CPEC Ltd. వార్షిక వృద్ధి వివరాలు ఆధారంగా కంపెనీ చరిత్ర

YEAR EVENTS
1942 - The Company was incorporated as a private limited company on 4th
September, and as a public limited company on 14th February, 1979

- The Company's object is to manufacture various elements of
mechanical power transmission equipment such as worm reduction
gears, spur gear boxes, variable speed devices, flexible
couplings and drives.

- The Company was promoted by Pheroze B. Karanjia to manufacture
various elements of mechanical power transmission equipment such
as worm reduction gears, spur gear boxes, variable speed devices,
flexible couplings and drives.

1963 - The Company obtained technical know-how from the erstwhile
Crofts (Engineers), Ltd., U.K. for its products. Crofts
(Engineers), Ltd., U.K. subsequently became a part of Renold,
Ltd., U.K.

- Until 1979, 88% of the equity capital of the Company was held by
Mr. Pheroze B. Karanjia and his family, associates and the
balance 12% was held by Renold, Ltd., U.K.

1977 - Till date 2,000 shares issued without payment in cash and 17,500
bonus shares issued (10,000 shares in prop. 1:2 in 1972 and
7,500 shares in prop. 1:4 in 1976).

1979 - The Company became a public limited company as 51% of the capital
was sold to Voltas Ltd., and other Tata Associated Companies.

- Subsequently, the company decided to expand its activities by
diversifying into new transmission products manufactured by the
Renold Group in the U.K. As a part of this scheme, Renold Ltd.,
increased their holding from 12% to 26% in the equity capital of
the company and provided technology for the additional items as
well as for some of the items currently under manufacture for
upgrading the technology.

- In September, the company voluntarily transferred the sole
agency for Renold, Ltd., U.K. to Voltas Ltd. The Company,
however, would continue to be associated actively with the
technical assistance and service in India. Renold's imported
equipment. Voltas, Ltd., was also appointed as distributors for
the company's standard products for the whole of India excluding
Mumbai city and Maharashtra.

1982 - 25,000 bonus shares issued in prop. 2:1.

1983 - Simultaneously with the public issue of capital during September,
some of the then existing shareholders offered for sale to the
public out of their holding, 62,000 No. of equity shares of Rs.10
each at a prem. of Rs.2 per share.

- The objects of the public issue of capital and offer for sale
during September was to raise a part of the funds required for
meeting the capital expenditure for the expansion and
diversification at Thane and Taloja and to get the shares of the
Company listed on the Stock Exchange.

- Shares subdivided on 29th April, 5,75,000 shares issued (prem.
Rs.2 per share). 2,37,000 shares reserved and allotted to
Renold, Ltd. U.K. and 3,38,000 shares offered to the public in
Sept. 1983.

1984 - The operations, had to be suspended due to the labour problems.

- Work at Taloja and Thane were suspended in August, due to labour
troubles.

1986 - With effect from 28th January, the name of the Company was
changed from Communication & Power Equipment Co. Ltd., to
CPEC Ltd.

1987 - The demand for the company's products came down due to recession
in capital goods industries.

1988 - The Company came under the provisions of the Sick Industrial
companies (Sp. Provisions) Act, 1985 and a reference was made to
the Board for Industrial and Financial Reconstruction as per the
requirements of the Act.

1989 - Production and sales declined due to paucity of working capital,
poor labour relation and absence of infrastructure to market
Company's products.

1990 - A settlement was arrived at with the workmen and the staff for a
period of 3 years from 1st January.

1992 - Sales and production further declined due to increase in the
overhead costs and continuing recession in the industrial sector.
However due to better product mix realisation per unit was
higher.

- In order to expand the range of products currently manufactured
and also of diversify its production range by adding other
elements of mechanical power, transmission equipment, such as,
helical gear boxes, spring clutches, mechanical pneumatic
clutches, geared motors, worm reduction gears about 12" and upto
24" and motorised variable speed units, the company undertook to
set up new facilities at Taloja in the Raigad district of
Maharashtra State.

- A technical collaboration was also entered into with Renold, Ltd.
U.K. No royalty or lumpsum payments are involved under the
technical collaboration agreement.

2008

-The Company designated email id of the Grievance Redressal Division of the Company as: [email protected]

2013

-Registered office of the company has been changed from 505, Sai Samarth Business Park, Deonar Road, Deonar, Mumbai - 400088 to 11, 211-219, Bharti Bhavan, opp. Govt. dental College, P. DMello Road, Fort Mumbai - 400001

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