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History of Himatsingka Motor Works Ltd.

YEAR EVENTS 1951 - The Comp. was incorporated on 17th August, at Guwahati [Assams]. The Comp. took over the running automobile business of M/s. Himatsingka Motor Works, Guwahati, with all its assets and liabilities, rights, privileges, contracts & properties,

- The main object of Comp. is dealing in & repairing automobile motor cars & other vehicles including two wheelers & hire purchase business.

1983 - All shares taken up by promoters, directors, etc.

1984 - 2,03,000 No. of equity shares issued at par of which 53,000 shares were reserved & allotted to promoters, directors, etc. The balance 1,50,000 shares were offered for public subscription during December. [All were taken ups].

1989 - During April-May, the Comp. offered 2,45,000 rights equity shares of Rs. 10 each in prop. 1:1 [only 96,850 shares taken ups]. 1,48,150 shares were otherwise allotted.

1992 - Due to the set back in the field of light & medium automobiles in general in the Country, the sale of products dealt with by the Comp. was also affected & as a result the dealership operation had to be suspended & hence the Comp. registered drop in sales compared to previous year.

1994 - Sales continued to decline due to the set back in the field of automobile spare parts in general.

- 4,90,000 rights equity shares issued in proportion 1:1.