Kirloskar Industries Ltd.

YEAR                                                           EVENTS
 1978 - The Company was incorporated as a private limited company on
 13th
        June, as a wholly owned subsidiary of K.G. Khosla
 Compressors,
        Ltd.  The company became a public limited company on 9th
 October
        1980.
 
      - The manufacturing activities of the company are carried out at
 
        its two units at Ambad Industrial Estate, Nasik in
 Maharashtra.
        One of the units of the company is a 100% export oriented
 unit
        which is designated as Khosla Compressors International and
 the
        other caters to the domestic market.  The company also holds
 an
        arrangement of marketing assistance with K.G. Khosla
 Compressors,
        Ltd.
 
      - The company's objects is to manufacture air compressors, gas
        compressors, accessories and diesel generating sets.
 
 1985 - Land and buildings of the Company were revalued as on 31st
 May.
 
 1986 - 4,95,000 No. of equity shares issued as bonus shares on
 8.5.1985
        in prop. 1:1, 2,60,000 shares issued as rights in 1985-86. 
 All
        shares held by K.G. Khosla Compressors, Ltd. 50,000 - 11%
 pref.
        shares of Rs.100 each were redeemed on 30.1.1987.
 
 1987 - 3,00,000 No. of equity shares issued at a prem. of Rs.20 per 
        share out of which the following shares were reserved for
 pref.
        allotment:
 
      - (1) 15,000 shares to the employees (including Indian working
        directors)/workers of the company (only 3,200 shares taken up)
 
        and 30,000 shares to UTI (all were taken up).  The balance 
        2,55,000 shares, along with the unsubscribed portion of 11,800
 
        shares out of the employees quota, were offered for public 
        subscription during February 1988.  Additional 30,000 shares
        were allotted to the public to retain over subscription.
 
 1988 - Simultaneously, with the public issue of equity shares in 
        February, the company offered 1,10,000 - 14% secured
 redeemable
        convertible debentures of Rs.250 each of which the following
        debentures were reserved for preferential allotment:
  
      - (i) 5,500 debentures to the employees of the company (only 30
        debentures taken up and
      
      - (ii) 11,000 debentures to UTI (all were taken up).  The
 remaining
        93,500 debentures along with the unsubscribed 5,470
 debentures
        belonging to the employees quota were offered for public 
        subscription.  11,000 additional debentures were allotted to
        retain over-subscription.
 
      - A portion of Rs.150 of each debenture of Rs.250 was to be 
        automatically and compulsorily converted into 5 equity shares
 of
        Rs.10 each at a prem. of Rs.20 per shares on expiry of 6
 months
        from the date of allotment of the debentures.  The non-
        convertible portion of Rs.100 of each debenture would be
 redeemed
        at par in 4 yearly instalments of Rs.25 each at the end of
 the
        7th, 8th, 9th and 10th year from the date of allotment of the
        debentures.
 
      - Kirloskar Kisan Equipment Ltd. is a subsidiary of the
 company.
 
 1993 - The Company along with Deutz Motor Industriemotoren GmbH,
 Germany
        (DMI) set up a pvt. Ltd. Company viz. Kirloskar Deutz sales
 and
        services Pvt. Ltd., with equity participation.  The company 
        commenced its operation was coordinating the activities of
        exports of F2L912/913 engines manufactured by the company.
 
 1994 - In terms of the revival scheme sanctioned by BIFR, Kirloskar
 Oil
        Engines, Ltd. (KOEL) was merged with Prashant Khosla
 Pneumatics
        Ltd. (PKPL) effective 1st April and the amalgamation was to
        become effective from 1st March 1996, being the date of issue
 of
        new certificate of incorporation by Registrar of Companies,
        Maharashtra in the changed name of Kirloskar Oil Engines Ltd. 
 As
        per this, the issued and subscribed Capital shall stand
 reduced
        from 21,85,000 shares of Rs.10 each to Rs.10,92,500 divided
 into
        21,85,000 No. of equity shares of Rs.0.50 each.  Forwith upon
        such reduction, the aforesaid 21,85,000 No. of equity shares
 of
        Rs.0.50 each would be consolidated and divided in such a
 manner
        that 20 such shares of Rs.0.50 each shall constitute 1 equity
 
        share of Rs.10 each.
 
      - Equity shareholder of KOEL would be allotted equity shares in
 the
        prop. of 1 equity share of face value of Rs.10 each for every
 
        equity share of Rs.10 each held by them in KOEL.  Similarly
        preference shareholders were to be allotted 9,55,000 - 11% 
        redeemable preference shares in the prop. 1 preference share
 of
        Rs.10 each for every preference share of Rs.10 each held by
 them
        in KOEL.  The name of the company was changed to Kirloskar
 Oil
        Engines Ltd.
 
 1995 - Approval from Government was received for setting up a project
 at
        Ambad, District Nasik in Maharashtra for the manufacture of
 300
        units per annum of heavy duty large diesel generating sets. 
 In
        this connection, a technical collaboration agreement was
 entered
        into with M.A.N.B & W Diesel GmbH, West Germany.
 
