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Gujarat Apollo Industries Ltd. Company History and Annual Growth Details

The company was incorporated on 7th October, 1986 in the State of Gujarat as a public limited company. The certificate of commencement of business was obtained from the Registrar of Companies, Gujarat, on 11th November, 1986.

GAEL was promoted by M/s Apollo Earthmovers Pvt. Ltd., belonging to the Apollo Group of Gujarat, in association with Gujarat Investment Corporation Ltd. (GIIC), a state level financial institution.

The company started its commercial production in 1987.

During July 1992, GIIC disinvested its entire holding of 11% to M/s Apollo Earth Movers Pvt. Ltd., at a negotiated price of Rs.18.69 per share.

The company was jointly promoted in 1986 by M/s Apollo Earthmovers Private Limited, belonging to the Apollo Group of Gujarat Industrial Investment Corporation Limited.


- Gujarat Apollo Equipments Ltd has informed that the Board of Directors of the Company at its meeting held on January 30, 2007, inter alia, has proposed to issue Bonus Shares in the proportion of one (1) Equity share for every two (2) Equity Shares held on a record date to be fixed at a later date. The existing paid up share capital of the Company is Rs 700 Lacs.

-Members of are hereby informed that trading symbol of Gujarat Apollo Industries Limited shall be changed from GUJAPOLIND to GUJAPOLLO w.e.f. July 6, 2007.

- Company name has been changed from Gujarat Apollo Equipments Ltd to Gujarat Apollo Industries Ltd.

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


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