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History of NCL Seccolor Ltd.

YEAR EVENTS 1986 - The Comp. was incorporated on 22nd December at Hyderabad. The Comp. was promoted by Shri K. Ramachandra Raju & Associates along with Andhra Pradesh Industrial Development Corporation limited [APIDCs] & NCL Industries Ltd.

- The main object of Comp. is to Manufacture pre-painted cold rolled steel profiles for use in doors, windows, partitions & railings.

- The Comp. entered into an agreement with M/s. Industries Secco S.p.A., Italy for transfer of technical know-how, designs & drawings, engineering services, training, start up assistance, production & development assistance to enable the Comp. to manufacture prepainted cold rolled steel & profiles suitable for doors, windows, railings & fences & accessories for assembly, locking & movement.

1988 - 1,100 Shares subscribed for by promoters, etc. 42,88,900 shares were then allotted:

- [is] 97,500 shares to NCL industries, Ltd;

- [iis] 1,00,000 shares to NRIs on repatriation basis;

- [iiis] 13,66,400 shares to Indian resident directors, their friends etc. and

- [ivs] 3,85,000 shares to APIDC. Out of remaining 23,40,000 shares, the following shares were reserved for preferential allotment:

- [is] 2,14,500 shares to employees etc./workers of Comp. & those of promoter companies [only 8,900 shares taken ups];

- [iis] 2,34,000 shares to shareholders of promoter companies [only 1,56,100 shares taken ups] and

- [iiis] 2,50,000 shares to UTI [all were taken ups]. The balance 16,41,500 shares along with the unsubscribed portion of 2,83,500 shares out of preferential quota, were offered for public subscription during January 1989. Additional 3,51,000 shares were allotted to the public to retain oversubscription.

1991 - 9,28,200 No. of equity shares allotted at par [Prop. 1:5s].

1992 - The Comp. created additional infrastructure for conversion of the profiles into doors & windows.

- The Comp. also had taken up the manufacture of profiles for false ceiling, partitions, low cost doors & prefab housing.

1994 - The Comp. introduced shutter sliding window system which received good market response.

2002- K Madhu resigns as MD from the Board of NCL Seccolor.

2004

-NCL Seccolor been amalgamated with Alltek Coating