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Monotype India Ltd. Company History and Annual Growth Details

YEAR EVENTS
1974 - The Company was Incorporated on 30th September, at Calcutta as a private limited company and converted into a public limited company on 23rd October, 1976.

- The Company's object is to manufacture and/or import of
`Monotype' hot metal typecasting machines; "Monophoto"
filmsetting machines; "Monotype" computerised information systems
"Lithotex" process cameras; "Lithoprintex" step and repeat
machines; "Lithotex" powerless etching machines and a variety of
ancillary "Lithotex" platemaking equipment.

- The Company was formed to take over the business of Monotype,
U.K. whose activities in Indian embrace the manufacture and/or
import and sales to the printing industry of "Monotype" hot metal
typecasting machines, "Monophoto" filmsetting machines,
"Monotype" computerised information systems "Lithotex" process
cameras; "Lithoprintex" step and repeat machines; "Lithotex"
powerless etching machines and a variety of ancillary "Lithotex"
platemaking equipment.

- The Company entered into an agreement with Monotype, U.K. to
acquire its business in India from the close of business on 30th
September, 1976. Equity shares of the company worth Rs.10.80
lakhs were allotted to Monotype, U.K., as purchase consideration
out of total purchase price of Rs.28.33 lakhs. The balance of
Rs.17.53 lakhs was to be paid by the company to Monotype, U.K.,
without interest over a period of two years from transfer.

- 7 shares subscribed for by promoters, etc. 1,08,000 shares
allotted without payment in cash to Monotype, U.K. 1,61,993
shares offered at par to the public in 1977.

1977 - Shares fully called up. 11,900 shares forfeited in July 1978.
Subsequently in September 1978, forfeiture on 3,850 shares
annulled and the 8,050 shares reallotted.

1980 - 54,000 bonus equity shares issued in prop. 1:5.

1981 - 2,26,800 rights equity shares issued at par in prop. 7:10.

1983 - The Company undertook to develop printing down frames of
streamlined design having an in-built metal halide lamp in 3 or
4 different sizes and lamp power.

- A prototype of the semi-automatic vertical camera was developed
and steps were being taken for the full fledged production of the
cameras.

1984 - Profits, however, were under pressure due to declining demand for
hot metal spares and higher cost of inputs.

- The company introduced the semi-automatic vertical camera.

1985 - Margins were low due to a recession in demand for conventional
plate making equipment and hot metal spares.

1986 - The Company launched MPS-300 a new low cost phototypesetting
system.

- The Company privately placed with UTI, 25,000 - 15% secured
non-convertible debentures for a total value of Rs.25 lakhs to
raise funds for its working capital requirements. These
debentures are redeemable at a prem. of 5% on the expiry of 7
years from the date of allotment of debentures.

1989 - The Company undertook to manufacture two colour offset printing
machine and was expected to complete the first two colour offset
printing machine by January 1991.

- 5,50,800 bonus equity shares issued in prop. 1:1.

1990 - The Company allotted 50,000 - 14% non-convertible debentures of
Rs.100 each to Canbank Mutual Fund on private placement basis to
partly finance the project for the manufacture of two colour
offset printing machines.

- The principal object of the public issue of capital was to
Indianise the business operations of Monotype, U.K. The
proceeds of the issue were to be utilised for the general
business operation of the company.

1992 - Complete page make-up system in Kannada for a large newspaper
was developed and Indian language window based DTP systems
Deskset was launched.

1993 - During March, the company issued 5,50,800 No. of equity shares of
Rs.10 each at par on rights basis to the existing shareholders of
the company in the ratio of 1:2. Only 5,46,546 shares were taken
up. Another 27,540 shares were offered at par ot the employees
of the company (only 350 shares were taken up). Another
13,565 shares were reserved for Monotype Corporation Plc., U.K.
(MC-UK), to enable them to maintain their shareholding in the
company at 33% of the enhanced equity capital of consequent upon
issue of shares to employees. None were taken up. The
unsubscribed portion was allowed to lapse.

2015
-Monotype India has splits its face value from Rs. 10 to Rs. 1

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