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Wheels India Ltd.

BSE: 590073 | NSE: WHEELS |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE715A01015 | SECTOR: Auto Ancillaries

BSE Live

Jun 04, 09:32
466.25 38.65 (9.04%)
Volume
AVERAGE VOLUME
5-Day
1,010
10-Day
634
30-Day
440
1,201,724
  • Prev. Close

    427.60

  • Open Price

    439.60

  • Bid Price (Qty.)

    466.25 (27)

  • Offer Price (Qty.)

    468.00 (1)

NSE Live

Jun 04, 09:32
467.00 36.45 (8.47%)
Volume
AVERAGE VOLUME
5-Day
9,588
10-Day
5,550
30-Day
3,852
12,641
  • Prev. Close

    430.55

  • Open Price

    443.00

  • Bid Price (Qty.)

    467.00 (27)

  • Offer Price (Qty.)

    468.45 (22)

Company History - Wheels India
YEAR                       EVENTS
 1960 - The Company entered into a technical aid agreement with
 Dunlop
        Rim & Wheel Co. Ltd., (now a division of Dunlop Ltd., U.K.),
 on
        27th June, for the supply of technical know-how for a period
 of
        20 years for the manufacture of wheels.
 
 1961 - The Company was incorporated on 28th March at Tamilnadu.  The
        main objects of the company are to manufacture wheels and
 rims,
        components and accessories thereof and to carry on the
 business
        of iron and steel foundres and foundres of non-ferrous
 metals.
 
 1974 - 30,225 shares issued without payment in cash and 42,321
 shares
        issued as bonus.  54,567 shares held by T.V. Sundaram Iyengar
 &
        Sons, Ltd., 24,807 shares by Southern Roadways, Ltd., 17,181
        shares by Sundaram Finances, Ltd., and 7,87,660 shares by
 Dunlop
        Holdings, Ltd., U.K.
 
 1975 - Shares of Rs.100 each subdivided into shares of Rs.10 each.
        4,40,000 shares offered to the public at prem. of Rs.1.50 per
        share during June.
 
 1978 - 250 shares forfeited.  These shares were re-allotted to
 certain
        existing shareholders.
 
 1981 - The Company received a letter of intent for the manufacture of
 
        air suspension system for commercial vehicles.  The company
        entered into a technical agreement with Dunlop Rim & Wheel
 Co.
        Ltd., in U.K.
 
      - 10,96,605 Bonus shares issued in prop. 1:2.
 
 1983 - The Company received a letter of intent for setting up a
 second
        wheel manufacturing unit at Rampur, U.P. with a capacity of
        6,00,000 wheels per annum.
 
 1984 - The Company issued 3,00,000-15% secured non-convertible
        debentures of Rs.100 each as rights to the existing
 shareholders
        for working capital requirements.
 
 1987 - The Company issued 2,00,000-15% secured non-convertible
        debentures of Rs.100 each to the financial institutions on
        private placement basis.
 
      - The objects of the public issue of capital in June were to
 reduce
        the foreign shareholding in the Company and to raise a part
 of
        the resources required for the expansion project.  These    
        debentures will be redeemed in 5 equal instalments on the
 expiry
        of 6th, 7th, 8th and 9th year from the date of allotment,
 i.e.,
        15th April.
 
      - The Company was a joint venture of T.V. Sundaram Iyengar &
 Sons
        Ltd., Madurai and Dunlop Ltd., U.K.
 
      - Dunlop Holdings Ltd., U.K., hold 17,72,235 shares in the
 Company
        representing about 35.91% of the paid-up capital of the
 Company.
 
 1988 - 16,44,907 bonus equity shares issued in prop. 1:2.
 
 1991 - 3,00,000-15% secured non-convertible debentures of Rs.100
 each
        were redeemed in full at a premium of 5% on 7th August.
 
 1997
 
 
 1998
 
 -Icra has assigned A1+ and  A1 ratings to the proposed commercial
 paper issue of two TVS group companies
 
 1999
 
 -TITAN Europe Ltd  a subsidiary of Titan Wheel International Inc  USA
  replaces BTR Plc as the new foreign collaborator
 
 2000 - ICRA has assigned an `A+' rating to the enhanced commercial
 paper
             programme of Rs 40 crores of the company.
 
           - Mr. Srivats Ram has been appointed Director of the
 company effective
             October 1.
 
 2002
 
 -Co-opted  Mr. T K Seshadri, Advocate as Non Executive, Independent
 Additional Director
 
 - T S Santhanam, Chairman has resigned from the Board w.e.f. October
 30, 2002. and 
 Mr. S Ram was elected unanimously as the Chairman of the BOD by the
 Board
 
 2003
 
 -The Company has declared interim dividend of 28%.
 
 2004
 
 -Credit rating agency ICRA has reaffirmed A1 plus rating.
 
 -Appointment of DirectorsMr. T S Vijayaraghavan and Mr. S Prasad, as
 Non-Executive, Independent, Additional Director
 
 2005
 
 -Mr. Srivats Ram, Executive Director has been appointed as Joint
 Managing Director.
 
 2006
 
 -A new factory at Uttaranchal for manufacture of wheels for passenger
 cars / utility vehicles and agricultural tractors.
 
 2007
 
 -The Company's new plant for manufacture of wheels for Earth Moving &
 Construction Equipment at Sriperumbudur, Chennai was inaugurated.
 
 2008
 
 -The Company and Sundaram Finance Ltd will hold a stake of 49% each
 in the paid-up capital of Sundaram Hydraulics Ltd.
 
 2009
 
 -Wheels India Ltd, is entering the power sector.
 
 2010
 
 -The Company have recommended a dividend of Rs. 4.50 per share.
 
 -All India Organisation of Employers' (AIOE), an allied body of
 Federation of Indian Chambers of Commerce and Industry (FICCI) Award
 for Outstanding Industrial Relations
 
 2011
 
 -The Company have recommended a dividend of Rs. 6.50 per share.
 
 2012 
 
 -The Company have recommended a final dividend of Rs.6/- (60%) per
 equity share.
 
 2013
 
 -Wheels India inks deal with Turkey-based EGE Endustri.
 
 -Wheel and Tyre Assembly at Bidadi has bagged Best Eco Awareness OSS
 Award.
 
 2014
 
 -Wheels India Limited wins the prestigious CV auto component of the
 year Award.
 -Wheels India has announced  Rights in the Ratio of  51:20