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Lumax Industries Ltd. Company History and Annual Growth Details

YEAR EVENTS
1981 - The Company was incorporated on 10th December, in New Delhi and
converted into a public limited company on 26th March, 1984. The
Company manufacture of whole range of lighting equipment
including head lights, fog lights, sealed beams, rear lights,
blinker lights, rear view, mirrors, sheet metal components and a
wide range of auto ancillaries such as filters, switchers, wiper
arms/blades, plastic components & reflex reflectors.

- The company entered into a foreign collaboration with Stanley
Electric Ltd (Japan) for acquiring rights & licence to
manufacture & sell lighting equipment under SECL's patents.

- The Company had obtained DGTD registration to manufacture
additional 10,00,000 head lights for automobiles at Faridabad.
It was also proposed to taken up modernisation of the New Delhi
and Pune units.

- 22,000 shares taken up by promoters, directors, etc. 1,000
shares allotted without payment in cash.

1984 - Shares fully paid-up. 1,49,500 bonus shares issued in prop.
13:20 on 3-1-1985. 5,70,000 No. of equity shares of Rs 10 each
(prem. Rs.1) offered to the public in February 1985.

1991 - The Laser Lamps (Haryana) Ltd., became a subsidiary of the
Company.

- 9,49,500 bonus shares issued in prop. 1:1 on 5-4-1991.

1993 - The Laser (Haryana) Ltd. Promoted by the Company made its first
public issue in January.

- The Company was advised to change the scheme of funding the
proposed expansion and modernisation programme in view of the
changed scenario in the capital market.

- The Company undertook an expansion cum modernisation programme of
the existing plants.

- The Company jointly with Haryana State Industrial Development
Corporation (HSIDC) promoted a new company under the name and
style Laser Lamps (Haryana) Ltd., for the manufacture of auto
bulbs and head lights in Gurgaon district.

1994 - The Company entered into an agreement with M/s. Stanley Electric
Co. Ltd., Japan. As per this agreement M/s. Stanley & its
subsidiary were allotted 7,50,000 No. of equity shares at a
premium of Rs 64 per share.

1995 - The Company are happy to inform that the Gurgaon plant of the
Company has received ISO 9002 Certification for having
established quality system for Automotive Lighting Equipments and
Roar View Mirrors. The Company is one of the first in India in
getting this coveted certification in Auto Ancillary Industry.

1996 - The Company proposed to build a state-of-the-art manufacturing
facility at Dharuhera, Haryana to tap the emerging market of the
new generation vehicles to be launched in India. The company set
up a new plant at Aurangabad.

- The Company proposed to enter joint ventures and/or technical
collaboration agreements with world leaders in each field. It
also proposed to diversify into manufacture of components
related to its existing range.

1997 - Lumax Industries, the largest manufacturer of illuminating
automotive parts in the country, has firmed-up three joint
ventures and a technical agreement as a part of its
diversification plan.

- Lumax industries has entered into a tie-up with Hyundai of Korea
to set up a 49:51 joint venture for manufacture of lighting
systems.

- Lumax is setting up a Rs.30-crore greenfield unit at Dharuhera
to produce lighting systems for new generation cars like Uno,
Maruti 800CC, Telco's Safari and Mini car and Kinetic Honda.

1998 - The Company issued 7,50,000 Equity Shares of Rs. 10/- each fully
paid up to the Collaborators of the company, M/s Stanley Electric
Co. Ltd., Japan.

- Lumax Industries Ltd is offering its Japanese collaborator
Stanley Electric Company, an additional two and a half lakh
equity shares on a preferential basis to help maintain its
holding at 20 per cent.

1999 - Lumax Industries has diluted its stake in its auto component
joint venture with Hyundai Corporation and Samlip Industrial Co
of Korea by 15 per cent owing to liquidity problems.

- The company has promoted two Joint Venture Companies with foreign
collaboration, namely Lumax Samlip Industries Limited (other
Promoters being Samlip Industrial Co. Ltd. and Hyundai
Corporation, Korea) and Lumax GHSP Industries Ltd (other promoter
being M/s GHSP, USA).

2000 - Samlip Industrial Co, South Korea has hiked its equity stake in
its Indian joint venture, Lumax Samlip Industries, from the
present 45 per cent to 63 per cent.

- Lumax Industries has entered into a technical agreement with
Poong Jeong Industrial Company, a large supplier of such mirrors
for Hyundai in Korea.

- The Company issue equity shares not exceeding 25 lakhs of Rs. 10
each on preferential basis to FIs/ FIIs/ collaborators customers
and other Indian/overseas body corproates etc. out of which
12,19,500 equity shares of Rs. 10 each is for subscription to
IL&FS Trust Company Ltd.

2003 - Executive Directors have resigned from the Board and their resignation have been accepted in the Board Meeting. 1) Mr. U K Jain, Executive Director (Indian Promoter Director); 2) Mr. S Watanabe, Executive Director (Foreign Promoter Director).
 
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