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Hoganas India Ltd.

BSE: 513207 | NSE: HOGANAS | Series: NA | ISIN: INE132A01013 | SECTOR: Steel - Medium & Small

BSE Live

Dec 27, 11:22
96.05 0.00 (0.00%)
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19,210
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    96.05

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Hoganas India is not listed on BSE

NSE Live

Dec 27, 11:22
85.75 2.70 (3.25%)
Volume
No Data Available
1,033
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    83.05

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    -

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Hoganas India is not listed on NSE
Company History - Hoganas India
YEAR                                                        EVENTS
 1986 - The Company was incorporated on 30th July, at Mumbai.  It was
        promoted by Kamaljit Singh.  The Company manufacture
 different
        grades of iron powder.
 
      - The Company entered into a technical-cum-financial
 collaboration       
        agreement with Hoganas AB, Sweden (HAB).  As per this
 agreement,
        HAB would provide the company with complete technical
 know-how
        for the manufacture of iron powder and also for the
 installation
        of Plant and Machinery.
 
      - The main customers were the manufacturers of sintered powder
        metallurgy components, stainless steel producers and welding
        electrode manufacturers.
 
 1987 - 7 shares subscribed for by signatories to the Memorandum of
        Association.  11,49,993 shares then issued at par out of
 which
        5,86,500 shares to Hoganas AB, Sweden and 2,29,993 shares to
        resident Indian directors, their friends, etc. were reserved
 and
        allotted on a firm basis.  Another 57,500 shares were
 reserved
        for preferential allotment to employees (including Indian
 working
        directors)/workers of the company out only 1,600 shares taken
 up.
        The balance 2,76,000 shares, along with 55,900 shares not
 taken
        up by employees were offered to the public in Aug./Sep. 1987.
        (All were taken up).
 
 1992 - As part of backward integration, the company bought over a
        running unit from M/s. Mahindra Sintered Products, Ltd.,
        manufacturing raw atomised powder, located adjoining the
        company's existing manufacturing facilities.
 
      - With a view to improving productive capacity as well as the
        quality of raw atomised powder, the unit was being modernised
        with assistance of Hoganas AB, Sweden.
 
      - During September/October, the Company offered 2,87,500 No. of
        Equity shares of Rs 10 each at a premium of Rs 100 per share
 on
        Rights basis in the prop. 1:4 (only 2,87,450 shares taken
 up).
 
      - Another 14,375 No. of equity shares of Rs 10 each were offered
 at
        a premium of Rs 100 per share to employees on an equitable
 basis
        (only 8,100 shares taken up).
 
      - Also, 8,431 new equity shares were issued to Hoganas AB,
 Sweden
        so that their equity holding will continue to be 51%.
 
 1994 - 3,63,495 No. of equity shares issued (prem. Rs 100 per share)
 on
        right basis to the existing shareholders in prop. 1:4.
 
 1996 - The Capacity of the atomising plant was raised from 4,800
 m.t.
        per annum to 12,000 m.t. per annum.  The capacity of the
        annealing plant was also raised from 7,300 m.t. per annum to
        9,000 m.t. per annum.
 
      - 9,08,738 bonus equity shares issued in the ratio of 1:2.
 
 2000 - Hoganas India has declared a 1:1 bonus issue.
 
            - The Company has considered and allotted 27,26,214 fully
 paid-up shares
               of Rs 10 each as bonus shares in the ratio of one
 equity share for every one
               equity share held.
 
 2001 - Hoganas AB, Sweden, has proposed to acquire a 49 per cent
 stake in Hoganas
               India at Rs 100 per share.
 
 2002- The board of Hoganas India Limited  accepted the resignation of
 Mr V K Sud ,Managing              Director. The Board has appointed Mr
 B P Vaidya,an existing Director of the Company as            
 Executive Director of the company.