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Schrader Duncan Ltd. Company History and Annual Growth Details

1961 - The Company was incorporated on 29th March, at Calcutta. The
Company was formed as a result of Collaboration between Scovill
Manufacturing Company USA and the Well-known agency house of
Duncan Brothers & Co. Ltd. The Main object of the Company is to
manufacture tyre tube valves and other allied products.

1962 - 90,972 shares to promoters etc. and 1,75,000 shares to
collaborators. 84,028 shares offered at par to the public in
October 1961.

1968 - 35,000 bonus shares issued in prop. 1:10.

1971 - 77,000 bonus shares issued in prop. 1:5.

1975 - Associated Polymers Ltd. became a subsidiary of the Company
effective from 22nd November.

- 4,62,000 bonus shares issued in prop. 1:1.

1991 - The name of the company was changed to Schrader Duncan Ltd., from
Schrader-Scovill Duncan Ltd.

1993 - 9,24,000 bonus shares issued in prop. 1:1.

1995 - 18,48,000 bonus equity shares allotted in the ratio of 1:1.

1996 - In April, the collaborators of the Company Schrader Automotive
Inc. USA merged with Bridge Products, Inc. USA a designer and
manufacturer of highly engineered componentry for original
equipment automotive and Industrial fluid systems and a
manufacturer and distributor of wheel care products and pneumatic
accessories. With this merger the company was explosing
opportunities for expanding and diversifying its product lines.

- The Company commenced an additional facility for manufacturing
Schrader Bellows Pneumatic products in Nasik.

- Automotive division proposed to diversify into new products such
as Natural Rubber Valves and Patches.


-Schrader Duncan Ltd has appointed Mr. Ravi Swaminathan as Managing Director of the Company effective February 01, 2008 and took note that Mr. A L Narasimhan, the present Managing Director is due to retire on April 03, 2008.
Oct 21, 12:00 am
Oct 21, 4:14 pm
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