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Sika Interplant Systems Ltd. Company History and Annual Growth Details

1985

-Sika Interplant Systems Ltd was incorporated as an engineering company.

2005

-The Company has recommended the declaration of dividend @ 6% for the year.

2006

-The company had decided to acquire all the undertakings of Spaceciti Projects by amalgamating Spaceciti Projects with the company, with effect from April 01, 2006.

- The board of directors of the company had adopted a fair exchange ratio of 1:26 for the amalgamation.

2007

-The board of the company had approved scheme of amalgamation of M/s. Spaceciti Projects Pvt Ltd with the company.

-The company had allotted 26,00,000 equity shares of Rs 10 each to the shareholders of M/s. Spaceciti Projects Pvt Ltd (SPPL) as per the scheme of amalgamation.

-Board of Directors of the company had approved the formation of a Joint Venture (JV) in India with Maccon GmbH, Germany for design, develop and manufacture Motion Control and Servo Systems for aerospace, automotive industry.

-Board of the company had also approved the investment of 51% equity in the joint venture.
-The Company has recommended declaration of dividend @ 6% for the year.

208

-The Company has recommended declaration of dividend @ 6%.

2009

--The Company has recommended declaration of dividend @ 6%.

2010

-The Company has obtained Financial closure for upgradation and expansion of its facilities at Bangalore for Design, Supply, certification and MRO for Aerospace & Defence at Bangalore.

2011

-The Company has recommended declaration of dividend @ 6%.

2012

-The Company recommende dividend of Rs. 0.60 net of tax per equity share

2013

-Board has recommended a dividend of Rs.0.60per share (i.e.6%).

2014

-Sika Interplant has bagged orders worth Rs 24 crore.

-Mr. S. Santhanam has been appointed as a Additional Director of the Company.

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