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Birla Cable Ltd. Company History and Annual Growth Details

1992 - The Company was incorporated as a Public Limited Company on June
30, and obtained the certificate for commencement of business on
January 8. The Company manufacture optical fibre cables. It was
promoted by Ms. Priyamvada Birla.

- The Company undertook to set up a project for manufacture of
4,000 cable kilometres p.a. of optical fibre cables in technical
and financial collaboration with Ericsson Cables AB Sweden.

1993 - 9 equity shares of Rs 10 each subscribed for by signatories to
the Memorandum of Association. 249,99,991 shares of Rs 10 each
were to be issued for cash at par as follows: As on firm
allotment basis: (i) 75,00,000 shares to Ericsson Cables AB,
Sweden; (ii) 87,49,991 to promoters, Indian promoter companies,
their friends and associates; (iii) 27,50,000 shares each to
Universal Cables Ltd. & Vindhya Telecoms Ltd., (iv) 7,50,000
shares to Punjab Produce & Trading Co. Ltd.; (v) 5,00,000 shares
to East India Investment Co. Pvt. Ltd.; (vi) 7,50,000 shares to
Hindustan Medical Institution; (vii) 12,49,991 shares to
directors of the Company, their friends and associates; (viii)
4,37,500 shares to IDBL. Of the remaining, the following were
issued on preferential basis. 4,37,500 shares to employees of
the Company and promoters Company (only 4,21,600 shares taken up)
8,75,000 shares to resident Indian shareholders (all were taken
up). Balance 70,00,000 shares along with 15,900 shares not taken
up by employees' were issued to the public (all were taken up).

1995 - 50,00,000 No. of Equity shares allotted on Rights basis prop.
1:5, (Prem. Rs 40).

1996 - The Company entered into an agreement with Ericsson Cables AB,
Sweden, for technical know-how, assistance in selection of plant,
machinery and raw materials, assistance for start-up etc.

-Mr. D. R. Bansal re-appointed as Managing Director of the Company


-Delist from Madhya Pradesh Stock Exchanges w.e.f. August 05, 2004.

-Delist equity shares from the Calcutta Stock Exchange Association Ltd (CSE) with effect from March 04, 2005.


-Birla Ericsson Optical Ltd has appointed Mr. Dinesh Kumar Sonthalia, Dy. General Manager (Commercial) as whole time Company Secretary & Compliance Officer of the Company with effect from May 23, 2007.

-Birla Ericsson Optical Ltd has appointed Mr. H V Lodha as a Director of the Company.


-Birla Ericsson Optical Ltd has appointed Mr. S K Daga and Mr. Dinesh Chanda as alternate Director(s) to act for Mr. Janne Sjoden and Mr. Magnus Kreuger respectively during their absence with effect from February 07, 2008.


- Birla Ericsson Optical Ltd has informed that Board of Directors of the Company at its meeting held on January 29, 2009 has appointed Mr. Harsh V. Lodha as Chairman of the Company.

- Birla Ericsson Optical Ltd has appointed Mr. K. Raghuraman as Director of the Company.


- Birla Ericsson Optical Ltd has re-appointed Mr. D. R. Bansal as Managing Director of the Company for a further period of 3(three) years with effect from August 08, 2010, subject to the approval of the shareholders in the General Meeting.

- Birla Ericsson Optical Limited has appointed Mr. Dinesh Chanda (DIN- 00939978 and PAN- ABZPC9841R), as alternate Director to act for Mr. Magnus Kreuger during his absence with effect from June 12, 2010
Oct 28, 5:50 pm
Oct 28, 5:59 pm
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