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Lakshmi Electrical Control Systems Ltd. Company History and Annual Growth Details

YEAR EVENTS
1981 - The Company was incorporated on 3rd December. It has been
promoted by Dr G K Devarajulu and D Jayavarthanavelu along with
Lakshmi Machine Works Ltd. It manufactures and deals in
electrical control systems, contractors, thermal overload relays,
etc.

- The company entered into a technical collaboration agreement with
Sprecher & Schuh AG Aarau, Switzerland, for the supply of
technical information for the manufacture and assembly of
electrical contractors. The agreement also provides for sub
licencing of the technical know-how to another Indian party on
terms to be mutually agreed upon subject to the approval of the
Government of India.

1984 - 350 No. of equity shares subscribed for by the signatories to the
Memorandum and Articles of Association. 20,000 - 13 1/2% Pref.
shares and 4,79,650 No. of equity shares were reserved and
allotted to promoters, etc. 7,20,000 No. of equity shares were
offered at par for public subscription during January 1984.

1992 - 12,00,000 Rights shares issued in Apr.-May, 1992 (prop. 1:1;
Prem. Rs 40). Another 60,000 shares issued at a prem. of Rs 40
per share (only 58,000 shares taken up).

1996 - The Company entered into an alliance with Allen Bradley India
Ltd., part of Rockwell automation for the supply of contactors,
overload relays and control relays.

2002

-Nethra Kumar appointed as Wholetime Director of Lakshmi Electrical Control.

2003

-The Company has acquired a textile spinning unit of 19,584 spindles through its newly formed subsidiary.

2005

-The Company has recommended a Dividend of Rs 4.50 per Equity Share of Rs 10/-.

2006

-The Company recommende dividend at the rate of Rs 5.00 (50%) per share on Equity Shares of Rs 10/- each

2007

-The Company has recommended a Dividend of Rs 5/- per Equity Shares of Rs 10/- each.

2008

-The Company recommended a dividend of Rs 6/- per equity share of Rs 10/- each.

2009

-The Company recommended a Dividend of Rs 2.50/- per Equity Share of Rs 10/- each.

2010

-The Company recommended a dividend of Rs. 3/- per equity share of Rs. 10/- each.

2011

-The Company recommended a dividend of Rs. 4.50/- per equity share of Rs. 10/- each.

2012

-Smt. Nethra J S Kumar has been appointed as Chairperson and Managing Director.

-The Company recommended a dividend of Rs. 5/- per equity share of Rs. 10/- each.

2013
-Lakshmi Electrical Control Systems Ltd has recommended a dividend of Rs. 2/- per equity share of Rs. 10/- each

2014
-Lakshmi Electrical Control Systems Ltd has recommended a dividend of Rs. 5/- per equity shares of Rs.10/- each

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