and vesting in Excel Crop Care
 Ltd.
 
 - Mr Dipesh K Shah has resigned as Joint Managing Director of the
 company wef August 30, 2003.
 
 -Mr. S R Potdar, President (Chemicals Division) has been appointed
 Executive Director of the Company with effect from 3rd September,
 2003. Mr. Dipesh K Shroff has also been appointed as non-executive
 Director of the Company on 3rd September, 2003.
 
 -Signed a memorandum of understanding to sell its land at Amboli. The
 sale is for Rs 1.75 crore
 
 2007
 
 -Excel Industries Ltd has has appointed Mr. D Devednder Singh as an
 Additional Director of the Company.
 
 2008
 
 - Excel Industries Ltd has informed that the Board of Directors of
 the Company at its meeting held on October 24, 2008, has appointed
 Mr. Nilesh Bhaskar Sathe as an Additional Director of the Company.
 
 - Excel Industries Limited has appointed Mr. Nilesh Bhaskar Sathe as
 an Additional Director of the Company.
 
 2009
 
 -Excel Industries has recommended a dividend of 10% 
 
 2010
 
 -Mr Surendra Kumar Singhvi has been appointed as the Secretary and
 Compliance Officer of the Company.
 
 -Excel Industries have recommended a dividend of 40% 
 
 2011
 
 -Excel Industries have recommended a dividend of 75% including a
 special dividend of 25% on the occassion of 50th year.
 
 2012
 
 -Excel Industries have recommended a dividend of 40%.
 
 2013
 -ICC (Indian Chemical Council) Lifetime Achievement Award. 
 
 2014
 --Excel Industries offers easy-to-use organic waste treatment
 system.
 
 2019
 - Acquisition of a chemical manufacturing unit of NetMatrix Crop Care
 Limited.