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Igarashi Motors India Ltd. Company History and Annual Growth Details

CG Igarashi Motors Ltd. was incorporated as a Public Limited Company on January 10, 1992. The Company has been set up for manufacture of Permanent Magnet Micromotors. It is a joint venture between Crompton Greaves Ltd., Igarashi Electric Works Ltd., Japan and International Components Corporation, USA.


2004

-Igarashi Motors India Ltd (formerly, CG Igarashi Ltd) has bagged orders from global automotive majors such as Arvin Meritor, Bosch, Delphi, Visteon, Mikuni and Magneti Marelli.

-The Company declared Dividend of 12%.

2005

-The Company recommended a dividend of 15%

-The Name of the Company changed from CG Igarshi Motors Ltd. to Igarashi Motors India Limited and the trading symbol of the company changed from CGIGARSH to IGARASHI.

2006

-The Company Recommended a dividend of Rs 1.50 per equity share.

2007

-The Company has designated following dedicated email ID for redressal of investor grievances of the company. Email ID investorservices@igarashimotors.co.in

-The Company Declared Dividend of Rs 1.50 (i.e. @15%) per equity share of Rs 10/- each.

2008

-The Company has recommended a dividend of 15% for the year

2013

- Igarashi Motors India Ltd ("Target Company") has informed about Open Offer for acquisition of up to 7,954,036 Equity shares of Target Company of Rs. 10/- each at a price of Rs Rs. 65.00 per Offer Share aggregating to Rs. 517,012,340.00 ("Offer Size") by Agile Electric Sub Assembly Pvt Ltd ("Acquirer") together with Blackstone Capital Partners (Singapore) VI FDI Three Pte. Ltd. ("PAC1") and BFIP (Cayman) VI-ESC FDI Three Ltd ("PAC2) and Padmanaban Mukund ("PAC3" and collectively, PAC1, PAC2 and PAC3, the "PACs").

- Igarashi Motors India Ltd has allotted 7,93,700 fully paid Equity Shares of Rs.10/- each pursuant to exercise of conversion of Employee Stock Options by the allottees under ESOP Scheme 2006.

2014

- Igarashi Motors India Ltd has allotted 1,63,000 numbers of Equity Shares having face value of Rs. 10/- each to the employees of the Company (the allottee) as per ESOP Scheme 2006.

- The Company recommended a final Dividend of Rs. 2/- per share (i.e. 20%) on Equity Shares.

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