History of Tata Advanced Materials Ltd.

YEAR EVENTS 1989 - The Comp. was incorporated on 10th November, under the Companies Act, 1956, in the name of Matrix Material Limited & registered with the Registrar of Companies Maharashtra, Bombay.

1990 - The Comp. obtained the Certificate for Commencement of Business on 22nd January.

1992 - The name of Comp. was subequetly changed to Tata Advanced Materials Limited with effect from 18th November, on which date the Comp. obtained the fresh Certificate of Incorporation, consequent upon the change of name, from the Registrar of Companies, Karnataka, at Bangalore.

- The Comp. is in the process of setting up a project for manufacture of compoiste products which are made from matrices like polymers, ceramics & metals, along with reinforcements like organic fibres & inorganic fibress.

- The compoiste products, manufactured using advanced technology, are characterised by their extremely light weight, yet very strong physical properties, & their high corrosion resistance. With such properties, composites find application in diverse fields like light weight armour, transportation, engineering equipment, structural engineering, transmission towers, components for aviation industry, & a variety of other engineering sectors.

1995 - During the year the Comp. raised Rs. 63,313,000 by way of Share Capital consisting of 2,700,000 No. of equity shares of Rs. 10 each from the public & 3,361,300 No. of equity shares of Rs.10 each from the promoters & their associates.

- Mr. V. P. Shenoy has resigned from the position of Managing Director & Director w.e.f. 27th June & the Board wishes to place on record its appreciation of services rendered by him since inception of Company. Mr. K. Sankaran Nair, Mr. D. S. Pendse, Brig, K. Balasubramaniam [Retd.s] & Mr. Syamal Gupta, Directors of Comp. retire by rotation & being eligible, offer themselves for re-appointment.

1996 - The Comp. received top exporter award for year 1993-94 from The Plastics and Linoleums Export Promotion Council under the category of PVC fabricated goods in respect of Company export of bullet proof jackets.

- The Comp. has entered into a technical collaboration with Norline Transport Systemer A/S, Norway, which is engaged in the manufacture & distribution of light weight containers in reinforced plastics in Europe.

- The Comp. was awarded second prize of National Award instituted by Dept. of Defence for Excellent performance in the indigenisation of defence stores and equipment in July.

1997 - The Comp. signed a Memorandum of Understanding with McDonnell Douglas for manufacture of Radomes for certain Aircrafts manufactured by them.

- The Directors regret to report the demise of Mr. Ramesh K Bhasin, Director of Company. The Board has appointed Mr.S.H.Rajadhyaksha as Director in the place of Mr.Ramesh K Bhasin.

- The Comp. has entered into financial lease agreements with Tata Finance Ltd., for assets, the cost of which aggregates to Rs. 31,66,805.

1998 - The Comp. has entered the telecom shelter business during the year.

2000 - The scheme approved by AAIFR includes conversion of intercorporate deposits of Rs. 15.80 crores from Tata Industries Ltd., to the Comp. into equity shares at a face value of Rs 10/- each & the Comp. has been directed to issue shares on 20th September.

2001 - Tata Industries Ltd., promoter of Comp. holds 77.26% of paid-up equity share capital of company,

- The Comp. has entered into an agreement with National Securities Depository Ltd., and Central Depository Services [Indias] Ltd., for dematerialisation of equity shares.