YEAR EVENTS 1958 - The Company was incorporated on 10th March, at Mumbai. The main objects of the company is to construct, produce, prepare, manufacture, press, vulcanize, repair, retread, purchase, sell, import and to deal in tyres, semi-tyres for all types of vehicles and inner tubes, flaps and repairs material in general. 1965 - The company obtained a letter of intent from the Government for the manufacture of 2 million Bicycle Tyres and Tubes per annum. 1972 - Research and Development unit was set up at company's Bhandup works. Various types of testing machines were installed in the laboratory. 1973 - 55,660 bonus equity shares issued in the proportion 1:6. 1976 - 55,660 bonus equity shares issued in the proportion 1:7. 1980 - Authorised capital reclassified in 1978. 89,056 bonus equity shares issued in prop. 1:5. 1981 - Deccan Fibre Glass Ltd., was amalgamated with the Company with effect from 1st June. In terms of the Scheme of Amalgamation, members of Deccan Fibre Glass Ltd., were allotted 87,105 No. of equity shares of Rs 100 each of the Company in the proportion of 1 equity share of the Company for every 40 No. of equity shares held of DFL. A letter of intent was also in hand for the manufacture of glass wool. 1982 - The company along with the Pradeshiya Industrial and Investment Corporation of U.P. Ltd. promoted a joint venture company "UPCOM Cables Ltd." in technical collaboration with Ceat Cari of Italy. - The company entered into a collaboration agreement with Yokohama Rubber Company of Japan in order to keep abreast of the technological progress in the tyre industry as also to develop radial tyres suitable to the Indian road conditions. - The Following companies became wholly owned subsidiaries of the Company: CTI Investments Ltd., Ceat Investment Ltd., Ceat Finance Co. Ltd. - Authorised capital reclassified. 87,105 shares allotted without payment in cash to members of Deccan Fibre Glass Ltd. on its merger. 1983 - Atlantic Holdings Ltd., and Malabar Coastal Holdings Ltd., became subsidiaries of the Company. 1986 - During September, the Company offered 15% secured non-convertible redeemable debentures (third series) of Rs 10 crores on a rights basis to the holders of equity shares/debentures. - Shares sub-divided on 1.1.1987. 31,07,205 bonus shares then issued in prop. 1:2. 1987 - An application was made for industrial licence for the manufacture of conveyor belts. The Company also took in hand a project for the manufacture of radial tyres and this project was implemented in the middle of 1987. - The Company undertook to set up a factory for production of nylon industrial yarn/cord and nylon tyre cord fabric, a high cost raw material input for tyre manufacture, at Malanpur, in the State of M.P. Technical collaboration and agreement was entered into with Toray Industries Inc. of Japan. - During July-August, the company offered 41,92,000-12% secured redeemable convertible debentures of 50 each for cash at par as rights in the ratio of 3 deb: 5 equity shares held. Additional 9,30,725 debentures were allotted to retain oversubscription. Another 1,17,275 debentures were allotted on private placement basis. - 2,08,000 debentures offered to the employees and 1,98,700 debentures were taken up. The unsubscribed portion of 9,300 is allowed to lapse. - The convertible portion of Rs. 25 was automatically and compulsorily converted into 1 equity shares of Rs. 10 each at a premium of Rs. 15 per share on the expiry of 6 months from the date of allotment. The non-convertible portion of Rs. 25 was redeemed at par in three instalments of Rs. 5, Rs. 10, & Rs. 10, at the end of 8th, 9th, 10th, year respectively from the date of allotment. 1988 - The Company proposed to expand production facilities at Nasik plat to 10 lakh nos. of automotive tyres and also to set up a third tyre plant at Waluj, a backward area near Aurangabad. - The Company entered into an agreement with Nitto Boseki Co. Ltd., Japan for improved technology for expansion of the licensed capacity of the fibre glass division to 5,000 tonnes per annum. - Meteoric Industrial Finance Co. Pvt. Ltd., became a subsidiary of the Company on 29th August, consequent upon Ceat Finance Co. Ltd., acquiring majority equity stake in that company. 1989 - During January and Febraury the production and sales went up despite interruption at Nasik plant due to labour strike. The Company proposed to introduce steel belted radials both for cars and light commercial vehicles by the collaboration agreement with Yokohama Rubber Company, Japan. - By the orders of the Board for Industrial and Financial Reconstruction dated 31st August, 1990 Murphy India Ltd., was amalgamated with the Company with effect from 1st July, 1989. - Murphy's plant at Thane manufacturing audio and TV products has been christened as the Electronics Division. This unit was to be set up with technical assistance from Richo of Japan. - The Company undertook the modernisation of the electronics division at Thane plant under technical support from Goldstar of South Korea. - During December '89-Jan '90, the company offered 73,80,158-12.5% secured partly convertible debentures of Rs. 160 each on rights basis in the proportion 1 deb.: 2 No. of equity shares held. Additional 11,07,000 debentures were allotted to retain over subscription. - The Company issued 3,69,008-12.5% secured partly convertible debentures of Rs 160 each to the employees on an equitable basis (only 16,850 debentures were taken up). The balance 3,52,158 debentures were allowed to lapse. - Rs. 60 (Part A) of the face value of each debentures was compulsorily and automatically converted into 1 equity share of Rs.10 each at a premium of Rs. 50 per share at the end of 6 months from the date of allotment of debentures. - Rs. 100 (Part B) of the face value of each debentures was to be redeemed at par in 4 equal instalments at the end of 7th, 8th, 9th, and 10th