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Nitin Fire Protection Industries Ltd. Company History and Annual Growth Details

Nitin Fire Protection Industries Limited was incorporated on September 4,
1995 in the state of Maharashtra as a Public Limited Company vide
Registration Number 11-92323 and received the certificate of commencement
of business on November 3, 1995. Later on, in the year 1997, we took over
the erstwhile business of his proprietary concern "Nitin Industries" as a going
concern. Nitin Industries, was established in 1980 by Mr. Nitin M. Shah alias
Sanghavi and was engaged in the business of manufacturing fire extinguishers.

At the time of incorporation the Registered Office of our Company was
situated at 29, Vadhani Estate, L.B.S. Marg, Ghatkopar (West), Mumbai
400 086, India. However, with effect from March 2, 2006, the Registered Office
of our Company was shifted to 501, Delta, Technology Street, Hiranandani
Gardens, Powai, Mumbai 400076, India.

We are now an ISO 9001:2000 certified company. We manufacture the complete
range of portable fire fighting equipment at the factory situated at A-117, T.T.C.
Industrial Area, Khairna Village, Vashi 400 701, Maharashtra, India. The products
are approved by BIS approval and bear ISI mark.

Apart from portable fire fighting equipment, we undertake turnkey projects for
design, manufacture, install commission and supply of complete Fire detection
and suppression systems, using the latest techniques.

We have tie-ups with leading international players in fire alarm and security systems
such as Apollo Fire Detectors Limited, U.K. for fire detection equipments, AirSense
Technology Limited, U.K., for smoke detection equipments, Kerr Fire Fighting
Chemicals, U.K., for fire fighting foams and dry powder, Ceodeux Extinguisher
Valves Technology S.A., and Newtex Industries Inc., for their ZetexPlus safety
clothing, to name few.

We have in-house capabilities for designing the complete systems and have our own
team of Marketing Engineers and commissioning Engineers. These operations are
carried out from the Systems Design and Service Center situated at 29, Vadhani
Estate, L.B.S. Marg, Ghatkopar (West), Mumbai 400 086, India.

In year 2004, we ventured into the business of high pressure seamless cylinders. We
entered into a tie-up with BTIC for getting High Pressure Seamless Cylinders contract
manufactured to our specification at China, for sale in India. In the same fiscal we
also started the business of design, manufacture and supply of CNG cascades,
compressors and Dispensers. These operations are carried out at the factory situated
at A-18, MIDC, Taloja, Taloja Audhyogic Vasahat, Raigad, Maharashtra.

In April 2005, we acquired entire paid-up-capital of Alert Fire Protection
Systems Private Limited, a Company engaged in the business of Fire
detection and Alarm system, promoted by Mr. Nitin M. Shah alias Sanghavi
and Mrs. Saroj N. Shah alias Sanghavi and Eurotech Cylinders Private
Limited, a Company engaged in the business of supplying in high pressure
seamless cylinders, promoted by Mr. Kunal N. Shah alias Sanghavi and
Mrs. Dhruti R. Shah alias Sanghavi. In January 2006 we acquired Logicon
Building Systems Private Limited, a Company engaged in the business of
security solution business, and promoted Mr. Dharmendra Bavisi and Zimith
Properties Private Limited thus making them our wholly owned subsidiaries.
In October 2006, we have taken a 95% share in partnership concern Eurotech
Corporation where Mr. Kunal N. Shah alias Sanghavi is holding 5% share.
Eurotech Corporation is in the business of manufacturing of fire extinguishers,
having a plant in Parwanoo, Himachal Pradesh.

We have incorporated a wholly owned subsidiary, Nitin Cylinders Limited on
September 27, 2006, in which we now intend to manufacture High Pressure
Cylinders, Compressors and Fuel Dispensers at proposed plant at VSEZ.

Major events in the History of our Company:

Year Event

1995 Incorporation of our Company
1997 Received ISI Mark for all Fire Extinguishers and Accessories.
1998 Received a major order from Reliance Jamnagar Complex
2001 Received 2 major orders from ONGC worth Rs. 19 crores for replacement
of Ozone depletion systems at their offshore platforms.
2003 Received our first ever CNG cascade order from Indraprastha Gas Limited,
New Delhi Entered into agreement with BTIC for manufacture of cylinders
2004 Awarded Certificate of ISO 9001:2000
2005 Acquisition of Alert Fire Protection Systems Private Limited
Acquisition of Eurotech Cylinders Private Limited
2006 Acquisition of Logicon Building Systems Private Limited
Incorporation of wholly owned subsidiary Nitin Cylinders Limited
Acquisition of 95% share in Partnership Concern Eurotech Corporation
Memorandum of Understanding was signed between Nitin Cylinders Limited
and Kraus Global for technology transfer w.r.t. Compressors and Fuel
Dispensers.

2008

-Nitin Fire Protection Industries Ltd has appointed Mr. Ashish Jain as Independent Directorship of the Company with effect from January 28, 2008.

2010

- Nitin Fire Protection Industries Ltd has informed that Mr. Ramakant M. Nayak appointed as an Independent Director of the Company with effect from April 12, 2010.

-Company has splits its Face value of Shares from Rs 10 to Rs 2

2011

- Nitin Fire - License to act a Licensed Agency for the purposes of Fire Prevention and Life Safety Measures.

-Nitin Fire Protection Industries has given the Bonus in the Ratio of 5:2

2012
-Nitin Fire Protection Industries to receive LPCB approval's for Inert Gases
-Nitin Fire Protection Industries Ltd has informed that the Board of Directors of the Company has Declared dividend of Rs. 0.40 for the year ended March 31, 2012

2013
-100 % Subsidiary incorporated Firetec Systems Ltd in UK
-Nitin Fire Protection Industries Ltd has informed that the Board of Directors of the Company has Recommended dividend of Rs. 0.20 (10%) for the year ended March 31, 2013.

2014
-Listed into S&P 500 Bse Index 2014.
-Nitin Fire Protectio Board recommends Dividend of Rs. 0.20 (10%) for the year ended March 31, 2014.
-Nitin Fire Protection Industries Ltd has informed that the Board of Directors of the Company has recommended to Issue Bonus Shares in the proportion of 1 (One) bonus share for every 3 (Three) existing fully paid up equity share.
-Nitin Fire Protection Industries has announces bonus in the ratio of 1:3

2015
- Nitin Fire Protection Industries Ltd received Asia Pacific Enterpreneurship Awards 2015 India - Outstanding Category

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