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Grauer & Weil (India) Ltd. Company History and Annual Growth Details

YEAR EVENTS
1957 - The Company was incorporated and converted into Public Limited
Company on 2nd January, 1961. It manufactures electroplating
salts and chemicals, buffing and polishing compositions &
finished mops polishing, finishing mops, wheels, anodising
plating & polishing plants, Equipments and accessories.

1970 - 47,500 shares issued to directors, etc., 82,500 Pref. and
1,20,000 No. of equity shares offered to the public. Arrears
Rs 5,750.

1971 - Arrears: Rs.12,875.

1972 - 400 No. of equity shares forfeited in 1972 and reissued in 1973.

1982 - 28,000 Pref. shares redeemed. Dividend on 54,500 Pref. shares
increased from 9.5% to 13.5% from 12.9.1982 and redemption date
extended to 12.9.1989.

1985 - Div. on Pref. shares further increased to 15% effective from
18.5.1984. 1,27,700 bonus equity shares issued in prop. 1:2.

1986 - The Company entered into technical collaboration agreement with
Hans Hollumuller Machineuban GmbH and Co. of West Germany for
manufacture of wet processing plants for printed circuit boards.

1983 - The Company set up the unit for manufacture of intermediates for
metal finishing industry production was started from the middle
of February.

1989 - 54,500-15% Pref. shares redeemed at par on 11.9.1989.

1990 - 3,83,100 Bonus Equity shares allotted in prop. 1:1.

1991 - During the year marketing of electro-industrial inks, that find
application in Printed Circuit Boards, was undertaken.

1992 - During September, the Company offered 7,66,200-12.5% secured
fully convertible debentures of Rs 100 each on Rights basis in
the prop. 1 deb.: 1 equity shares held (all were taken up).

- Simultaneously another 38,300-12.5% debentures were issued to the
employees' on an equitable basis (only 38,150 debentures taken
up).

- Each debenture was converted into one equity share of Rs 10 each
at a premium of Rs 90 per share on the expiry of 6 months from
the date of allotment of debentures.

1993 - New products were introduced for use by the steel industry,
particularly in cold rolling and Galvanizing Operations which
were well accepted in the market.

- 8,02,996 shares allotted at a prem. Rs.90 per share in conversion
of 12.5% debentures.

1994 - The Company entered into a collaboration agreement with M/s.
Union Inks & Graphics Pte. Ltd., Singapore for manufacture of
Electro Chemical & other speciality inks.

- 834 shares allotted out of 12.5% debentures.

1995 - The Company entered technology transfer agreement with M/s.
Enthone-OMI Inc., USA for the manufacture of speciality
chemicals, processes and additives for use in precious metal
plating.

- Another technology transfer agreement was entered with M/s.
Aucos of Germany for state of the art automation system for
electroplating plants.

- One more technology-cum-distribution agreement was entered with
M/s. Kabushiki Kaisha Nippon Dacro Shamrock, Japan for
Dacrotizing process, a new technology in the field of metal
finishing for automobile industry.

- A joint venture agreement was entered into with M/s. Goema GmbH,
Germany to set up a new Company viz. `Growel-Goema (India)
Private Ltd.' to manufacture and market effluent treatment plants
and metal recovery system. Under the said agreement the Company
would manufacture most of the equipments to be marketed by the
joint venture Company.

- 1,35,000 No. of Equity shares allotted to erstwhile shareholders
of Growl Chromates Pvt. Ltd. on amalgamation.

1996 - Effective 1st January, Growel Chromates Pvt. Ltd. was amalgamated
with the Company. As per the the Scheme of Amalgamation 1,35,000
No. of Equity shares of Rs 10 each of the Company would be
allotted to the shareholders of erstwhile Growel Chromates Pvt.
Ltd.

- Poona Bottling Co., Ltd. is a subsidiary of the Company.

1997 - The Company's turnover declined to Rs.65.79 crores due to
industrial recession coupled with increasing competition.

1998 - The Company's turnover declined to Rs.59.52 crores due to
industrial recession.

1999 - New products were introduced in the market specifically in Nickel and Chrome
plating processes by offering advance technological products to match
international quality for domestic and export markets.

2000 - Grauer & Weil (India) Ltd.'s board has proposed issue of bonus shares in
the ratio of one equity share for every share held.

2005

-Grauer & Weil (India) has given the Bonus in the Ratio of 1:4

2011

-Company has splits its Face value of Shares from Rs 10 to Re 1

2012

-Grauer & Weil India Ltd has declared Dividend @ 0.15 paise per equity share of Re. 1/- each (i.e. @ 15%).

-Mr. Vinod Haritwal has been appointed as CEO & Director of the Company

2013

- Board has recommended a Dividend of 12% i.e. Re. 0.12 paise per equity share of Re. 1/- each.

2014

- The Company has appointed Ms. Aarti Sunil Shah as a Director of the Company .

2016
-Lions Precious CSR Award 2016

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