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Mukand Engineers

BSE: 532097|NSE: MUKANDENGG|ISIN: INE022B01014|SECTOR: Construction & Contracting - Civil
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Company History - Mukand Engineers
MEL was incorporated as a Private Limited Company on January 30, 1987
 under the name and style of Mukand Construction & Project Engineering
 Company Private Limited. The object of the Company was to carry on the
 business of engineering construction, erection and commissioning of
 plants.  It became a subsidiary of Mukand Ltd. in 1987 and deemed
 Public Company under Section 43A of the Act on February 5, 1990.  In
 July 1992, the Company changed its Articles of Association to bring
 the same in line with the Articles of Public Limited Companies and
 underwent a change of name to Mukand Engineers Ltd. and a fresh
 Certificate of Incorporation was obtained dated July 9, 1992.  In
 November 1992, there was a preferential offer of Equity Shares to the
 shareholders of Mukand Ltd., whereby MEL ceased to be a
 subsidiary of Mukand Ltd.  In February 1995, the Company acquired the
 erstwhile Engineering Construction Division [ECD] of Mukand Ltd. in
 order to add to its capabilities relating to Engineering
 Construction.  This acquisition was effected through a slump sale
 agreement  dated February 11, 1995 with effect from September 30,
 1994.
 
 
 SLUMP SALE AGREEMENT
 
 In terms of the slump sale agreement dated February 11, 1995, the
 Company has acquired the Engineering Construction Division [ECD] of
 Mukand Ltd, as a going concern with effect from the sale date, namely
 30th September, 1994. The ECD was acquired for a total consideration
 of Rs. 1.41 crores, which has already been paid to Mukand Ltd. in
 cash. No proceeds from the proposed issue are to be utilised towards
 payment of the said consideration. Except for
 confirmation of assignment of contracts in favour of the Company,
 entered into by Mukand Ltd. and the clients, all the terms and
 conditions of the slump sale agreement have been complied with on or
 before March 31, 1995. 
 
 2000 
 
 - Mr. F.C. Kohli has joined the Board of Directors of Mukand
 Engineers Ltd.  as Director.
 
  - The Board has allotted 5,98,500 No. of Equity Shares of the
 company at a valuation in Accordance with SEBI.
 
 
 2003
 
 The BoD has appointed Mr Pradeep R Dhruva as the Company Secretary
 and Compliance Officer of the Company at the meeting held on October
 31, 2003, in place of Shri A Venkatesh who left the organisation on
 May 22, 2003.
 
 2008
 
 - E-mail ID for Investors Complaints: investors_cell.mel@mukand.com
 
 2010
 
 -Company Board recommended a dividend of Rs. 1.50 per share (15%).
 
 2011
 
 -Company has  recommended a dividend of Rs.1.50 per share (15%). 
 
 2012
 
 -Mukand Engineers Ltd  has recommended a dividend  of Rs. 1/- per
 equity share of Rs.10/- each.
 
 2013
 -The Board of Directors of the Company has recommended a dividend of
 Rs. 1/- per equity share of Rs. 10/- each.
 
 2014
 -The Board of Directors of the Company has recommended a dividend of
 Rs. 1/- per equity share of Rs. 10/- each.
 
 
 
 
Source : Dion Global Solutions Limited
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