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History of Hawkins Cookers Ltd.

YEAR EVENTS 1957 - An agreement was entered into on 23rd January, with L.G. Hawkins and Co. Ltd., for manufacture & marketing of Hawkins pressure cookers.

1959 - Hawkins Cookers limited was incorporated as a private limited Comp. & converted into a public limited Comp. on 1st Feb. 1975. Hawkins Cookers limited manufacture Hawkins Pressure Cooker, Hawkins Idli Stands, & other domestic appliances. It was promoted by H.D. Vasudeva.

1971 - 19,500 bonus shares issued [4,000 shares on 31.5.67 - prop. 8:1, 3,000 shares on 26.69 - prop. 2:3 & 15,000 shares on 31.3.72 - prop. 5:3s].

1973 - Under agreement dated 1st July, & 30th September, 1975 between Pye & the Company, the Comp. was given the sole right to export Hawkins Universal pressure cookers to all the countries in the World & Pye were obliged to render services for marketing abroad.

- PCA Engineers Ltd., is a subsidiary of Comp. with a holding of 11 equity shares of Rs 100 each out of 21 equity shares issued by subsidiary.

1975 - 20,000 bonus shares issued in prop. 1:1.

1978 - 24,000 bonus shares of Rs 100 each issued on 22.2.78 in prop. 3:5. Equity shares subdivided on 10.5.78. 1,80,000 No. of equity shares [prem. Rs 2.50 per shares] then offered to the public in June/July 1978.

1980 - 4,92,000 bonus shares issued in prop. 3:5.

1981 - PCA Electricals Pvt. Ltd., was incorporated on 27th November, as an associated company.

1982 - PCA Engineers limited was a subsidiary Comp. of Hawkins Cookers Ltd.

1984 - 5,24,800 bonus shares issued in prop. 2:5.

1985 - The Comp. privately placed 15% secured non-convertible debentures aggregating Rs 50 lakhs with UTI. These debentures are redeemable at a premium of 5% in three equal installments at the end of 6th, 7th & 8th years from the date of allotment.

- `Hawkins' & `Hawkins Universal' are trade marks owned and registered by Pye [Electronic Productss] Ltd.

1986 - Effective from 1st September, the Company name was changed from Pressure Cookers and Appliances Ltd., to Hawkins Cookers Ltd.

1987 - New model pressure cookers under the brand name `Hawkins Contura' were well received in the market. The Comp. introduced high quality spice blends during the period & it proposed to expand the distribution of spices.

1990 - The Comp. added Tave [Griddles] & the Cook-n-Serve bowl to its cookware range. Also, Hawkins Toy Cooker, an authentic, miniature, non-working model, was introduced during the year.

- 6,23,200 bonus shares issued in prop. 19:56 on 9.3.91.

1991 - The Comp. introduced non-stick frying pan during the year. New models of pressure cookers & additions to both satilon and non-stick cookware were proposed to be added.

1992 - Three new products viz., hard anodised Satilon Handi [Saucepans], the non-sticking frying pan & the non-stick Tava [Griddles] were introduced.

- Effective 1st April, PCA Engineers Ltd., a subsidiary of Hawkins Cooker Ltd., was merged with the Company. As per the scheme, the Comp. was to issue & allot its shares to shareholders of PCA Engineers limited The shares held by Comp. in PCA Engineers Ltd., would be cancelled as per merger, & the Comp. would issue 7,12,800 shares to the shareholders of PCA Engineers Ltd.

1993 - During the year, six new pressure cookers were launched in the market. Of these, one was a stainless steel one with a heat diffusing sandwich-bottom, one a 14 litre pressure cooker in hawkins Bigboy range for catering institution & four of different sizes of Miss Mary pressure cookers, a new brand offering the consumer a lower price range.

- 7,12,800 shares allotted to shareholders of erstwhile PCA Glasses Ltd., 10,57,600 bonus equity shares issued in prop. 1:3.

1995 - Two new pressure cookers viz. 7 litre Hawkins stainless steel cooker & the 9 litre Hawkins wide boby pressure cooker were launched.

1996 - During the year Comp. has launched three new pressure cookers. 7 litre [Jumbos] Futura Pressure Cooker, 9 litre Futura Pressure Cooker & 3.5 litre Hawkins Heavybase Pressure Cooker.

- New models of Satilon cookware were also launched during the year. A new type of cookware, Nonstick-on-satilon, was launched in the Indian market for first time.

- The Comp. proposed to issue 10,57,600 Rights equity shares of Rs 10 each at a premium of Rs 25 per share in the ratio 1:4.

1997 - The Comp. launched two new pressure cookers, a 8 litre wide body heavy base pressure cooker & 3.5 litre Mary pressure cooker. New models of Sauce pan in Satilon cookware, Frying pans in 22cm & 26cm diameters, Sauce pans, Sauce pan & Flat Tava in Non-stick cookware were also introduced.

2002

-Hutoxi Bhesania appointed as Comp. Secretary of Hawkins Cookers.