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મહિન્દ્રા યુઝાઇન સ્ટીલ કંપની > કંપનીનો ઈતિહાસ > Steel - Medium & Small > કંપનીનો ઈતિહાસ ના મહિન્દ્રા યુઝાઇન સ્ટીલ કંપની - બીએસઈ: 504823, ઍનઍસઈ : MAHINDUGIN

મહિન્દ્રા યુઝાઇન સ્ટીલ કંપની

બીએસઈ: 504823  |  ઍનઍસઈ : MAHINDUGIN  |  ISIN: INE850A01010  |  Steel - Medium & Small

કંપનીનો ઈતિહાસ - મહિન્દ્રા યુઝાઇન સ્ટીલ કંપની
YEAR                       EVENTS
 1962 - The Company was incorporated on 19th December, at Mumbai. 
 The
        Main objects of the Company is to carry on business as
        manufacturers of, dealers in and sellers of mild, tool, alloy
 and
        special steels.
 
      - 8 Shares subscribed for by the signatories to the Memorandum;
        15,000 shares issued to Mahindra & Mahindra, Ltd., for
        consideration other than cash and 1,99,992 shares for cash.
        15,000 shares issued to the foreign collaborators for
        consideration other than cash and 2,00,000 shares for cash.
 
 1963 - On 26th September, the Company entered into a technical
        collaboration agreement with Societe d'Electro-Chemi
        d'Electro-Metallurgic et des Acieries Electriques d'Ugine of
        France under which the collaborators agreed to design modern
        plant for the annual production of 18,000 tonnes of alloys
        constructional steel products.
 
 1964 - 4,00,000 No. of Equity shares issued to Mahindra & Mahindra,
        Ltd., their staff and associates companies; 2,00,000 No. of
        Equity shares issued to Societe Indo Ugine; 4,00,000 No. of
        Equity shares reserved for allotment to IFCW; 10,70,000 No.
 of
        Equity and 50,000 Pref. shares offered to the public during
        January 1964.
 
 1966 - 6,75,000 No. of Equity shares issued at par to Mahindra &
        Mahindra Ltd., Societe Indo Ugine, I.F.C.W. and a few
 Insurance
        Companies.
 
 1967 - 2,11,875 No. of Equity shares issued to I.F.C.W.
 
 1968 - 5 Pref. shares forfeited for non-payment calls.  90,710 No.
 of
        Equity shares issued to IFCW.
 
 1975 - 6,00,000 No. of Equity shares issued to shareholders of Bank
 of
        Baroda as per the Scheme of Amalgamation.
 
 1979 - As per the terms and conditions of the convertible
 debentures,
        since the Company issued rights equity shares in May in the
        propn. 2:5 and at a premium of Rs 4 per share, the
 convertible
        debentureholders who exercised their right on conversion
 became
        entitled to additional equity shares of the Company.
        Accordingly, the company allotted on 18th April, 1981,
 3,20,414
        additional equity shares on rights basis to the convertible
        debentureholders who applied for additional shares.
 
      - Corbel Estate and Investment Pvt. Ltd., Mahindra Hotels and
        Resorts Ltd., Valueline Hotels and Resorts Pvt. Ltd. are all
        subsidiaries of the Company.
 
      - 50,000-11% `A' Pref. shares allotted to subsidiaries on
        10.1.1979.  11% `A' Pref. shares redeemable during
 10.1.1986/91,
        Pref. dividend on old 09.3% pref. shares to 11% effective
 from
        9.3.1979 and redemption date extended to 8.3.1986/91, 536
 pref.
        shares held by disenting shareholders redeemed and were
 reissued
        and allotted on 28.12.1979.  15,10,000 Rights equity shares
        issued on 9.5.1979 (Prop. 2:5; prem. Rs 4 per share).
 
 1981 - 8,21,319 No. of Equity shares issued at a prem. of Rs 15 per
        share to holders of 10% convertible series G debentures,
 3,20,414
        additional equity shares issued to these debenture holders
 (prem.
        Rs 4 per share) in terms of their entitlements for the rights
        equity issue in May 1979.  8,75,000 No. of equity shares
 allotted
        to financial institutions (prem. Rs 6 per share) on conversion
 of
        loans/privately placed debentures.
 
 1983 - During February, the company issued 5,00,000-15% secured
        non-convertible debentures of Rs 100 each on right basis to
        resident Indian equity and preference shareholders and
        non-convertible (Series `H') debentureholders of the Company
        under two alternative schemes viz., (a) cumulative interest
        scheme and (b) non-cumulative interest scheme.
 
 1986 - The Company received Governments approval for its
 Collaboration
        with M/s. Leybold, AG of West Germany.  This collaboration
 was
        obtained for design and detailed engineering drawings for the
        Vaccum degassing (VD) and Vaccum Oxygen decarburisation (VOD)
        equipment to be fabricated in India.
 
 1988 - Design and drawings were received from the collaborator for
        fabrication of indigenous components of VD/VOD installation.
 
      - 36,50,866 bonus shares issued in prop. 1:2.
 
 1989 - Imported components for VD/VOD were received at site and
 locally
        fabricated items for LF + VD/VOD as per design drawings of
        Leybold were in the final stages of assembly and inspection
 at
        site.
 
      - The Letter of Intent for the capacity expansion to 1,50,000
        tonnes per annum was converted into an industrial licence.
 
      - With a view to divesify into the business of hotels a
 technical
        collaboration agreement was signed with Days' Inn Inc. of
 U.S.A.
        for setting up a chain of budget hotels in India.
 
