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History of TRF Ltd.

YEAR EVENTS 1962 - The Comp. was incorported on 20th November, at Jamshedpur. The Comp. was promoted by Tata Iron and Steel Co. Ltd., [TISCOs] & Associated Cement Companies Ltd., [ACCs] in financial & technical collaboration with Hewitt-Robins, Inc., of U.S.A. [now known as the Hewitt-Robins Division of Litton Systems Inc., of U.S.A.s] & the General Electric Co., Ltd., U.K.

- The main objective of Comp. is to manufacture of material handling equipment such as idler rollers, vibrating screens, sectional & mine conveyors, industrial chains, wire screen cloth, winders, tipplers, crushers, ore & coal preparation equipment, & coal cutters & undertaking 'Systems Contracts' for such equipment including design, manufacture, supply and installation of equipment.

1973 - 5,000 shares issued to ICICI upon conversion of loan.

1976 - 16,250 Bonus shares issued in prop. 1:3.

1978 - Shares subdivided. 5,07,500 shares of Rs. 10 each issued at a prem. of Rs. 4 per share: 65,000 shares reserved for the Company Indian employees, directors, etc. & 4,42,500 shares offered for public subscription during July.

1985 - 6,90,000 No. of Equity shares issued at par in part conversion of 2,30,000-13.5% bonds of Rs. 130 each.

1987 - The Comp. obtained foreign technical know-how for the manufacture of extensible belt conveyors in collaboration with Kurimoto of Japan to expand the Company range of manufacture of various types of crushers.

- 11,11,672 No. of equity shares allotted [prem. Rs. 5 per shares] in part conversion of 12.5% debentures on 1.3.1989.

1988 - A substantial portion of Company business comprises execution of turn-key contracts which were executed over a period of two to three years depending upon the magnitude of the project. The drop in turnover was due to the fact that there were no major contracts which reached substantial completion during the year.

- The Comp. also took up the manufacture of stamping charging pushing machine & charging gas cleaning cars for Tata Steel.

1989 - A repeat order was received from Tata Steel for a stamping charging pushing machine & charging gas cleaning car for its coke oven battery No. 6.

- A portion of Rs. 60 of each debenture was to be compulsorily converted into 4 equity shares of Rs. 10 each at a premium of Rs. 5 per share as on 1st March.

- The non-convertible portion of Rs. 100 of each debenture would be redeemed at par after the expiry of 7 years from the date of allotment of debentures.

- Drop in Company turnover was due to the fact that there were no major contracts which reached substantial completion during the year.

1994 - As a part of its diversification plans, the first phase of the steel service centre was implemented.

- 15,60,108 shares allotted on rights basis.

1995 - Comp. has been awarded Iso 9001 certification during the year.

- During February the Comp. made a Rights Issue of 15,60,836 equity shares of Rs. 10 each at a premium of Rs. 15 per share in the ratio of 1:2 [only 15,60,148 shares were taken ups]. The remaining 688 shares were reserved for allotment as per approval of Regional Stock Exchange, Patna.

1996 - The expansion plans for putting up a composite steel service centre at Bara near Agnrio Jamshedpur made satisfactory progress. The additional slitting lines were commissioned & a pickling line was under advanced stage of installation.

- Tata-Ryerson limited was formed to provide value added steel service centre facilities throughout the country. In addition, the company steel service centre at Bara with all its plants, machineries & buildings etc. were to be sold by negotiation to Tata Ryerson Ltd.

1997 - The Comp. had sold its steel service centre assets & Bara for a consideration of Rs. 14 crores to Tata-Ryerson Ltd.

- As a part of its ongoing technology upgradation & innovation programme the Comp. has signed an MOU with M/s. Tip-Top Saar GmbH, Germany for acquiring state-of-the-art knowhow for conveyor belt reconditioning plant.

- In order to augment the long term resources for its working capital requirements & for modernisation of its plant facilities, the Comp. offered during June/July 1988, 2,88,540-12.5% secured partly convertible debentures of Rs. 160 each for a total value of Rs. 461.66 crores. Out of total issue, 2,74,500 debentures were offered to the equity shareholders of Comp. on a right basis in the ratio of 4 debentures for every 25 equity shares held & the balance 13,740 debentures were offered to the employees [including Indian working directorss]/workers of Comp. on equitable basis. Unsubscribed portion, if any, of employee quota was to be allowed to lapse. Accordingly, the Comp. allotted 2,74,800 debentures to the equity shareholders & 3,118 debentures to the employees.

- 53 shares out of 635 shares whose title was in dispute, issued.

1998 - The Comp. successfully commissioned the projects of Stamp Charging machine for Tata Steel Battery No.8, Coal Dust Injection Systems for SAIL, Coal Handling Plant for Rajasthan and Andhra Pradesh.

1999 - Amalgamation of M/s. Tata Material Handling Systems Ltd., [TMHSs] & Tata Technodyne limited [TTDLs], with the Comp. effective 1st April was approved in the Board Meeting held on 30th March, 1990.

2007

-TRF Ltd has appointed Mr. Sudhir L Deoras as an Additional Director of Comp. with effect from January 22, 2007.