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GFL

BSE: 500173|NSE: GFLLIMITED|ISIN: INE538A01037|SECTOR: Chemicals
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Company History - GFL
YEAR                       EVENTS
 1987 - The Company was incorporated on 4th Feb. at Ahmedabad.  The
        Company was promoted jointly by Industrial Oxygen Co. Ltd.
 along
        with its subsidiary, a part of the Siddho Mal Group and
 Gujarat
        Industrial Investment Corporation, Ltd. (GIIC).
   
      - The Company entered into technical collaboration agreements
 with
        Stearns Catalytic division, a division of United Engineers &
        Constructions Inc. U.S.A. (A Raytheon Company).  Stearns have
        back to back agreements with Pennwalt Corpn. U.S.A. and
 Stauffer
        Chemicals Corporation U.S.A. for licences for technology
        transfer.
 
 1988 - 9,50,070 shares allotted to promoters, etc.  70,49,930 shares
        then issued at par of which the following shares were
 reserved
        and allotted on a firm basis:
 
      - (i) 22,49,930 shares to promoters, etc. and
 
      - (ii) 8,80,000 shares to GIIC (Co-promoter).  Out of the
 remaining
        39,20,000 shares, the following shares were reserved for
        allotment on a preferential basis:
 
      - (i) 15,68,000 shares to NRI on repatriation basis (only
 6,12,800
        shares taken up and 4,00,000 shares to employees of the
 company
        (only 65,000 shares taken up).
 
      - The balance 19,52,000 shares, along with the unsubscribed
 portion
        of 12,90,200 shares out of preferential quota were offered to
 the 
        public in October.  Additional 5,88,000 shares allotted to
 retain
        oversubscription.
 
 1991 - 13,70,000 No. of equity shares allotted at par to Industrial
        Oxygen Co., Ltd., in conversion of loan.
 
 1992 - 16,20,000 shares allotted to conversion of loans.
 
 1997 - The company has set up a project identification cell, which
 is
        scanning the economic environment to spot good business
        opportunities, either on its own or with the help of outside
        consultants.
 
 1999 - The company has identified the-entertainment industry as a
 key
        diversification area, and is considering setting up a
 national
        chain of multiplexes.
 
 2000
 
 -Inox Leasing and Finance Ltd has proposed to acquire 8 77 900 equity
 shares of the company from Gujarat Industrial Investment Corpn. Ltd
 (7.58 per cent) at Rs. 134 per share.
 
 2001
 
 -The promoters of the Rs 500 crore Inox Group, suppliers of
 industrial gases, has diversified into destination leisure and
 entertainment business
 
 -Company has splits its Face value of Shares from Rs 10 to Rs 2
 
 2008
 
 - The Company has splits its face value from Rs2/- to Rs1/-.
 
 2010
 
 - Gujarat Fluorochemicals Ltd has appointed Shri. Chandra Prakash
 Jain as an additional director on the Board of the Company. He is an
 Independent director on the Board of the Company.
 
 2011
 
 -Shri Mahesh Prasad has ppointmented  Additional and Independent
 Director of the company.
 
 
 2012
 
 -Gujarat Fluorochemicals Ltd has transferred, by way of slump sale,
 the wind energy business of the Company including all the
 undertakings comprised therein to INOX Renewables Ltd, a subsidiary
 of the Company.
 
 2013
 -Gujarat Fluorochemicals- Inox Leisure Limited became a subsidiary of
 the Company.
 -Gujarat Fluorochemicals incorporates new subsidiary in Hamburg
 Germany.
 
 2014
 -Gujarat Fluorochemicals Ltd has recommended a dividend @ Rs. 3.50
 (350%) per equity share.
 -Inox Wind Ltd, a Subsidiary of Gujarat Fluorochemicals Ltd one of
 India's leading wind power solutions provider has been awarded a
 170MW order from Continuum Wind Energy a Singapore based company.
Source : Dion Global Solutions Limited
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