BRIEF HISTORY AND BUSINESS OF THE COMPANY AHMEDABAD STEELCRAFT LIMITED was originally set up as a partnership firm in late sixties. The Company had lot of teething troubles at the initial stage for getting rolling technology and also non-availability of raw materials. Thereafter, the operations of the Company was streamlined in 1972 when the partnership firm was dissolved and the unit was converted into a private limited company vide Incorporation on 14th July, 1972 under the name and style of Ahmedabad Steelcraft & Rolling Mills Pvt. Ltd. Subsequently the name of the Company was changed to its present name on 2nd January, 1989. A fresh certificate of Incorporation was obtained consequent to the change in the name from the Registrar of Companies, Gujarat. The Company initially started its operations by manufacturing most commonly used structurals like rods, flats, etc. and gradually gained expertise to roll hi-tech Sections. Subsequently, the Company also ventured into rolling more complicated Sections and full range of ISI, British and Belgium Standard Sections. Today the Company is a leading and largest manufacturer of Mild Steel Window Sections, Door & Ventilator Sections and Special Profiles. It is also a leading exporter of the Sections for the last several years and has won many awards from the Government of India. (Source : Letter issued by Gujarat Re-Rolling Mills Association) Over the years, the Company has carved out a niche for itself in the relatively difficult field for rolling steel profiles and sections to stringent international accuracy levels which speaks of the quality of equipment structure as well as the technological know-how possessed by the Company. The Company has been continuously updating the equipment structure and facilities from time to time over the years to keep abreast of technological developments and market demands, especially in window sections. Today it is the only company in India which has successfully mastered the manufacture of the entire range of window sections. The Company offers forty different range of window sections as against 4 or 5 commonly used sections offered by a very large percentage of window sections manufacturers. The Company has developed complicated Sections which were import substitutes catering to the requirements of host of other industries such as Automobiles, Constructions, Earth Moving, Engineering, Railways & Textiles. Then Company's entire production activity is based on indigenous know-how as generated by its own R & D activity and none of it has been acquired with a foreign tie-up or collaboration. The Company was also associated with the ISI in setting standards for Window Sections in the Country. The Company also has a large and well developed export base. It started its export activities way back in 1977. Over the past few years the Company has been consistently shipping 30% of the production to the shores of various countries including the United States of America, Canada, Singapore, Hong Kong, Egypt, Mauritius, Sierra Leone, Kenya, Uganda amongst others. For its excellent export performance, the company has received export awards from Engineering Export Promotion Council for 1976-77, 77-78, 78-79 and 80-81. For the past few years, the Company has been working as supportive manufacturer of Tata Iron and Steel Company Ltd. (TISCO) for their Engineering Exports Division. The Company now proposes to expand its present capacities and upgrade its manufacturing facilities. It also proposes to generate 0.5 MW of electric power by installing 2 Wind Mills. 2004 -Board recommends dividend of 7.5%. 2009 - Ahmedabad Steelcraft Ltd has appointed Mr. Rajeev Gandhi as Additional & Independent Director on the Board of Company effective from September 16, 2009. 2010 -Registered Office of the Company has been shifted To 401, 637 Complex, Panchvati 2nd Lane, Gulbai Tekra, Ahmedabad - 380 006. 2011 -Board recommends Dividend of 10%. 2012 -The Board of Directors of the Company have recommended a Dividend @ 10% i.e. Re. 1/- per Equity share of Rs.10/-each. 2013 -The Board of Directors of the Company has recommended dividend of Re. 1/- per share on 4092000 equity shares of Rs. 10/- each. 2014 -The Board of Directors of the Company has appointed Mr. Shrujal Patel as an Additional Independent Director.