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KSB Pumps Ltd. Company History and Annual Growth Details

1960 - The company was incorporated. The Company was promoted by Lein,
Schanzlin & Becker A.G., West Germany, Industrial & Prudential
Investment Co. Ltd., Mumbai and Mr. F.K. Heller, an expatriate
German national. The Company manufacture power driven process
pumps for use in the fertiliser, chemical and petrochemical
industries and pumps for nuclear power stations.

1971 - 20,000 Right shares issued at par. 10,000 shares on 25.2.1964 in
prop. 1:2 and 10,000 shares on 8.6.1970 in prop. 1:3.

1972 - 10,000 Bonus shares issued in prop. 1:4.

1977 - The project for the manufacture of nuclear power pumps was to be
set up in the MIDC Industrial Area in Pimpri-Bosari. The Company
took up a new project for the manufacture of 4' submersible pumps
and valves at Coimbatore. A technical collaboration agreement
was signed with VELAN inc., Montreal, Canada for this purpose and
ICICI sanctioned term loans of Rs 640 lakhs.

- After the issue of capital to the public during August, the
shareholding in the Company of Canadian Kay Pump Ltd., of
Toronto, Canada which is the holding company for certain overseas
manufacturing companies associated with KSB, Germany stood
reduced from 65% to 51.3%.

- Shares subdivided in June. 2,50,000 Bonus shares issued in prop.
1:2. 2,00,000 shares offered to the public in August 1977 (prem.
Rs 7.50 per share).

1981 - The Company issued on 7th October, to its shareholders 1,66,707
- 13.5% 9-year secured convertible debentures of Rs 75 each for a
total amount of Rs 1,25,03,025 on rights basis. The allotment
was made on 12th January, 1982.

- 45,000 shares issued (prem. Rs 3.50 per share) to LIC on
conversion of loans. 46,837 shares issued (prem. Rs 3.50 per
share) to Canadian Kay Pump, Ltd., Canada.

1982 - 9,66,835 Bonus shares issued in prop. 4:5 in January 1983.

1983 - In terms of the convertible debentures 20% of the face value of
each debenture (Rs 15 was converted into one fully paid equity
share of Rs 10 each at a premium of Rs 5 per share) on 12th

- Grade-O-Castings Ltd., is a subsidiary of the Company.

1988 - The Company entered into a long term agreement with Nuclear Power
Corporation of India Ltd., for the manufacture of bigger pumps
for nuclear power station.

- 21,75,379 Bonus shares issued in prop. 1:1.

1989 - 43,50,758 Bonus Equity shares issued in prop. 1:1.

1996 - 87,01,516 No. of equity shares issued as bonus in prop. 1:1.


-Mumbai High court sanctions the scheme of amalgamation of Grade-O-castings Ltd with the company.


-M/s Paharpur Cooling Towers Ltd acquired 74964 ie., 0.43% equity shares of the company by Inter Se Transfer Mode.

-Specified Undertaking of the UTI has sold 4,72,220 shares amounting to 2.71%.

-Declares interim dividend @ 10% on equity shares of Rs.10 fully paid up.

- Unit Trust of India has sold 4,72,220 shares amounting to 2.7139% of KSB Pumps Limited


-KSB Pumps Ltd has informed that Mr. Heinz-Jurgen Otto has been appointed as a Non-executive Director of the Company.


- Ksb Pumps Ltd. has appointed Dr. Wolfgang Schmitt as a non-executive director of the Company.


-KSB Pumps Ltd has appointed Mr. Pradip Shah as a director of the Company.
Oct 26, 2:45 pm
Oct 26, 2:39 pm
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