      - The Company proposed to sign a Memorandum of understanding
 with
        independent developers for management and franchising of a
        proposed hotel at Khajuraho.
 
 1990 - During October-November, the Company offered 16,42,890-12.5%
        secured Redeemable Convertible debentures of Rs 120 each on
        Rights basis in the proportion 15 debentures: 100 equity
 shares.
        (All were taken up).  Additional 2,46,433 debentures were
        allotted to shareholders to retain oversubscription.
 
      - Another 82,145-12.5% debentures were issued to the employees
        under the Stock option Scheme.  Additional 12,321 debentures
 were
        allotted to employees to retain oversubscription.
 
      - A portion of Rs 50 of each debenture would be converted into
 1
        equity share of the Company of Rs 10 at a premium of Rs 40
 per
        share after the expiry of 6 months from the date of allotment
 of
        the debentures.  The non-convertible portion of Rs 70 of each
        debenture would be redeemed in two lots in the 7th and 8th
 years
        from the date of allotment of the debentures.
 
      - Under the Scheme of Amalgamation with the Bank of Baroda,
 Ltd.
        MUSCO were to allot;
 
      - (i) 12 No. of equity shares of MUSCO of the paid-up value of
 Rs
        10 each;
 
      - (ii) 19 Convertible Debentures of the face value of Rs 25
 each
        bearing interest at 10% per annum (these debentures being
        convertible into 19 Equity shares of Rs 10 each of MUSCO at a
        premium of Rs 15 per share at the option of the holders
 within
        six months from 22.9.1980 and in the event of non-conversion,
 the
        debentures were to be repaid at par during 20.10.1984/87 at
 six
        months' notice and
 
      - (iii) 10 Non-convertible Debentures of the face value of Rs
 91.50
        each bearing interest at 10% per annum (redeemable at par
 during
        20.10.1984/87 at six months' notice).
 
      - In lieu of the aforesaid, a shareholder of the Bank of Baroda
        Ltd., was entitled to receive a cash payment of Rs 143.00 per
        equity shares held by him.  The merger became effective from
 1st
        July, 1974.
 
 1995 - The hotel division was transferred to Mahindra
 Infrastructural
        projects Ltd., the Company's subsidiary.  The Company
 acquired
        the metal pressings unit at Kanhe belonging to Mahendra &
        Mahendra, now known as MUSCO stampings unit.
 
      - 110,00,000 No. of Equity shares allotted at a premium of Rs
 35
        per share to Mahindra & Mahindra Ltd. on private placement
 basis.
 
 2000 - The Workers of the Company's steel plant at Jagdish Nagar, are
 on
        strike from April 11, to settle their pending demands.
 
      - Sidenor S.A., Spain has informed the company that, they have
        decided to finalise the Joint Venture proposal as they have
        decided to postpone their investment in India.
 
 2002-Mahindra Ugine Steel Company Ltd has informed that Mr R N Singh,
 Managing Director has resigned from the Board of the company with
 effect from November 1, 2002 and Mr P G Chitale, Joint Managing
 Director of the company has taken over the charge of Steel Division
 of the company situated at Khopoli in addition to his present
 responsibility of Stamping Division situated at Pune.
 
 2003 - Shifted the Registered Office with effect from November 01,
 2003 from Sadhana House, 3rd Floor, 570 Pandurang Budhkar Marg,
 Worli, Mumbai 400 018 to 73/74, Ganesh Apartment, Opp. Sitladevi
 Temple, Lady Jamshedji Road, Mahim, Mumbai 400 016; Tel Nos -
 24444287. Earlier proposal of shifting of Registered Office to
 Administrative Building, Jagdish Nagar, Khopoli -410 216 was
 withdrawn.
 
 2004
 
 -Delists shares from following stock exchanges
 Stock Exchange, Ahmedabad
 Calcutta Stock Exchange Association Ltd.
 Delhi Stock Exchange Association Ltd.
 Madras Stock Exchange Ltd.
 
 2007
 
 -Mahindra Ugine Steel Co. Ltd has appointed Mr. K.B. Saha, as an
 additional Director of the Company with effect from 25th January,
 2007, representing Life Insurance Corporation of India.
 
 - Mahindra Ugine Steel Co. Ltd has appointed Mr. Ajay Kadhao as the
 Company Secretary and Compliance Officer of the Company.
 
 
 2008
 
 - Has entered into a Power Delivery Agreement with Wardha Power
 Company Ltd (WPCPL) for availing the supply of 35MW power under the
 Group Captive Concept to the Company's Khopoli Plant at an investment
 of Rs 22.75 crores.
 
 - Appointment of Mr. Manoj Kumar Maheshwari as an Additional
 Director.
 
 - Appointment of Mr. Arun Maira as an Additional Director.
 
 
 2010
 
 - Appointment of Mr. Daljit Mirchandani, as an Additional Director.
 
 
 2011
 
 - The manufacturing unit of Stampings division of the Company located
 at Pantnagar, Uttarakhand, has commenced its commercial operations.
 
 
 2012
 
 - MUSCO finalises 51:49 JV with Sanyo Special Steel Co. Ltd and
 Mitsui & Co. Ltd.
 
 2013
 -Mahindra Group & CIE Automotive to form Global Alliance in Auto
 components.
 
 2014
 -The  scheme of amalgamation between the Transferor Companies and
 Mahindra CIE Automotive Ltd.
 
સ્તોત્ર: રેલીગેર ટેકનોવા


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