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Voltamp Transformers Ltd. Company History and Annual Growth Details

Our Company was originally started as a Partnership firm in the year
1963 by the name of M/s Voltamp Corporation. The firm was jointly
formed by our Promoter, Mr. Lalitkumar H. Patel along with his
relatives (late) Mr. Babubhai H. Patel and Mr. Navinchandra R. Patel
to manufacture transformers. At that stage the key technical expertise
was provided by Mr. Lalitkumar H. Patel who was a U.K. educated
electrical engineer and had a basic training on design aspects of
transformers with a German Company, Siemens GmbH and their Indian
Licensee, Bharat Bijalee Limited. The initial activities of the Partnership
firm were manufacturing and marketing of distribution transformers and
also their repairs.

Further in 1967, our Company was incorporated under the Companies
Act, 1956 pursuant to a Certificate of Incorporation No. 1437 of 1967
dated March 2, 1967 issued by the Registrar of Companies, Gujarat.
The Company was jointly promoted by the families of Mr. Lalitkumar H.
Patel, Mr. Babubhai H. Patel and Mr. Navinchandra R. Patel to take
over business of M/s. Voltamp Corporation as a going concern. Our
Company continued the business of manufacturing transformers and
simultaneously increased the capacity of transformers manufactured
upto 10,000 KVA, 66KV for utilities and industrial clients.

In 1989, our Company became a deemed public company as our
turnover in FY 1989 crossed the limit then laid down for private companies
as per Section 43A of the Companies Act, 1956.

In November 1998, Our Company entered into a technical agreement with
Mora Tranformatoren GmbH, Germany for manufacture of Vacuum Resin
Impregnated Dry Type Transformers. With this we forayed our entry into
higher technology, environment friendly and high margin products moving
us up in the value chain.

In December 2001, our Company entered into a technical license agreement
with German Company M/s. Hochspannungstechnik und Transformatorbau
GmbH having experience of 40 years for manufacture of Cast Resin Dry Type
Transformers.

In 2001 the concept of Âdeemed public companyÂ was deleted under the
Companies Act, 1956, and therefore we converted back to private company
under section 43A(2A) of the Companies Act, 1956.

Our Company has over the span of 42 years developed full fledged facilities for
the design, manufacture, material handling, testing and after sales service of
transformers. We cater to majority of the industries inter alia cement, sugar,
paper, petrochemicals, oil refining, steel and pharmaceuticals. Our clientele
include blue chip companies like Reliance, In addition leading solution providers
like L & T, ABB, Siemens, Bharat Forge, Binani Cement, Welspun group, Arvind
Mills, J. K. Cement, Hindalco Industries, Gujarat Alkalies and Chemicals and
Balakrishna Tyres, Torrent Power, Wartsila India Suzlon Energy, Kirloskar
Brothers are our customers. Our Company is also an approved vendor of,
a consulting organization of GoI.

We have an established product marketing network covering metro and mini
metro cities, which enable us to reach and service our existing and potential
customers through our 9 branches spread over the country.

Our Company has become a public limited company and a fresh certificate of
incorporation was issued on February 22, 2006.

HISTORY AND MAJOR EVENTS

Year

1970 Commenced manufacture of transformer upto 10,000 KVA, 66KV for
utilities and Industrial clients

1981 Commenced manufacture of 132 KV Class Transformers

1986 Commenced manufacture of 50 MVA, 132 KV Class Power Transformers

1998 ISO 9001:2000 Accreditation for quality assurance for design, manufacture
and after sales services by M/s. KPMG Peatmarwick LLP, U.S.A.

1998 Entered into Technical License with M/s. Mora Tranformatoren GmbH,
Germany for manufacture of Vacuum Resin Impregnated Dry Type
Transformers and subsequently started manufacture of the same.

2000 Commenced manufacture of Induction Furnace Transformers.

2002 Entered into a Technical License with M/s.HTT Hochspannungstechnik und
Transformatorbau GmbH, Germany for manufacture of Cast Resin Dry Type
Transformers and subsequently started manufacture of the same.

2005 Our Company increased its total capacity to 5,400MVA in FY06 from
3,000 MVA in FY03.

2006 Voltamp Transformers initial public offer was fully subscribed on August 28 with most of the demand coming from institutional investors.

2007 Voltamp Transformers Board recommends dividend @ 80%

2008 Voltamp Transformers Board recommends dividend @ 125% (i.e. Rs 12.50 per share) (for the Financial Year ended March 31, 2008).

2009 Voltamp Transformers Board recommends Dividend @25%

2010 Voltamp Transformers Limited Re-appointed Shri K. S. Patel, as a CEO & Managing Director of the Company

2011 Voltamp Transformers Limited recommended dividend @ 90% (i.e. Rs. 9 per share) for the Financial Year ended March 31, 2011.

2012 Voltamp Transformers Limited recommended dividend @100% (i.e. Rs. 10 per share) for the Financial Year ended March 31, 2012.

2013 Shri Kanubhai S. Patel has been appointed as CEO & Managing Director of the Company as a Chairman of the Company and redesignated him as a Chairman and Managing Director of the Company.

2014 Voltamp Transformers Limited recommended dividend @ 100% (i.e. Rs. 10/- per equity share).

2020

-The company has said that at its meeting , approved a Scheme of Amalgamation (the "Scheme") between the Voltamp Transformers Limited ("VTL'''' or "Company") and Kunjal Investment Private Limited ("KIPL"), and their respective shareholders and creditors ("Scheme") under Sections 230 to 232

2021
-The Company board approved scheme of Amalgamation between Kunjal Investments Private Limited and Voltamp Transformers Limited.

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