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ઈઓન એક્સચેન્જ (ઇંડિયા) > કંપનીનો ઈતિહાસ > Engineering > કંપનીનો ઈતિહાસ ના ઈઓન એક્સચેન્જ (ઇંડિયા) - બીએસઈ: 500214, ઍનઍસઈ : IONEXCHANG

ઈઓન એક્સચેન્જ (ઇંડિયા)

બીએસઈ: 500214  |  ઍનઍસઈ : IONEXCHANG  |  ISIN: INE570A01014  |  Engineering

કંપનીનો ઈતિહાસ - ઈઓન એક્સચેન્જ (ઇંડિયા)
YEAR                                                    EVENTS
 1964 - The Company was incorporated on 6th March, at Calcutta.  The
        Company Manufacture ion exchange resins and water treatment
        plants.
 
      - 10,000 Shares allotted without payment in cash to The
 Permutit
        Co. Ltd., U.K.
 
 1971 - 50,000 bonus shares issued in prop. 1:5.
 
 1974 - 1,00,000 bonus shares issued in prop. 1:3.
 
 1977 - Issued 2,00,600 shares at a premium of Rs 8 per share; 6,000
        shares to the resident employees and directors and 1,94,600
        shares to the public during February 1977.
 
 1976 - The Company obtained a licence from the National Research &
        Development Corporation (NRDC) to exploit the patent held by
 them
        for the manufacture of Reverse Osmosis Plants.
 
 1979 - 3,60,360 bonus shares issued in prop. 3:5.
 
 1980 - Government approval was received for the following
 agreements:
        (i) With Chemed Corporation, U.S.A. (a subsidiary of W.R.
 Grace
        Co. USA) to manufacture Dearborn Chemicals for boiler and
 cooling
        water treatment; (ii) With Norit NV of Holland for technical
        back-up in the design and manufacture of Solvent recovery
 system;
        (iii) With Portacel, Ltd., U.K., (a subsidiary of Portals
 Water
        Treatment, Ltd.) for Clorocel electrolytic chlorinators in
 India.
 
 1981 - The Company signed an agreement with Elf Aquitaine, oil
 company
        in the French public sector, for licence to use their process
 of
        coalescing and removing oil from water by action exchange
        specially developed by them.
 
      - Ankleshwar Ion Exchangers & Chemicals, Ltd. is a wholly owned
        subsidiary was merged with the Company with effect from 1st
        January.  Hydranautics Membranes India Ltd. and
 Polyelectrolyte
        India Ltd. are subsidiaries of the Company.
 
 1982 - Test kits useful to conduct on-the-spot tests for effective
 plant
        control were developed for sterilizing potable water.
 
 1983 - On 25th February, manufacture of water treatment chemicals
 was
        started at Patancheru near Hyderabad in Andhra Pradesh.
 
      - A new company namely, Hydraulics Membranes India, Ltd. was
 formed
        to undertake the manufacture of reverse osmosis membrane
 modules
        and systems in collaboration with Hydranautics Water Systems
        (HWS) of USA.
 
      - Customer Service division was set up during January.
 
      - The Permutit Co., Ltd., U.K., proposed a scheme of
 disinvestment
        of 1,94,688 No. of equity shares of Rs 10 each.  These shares
        were offered at a premium of Rs 20 per share in the proportion
 of
        1:3 to the Indian equity shareholders.
 
 1987 - 9,82,570 shares issued in conversion of debentures in Nov.
 1987.
 
 1988 - 15,54,824 bonus shares issued in Prop. 4:5 in May 1988.
 
 1989 - The Company in collaboration with SNF-Floerger of France set
 up
        a joint venture for manufacture of polyelectrolytes.  Subject
 to
        necessary approvals being obtained, the Company proposed to
        invest in a new company, to be incorporated in the USA, upto
 50%
        of the Rupee equivalent to US $ 5,00,000.  The balance upto
 US
        $ 5,00,000 was to be subscribed by Permeation Technologies
 Inc.,
        California, set up by Ashwin Desai & his associates.
 
      - The new Company was to promote the Company's products,
        manufacture packaged and custom built water treatment units
 and
        to act as consultants in total water management operations,
        maintenance, erection of water treatment plants etc.
 
 1992 - The Company issued 8,39,604 partly convertible debentures of
 Rs
        180 each.  Till date 8,38,755 debenture were allowed.
 
      - Part A of 80 of the face value of each debenture was to be
        converted into 2 equity shares of Rs 10 each for cash at a
        premium of Rs 30 per share on 1st April, 1993.  Accordingly,
        16,77,510 No. of equity shares were allotted.
 
