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History of National Peroxide Ltd.

YEAR EVENTS 1954 - The Comp. was incorporated on 16th March. It was promoted by the Bombay Dyeing and Mfg. Co. limited with the technical collaboration of Laporate Industries Ltd., U.K. The technical collaborators also participated in the share capital of company. The company objects is to manufacture hydrogen peroxide & sodium perborate.

1956 - A hydrogen peroxide plant, the first in India based on the electrolytic process was set up by Comp. at Wadala, Mumbai, with a licensed capacity of 720 tonnes per annum of 35% by weight hydrogen peroxide, i.e., 252 tonnes of 100% hydrogen peroxide.

1960 - The manufacturing range at the Wadala plant was extended by establishing a plant for manufacture of sodium perborate with a capacity of 500 tonnes per annum.

1962 - The hydrogen peroxide plant at Wadala was further expanded to an annual capacity of 1,050 tonnes to 100% hydrogen peroxide.

1966 - 7,200 bonus shares issued in prop. 1:5.

1969 - 9,600 bonus shares issued in prop. 2:9.

1970 - In June, Laporate Industries merged its peroxide interests with Solray et Cie, Belgium. With this merger, Solray also became a shareholder of Company.

1972 - The Comp. entered into a Licence Agreement dated 2nd November, with Laporate for manufacture of 2,500 tonnes per annum of 100% hydrogen peroxide by auto-oxidation process.

1973 - 24,640 right equity shares issued in prop. 7:15 in October.

1978 - 77,440 bonus shares issued in prop. 1:1.

1980 - A Research & Development Centre [R and D Centres] was established.

1981 - The R and D centre was accorded recognition by Department of Science & Technology, Government of India. Considerable new equipments & activities were added during the year.

1982 - Letter of Intent was received for expanding the capacity from 6,000 tonnes to 12,000 tonnes per annum of 35% hydrogen peroxide. Steps were taken to set up the expansion project at the existing site of its hydrogen peroxide plant at Kalyan. The design & engineering packages for this project were provided by Laporate Industries. The plant was commissioned during 1988.

- In order to ensure self-sufficiency in the supply of hydrogen, it was decided to set up an integrated hydrogen plant.

- Production of hydrogen peroxide declined due to reduced demand, erratic & irregular supply of hydrogen gas & labour problems at the company plant.

- The domestic sales of hydrogen peroxide reduced substantially due to the prolonged textile strike & power cuts in the states of Karnataka, Gujarat & Tamil Nadu.

- Letter of Intent was received for manufacture of 4,000 tonnes per annum of plastic additives. A project for manufacture of plastic additives was proposed to be established at Dewas in Madhya Pradesh.

- The R and D activities continued to expand. One of notable achievements during the year was the development & commercialisation of process for cold bleaching for textile using hydrogen peroxide. Significant progress was also made in promoting the use of hydrogen peroxide in newsprint plants.

1983 - A letter of Intent was received to set up a plant with 6 million cubic metres per annum hydrogen capacity. The plant was to be set up at Kalyan, the existing location of Company hydrogen peroxide plant. Humphreys and Glasgow consultants Pvt. limited was appointed consultants for providing consultancy service related to engineering, procurement, construction, supervision & commissioning assistance for complete hydrogen plant. It was commissioned during 1986-87.

- A Collaboration agreement was finalised with Arugus Chemicals Division of Witco Chemical Corporation, USA. Site for this project was acquired. Various other matters relating to financial & engineering aspect were progressing satisfactorily.

- The Comp. lost production for 4 months due to non-availability of hydrogen gas as a result of suspension of operations by the suppliers on Acc. of lockout at their plant.

- The activities continued to expand in the areas of product and process research. Favourable results were obtained in field trials with clacium peroxide coated rice seeds. Work was also undertaken on the development of inexpensive solar water heater systems using easily available materials.

- The manufacturing activities had to be completely stopped from November due to lock-out at the National Rayon plant. The working resumed only in March 1985 when the Comp. started to receive supply of hydrogen from Standard Alkalies.

