Company History - Munjal Showa
ACTIVITIES: Manufacturers of shock absorbers of all kinds.
GENERAL : The Company was promoted by Hero cycles
(Pvt. Ltd., Dayanand Munjal Investment (P) ltd.,Thakurdevi
Investment (P) ltd., and Munjal Sales Corporation.Foreign
promotor was Showa Manufacturing Company Ltd.Japan with 26% equity
participation, and Technical & Financial collaboration.Marketing is
done directly by Kinetic Honda Motors Ltd., Hero Honda Motors Ltd.,
and Majestic Auto Ltd.
1986-87: Early 1987 the Company set up a plant for the manufacture
of 9,75,000 shock absorbers and 5,25,000 front fork per annum.
Commercial production started on 11th March 1987. The company
proposed to cater to the replacement market and also plans were in
the offing to supply shock absorbers to 4 wheelers like cars, lcv's
and trucks .
1987-88 : Company installed machines for machining bottom case, a
major component used for the manufacture of front forks.
1988-89 : A new telescopic shock absorber for sleek model of Hero
Honda was developed by the company. The Company undertook the
expansion plan for the manufacture of struts for 4 wheelers.
Necessary arrangements were made to manufacture and supply window
balancers for car and van from March 1989.
1989-90: The was under pressure due to increase in the cost of
imported raw materials, escalation in local raw material cost, etc..
During the year the company commenced supply of unit back door
balancer to Maruti Udyog Ltd. During the year production and suppply
of struts for Maruti-1000cc car commenced.
1991-92 : The Company started suppling 100% requirement of struts
for Maruthi 800cc export model cars to be launched in the early 1993.
Subject to approval from the company law board for amendment to their
object clause, the company proposed to develop shock absorbers for
industries other than automotive such as Xerox machine, washing
2000 - The Company has entered into agreement with NSDL & CDSL for
providing depository services.
2001 - The Company has received notice from Enam Securities Pvt Ltd
that it has furhter
acquired 90,000 shares of the company through the Bombay
-Members approve for delisting of shares of the company from 4 stock
exchanges ( Delhi, Kolkota, Ludhiana, and Ahmedabad).
-Munjal Showa Ltd has informed that Delhi Stock Exchange has
de-listed the company's securities with effect from December 10, 2003
in response to their application for voluntary delisting of the equity
-Munjal Showa Ltd has informed that the shares of the company have
been delisted from ASE w.e.f. March 31, 2004.
- Munjal Showa Ltd is inaugurating the new manufacturing plant at
Manesar, Gurgaon, Haryana.
- Munjal Showa Ltd Recommended a dividend @ 75%.
- Munjal Showa Ltd Appointed Mr. A K Vadehra as Additional Director
of the Company.
- Munjal Showa Ltd Board recommends Dividend @ 100% i.e., Rs 10/-
per Equity Share of Rs 10/- each for the financial year 2005-06.
-Company has splits its Face value of Shares from Rs 10 to Rs 2
- Munjal Showa Ltd Board recommends dividend f Rs 2/- per equity
share of Rs 2/- each for the year ended March 31, 2007.
- Munjal Showa Ltd Board recommends dividend @ 100% i.e. Rs 2/- per
Equity Share of Rs 2 each for the financial year 2007-08.
- Munjal Showa Ltd commissioned new plant at Haridwar.
- Munjal Showa Ltd recommended a dividend of Rs 2/- per Equity
Share of Rs 2 each for the financial year 2008-09.
-Munjal Showa Ltd recommended the dividend @ 100 percentage (Rs. 2/-
per share of Rs. 2/- each) on 39995000 equity shares of the face value
of Rs. 2/- each to the shareholders of the Company.
- Munjal Showa Ltd recommended the dividend of Rs. 2.50/- per equity
share of Rs. 2/- each for the year ended March 31, 2011
- Munjal Showa Ltd recommended a dividend of Rs. 3/- per equity share
of Rs. 2/- each for the year ended March 31, 2012
-Board recommended a dividend of Rs. 3/- per equity share of Rs. 2/-
each for the year ended March 31, 2013.
-Board Recommended a dividend of Rs. 3.50/- per equity share of Rs.
2/- each for the year ended March 31, 2014 .