History of Rajinder Pipes Ltd.

YEAR EVENTS 1986 - The Comp. was incorporated on 30th October, as a Public Limited Comp. under the name & style of Rajinder Pipes & Leasing Limited. The Comp. was promoted by D.S. Batra & Smt. G.K. Batra. The Comp. is presently engaged in the manufacture of 25,000 tpa steel pipes/tubes of diameter 15 mm - 50 mm at Ravia Industrial Area, U.P.

1989 - RPL diversified its product range by installing the second tube making line of capacity 25,000 tpa to manufacture pipes/tubes in the diameter range of 65 mm to 200 mm.

- The Comp. proposed to go for a forward integration project of setting up facilities for manufacturing 15,000 tpa High Tensile Steel Strappings [HTSSs] & 10,000 tpa cable Armour Tapes [CATs] at Raipur, Madhya Pradesh.

- The Comp. has signed an agreement with Technomatic of Italy for providing engineering & technology for manufacture of HTSS at a total fee of US $2,50,000.

- The Comp. has also entered into a Licence agreement with Samuel Manu-Tech Inc. Canada to acquire the rights & licence to use the patents & install, maintain & use equipments to manufacture steel strapings, at a consideration of $10 Canadian per tonne of steel strapping produced.

1990 - The company name was changed to Rajinder Pipes Limited on 13th March.

1992 - 32,70,000 No. of Equity shares issued on conversion of 3,27,000 - 16% FCDs offered on Rights basis.

1993 - The Comp. has undertaken a prestigeous project for the manufacture of HTSS & CAT.

1995 - The Comp. made a public issue of 128,03,200 shares of which 12,50,000 shares at a premium of Rs 30 per share were allotted to promoters, directors & their relatives of remaining the following shares were allotted on firm allotment basis; [is] 20,00,000 shares at a premium of Rs 35 per share to Mutual Funds, [iis] 14,80,000 shares at a premium of Rs 35 per share to Indian Financial institutions & Banks, [iiis] 11,20,000 shares at a premium of Rs 35 per share to FIIs [ivs] 15,00,000 shares at a premium of Rs 35 per share to NRIs. 11,50,000 shares at a premium of Rs 30 per share are allotted on preferential basis to group shareholders [RSLs]. Balance 43,03,200 No. of equity shares at a premium of Rs 30 per share were allotted to the public [all were taken ups].

- The Comp. allotted 15% secured fully convertible rights debentures of Rs 300 each to the equity shareholders in the proportion of 1 debentures for every ten existing equity shares held. Each debentures can be converted into ten equity shares of Rs 10 each at a premium of Rs 20 per share on the expiry of 18 months from the date of allotment.

1996 - 65,40,000 No. of Equity shares issued on conversion of 15% FCDs.