1987 - The Company was incorporated as a Private Limited Company on July
1st, under the Companies act 1956 with its registered office at
Hyderabad. It was converted into a Public Limited Company in
terms of Special resolution dated 29th September, 1989, passed
under sections 31/44 of the companies Act 1956, on 09/11/1989.
- The company was provided technical support in their initial
endeavour by Alphageo Incorporated, a company based in Houston,
Texas in the United States of America (USA).
- Alphageo Inc. was primarily engaged in consultancy services
relating to seismic surveys and they imparted specialised
training to the company's crew with regard to conducting advanced
geo-seismic surveys in difficult terrains.
- Alphageo Inc. USA also participated in the initial equity of the
company to the extend of Rs. 24 lacs.
1994 - The Company was the pioneer in the field of Seismic Surveys in
the Private Sector. Over the years, your Company has been
executing these services for Oil India Limited.
- The Company has been awarded a Contract by Oil India Limited for
conducting 2D Seismic Data Acquisition in the states of U.P. and
- The Company is also evaluating the prospects for entering the
International arena to render Seismic Survey Services.
- The Company inform that the public issue of 17,70,700 No. of
Equity Shares of Rs.10/- each at a Premium of Rs.20/- per share
aggregating to Rs.531 lakhs.
1995 - The Company was the first Indian Company which mobilised and
commenced seismic surveys on contract to the petroleum industry
in India against all odds with a series of path-breaking
initiatives stemming from the right mix of expertise, know-how
- During the year under review, the company had placed 5,63,000
shares on private basis with TDICI, Mutual Funds and Promoters at
2000 - The Company has made preferential offer of 10,00,000 shares of Rs
10/- each at a premium to FIIs, NRIs, MFs, Domestic companies
etc. through private placement.
-Alphageo India Ltd has appointed Mr. Ashwinder Bhel, as Additional Director on the Board subject to retire by rotation to increase the stake of Independent Directors on the Board.
-Alphageo India Ltd has informed that the Board of Directors of the Company at its meeting held on February 11, 2008, has appointed Dr. Avinash Chandra, Ex-Director General of Hydrocarbons, as additional Director of the Company with effect from February 11, 2008.