History of Transpek Industry Ltd.

YEAR EVENTS 1965 - The Comp. was incorporated at Atladra. It Manufacture sodium hexameta phosphate, phosphoric acid, tri sodium phosphate, sodium tri poly phosphate, hexa chloro cyclo pentadiene & allied chemicals.

1976 - 4,000 bonus shares issued in prop. 4:5. 1,000 Rights shares then issued at par in prop. 1:9.

1978 - Shares sub-divided. 1,50,000 shares issued at par to public in September.

1979 - Kalali Chemicals, Ltd., was amalgamated with the Comp. with effect from 1st January.

1980 - 2,50,000 Shares allotted without payment in cash to members of Kalali Chemicals, Ltd., on its merger.

1984 - 4,00,000 bonus shares issued in prop. 4:5. Arrears of Rs. 251.

1985 - The Comp. issued 1,25,000 - 15% non-convertible debentures of Rs 100 each [65,000 debentures of `A' series & 60,000 debentures of `B' seriess] on private placement basis to UTI, redeemable in three equal instalments at the end of 6th, 7th & 8th year from the date of allotment at a premium of 5%. Of these, 65,000 of series `A' was for working capital requirements & 60,000 of series `B' for modernisation purpose.

1987 - The Comp. entered into collaboration with S and D Oil Technics B V Netherlands for supply of technical information and know how for production of oil field chemicals.

- The in-house R&D centre developed two new products, viz., 2 CPC & sulphatran during the year.

1988 - The Comp. allotted 1,75,000 - 14% [`C' seriess] non-convertible debentures of Rs 100 each on private placement basis to UTI, LIC, GIC, etc. These debentures are to be redeemed in 5 equal instalments at a premium of Rs 5 per debenture at the end of 5th, 6th, 7th, 8th & 9th year from the date of allotment i.e. on 9th February, 1989.

- Transpek Marketing Ltd., is a subsidiary of Company.

1989 - 7,20,000 Rights shares issued at par in prop. 4:5. Another 2,00,000 shares issued at par to employees but only 1,91,800 shares taken up. The balance 8,200 shares allowed to lapse.

1990 - The pilot plant of TMTD was commercialised. In addition it was proposed to commercialise Trichloro Acetyle Chloride, an intermediate for chloropyriphose, a new generation insecticide besides making investments in a rubber chemicals plant.

- The Comp. set up a 1,500 TPA Chloro Acetyle Chloride plant for National Petrochemical Comp. [NPCs], a Government of Iran undertaking.

- 7,24,720 bonus shares issued in prop. 2:5 on 21.11.1990.

1991 - A plant for trichloro acetyl chloride was established.

1992 - 15,21,912 bonus shares issued in prop. 3:5. 10,14,608 Rights shares issued at par for cash at a prem. of Rs 110 in prop. 2:5.

1993 - The Comp. commissioned the S03/oleum plant as backward integration plan & also commissioned production of rubber chemicals viz., accelerations.

1994 - The Comp. signed an MOU for establishing facilities for one of its products. The Comp. proposed to develop alternative technology for Thionyl Chloride & hydro to improve upon the current process of manufacturing.

- The Comp. also proposed to develop special grade of existing products to cater to a variety of application & to create additional market.

1995 - The Comp. undertook expansion of its capacity for Sodium Hydro Sulphite, Thionyl Chloride & MBT.

1996 - The Comp. converted one of its sulphoxylate plants into a multipurpose plant in order to satisfy increased requirements. The Comp. achieved full capacity utilisation in CAC plant.

- The Comp. undertook expansion of its capacities for manufacture of sulphoxylates, chloro compounds & Accelerators.

- The Comp. entered into a strategic alliance with MTZ [Indias] limited & Metadust [Indias] limited & also contributed Rs 95 lakhs towards 50% equity of Joint Venture Comp. viz. Transpek Metals & Oxides Ltd.

2000 - Vadodara-based Transpek Industry, a Rs 174-crore chemicals company, has entered into an agreement with Belgium-based Societe Industrielle Liogeoise des Oxydes SA, to form a joint venture Comp. by offloading stake in its subsidiary Transpek Metals & Oxides.

2008

-Transpek Industry Ltd has appointed Shri. Ninad D Gupte as additional Director on the Board of Directors of Comp. w.e.f. June 07, 2008.