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Swaraj Engines > Company History > Engines > Company History of Swaraj Engines - BSE: 500407, NSE: SWARAJENG
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Swaraj Engines

BSE: 500407|NSE: SWARAJENG|ISIN: INE277A01016|SECTOR: Engines
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Company History - Swaraj Engines
YEAR                       EVENTS  
 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.
 
 
 
 
Source : Dion Global Solutions Limited
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