      - The Company undertook to set up a power house for generation
 of
        electricity at Munirabad, Raichur district of Karnataka.  The
        power generated was to be consumed in the state of Karnataka
 on
        the terms to be mutually agreed upon with KSEB or other
 parties
        to whom electricity was to be sold.  Kirloskar Pielstick
 diesel
        generating sets would be used to generate power.  The
 capacity
        of the plant was 9 MW.
 
      - 4,75,000 No. of equity shares of Rs.10 each issued to ICICI at
 a
        prem. of Rs.110 per share as per BIFR stipulation.
 
 2000 - Crisil has upgraded the ratings assigned to the company Rs.
              1.4-crore and Rs 6.62-crore non-convertible debenture
 issues to
               `A-' from `BBB'.
 
            - The Board has appointed Mr. Sanjay C. Kirloskar as
 Director and    
               Vice-Chairman.
 
            - Kirloskar Oil Engines is existing the 50:50 joint
 venture with
              Deutz of Germany.
  
            - The Company has expanded its board to 15 from the
 existing 10.
 
            - The Company has bagged the Automotive Components
 Manufacturers
               Association Quality Award for 1999-2000.
 
            - Kirloskar Oil Engines Ltd. has been named the country's
 best automotive 
              components manufacturer by the Automotive Components
 Manufacturers 
              Association (ACMA) for 1999-2000.
 
            - The Company has launched its `Gen Power 2000 Project' in
 Guwahati in
               collaboration with Assam Allied Industries.
 
 2001 - Kirloskar Oil Engines has launched a new range of ready-to-use
 gensets.
 
            - The Company has informed that it has acquired 23.82 per
 cent of shares from Kirloskar 
              Oil Engines Ltd.
 
 2002
 
 -Takes the entire stake held by Chatterji Group in Kirloskar Systems
 for Rs.40 cr.
 
 -Board approves in principle, the proposal  of merger of Kirloskar
 Power Supply company Ltd with the company.
 
 2003
 
 -Becomes the first company in the country to achieve compliance with
 the Central Pollution control Board's mass emission and smoke norms.
 
 -Board approves for the allotment of shares to Erstwhile Kirloskar
 Power Supply company Ltd in terms of the scheme of amalgamation,
 subsequently it approves for the buyback of 40,00,000 equity shares
 which do not exceed maximum amount of 10% of the aggregate of the
 company's tota paid up capital.
 
 -Approve the proposal of delisting of the equity shares of the
 company from Pune stock exchange by passing special resolution.
 
 -Better Value Holding Pvt Ltd acquires 4,41,239 shares amounting to
 2.27% od the total paid up capital of the company.
 
 -Declares 'SLK Birth Centenary Year Special Interim Dividend' @ 50%
 on the equity shares of the Company for the year 2003-2004
 
 2005
 -Company has splits its Face value of Shares from Rs 10 to Rs 2
 
 2007
 
 -Kirloskar Oil Engines Ltd. has informed that the Company's
 Registrars and Share Transfer agent viz. Intime Spectrum Registry
 Limited has shifted operations in respect of the Company from its
 Mumbai office to Pune branch, at the following address: Intime
 Spectrum Registry Limited, Block No. 202, Akshay Complex, Off Dhole
 Patil Road, Near Ganesh Temple, Pune -411001.
 
 -The Company has issued Bonus Shares in the Ratio of 1:1.
 
 2009
 
 - Kirloskar Oil Engines Ltd has appointed Mr. A N Alawani as
 additional director (Independent Director) with effect from January
 21, 2009.
 
 2010
 
 - Kirloskar Oil - MoU with AVEC.
 
 -Company has changed its name from Kirloskar Oil Engines Ltd. to
 Kirloskar Industries Ltd.                                            
      
                                                 
 
 
 - The Scheme of Arrangement between Kirloskar Oil Engines Ltd and
 Kirloskar Engines India Ltd, as approved by the Hon'ble High Court of
 Judicature at Mumbai, the name of Kirloskar Oil Engines Ltd has been
 changed to Kirloskar Industries Ltd.
 
 - Mr. Nihal G. Kulkarni is appointed as the Managing Director of the
 Company.
 
 -Registered Office of the Company has been shifted To 13A, Karve
 Road, Kothrud, Pune 411038
 
 2011
 
 - The Board has recommended a Dividend of Rs. 2.50 (25%) per equity
 share of Rs. 10/- each.
 
 - Kirloskar Industries Ltd has informed BSE that M/s. G. D. Apte &
 Co., Chartered Accountants, had been appointed as Statutory Auditors
 of the Company.
 
 2012
 
 - Board has recommended a Dividend of Rs 4/- (40%) per equity shares
 of Rs 10/- each.
 
 2013
 
 - Board has recommended a Dividend of Rs. 4/- (40%) per equity share
 of Rs. 10/- each.
 
 2014
 
 - Board has recommended a Dividend of Rs. 4/- (40%) per equity share
 of Rs. 10/- each
 
 
 2021
 -Kirloskar group launches new brand logo, 'Limitless' business
 vision.