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Insilco Ltd. Company History and Annual Growth Details

1988 - Insilco Ltd., was incorporated on 19th October, and the Company
obtained the Certificate of Commencement of Business of 17th
November, 1988. The main objects of the Company is to
manufacture all types of silica, derivative thereof and minerals
of silica including spray dried silica. It was promoted by Vam
Organic Chemicals and Degussa AG (Germany).

- The Company undertook to set up a project for the manufacture of
spray dried silica with a capacity of 12,000 TPA at Gujraula,
Uttar Pradesh.

- The Company entered into a technical Collaboration Agreement
with Degussa A.G. of Germany for importing of technical know-how,
training of personnel, assistance during the erection and
commissioning and trial run.

1992 - During January, the Company issued 6,80,000-12.5% PCD of Rs 300
each of which 34,000 debentures and 1,57,500 debentures were
reserved for allotment on preferential basis to employees' and
Mutual Funds respectively.

- Balance 4,88,500 debentures were issued to public. Additional
7,02,000 debentures were allotted to retain oversubscription.

- Part A of Rs 100 was to be converted into 10 No. of equity shares
of Rs 10 each on the date of allotment of debentures. Additional
78,20,000 shares were allotted to retain oversubscription.

- Part B of Rs 200 was to be redeemed at par in 5 annual
instalments of Rs 40 between 8th and 12th years from the date of
allotment of debentures.

- During January, the Company issued 24,95,000-14% secured
redeemable non-convertible debentures of Rs 100 each on private
placement basis.

1993 - New products grades were introduced for untapped applications
such as toothpaste, low priced footwear etc.

- 200 No. of equity shares Rs 10 each issued, subscribed and paid
up. 225,99,800 No. of equity shares of Rs 1 each, were then
issued at par in January 1992 as follows: On firm allotment
basis; (i) 99,99,920 No. of equity shares to Degussa AG, Germany;
(ii) 99,99,880 No. of equity shares Vam Organics Ltd.
Preferential Allotment basis: (i) 11,30,000 shares to employees
of the company and promoter company. Balance 14,70,000 No. of
equity shares issued to public. Additional 33,90,000 shares were
allotted to retain oversubscription. 78,20,000 No. of equity
shares were allotted on part convertion of 12.5% partly
convertible debentures.

1994 - During May-June, the Company issued 1,69,05,000 Right Equity
shares Rs 10 each for cash at par in the proportion of 1:2. Out
of this, 1,69,00,000 No. of equity shares were allotted and
5,000 shares were kept in abeyance.

- Effective 1st December, the Company's scheme of expansion of
capacity from 12,000 TPA to 15,000 TPA became operational.


-Insilco Ltd has applied for an injunction against the sale of the DCW Home Products Ltd plant to International Bestfoods Ltd (formerly called Corn Products India) until it recovers its dues from DCW.


-Board Approves the transfer of entire holding of Indian Promoter in favour of the foreign Promoter i.e. Degussa-Huls AG of Germany.

-Degussa Huels AG of Germany has bought the 34 per cent shareholding of Bhartiyas in Insilco Limited in a deal worth $8 million

-NSILCO Ltd the Indian arm of chemical giant Degussa AG of Germany has purchased the silica division of Metazinc (India) Ltd promoted by an NRI businessman Sanjay Shah.

-Subsidiary of global giant Degussa-Huls AG of Germany has acquired the Mumbai-based silica plant of Anandeya Silica division of Metazinc (India) Ltd.


CRISIL has upgraded its rating inrespect of company's Rs.300 million PCDs from A- to AA-.


-Mr B Pfeiffer has resigned from the Board w e f January 30, 2002

-Mr V K Lamba has been appointed as the Chairman of the Company w e f January 30, 2002.


-Insilco Ltd has appointed Mr. Hans Wolfgang Wilhelm Kirches as Additional Director w.e.f. January 25, 2007 to hold office till next Annual General Meeting.


- Insilco Ltd has appointed Dr. Gurnad Singh Sodhi & Mr. Keki Manchersha Elavia as Additional Directors of the Company w.e.f. December 02, 2008.


-Mr. Andreas Bernd Fischer has been appointed as Additional Director of the company


-Mr. Pankaj Khandelwal has joined the Company as Additional Director and Managing Director.

-Mr. Frank Heinz Lelek has been appointed as Additional Director of the company.