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CIE Automotive India Ltd. Company History and Annual Growth Details

2006

-Company has changed its name from Mahindra Automotive Steels Ltd. to Mahindra Forgings Ltd.

2008

-Mahindra Forgings Limited has has appointed Mr.Oliver Scholz as an Additional Director of the Company.

2009

- Doubled the installed capacity from 40000 MT to 86000 MT by setting up two 4000 Ton Presses & one 6300 Ton Press.

2010

- Received New Product Development Award from Volvo Eicher.

- Received Best Supplier Award from Kirloskar Oil Engines Ltd. (KOEL).

2011

- Third crankshaft machining line installed.

- New MAKINO installed at Tool Room for Die production.

2013

- The name of the Company stands changed from Mahindra Forgings Limited to Mahindra CIE Automotive Limited with effect from November 27, 2013.

2014

- Mahindra CIE Automotive Ltd has informed that pursuant to exercise of options by certain applicants under the Companys Employees Stock Option Scheme, the Board of Directors of the Company has issued and allotted No. Equity Shares of face value of Rs. 10/- each vide its Board resolution.

- The Scheme of Amalgamation amongst Mahindra Composites Ltd. and Mahindra CIE Automotive Ltd. (formerly known as Mahindra Forgings Ltd.) (the Company), and their respective shareholders and creditors (the "Scheme") approved by High Court of Judicature at Bombay.

- Hon'ble Bombay High Court has sanctioned the scheme of amalgamation between Mahindra Hinoday Industries Limited, Mahindra Ugine Steel Company Limited, Mahindra Gears International Limited, Mahindra Investments (India) Private Limited, Participaciones Internacionales Autometal Tres, S.L. and the Company and their respective shareholders and creditors ("Integrated Scheme") on October 31, 2014.

- Mahindra CIE Automotive Ltd. has informed that scheme of amalgamation between Mahindra Composites Ltd. and the Company and their respective shareholders and creditors ("Composite Scheme") has become effective on December 10, 2014.

2015

-Mahindra CIE Automotive Ltd has informed that the Allotment Committee of the Board of directors of the Company, has on January 02, 2015, pursuant to (a) the scheme of amalgamation of Mahindra Hinoday Industries Limited ("MHIL"), Mahindra Ugine Steel Company Limited ("MUSCO"), Mahindra Gears International Limited (MGIL), Mahindra Investments (India) Private Limited (MIIPL) and Participaciones Internacionales Autometal TRES, S.L. (PIA3) with the Company ("Integrated Scheme") AND (b) the scheme of amalgamation of Mahindra Composites Limited ("MCL") with the Company ("Composites Scheme"). [The Integrated Scheme and the Composites Scheme are together referred to as the Schemes and MHIL, MUSCO, MGIL, MIIPL, PIA3 and MCL are collectively hereinafter referred to as the "Transferor Companies".] as approved by the Hon'ble High Court of Judicature at Bombay vide its orders dated October 31, 2014, issued and allotted 22,93,30,519 (Twenty Two Crore Ninety Three Lac Thirty Thousand Five Hundred Nineteen) equity shares of Rs.10/- each as fully paid-up.

Consequent to the above allotment the paid up equity share capital of the Company has been increased from Rs. 93,45,76,860/- to Rs. 3,22,78,82,050/-, divided into 32,27,88,205 equity shares of Rs. 10/- each.

In terms of the Composites Scheme the Committee has also issued and kept in abeyance 945 (Nine Hundred and Forty Five) equity shares of Rs. 10/- each.

2022

-Mahindra CIE Automotive to acquire 27% stake in Strongsun Solar.

2023
-Company name has changed to CIE Automotive India Ltd. from Mahindra CIE Automotive Ltd..

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