      - Balance part `B' of Rs 100 of the face value of each
 debenture
        was to be redeemed at the end of 7th, 8th & 9th year from the
        date of allotment of debenture i.e. 31.7.1992.
 
      - 3,84,000 No. of equity shares of the Company were held by the
        Permutit Co., Ltd., U.K.  The Permutit Co., Ltd., U.K. is a
        wholly owned subsidiary of Portals Holding, Ltd., U.K.  The
        Permutit Co., Ltd., U.K., were the Company's technical
        Collaborators until May 1971.
 
 1993 - The Company entered into a joint venture with Grace Dearborn
        Inc., USA, a leading company in the water treatment chemical
        field.
 
 1994 - A joint venture company viz. Dearborn IEI India Pvt. Ltd. was
        formed with Grace Dearborn Inc. USA a leading company in the
        water treatment chemicals field.  The Company also entered
 into
        collaboration agreements with Elga Ltd. UK and US
 Filter/Permutit
        Inc. USA in the field of water treatment.
 
      - During Oct./Nov. the Company offered 14,61,466 zero percent
        secured fully convertible debentures of Rs 140 each on right
        basis to the existing shareholders in the ratio of one
 debenture
        for every four equity shares held.  All were taken up. 
 1,46,146
        debentures were issued to the employees.
 
      - Part `A' of Rs 50 of the debenture was converted into one
 equity
        share at a premium of Rs 40 per share on allotment.  Part `B'
 of
        Rs 90 was to be converted into one equity shares at a premium
        of Rs 80 per share on or before 15th June 1996.
 
      - 6,70,000 Shares allotted to the promoters on preferential
 basis
        at price of Rs 181.75 per share.  10,00,000 shares issued to
 FIs.
        16,07,612 shares allotted on conversion of zero percent fully
        convertible debentures.  1,576 shares issued.
 
 1995 - 1,12,200 shares issued on conversion of part A of zero
 percent
        fully convertible debentures.  4,48,800 shares issued to
 warrant
        holders at Rs 200 per share.  122 share issued.
 
 1996 - 16,07,612 No. of Equity shares allotted on conversion of zero
        percent FCDs (Part B).
 
 1997 - 112,200 No. of Equity shares have been issued on conversion
 of
        part of zero percent FCDs.
 
 2000 - The Company has undertaken restructuring of its business.  The
 water
               solutions company has closed down four out of its 12
 units over the last
               one year as part of the restructuring.
 
 2003
 -members approved to delist shares from Delhi Stock Exchange.
 
 2005
 
 -Ion Exchange enters into JV with Belgium Company Fifth Element NV
 
 2009
 
 - Ion Exchange India Ltd has informed BSE that the Board of Directors
 of the Company at its meeting held on March 25, 2009, inter alia,
 approved the appointment of Mr. Dinesh Sharma and Mr. Aankur Patni,
 Directors of the Company as Executive Directors with effect from
 April 01, 2009.
 
 2010
 
 - Ion Exchange India Ltd has informed that Mr. Shishir Tamotia has
 been appointed as additional director of the Company on May 24,
 2010.
 
 2011
 
 -Mrs. K J Udeshi has been appointed as additional director of the
 Company 
 
 -Ion Exchange India has recommended a dividend of 20% 
 
 2012
 
 -Ion Exchange India Ltd  has formed a Joint Venture Agreement with
 Safic (Pty) Ltd., a group Company of Accentuate Ltd, to strengthen
 its water treatment operations in South Africa.
 
 -Ion Exchange India has recommended a dividend of 20%
 
 2013
 
 -Ion Exchange India has recommended a dividend of 20% (Rs. 2.00 per
 share) on equity shares.
 
 2014
 
 -Ion Exchange has been selected by Sri Lanka Water Board to execute
 water supply project worth US$ 194 million.
 
 2015
 -The Company has been recognised as the Business Leader of the
 Year-Water Management at CHEMTECH CWE Leadership & Excellence Awards
 2015.
 
 -The Company was awarded the Water Digest Water Awards in Categories
 of Best Water Company, Best Water Treatment Solution Provider & Best
 Complete Domestic Water Management Solutions Provider-Domestic &
 Institutions
 
 -The Company received repeat order from Gujarat Heavy Chemicals Ltd,
 for 2.4 MLD desalination plant along with 755 M3/H pretreatment and
 100 m3/h sea water reverse osmosis plant.
 
 - The Company commissioned Water Treatment system at JSW, Bellary for
 their 12 MT steel melting shop.
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