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Omax Autos Ltd.

BSE: 520021 | NSE: OMAXAUTO |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE090B01011 | SECTOR: Auto Ancillaries

BSE Live

Jan 25, 16:00
53.40 -0.10 (-0.19%)
Volume
AVERAGE VOLUME
5-Day
15,830
10-Day
16,741
30-Day
9,090
2,963
  • Prev. Close

    53.50

  • Open Price

    53.05

  • Bid Price (Qty.)

    52.80 (1)

  • Offer Price (Qty.)

    56.00 (50)

NSE Live

Jan 25, 15:40
53.70 0.45 (0.85%)
Volume
AVERAGE VOLUME
5-Day
80,827
10-Day
111,485
30-Day
54,091
15,231
  • Prev. Close

    53.25

  • Open Price

    53.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

Company History - Omax Autos
Omax Auto Ltd. was incorporated in 1983.  It is a member of Munjal
 group companies in the auto ancillary industry. It has a very broad
 customer base and supplies products to Maruti Udyog, Hero Honda,
 Escorts Bharat seats and other leading manufacturers of automobile
 industry. The company has also started supplying to SRF, Nippon
 Denro, Carrier Aircon and Eisher Mitsubishi on regular basis.
 
 The company has plans to set engine valve project costing Rs. 3 crore
 for the manufacture and supply of valves to automobile manufacturers
 in the country and for the export market.
 
 2002
 
 -Assigned a rating of A1+ for its commercial paper programme by ICRA
 
 -Approves to raise the capital of the company by way of public issue
 of Equity shares upto Rs 600 million (inclusive of premium) to meet
 the capital expenditure incurred / to be incurred and short fall in
 working capital.
 
 2003
 
 Considered and approved the Amalgamation of M/s Indital Tintoria Ltd
 with the Company including the scheme of amalgamation, valuation
 Report & Fixation of Exchange Ratio
 
 - Underwriters Laboratories Inc USA has recommended ISOTS 16949
 certificate for two units of the company. The company has also signed
 an agreement with Delphi Automotive Systems for exports of auto
 components.
 
 -Considered and approved the following matters:
 
 1.Setting up of a new unit of the Company at Bangalore
 
 2. Resignation of Mr Brijmohan Lal Munjal, Chairman & Director of the
 Company.
 
 Omax Autos Limited has informed regarding the following: 
 
 1) The company has got LOI from Tenneco Automotive USA for supplying
 of auto parts. 
 
 2) The Gurgaon plant & IMT Manesar plant have got ISO/TS 16949:2002
 certificate from M/s. Underwriters Laboratories Inc. USA. 
 
 3) The company has got approval for convening the AGM till October
 31, 2003 from Registrar of Companies, New Delhi.
 
 -Intimated of the intention of the promoters of the company to divest
 approximately 18% being 20,00,000 shares from their collective holding
 of 57.45% of the paid up equity capital of the company in the open
 market.
 
 -Received intimation from CITI Bank, N.A. that their client -
 Grantham A/c GMO Emerging
 Markets Fund has acquired 14,30,920 (7.39%) equity shares, of Rs.10/-
 each, of the Company.
 
 2007
 
 -Omax Autos Ltd has entered into a Memorandum of Understanding (MOU)
 with PSP Co., IRAN to set up two J.V. Companies one in India and the
 other in Iran for exploring the possibilities to expand the Business
 of manufacturing Auto Parts.
 
 2008
 
 -Omax Autos has recommended dividend @ 15% 
 
 2009
 
 - Mr. Sharad Jain has been appointed as CFO of the Company 
 
 2010
 
 -Omax Autos has recommended a final dividend of Re. 1.50/- per equity
 share of Rs. 10/- each fully paid-up (i.e. 15%)
 
 2011
 
 -Mr. Puspendra Kumar Bansal, Chartered Accountant has been appointed
 as Chief Financial Officer (CFO) of the Company
 
 -Mr. Sanjeev Kumar has been appointed as Company Secretary and
 Compliance Officer of the Company
 
 2012
 
 -Omax Autos, commercial production has been started in the new Plant
 of the Company situated at Uttarakhand
 
 -Omax Autos has recommended a final dividend of Rs. 2.00/- per equity
 share of Rs. 10/- each
 
 2013
 
 -Board has recommended a final dividend of Rs. 1.00/- per equity
 share of Rs. 10/- each.
 
 2014
 
 -Mr. Sanjeeb Kumar Subudhi has been appointed as the Company
 Secretary of the Company.
 
 2016
 
 - The Registered Office Address of the Company has been changed from
 '69 K.M. Stone, Delhi Jaipur Highway, Dharuhera, Distt. Rewari,
 Haryana - 123 016' to 'Plot No. B-26, Institutional Area, Sector 32
 Gurgaon - 122 001, Haryana.
 
 - Omax Autos Ltd. has successfully secured order for supply of
 Railway parts from Indian Railways for order value estimated between
 Rs. 90-100 Crores.