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REIL Electricals India Ltd. Company History and Annual Growth Details

YEAR EVENTS
1975 - The Company was Incorporated and converted into a public limited
company on 5th March.

- The Company's object is to manufacture generators/alternators,
starter motors, voltage regulators and components thereof and
head lamps.

- The Company was promoted by Bhupinder Singh Sahney and his family
in technical and financial collaboration with Paris-Rhone S.A. of
France.

- The company entered into a technical and financial collaboration
with Paris-Rhone S.A., France under which they subscribed to
equity capital of the Company to the extent of Rs.16.50 lakhs
(28.7%). They also agreed to provide complete technical know-how
drawings, designs and technical documentation for the manufacture
of generators/alternators, starter motors and voltage regulators.

1979 - 1,65,000 shares taken up by promoters, directors etc. and
1,65,000 shares subscribed for by Paris-Rhone S.A. France.
12,500 pref. and 2,45,000 No. of equity shares offered at par to
to the public in December 1978. Pref. shares redeemable after 12
years but before 15 years from the date of allotment. 20 Pref.
and 48,350 No. of equity shares forfeited.

1983 - The Company entered into a technical collaboration with the
Paris-Rhone S.A., France, for the introduction of the latest and
most modern design of products at a new plant to be set up at
Dharuhera in Haryana.

- Government then gave its approval to the second Dharuhera plant
at Haryana in collaboration with Paris-Rhone S.A., France. It
had obtained registration from the Government of India to
manufacture motor assemblies and small motors at Haryana with the
existing collaboration of EA Marchal, France.

1987 - The Company made reference to BIFR under the Sick Industrial
Companies (Sp. Provisions) Act, 1985.

1988 - BIFR had in its hearing directed IDBI to formulate a package for
rehabilitation.

1992 - 2,00,000 No. of equity shares allotted on conversion of
unsecured loans of promoters. 12,500 shares were to be redeemed
on 15th February could not be redeemed as per company law board's
order fresh 33,125 shares allotted redeemable on 15th February,
1995.

1994 - The Company proposed to modernise and expand manufacturing
capacity and improve its R&D facilities in order to cater to the
increased demand. A new manufacturing unit was set up in
Pondicherry.

- 12,500 - 11% cumulative redeemable preference shares were to be
redeemed on 15th February, 1992 but could not be redeemed. As
per Company's Law Board's Order, fresh 33,125 - 11% cumulative
redeemable preference shares were allotted. These are to be
redeemed on 15th February 1995.

- 2,00,000 No. of equity shares issued.

2001 - Allotment of 3,00,000 cumulative non-convertible redeemable preference
shares of Rs 100 each fully-paid on private placement basis to Mr. B.S. Sahney
and family. Allot 3,87,428 No. of equity shares of Rs 10 each fully paid to the foreign
collaborator, Delco Remy America/Remy India Holdings, at a premium of Rs 34.15 per
share as per SEBI guidelines.

2008

- Company name has been changed from Remy Electricals India Ltd to REIL Electricals India Ltd.
 
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