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History of Rajendra Mining Spares Comp. Ltd.

YEAR EVENTS 1981 - The Comp. was incorporated as a Pvt. limited Comp. on 11th August, & was converted into a Public limited Comp. on 25th April, 1991. It was promoted by R.D. Seth, P.S. Gandhi, Dr. P.B. Kangutkar. The Comp. has been engaged in the supply of selected parts & components of certain types of heavy machinery. Over 50 different major items of spares for USC in different equipments like excavation, loaders, dozers etc. are being manufactured.

1993 - The Comp. entered into an agreement with Sulzer Metro AG., Switzerland on 30th November, for technical know-how, supply of proprietory & key equipments etc.

1994 - A similar agreement was entered into with TAFA Incorporated, U.S.A. & Hobart Lasers and Advance System U.S.A. on 27th June.

- 5,35,121 No. of equity shares of Rs 10 each issued, subscribed & paid-up. 48,53,579 No. of equity shares of Rs. 10 each were then issued at par of which following were reserved for allotment on a firm basis: [is] 13,19,779 shares to Indian promoters, directors etc. [iis] 2,50,000 shares to 20th Century Asset Managment Corporation limited [iiis] 2,00,000 shares to Apple Mutual Fund, [ivs] 2,50,000 shares to Taurus Mutual Fund. Of the remaining 8,40,000 shares & 4,000 shares reserved for allotment on a preferential basis to NRIs & employees respectively. Balance 19,89,800 No. of Equity shares along with 4,000 shares not taken up by employees issued to the public. Additional 33,200 shares allotted to retain over subscription.

1997 - The Comp. proposed to diversify by setting up a project for reclamation/renovation/remanufacture & salvaging of variety of worn out high cost parts & components of heavy machinery and equipment by using hi-technology. The item of plant and machinery include various equipments for surface preparation, thermal spraying etc.