YEAR EVENTS 1989 - The Company was incorporated on 28th September, and obtained certificate of commencement of business on 7th November. The Company was promoted by Apar Limited and GIIC. - The Company undertook to set up manufacture of Acrylonitrile Butadiene Rubber (NBR) and latexes with a capacity of 5,000 TPA and installed capacity of 6,250 TPA. - The equipment to be imported include acrylonitrile analysis tester, expeller, bale wrapper, mass flow meters etc. while others were to be procured indigenously. NBR is a special purpose oil resistant synthetic rubber used in rice de-husking rolls, moulded and extruded goods, oil hoses and beltings. Latexes are used for paper making and manufacturing non-woven fabrics, artifical leather making etc. - The Company entered into technical collaboration agreement with M/s. Goodyear Tire & Rubber Co., U.S.A. for transfer of process know-how, technology and basic engineering, training of personnel, assistance in commissioning and start up of the plant. - M/s. Dalal Consultants & Engineers Ltd. were appointed as engineering consultants for designing of equipments as per basic engineering provided by Goodyear as also procurement, inspection, supervision, construction, erection and commissioning etc. 1990 - The Company entered into a Memorandum of Understanding dated 20th December, with M/s. APAR for technical assistance, for making available its R&D facilities and assist in marketing its products. It would also enable its marketing division and associate officer to market the products in addition to making available its warehousing, godowns and sales office facilities etc. - In consideration of these services, APAR would be receiving remuneration on the basis of net ex-factory value of the product at such rate or rates as may be mutually agreed to, not exceeding in the aggregate for different nature of services, 5.25% of the net ex-factory value. - 1,001 No. of equity shares of Rs.10 each subscribed for by the signatories to the Memorandum of Association. 141,58,999 No. of equity shares of Rs. 10 each were issued for cash at par of which the following were reserved for allotment on a firm basis: - (i) 60,69,219 shares to promoters, directors, etc. and M/s. Apar Ltd. and - (ii) 15,59,780 shares to GIIC. - Of the remaining 65,30,000 shares, the following were reserved for allotment on a preferential basis: - (i) 12,90,000 shares to Asian Development Bank, the ICICI and the UTI (all were taken up) and - (ii) 7,08,000 shares to employees (including Indian working directors) workers of the Company and also those of promoter companies (all were taken up). - The balance 45,32,000 No. of equity shares were offered for public subscription during Jan. 1991. Additional 21,20,000 shares were allotted to retain oversubscription (11,40,500 shares to promtoers, Apar Ltd., GIIC, 1,06,200 shares to employees and 8,73,300 shares to public. 1991 - The Company proposed to expand the manufacturing capacity from 6250 MT to 10,000 MT per annum. - The Company proposed to issue 40,70,000 secured partly convertible debentures of Rs. 50 each @ 17% on right basis to the shareholders at the ratio of 1 debenture: 4 equity shares held. - Another 2,04,000 partly convertible debentures were to be offered to the employees @ 17%. - Part `A' of cash of Rs. 20 was to be converted into one equity share of Rs. 10 each at a premium of Rs. 10 on the date of allotment. Part `B' of each debenture of Rs. 30 was to be redeemed at par in 3 equal instalments on the expiry of 7th, 8th and 9th years respectively from the date of allotment. 1993 - During the year, the Company received a package of reliefs and concessions from financial institutions to help the Company reduce the interest burden, increase plant utilisation and improve profitability. - The Company awaited approval for the proposed rights issue to repay the term loans and reduce interest burden and to strengthen the business operation of the Company. 2002-Apar Industries Ltd has informed that, IDBI has nominated Shri V.D.Shinde, Dy. General Manager, IDBI as Nominee Director on the Board of the company in pursuance of their loan agreement with the company. 2003 Members Approve to delist their shares from 2 Stock Exchanges 2007 The Company has appointed Mr. Sanjaya R. Kunder as new Company Secretary under the provisions of Section 383A of the Companies Act,1956 w.e.f. 18th June, 2007 and he will act as Compliance Officer of the Company in terms of Clause 47(a) of the Listing Agreement entered into by the Company with the Stock Exchange. -The Company has issued Bonus Shares in the Ratio of 1:3. 2008 -Apar Industries Limited has acquired Uniflex Cables Limited. 2010 -Apar Industries Ltd recommended Dividend @ Rs. 5/- (50%) per equity share 2011 -Apar Industries Ltd recommended Dividend @ Rs. 3.50/- (35%) per equity share -Mr. Rajesh Sehgal has been as an Additional Director of the Company 2012 -Apar Industries Ltd recommended Dividend @ Rs. 4/- (40%) per equity share 2013 - Apar Industries to set up conductors plant at Athola 2014 -Apar Industries to set up manufacturing unit at UAE free zone 2015 - Apar Industries to set up transformer oil manufacturing unit at Hamriyah Free Zone 2016 -Apar Industries terminates MoU with RTA 2022 -APAR Industries Limited has executed Share Purchase Agreement with Clean Max Rudra Private Limited, Special Purpose Vehicle Company (SPV Company), the Generator and Clean Max Enviro Energy Solutions Private Limited, Promoter Shareholder of SPV Company on Monday, August 8, 2022.