YEAR EVENTS 1965 - The Company was incorporated on 15th May at Mumbai. The main object of the Company is to manufacture various types of high tension transformers. 1967 - 12,167 shares issued to Emco Electrical (P) Ltd., without payment in cash 5,959 shares issued to collaborators against supply of plant and machinery. 12,000 shares issued to the public in August. 1973 - 10 No. of Equity shares forfeited for non-payment of calls. 1976 - 1 forfeited share reissued. 14,880 Bonus shares issued in prop. of 1:2 in November 1977. 1979 - With effect from 1st July, Emco Esta Capacitors Ltd.(EECL) was amalgamated with the Company. As per the Scheme of Amalgamation, the Company allotted one equity share of Rs.100 each for every two shares of EECL. Likewise, one 11% cumulative redeemable preference share of the Company was to be allotted for every one preference share of EECL. 1980 - 4,495-11% pref. and 3,873 No. of Equity shares allotted without payment in cash to members of Emco Esta Capacitors, Ltd. on its merger. Rs.33.33 from each pref. share redeemed on 13th May 1981. 1982 - The balance from each pref. share redeemed in two instalments in September and December. 1983 - There was labour unrest from March to June which compelled the Company to declare a lockout from 1st July. The lock-out in the transformer division was lifted from 26th July, and there was hardly any production till the end of September 1984. 1985 - Sales declined marginally to Rs.2.30 crores and the Company's operations resulted in a loss. - The Company revalued its fixed assets and the surplus of Rs.178.07 lakhs arising out of this was credited to revaluation reserve. 1986 - The Company entered into a technical collaboration agreement with General Electric Co., U.S.A. for manufacture of voltage regulators. - Also, Government approval was received for extension of the technical collaboration agreement for various types of transformers, for a further period of 5 years. - Palanpur Engineering and Fabrications Pvt. Ltd. was promoted as subsidiary of the Company. 1987 - The Company proposed to upgrade their technology under the scheme announced by the Government of India. 1990 - All steps were taken to implement the modernisation and technology upgradation programme. 1991 - Equity shares sub-divided. Authorised capital increased. 1992 - The Company implemented and commissioned the modernisation and technology upgradation project. - The Companies collaborators are BBC-Sacheron SA, Switzerland, Ferranti, Ltd., U.K. and Ero Starkstorm, Kondensatoren GmbH, West Germany. 1993 - The Company made an issue of 3,52,941 shares of Rs.10 each at a premium of Rs.75 per share aggregating to Rs.300 lacs. Out of this, 3,39,654 Right Equity shares issued (prem. Rs.75 per share, prop. 7:10). Another 4,250 No. of equity shares allotted to employees (prem. Rs.75 per share). 1995 - The Company entered into a technical and Financial collaboration with ABB for 30 years. - During March/April, the company offered 10,59,124-10% secured redeemable partly convertible debentures of Rs 355 each on right basis to the existing shareholders in the ratio of IPCD: 1 equity share. All were taken up. - Part `A' of Rs 230 was to be automatically converted into 2 equity share at a premium of Rs 105 per share on allotment. Part `B' of Rs 125 was to be redeemed at the end of 5th year from the date of allotment. - 21,18,248 shares issued on conversion of part `A' of PCD. 1996 - The Company commissioned its largest transformer of 200 MVA/220 KV for MSEB. - The Company is one of the market leaders in 132 kV voltage segment. The Company is also a leader in the Special Transformer business Furnace Transformers (for steel industry) Rectifier Transformers (for chemical industry) etc. - During the year the Company was awarded the ISO 9001 Accredation from BVQI - an internationally reputed agency at the first instance. - The Company is the first in INDIA to successfully carryout Dynamic short-circuit test on a 220 KV class transformer. 1998 - The name of the company has been changed from Emco Transformers Ltd., to Emco Ltd. 2002-Emco Ltd has informed that Mr Mangharam Pritamdas Devnani has been appointed as Additional Director. 2004 -Emco enters into MoU with TAMCO 2007 -Emco Limited has appointed Mr. William Fernandes as a Company Secretary w.e.f. 9th April 2007 and also appointed as a Compliance Officer in place of Mr. Ganesh Tawari. 2008 - The Company has splits its face value from Rs10/- to Rs2/-. 2010 - Emco Ltd has appointed Mr. Anil Kumar Sardana as Independent Director on the Board of the Company. 2011 -Emco Ltd has recommended a dividend of Re. 0.20/- per equity share -Mr. Sanjay Bhatnagar joins Board of EMCO Ltd as Independent Director 2012 -"EMCO Ltd commissions - 5 MW Photovoltaic Solar Power Plant in Gujarat". -"EMCO bags Prestigious order worth Rs. 161.2 Crores from NTPC Ltd." 2013 -"EMCO bags order worth Rs. 458 Crores from PGCIL for 800 KV HVDC Transmission Lines". -"EMCO Limited acquires 100% Equity share capital of Shekhawati Transmission Service Company Limited (STSCL)". 2014 -EMCO has recommended a dividend of Re. 0.10 paise per equity share of face value of Rs. 2/- each (5%) for the financial year ended March 31, 2014. -Mr. Ganesh Tawari has been appointed as Compliance Officer of the Company. 2015 -Emco to incorporate wholly owned subsidiary in Dubai |