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History of Digital Electronics Ltd.

YEAR EVENTS 1973 - The Comp. was incorporated on 27th February, as a private limited Comp. to take over as a going concern the business of manufacture of electronic instruments & equipments carried on by Shri K.R. Dalal under the name and style Digital Logic Corporation as the sole proprietor. This firm has developed strip chart recorders as per indigenous design.

- Original shares of Rs.100 were subdivided subsequently. All shares taken up by promoters, directors, etc.

1974 - The Comp. entered into technical collaboration with Bauch & Lomb Inc., USA for technical know-how for manufacture of strip chart recorders and XY plotters.

1975 - The Comp. was converted into a public Comp. on 30th December.

1976 - Simultaneously with the public issue during May, the then existing shareholders offered for sale at par 42,200 shares to the public.

- In May, 37,000 No. of equity shares offered to the public.

1983 - Production of existing series of instruments was temporarily suspended.

- The Comp. entered into a collaboration agreement with International Products and Techologies S.R.L., U.S.A. for a new range of recording instruments.

1986 - The Comp. implemented a project for manufacture of computer peripherals under the licence from Houston Instruments, a division of Amelete Inc., USA.

- 1,05,600 rights equity shares issued at par in prop. 4:5.

1987 - The Comp. introduced time & attendance systems, manufactured under the licence from Kronor Inc., U.S.A.

1992 - The Comp. entered into a collaboration with Eurotherm Chesseli limited U.K., for a new range of microprocessor based recording instruments.