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Ion Exchange (India) Ltd. Company History and Annual Growth Details

1964 - The Company was incorporated on 6th March, at Calcutta. The
Company Manufacture ion exchange resins and water treatment

- 10,000 Shares allotted without payment in cash to The Permutit
Co. Ltd., U.K.

1971 - 50,000 bonus shares issued in prop. 1:5.

1974 - 1,00,000 bonus shares issued in prop. 1:3.

1977 - Issued 2,00,600 shares at a premium of Rs 8 per share; 6,000
shares to the resident employees and directors and 1,94,600
shares to the public during February 1977.

1976 - The Company obtained a licence from the National Research &
Development Corporation (NRDC) to exploit the patent held by them
for the manufacture of Reverse Osmosis Plants.

1979 - 3,60,360 bonus shares issued in prop. 3:5.

1980 - Government approval was received for the following agreements:
(i) With Chemed Corporation, U.S.A. (a subsidiary of W.R. Grace
Co. USA) to manufacture Dearborn Chemicals for boiler and cooling
water treatment; (ii) With Norit NV of Holland for technical
back-up in the design and manufacture of Solvent recovery system;
(iii) With Portacel, Ltd., U.K., (a subsidiary of Portals Water
Treatment, Ltd.) for Clorocel electrolytic chlorinators in India.

1981 - The Company signed an agreement with Elf Aquitaine, oil company
in the French public sector, for licence to use their process of
coalescing and removing oil from water by action exchange
specially developed by them.

- Ankleshwar Ion Exchangers & Chemicals, Ltd. is a wholly owned
subsidiary was merged with the Company with effect from 1st
January. Hydranautics Membranes India Ltd. and Polyelectrolyte
India Ltd. are subsidiaries of the Company.

1982 - Test kits useful to conduct on-the-spot tests for effective plant
control were developed for sterilizing potable water.

1983 - On 25th February, manufacture of water treatment chemicals was
started at Patancheru near Hyderabad in Andhra Pradesh.

- A new company namely, Hydraulics Membranes India, Ltd. was formed
to undertake the manufacture of reverse osmosis membrane modules
and systems in collaboration with Hydranautics Water Systems
(HWS) of USA.

- Customer Service division was set up during January.

- The Permutit Co., Ltd., U.K., proposed a scheme of disinvestment
of 1,94,688 No. of equity shares of Rs 10 each. These shares
were offered at a premium of Rs 20 per share in the proportion of
1:3 to the Indian equity shareholders.

1987 - 9,82,570 shares issued in conversion of debentures in Nov. 1987.

1988 - 15,54,824 bonus shares issued in Prop. 4:5 in May 1988.

1989 - The Company in collaboration with SNF-Floerger of France set up
a joint venture for manufacture of polyelectrolytes. Subject to
necessary approvals being obtained, the Company proposed to
invest in a new company, to be incorporated in the USA, upto 50%
of the Rupee equivalent to US $ 5,00,000. The balance upto US
$ 5,00,000 was to be subscribed by Permeation Technologies Inc.,
California, set up by Ashwin Desai & his associates.

- The new Company was to promote the Company's products,
manufacture packaged and custom built water treatment units and
to act as consultants in total water management operations,
maintenance, erection of water treatment plants etc.

1992 - The Company issued 8,39,604 partly convertible debentures of Rs
180 each. Till date 8,38,755 debenture were allowed.

- Part A of 80 of the face value of each debenture was to be
converted into 2 equity shares of Rs 10 each for cash at a
premium of Rs 30 per share on 1st April, 1993. Accordingly,
16,77,510 No. of equity shares were allotted.

- Balance part 'B' of Rs 100 of the face value of each debenture
was to be redeemed at the end of 7th, 8th & 9th year from the
date of allotment of debenture i.e. 31.7.1992.

- 3,84,000 No. of equity shares of the Company were held by the
Permutit Co., Ltd., U.K. The Permutit Co., Ltd., U.K. is a
wholly owned subsidiary of Portals Holding, Ltd., U.K. The
Permutit Co., Ltd., U.K., were the Company's technical
Collaborators until May 1971.

1993 - The Company entered into a joint venture with Grace Dearborn
Inc., USA, a leading company in the water treatment chemical

1994 - A joint venture company viz. Dearborn IEI India Pvt. Ltd. was
formed with Grace Dearborn Inc. USA a leading company in the
water treatment chemicals field. The Company also entered into
collaboration agreements with Elga Ltd. UK and US Filter/Permutit
Inc. USA in the field of water treatment.

- During Oct./Nov. the Company offered 14,61,466 zero percent
secured fully convertible debentures of Rs 140 each on right
basis to the existing shareholders in the ratio of one debenture
for every four equity shares held. All were taken up. 1,46,146
debentures were issued to the employees.

- Part 'A' of Rs 50 of the debenture was converted into one equity
share at a premium of Rs 40 per share on allotment. Part 'B' of
Rs 90 was to be converted into one equity shares at a premium
of Rs 80 per share on or before 15th June 1996.

- 6,70,000 Shares allotted to the promoters on preferential basis
at price of Rs 181.75 per share. 10,00,000 shares issued to FIs.
16,07,612 shares allotted on conversion of zero percent fully
convertible debentures. 1,576 shares issued.

1995 - 1,12,200 shares issued on conversion of part A of zero percent
fully convertible debentures. 4,48,800 shares issued to warrant
holders at Rs 200 per share. 122 share issued.

1996 - 16,07,612 No. of Equity shares allotted on conversion of zero
percent FCDs (Part B).

1997 - 112,200 No. of Equity shares have been issued on conversion of
part of zero percent FCDs.

2000 - The Company has undertaken restructuring of its business. The water
solutions company has closed down four out of its 12 units over the last
one year as part of the restructuring.

-members approved to delist shares from Delhi Stock Exchange.


-Ion Exchange enters into JV with Belgium Company Fifth Element NV


- Ion Exchange India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 25, 2009, inter alia, approved the appointment of Mr. Dinesh Sharma and Mr. Aankur Patni, Directors of the Company as Executive Directors with effect from April 01, 2009.


- Ion Exchange India Ltd has informed that Mr. Shishir Tamotia has been appointed as additional director of the Company on May 24, 2010.
Oct 27, 12:00 am
Oct 27, 4:14 pm
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