1984 - With a view to expanding the manufacturing capacity to 4,200 tonnes per annum of 100% hydrogen peroxide, the Comp. entered into a Supplemental Licence Agreement with Laporate & Solray & an Engineering Services Agreement with Laporate, both the agreements dated 13th May.

- Under the Engineering Services Agreement, Laporate was to provide all kinds of technical assistance in the areas of designing, construction & commissioning of expanded hydrogen peroxide plant.

- The Comp. entered into a Licence Agreement dated 9th April, with Argus Chemical Corporation U.S.A. [Arguss], for manufacture of plastic additives.

1985 - During March, the Comp. issued 75,000 No. of equity shares of Rs.100 each at a prem. of Rs.220 per share linked with 3,35,000 - 13.5% secured non-convertible debentures of Rs.100 each at par. Out of total issue:

- [is] 14,598 No. of equity shares reserved for preferential allotment to the company foreign shareholders/collaborators;

- [iis] 3,020 No. of equity shares linked to 16,750 debentures were reserved for preferential allotment to the employees of Comp. & - [iiis] 57,382 No. of equity shares linked to 3,18,250 debentures were offered for public subscription.

- The objects of issue of equity shares & debentures in March were: - [is] To enable the Comp. to have its equity shares & debentures listed on Stock Exchanges.

- [iis] To provide part of funds required for Company programme of expansion of hydrogen peroxide manufacturing capacity & financing the hydrogen gas project and

- [iiis] To meet part of working capital requirements for the existing operations.

1986 - Process know-how was developed for a number of products to be included in the production range of plastics & additives.

- 75,000 No. of equity shares issued [prem. Rs.220 per shares] linked to debentures; 7,300 No. of equity shares to Laporate Chemicals limited U.K. & 7,298 No. of equity shares to Solvay at Cie, S.A. Belgium were reserved & allotted; 3,020 No. of equity shares linked to debentures were reserved & allotted to employees [not related to directors or to directors of interconnected undertakingss] of Comp. & 57,882 No. of equity shares linked to debentures were offered for public subscription during March/April 1985.

1987 - The working results were adversely affected due to suspension of the manufacturing activities in the last quarter of year partly due to labour problems & partly for modifications associated with the expansion of existing hydrogen peroxide plant.

- The Comp. issued 1,80,000 -14% non-convertible debentures of Rs.100/- each. The debentures are redeemable at a premium of Rs.5/- per debenture after the expiry of 7 years from the date of allotment.

1988 - The turnover declined due to labour strike & shut down of Hydrogen Peroxide plant to tie in the new production facilities with the existing plant resulting in an effective working of about 9 months.

- The Comp. privately placed 1,20,000 - 14% non-convertible debentures of Rs.100/- each with LIC, GIC & its subsidiaries. These debentures are redeemable at a prem. of Rs.5/- per debenture after the expiry of 7 years from the date of allotment.

1990 - The Research & Development division developed a technology to manufacture sodium perborate monohydrate. It also developed new formulations of plastics additives to suit the special needs of the customers.

1991 - The Research & Development division developed the technology to manufacture sodium perborate monohydrate of international quality.

- Naperol Investments limited with a paid-up equity capital of Rs.24.02 lakhs & Wonderlene Investments, limited with a paid-up equity capital of Rs.6,898 are wholly owned subsidiaries of the company.

1992 - Laporate Industries Ltd., U.K. had transferred their peroxygens business to Solvay S.A. of Belgium. Hence, the Comp. will receive technical support from Solvay S.A.

- The Comp. revamped its sodium perborate manufacturing facility & the new plant was commissioned in April.

2002-National Peroxide Ltd has informed that Mr Kaustubh S Koparkar has been appointed as the Secretary of Company.

-Nusli N Wadia ceases to be a Director and Chairman of National Peroxide.

-National Peroxide Ltd has informed BSE that Mr K S Koparkar the Secretary of Comp. has resigned with effect from September 30, 2002.

2006

-National Peroxide fixes Record Date

2008

-National Peroxide Ltd has re-appointed Mr. S R Lohokare as the Managing Director of Company, for a further period of five years, w.e.f. May 01, 2008.