History of Hyderabad Industries Ltd.

YEAR EVENTS 1946 - The Comp. was Incorporated at Hyderabad. The Company objects is to manufacture & sales of asbestos cement products & accessories. The company products are sold under the trade name 'Charminar'.

- Only application & allotment moneys called-up. In O.S. currency

1964 - An agreement was signed with M/s. Johns Manville International Corporation for technical assistance for manufacture of asbestos cement pressure pipe machines.

1966 - 8,26,455 Bonus shares of Rs.2.50 each issued in prop. 7:1. Shares then consolidated.

1967 - The Comp. entered into a technical consultation arrangement with The Cape Asbestos Company, limited London, in respect of the manufacture of Capsite asbestos moulded insulation articles.

1968 - In January, 2,36,130 bonus shares issued in prop. 1:1. 2,36,130 right shares were then issued at par in prop. 1:2.

1969 - 3,54,195 right equity shares issued at par in prop. 1:2. In September. 35,000 9.5% pref. shares offered to the public.

1971 - In April 1971, 3,54,195 right equity shares were issued at par in prop. 1:3.

1974 - The Comp. entered into a collaboration agreement with Societa Italiana Per L'Amiants, S.P.A. Italy, for manufacture of asbestos products viz., asbestos textile, asbestos cloth, asbestos rubber jointing sheets & asbestos mill board.

1978 - The Comp. supplied, plant & machinery, technical know-how and engineering & management services for asbestos cement sheets & pipes project in Um-Al-Quwain [UAEs].

1980 - The Comp. supplied plant & machinery, technical know-how etc. to Banchi State Government of Federal Republic of Nigeria for their asbestos cement sheets & pipes project. The Comp. participated to the extent of 1.05 million Naira in the equity capital of Nigerian company.

- The Comp. was allotted 60,000 redeemable preference shares of Nepalese Rs.100 each by Nepal Metal Comp. Ltd., a joint venture Comp. incorporated in Nepal in consideration of prospecting work done in the past year & expenses incurred by the Comp. in Nepal. Subsequently, the Nepal Comp. increased its equity capital, due to escalation in project costs, & further in 1983 due to similar reasons. The company investment in this joint venture stands revised at Nepalese Rs.112.80 lakhs from Nepalese Rs.45 lakhs. This is in keeping with the requirement to hold 25% of equity capital.

- 35,000 pref. shares redeemed during the year. 1982 - The Comp. applied for a licence to set up a 9 lakh tonnes cement plant in Madhya Pradesh in two stages. The Company undertook to set up a gypsum board project in Haryana by promoting a new Comp. with foreign collaborator BPB Industries Plc. London U.K. in the name of Gypsum, limited a Jid in Haryana. The plant was commissioned in October 1987.

1983 - The Comp. issued non-convertible debentures for Rs.7.00 crores to meet the working capital requirements.

- The Company land & building at Hyderabad [Andhra Pradeshs] and Ballabgarh [Haryanas] were revalued as at 31st December. The net surplus of Rs.9,54,81,240 arising out of this was credited to revaluation reserve.

1985 - The name of Comp. was changed from Hyderabad Asbestos Cement Products, limited to Hyderabad Industries, limited with effect from 11th November.

1986 - A letter of Intent was obtained for manufacture of bag packing machines & systems. The Comp. also proposed to take up the manufacture of power drive pumps of all types, centrifugal etc. It was also proposed to enter into the field of consultancy & contracting in relating to various industrial projects. Applications were also made for industrial licences for manufacture of [is] fibre reinforced calcium silicate boards; [iis] captive jig washeries, [iiis] extractions, handling & sampling equipment & systems for ore & minerals including coal & [ivs] styrene tubacliene rubbers by promoting a new company.

- In May, the Comp. supplied plant & machinery & technical assistance to Malabar Building products Ltd., promoted by Kerala Industrial Development Corporation limited & also participated to the extent of Rs.43.69 lakhs in the equity capital of company.

1987 - The Comp. was forced to declare a lock-out at its Ballabgarh unit from 14th October to 21st March, 1988 due to labour unrest.

1988 - 28,33,560 bonus equity shares issued in prop. 1:1 [Allotment of 1,32,832 shares pendings].

1989 - The Comp. signed a Memorandum of Understanding with M/s. Machinoimport of USSR for technical know-how & assistance for the manufacture of extraction, handling & sampling equipment & systems for ore & minerals including coal.

- The balance 1,32,832 bonus shares were allotted.

1990 - Production declined due to inadequate availability of raw asbestos & depressed market for asbestos cement pressure pipes.

