1985
- The company was
incorporated on 24th September 1985, and obtained the Certificate of
Business on 16th October, 1985. It manufactures &
sells engines for application other than tractors. The company has
been promoted jointly by Punjab Tractors Ltd. and Kirloskar Oil
Engines Ltd.
- Kirloskar Oil Engines,
Ltd. agreed to provide know-how, design and documentation of
products, process details, design of jigs, fixtures and
toolings etc. to the company for the manufacture of diesel
engines to be fitted in `SWARAJ' tractors manufactured by
Punjab Tractors Ltd.
- The company has set up plants for the
manufacture of 16,000 Diesel Engines per annum. This project is
based on Kirloskar know-how & technology. This is
already in commercial production.
1989
- 70 shares
subscribed for by the signatories to the memorandum of
associations. 17,99,930 shares than issued at par of which
5,50,000 shares to Punjab Tractors Ltd. (PTL) and 3,60,000 shares to
Kirloskar Oil Engines, Ltd. (KOEL) were reserved and allotted on a
firm basis. Out of the remaining 8,89,930 shares, 90,000
shares were offered to the employees (including Indian working
directors)/workers of the Company as also those of
promoter
Companies (All were
taken up). The balance 7,99,930 shares were offered for public
subscription during July, 1989. Additional 2,69,970 shares were
allotted to retain oversubscription (1,36,500 shares to PTL and
KOEL, 1,19,900 shares to public and 13,570 shares to the
employees).
1995
- The Company undertook to expand its capacity to 42,000
engines p.a. and also expansion of its existing machining
capacities for hi-tech components like connecting rods
and cylinder head to
required levels. In
addition, new capacities were planned for some more hitech components
like crank case, gear casing etc.
1996
- 20,69,970 Bonus
Equity shares issued in propn. 1:1.
2003
-Shares Acquired in the
Open Offer
2005
-Swaraj Engines has given the Bonus in the Ratio of
2:1
2008
-
Swaraj Engines Ltd has informed that Shri. V S Parthasarathy has been
co-opted as Additional Director of the Company w.e.f. January 22,
2008.
2009
-
Shri M. N. Kaushal has been co-opted as additional director of the
Company
-Swaraj Engines has
recommended a dividend of Rs 5.00 per share
2010
-Swaraj Engines have
recommended a dividend of Rs.8.00 per equity share Rs. 10/-
each
2011
-Swaraj Engines has recommended a dividend of Rs. 10.00
per share
2012
-Sh. Sudhir G. Mankad has been co-opted as Additional
Director of the Company
-Swaraj Engines
have recommended a dividend of Rs. 13.00 per share
2013
-Swaraj Engines Ltd has
recommended an equity dividend of 130% (Rs. 13 per
share).
2014
-Swaraj Engines Ltd has approved the appointment of Mr.
S. Durgashankar, Mr. Dileep C. Choksi and Ms. Neera Saggi as
Additional Directors of the Company.
2015
-54 BHP
Engine Launched in 2015
