1985 -Sika Interplant Systems Ltd was incorporated as an engineering company. 2005 -The Company has recommended the declaration of dividend @ 6% for the year. 2006 -The company had decided to acquire all the undertakings of Spaceciti Projects by amalgamating Spaceciti Projects with the company, with effect from April 01, 2006. - The board of directors of the company had adopted a fair exchange ratio of 1:26 for the amalgamation. 2007 -The board of the company had approved scheme of amalgamation of M/s. Spaceciti Projects Pvt Ltd with the company. -The company had allotted 26,00,000 equity shares of Rs 10 each to the shareholders of M/s. Spaceciti Projects Pvt Ltd (SPPL) as per the scheme of amalgamation. -Board of Directors of the company had approved the formation of a Joint Venture (JV) in India with Maccon GmbH, Germany for design, develop and manufacture Motion Control and Servo Systems for aerospace, automotive industry. -Board of the company had also approved the investment of 51% equity in the joint venture. -The Company has recommended declaration of dividend @ 6% for the year. 208 -The Company has recommended declaration of dividend @ 6%. 2009 --The Company has recommended declaration of dividend @ 6%. 2010 -The Company has obtained Financial closure for upgradation and expansion of its facilities at Bangalore for Design, Supply, certification and MRO for Aerospace & Defence at Bangalore. 2011 -The Company has recommended declaration of dividend @ 6%. 2012 -The Company recommende dividend of Rs. 0.60 net of tax per equity share 2013 -Board has recommended a dividend of Rs.0.60per share (i.e.6%). 2014 -Sika Interplant has bagged orders worth Rs 24 crore. -Mr. S. Santhanam has been appointed as a Additional Director of the Company. 2017 -SIKA and Aerotek launch India's first dedicated Landing Gear company. |
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