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History of TTK Prestige Ltd.

YEAR EVENTS 1955 - TTK Prestige Limited was incorporated as a Private Limited Comp. at Madras under the name & style 'T T Private Limited' on 22nd October 22nd. The registered office was shifted to Bangalore & a fresh certificate of incorporation was obtained.

- The Comp. became a deemed public limited Comp. on & from June 15th 1988 under the provisons of Section 43A of Companies Act, 1956.

- In 1984 the Comp. launched 'Prestige Pressure Pan'. In 1992, the Comp. successfully launched its product under the brand name 'Manttra' in the US market.

1990 - The Company foods division launched ready-to-eat snacks, Fryums, in India.

1992 - The Comp. issue 95576 No. of Equity Shares were allotted during this year as fully paid up Bonus Shares by capitalisation of reserves in the ratio of 1 : 1.

1994 - The name of Comp. was changed from TT Limited to TTK Prestige Limited on 23rd June, & a fresh certificate of incorporation was obtained from the Registrar of Companies.

- TTKPL commenced the manufacture of pressure cookers in 1959 with technical collaboration from Prestige Group, U.K. who are the pioneers in the pressure cooker business.

- The Company project for manufacture of Non-Stick Cookware with technical tie-up from Dupont, U.S.A. has progressed satisfactorily.

- During the year, the Comp. alloted Bonus Shares at the rate of 1 share for every 3 shares held aggregating to 3,82,304 shares of Rs.10 each on 30th June. The Company also issued 30,20,000 Equity shares of Rs.10 each at a premium of Rs.80 per share to the residents including Financial Institutions & 3,00,000 shares of Rs.10 each at a premium of Rs.10 each at a premium of Rs.115 per Share were alloted to Foreign Institutional Investors.

1995 - The Comp. issued through Prospectus 28.95 lakh equity shares of Rs.10/- each at a premium of Rs.80 per share, which included a firm allotment of 55,000 shares to Unit Trust of India.

1996 - During the current year, the Comp. has introduced Silver Stone range in selective markets & the same is well received. The Comp. is also entering into Kitchen Tools Project & necessary technical tie-up is being finalised.

1998 - The Comp. introduced new models in the US market which have been received well. The Comp. has also made an entry into the UK & Australian markets during the year.

- Mr. T.T. Raghunathan, Dr. [Mrs.s] Latha Jagannathan & Mr. K. Shankaran, the Directors retire by rotation & are eligible for reappointment. Mr. T.T. Jagannathan has been re-appointed as Managing Director for a period of five years from 1st July.

2000 - Mr. Jagannathan is appointed as the Chairman of TTK Group & also the Managing Director of TTK Prestige Ltd.

- TTK Group is close to finalising sale of foods division as part of its plant to exist the non-core businesses.

- TTK LIG, a joint venture between Seton Scholl Healthcare Plc & TTK Group is the world largest condom maker, manufacturing close to a billion condoms per annum.

- The Comp. has launched Prestige Omega non-stick cookware.

2001 - The Comp. manufacturers of kitchenware, has launched a new range of vacuum flasks with imported shells.

- TTK Prestige has launched vacuum flasks with imported shells.

- TTK Prestige chairman & managing director TT Jagannathan has been made executive chairman wiht effect from 5th April.

2002-TTK Prestige Ltd has informed that Mrs Padma Narasimhan, a Director on the Board of Directors passed away on September 11, 2002.

2003

-TTK Prestige Ltd has recast its debt portfolio by converting majority of its borrowings into ECBs & FCNRB loans aggregating to US$ 9.5 million

2004

- The Comp. inaugurated the exclusive TTK Prestige showroom in Vijayawada on May 7.

-Shares of TTK Prestige Ltd delisted from the Madras Stock Exchange from May 31.

2005

-TTK Prestige sets up 47th 'Smart Kitchen' in Pondicherry

- Comp. obtains License for 'Prestige' brand for use in USA.

-TTK Prestige launches new product 'Prestige Nakshatra'.