1991 - The agreement with Umm-Al Quwain Asbestos Cement Industries, UAE, was extended for a period of 1 year from January. The Comp. has been renewing its agreements with Nigerian Asbestos Industries limited since the expiry of initial technical agreement.

- With effect from 1st April, the heavy engineering division including steel foundry of Hindustan Motors, limited at Uttarpara, West Bengal was transferred to the company. In terms of the Scheme of Arrangement sanctioned by High Courts at Calcutta and Hyderabad, 1,75,000 No. of equity shares of Comp. of Rs.10 each at a prem. of Rs.50 per share were allotted to Hindustan Motors, Ltd.

1992 - The Comp. was planning to put up a Cement Gruinding Unit with a capacity of 60,000 tonnes per annum at Jasidhi, Bihar.

- During July, the Comp. issued 12,46,766 -15% secured redeemable partly convertible debentures of Rs.160 each on rights basis in the prop. of 11 debentures 50 No. of equity shares held. Allotment of 506 debentures was kept in abeyance.

- 13,05,511 No. of equity shares allotted on conversion of debs. 1,75,000 No. of equity shares issued to Hindustan Motors, limited as per the scheme of Arrangement [prem. Rs.50 per shares].

1993 - The Comp. entered into a technical collaboration with Mogensen Technology AB, Sweden to manufacture special screens, sizers and feeders.

- Another 62,338 - 15% partly convertible debentures of Rs.160 each were offered to the employees. Only 16,465 debentures were taken up. Out of remaining 42,786 debentures were allotted to Financial Institutions till 31st March.

- Part `A' of Rs.60 of each debenture was to be converted into one equity share of Rs.10 each at a prem. of Rs.50 per share on the expiry of six months from the date of allotment of debentures.

- Part `B' of Rs.100 of each debenture will be redeemed at par in three annual instalments of Rs.33, Rs.33 & Rs.31, respectively on the expiry of 8th, 9th & 10th year from the date of allotment of debentures. 1994 - As a step towards diversification into new range of building products, the Comp. entered into a technical collaboration agreement with Building Technologies Australia Pty. Ltd. Australia to manufacture pre-fabricated building panels.

- Another technical collaboration agreement was entered with Peiner Hebe-Und Transport systeme, Germany for manufacture of Tower Cranes.

- The Comp. has entered into a technical collaboration with Mogensen Technology AB, Sweden to manufacture Special Screens, Sizers & Feeders.

1995 - The Comp. was in the process of setting up a project for production of Autoclaved Aerated Concrete blocks at Chennai, Tamilnadu.

- The Comp. entered into a technical collaboration agreement with M/s. Nippon Gasket Comp. Ltd., Japan for manufacture of jointings of international quality to meet OEM requirement.

- The Comp. was awarded Certificate of Merit by Chemicals and Allied Products Export Promotion Council for outstanding export performance.

1996 - The performance of Heavy Engineering division was affected adversely due to the sluggishness in the core sector industrial activity & also due to delays in the finalisation of orders from mining & infrastructure projects.

- The Comp. proposed to set up a plant at Vijayawada, Andhra Pradesh for production of fibre cement sheets & accessories. The project was expected to be operative in the first quarter of 1998.

1997 - Hyderabad Industries Limited [HILs], launched aerocon panels, termed as an economic alternative to brick, wood & hollow blocks.

1998 - The Comp. entered into a marketing alliance with the $ 1 billion Wilson art International of US to offer Eurostone decorative surfacing material in the country.

1999 - The Comp. has entered into agreements with thermal power stations in the country for procuring a substantial quantity of fly-ash regularly as the consumption of plant would be around 90000 tonnes per annum.

2000 - The Comp. has entered into a technical collaboration with Geomeccanica of Italy, a CMV group Comp. for manufacture of Hydraulic Piling Rigs in India.

2004

-Appoints Mr. O.P.Jagetiya as a Director & Managing Director [MDs] of Comp. for a period of 3 years

-Shares delisted from Hyderabad Stock Exchange & Calcutta Stock Exchange.

2007

-Hyderabad Industries Ltd has appointed Shri.R.S.Garg as Comp. Secretary & entrusted the responsibility & functions of Compliance Officer with effect from 31st January, 2007.

2009

- Hyderabad Industries Ltd has informed BSE that the Board of Directors of Comp. at its meeting held on January 27, 2009, inter alia, has appointed Mr. Yash Paul, as an Additional Director of Comp. to hold office up to the date of next Annual General Meeting. Mr. Yash Paul is also nominated, as Member, on Audit Committee, Remuneration Committee & Investors Relation Committee of Board.