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Shivalik Bimetal Controls Ltd. Company History and Annual Growth Details

Shivalik Bimetal Controls Ltd. (SBCL) was incorporated on 18 June 1984 and converted into a Public Limited company on 14 February, 1985 with the purpose of setting up manufacturing facilities for Thermostatic Bimetal Strips. This was the first plant in Asia outside Japan to undertake manufacture of this sophisticated item. The plant is located at Chambaghat, District Solan, Himachal Pradesh.

The cost of setting up the project was part financed through a term loan from a consortium consisting of Industrial Finance Corporation of India Ltd. (IFCI), Industrial Credit and Investment Corporation of India Ltd.
(ICICI) and Industrial Development Bank of India Ltd. (IDBI) with IFCI in the lead.

The Company has established itself as the largest manufacturer of Thermostatic Bimetal Strips in India. The Company's market share in the production of Thermostatic Bimetal Strips is above 65%. The Company also manufactures components which use thermostatic bimetal strips.

In the existing unit, a new High Precision Rolling Mill and other equipments have been added. This has increased the roiling capacity substantially. The Directors are pleased to report that the Mill has started its commercial production on 29th May, 1997.

New Industrial Undertaking (Unit-II) :

The company has set up a New Industrial Undertaking called Shivalik
Bimetal Controls Ltd. - Unit-II in Himachal Pradesh, for manufacture of bimetallic and other components. The setting up of the Unit-II in Backward Industrial Area has been approved by the State Government and
other concerned authorities. This unit has commenced commercial production on 30th June, 1997.

2005

-Shivalik Bimetal Controls has given the Bonus in the Ratio of 1:1

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

2006

- The Board of Directors have declared interim dividend @ 12.50% on Equity Shares for the financial year ending.

2007

- The Board of Directors have declared an interim dividend @ 12.50% on paid up Equity Share Capital of the Company for the financial year ending.

2008

- The Board of Directors have Declared Interim Dividend @ 15% on Paid up Equity Shares for the financial year ending.

- The Company joined hands with ArcelorMittal Stainless & Nickel Alloys of France and DNick Holding plc on behalf of Auerhammer Metallwerk GmbH of Germany to form a new venture to manufacture & market clad metal products across the world.

2009

- The Board of Directors have declared Interim Dividend @ Re. 0.20 per Equity Share or 10.00% on Paid up Capital for the Financial Year ended.

2011

- The Board of Directors have declared Interim Dividend @ Re. 0.20 per Equity Share or 10 (Ten) on Paid up Capital for the financial year ended.

- The Board of Directors have declared 2nd Interim Dividend @ Re. 0.20 per Equity Share on 10% on Paid-up Capital for the financial year ended.

2013

-Capt. Jitender Singh Mann and Lieutenant General pradeep Khanna has been appointed as a additional Directors of the company.

-Mr. S. S. Sandhu has been appointed as a Chairman and Whole time Director of the Company.

2014

-Mrs. Harpreet Kaur has been appointed as a Independent Women Director of the company.

2017
-The Company has issued Bonus Shares in the Ratio of 1:1.

2022

-The Company has issued Bonus Shares in the Ratio of 1:2.

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