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Fluidomat Ltd. Company History and Annual Growth Details

The company was incorporated as a private limited company in the name of Fluidomate Pvt. Ltd. on 11-12-1975. Name was changed to Fluidomat Ltd. on 21-3-1980. A fresh certificate of incorporation was issued on 24-10-1985 consequent to the change of name. The company took over the running business of Hydrodymnamic Equipments with effect from 1-10-1982. The consideration paid to other partners for their share was Rs 5793. The machinery and equipments were shifted to the factory at Dewas.

The company was promoted by Ashok Jain, Dr. V K Sankahala and D K Kemkar.

The company is engaged in the manufacture of fluid couplings and flexible couplings. The facilities are situated at Dewas, Madhya Pradesh. The unit was set up with an installed capacity of 1500 couplings for manufacturing of a limited range of couplings (11 models).

2001 - The Company has signed an agreement with CDSL for dematerialisation.

2002-B K Chakravarti appointed as nominee Director by IFCI in the Board of Fluidomat.

-Fluidomat Ltd has informed BSE that Shri Vineet Chopra, the Company Secretary of the Company has resigned on October 15, 2002.

2003-1. Allotment of 471000 fully paid up equity share of Rs 10/- each to IFCI Ltd on preferential basis in terms of restructuring of Term Loan Liabilities

2. Allotment of 30900 fully paid up 10% Redeemable Preference Shares of Rs 100 each to IFCI Ltd on preferential basis in terms of restructuring of Term Loan Liabilities

3. Allotment of 64300 fully paid up 10% Optionally Fully Convertible Debentures of Rs 100 to IFCI Ltd on preferential basis in terms of restructuring of Term Loan liabilities.

2007

-Fluidomat Ltd has appointed Shri. Kunal Jain as an Additional Director as well as the whole time directors of the Company w.e.f. May 01, 2007.

2008

-Fluidomat Ltd has accepted appointment of Shri. Jagdish Garwal as the nominee director of IFCI Ltd. In place of Shri. A K Sinha w.e.f. May 31, 2008.
 
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