YEAR EVENTS 1977 - The company was incorporated on 21st March and it reserved the Certificate for commencement of Business on April 1st. It was promoted by a group of technicals consisting of U.V. Patel, M.S. Aruna & J.S. Mody. The Company's plants are located at D-95, MIDC Industrial area Ahmednagar, at Taluka Khed, Dist. Pune. - The company's objects is to manufacture of closed die steel forgings. - The Company had undertaken an expansion programme for steel forgings in automobiles as well as in general engineering industry, the company had undertaken an expansion programme by selling up a new plant at Chakan near Pune with an invesment of Rs.580 lakhs. 1992 - The Company acquired assets of a sick unit in Ahmednagar from SICOM to manufacture cold forgings. The unit remained as Asian Auto Parts, a division of Ahmednagar Forgings Ltd. 1993 - The Company undertook to set up its fourth unit at Kuruli Mar Chankan in modern press forgings line. 1994 - 6,08,000 No. of equity shares allotted 15,20,000 shares were issued to the promoters in prop. 5:2. 9,12,000 No. of equity shares were issued at a prem of Rs.13 per share through a prospectus during January 1992 of which 45,600 shares issued to employees (all were taken up). Balance 8,66,400 shares issued to the public. 1996 - 9,60,000 No. of equity shares at a prem. of Rs.165 per share to Financial Institution on private placement basis in March 1995. Another 40,00,000 shares issued as bonus shares on 26.5.1995 in prop. 1:1. 1997 - Two presses were commissioned and the third one was to be commissioned soon. 2004 -Ahmednagar Forgings Ltd has informed that the equity shares of the company have been delisted from Pune Stock Exchange Limited wef January 16, 2004. 2005 -Ahmednagar Forgings has given the Bonus in the Ratio of 2:1 2006 -Honda award for QCDDM (Machining). 2007 -JCB Best Supplier award-2007. 2008 -UK Trade & Investment india Business Awards. 2009 -FIAT Best performance in Quality & Delivery. 2011 -Ms. Divya Pandita has joined the Company as Company Secretary in place of Mr. Prabhjot Singh Ahluwalia. Henceforth Ms. Divya Pandita will act as compliance officer of the Company. 2012 -Swati Ahuja has been appointed as Company Secretary of the Company. Henceforth Ms. Swati Ahuja will act as compliance officer of the Company. 2013 -Ahmednagar Forgings Ltd has has approved the Recommendation of dividend to its Equity shareholders @ 10% i.e. Rs.1 per Equity Share. 2014 -Ahmednagar Forgings Ltd has approved the Recommendation of dividend to its equity shareholders @ 10% i.e. Re. 1 per equity share. 2015 -The Company has changed its name from Ahmednagar Forgings Ltd to Metalyst Forgings Ltd. |