year from the date of allotment of debentures. - The name of the company changed from Ceat Tyres of India Ltd. to Ceat Ltd. 1990 - During October, the company offered 90,00,000-14% secured redeemable non-convertible debentures of Rs. 100 each on right basis in the ratio of 5 Debentures : 7 equity shares held. Additional 1,01,69,000 debentures were allotted to retain oversubscription. - Simultaneously, the company offered 4,50,000 Debentures to the employees (160 taken up) and the remaining treated as unissued. - Further 2 warrants were issued for every five debentures allotted. Each warrant holder entitled to one equity share at a premium not exceeding Rs. 65 per share either by payment of further contribution or by surrender of appropriate value of non-convertible debentures within a period of 3 months which would commence from the end of 4th year from the date of allotment. - As per the scheme of amalgamation of Murphy India Ltd. with the company, 1 equity share of Rs. 10 each of CEAT LTD. was to be allotted to the holders of 25 equity shares of Murphy India Ltd. Accordingly 49,719 No. of equity shares were allotted to the shareholders of Murphy India Ltd. on 1st January, 1991. 1992 - The Operations of the Electronics Division was suspended and continued to remain suspended during 1993 and all the workers accepted voluntary retirement subsequent to a settlement with the Union for employees. - The Company undertook a programme of modernisation of its plant and machinery at Mumbai with a view to improving its productivity and availing of the increased licensed capacity granted. - A project was set up in technical and financial collaboration with goodyear Tyre & Rubber Co. of USA. The plant being set up at the Company's erstwhile site at Aurangabad is to be manufacture latest radial tyres and earth mover tyres. In addition the Company was to receive from South Asia Tyres two and three wheeler tyres being manufactured at Aurangabad. - During September, the Company offered 67,74,193-15% Secured redeemable partly convertible debentures of Rs. 155 each on Rights basis in the ratio of 8 Debentures : 25 Equity shares held. Additional 10,16,129 Debentures allotted to retain oversubscription. - Another 3,38,700-15% Debentures were offered to employees on an equitable basis (46,003 taken up) Unsubscribed portion of 2,92,706 debentures were allowed to lapse. - Rs. 75 of the face value of each Debentures was to be automatically and compulsorily converted into 1 equity shares of Rs. 10 each at a premium of Rs. 65 per share on expiry of 6 months from the date of allotment of debentures. Balance Rs. 80 of the face value of each debentures was to be redeemed at par in four instalments of Rs. 20 each commencing from the expiry of 10th year from the date of allotment of debentures. 1993 - A collaboration agreement entered into with Yokohama Rubber Company of Japan for the manufacture of Tyres at Nasik Plant. 1995 - The Company was gearing up to launch the Country's latest technology car radials, produced at its Aurangabad Factory. New brands of truck tyres viz., `CLT NOVA', `HCL-80 Plus' and `Turbo Lug' were introduced. Further supported by the introduction of specialised variants of the well established "FM Series". - 40,62,953 No. of equity shares of Rs 10 each allotted against warrants allotted with 14% NCDs (Series VI) on 1st January. 1996 - The Company launched a new radial car tyre `Maestro' the first radial tyre in India to use state-of-the-art polyester tyre cord technology combined with steel belts. - The Company also launched a new heavy duty product `Stamina' a light commercial vehicle tyre. 2003-Delsit equity shares of the company from Ahmedabad, Calcutta, Madras & Delhi Stock Exchanges. 2005 -Ceat Ltd Issues Rights in the Ratio of 3:10 2009 - Ceat Ltd has appointed Mr. Vinay Bansal as a Director of the Company in casual vacancy caused due to sudden death of Mr. M A Bakre. - Ceat Ltd has appointed Mr. Anant Vardhan Goenka as an Additional Director on the Board of Directors with effect from December 21, 2009. 2010 - Ceat Ltd has appointed Mr. Anant Vardhan Goenka as the Deputy Managing Director of the Company with effect from January 04, 2010. 2011 -Commercial production of passenger/truck radial tyres has commenced at Halol plant of the Company -Ceat Ltd have recommended Rs. 2/- per share as dividend. 2012 -M/s S. R. Batliboi & Associates, Chartered Accountants has been appointed as Statutory Auditors of the Company -Mr. Anant Vardhan Goenka has been appointed as Managing Director of the Company. 2013 - Ceat Ltd - Signing of Joint Venture Agreement with A K Khan & Company Ltd. - The Company approved the appointment of Mr. Arnab Banerjee as the Additional Director(Whole-time Director (designated as the Executive-Director-Operations) on the Board of Directors of the Company. - The Company has recommended a Dividend of 40% i.e. Rs. 4 per share of face value of Rs.10/- each 2014 - The Company has recommended a dividend of 100% i.e. Rs. 10/- on the equity shares of face value Rs. 10/- each. - The Company has approved the appointment of Ms. Punita Lal as an Additional (Independent) Director on the Board of Directors of the Company. - CEAT Ltd. has approved the appointment of Mr. Atul Choksey, Mr. Haigreve Khaitan, Mr. S. Doreswamy, Mr. Mahesh Gupta, Mr. K. R. Podar, Mr. Vinay Bansal and Ms. Punita Lal, as an Independent Directors of the Company. 2016 -CEAT announces investment of Rs. 2800 crore". 2017 -CEAT has acquired 163- acre land in Chennai for over Rs 60 crore to set up a manufacturing plant for radial tyres. -CEAT launches truck service hub in Kolkata. 2018 -Tyre manufacturer CEAT said it would manufacture radial tyres for lorries, buses and cars and also two-wheeler tyres in its proposed facility at Sriperumbudur near here, for which it inked a pact with Tamil Nadu Government last week, r -Tyre manufacturer CEAT Ltd today signed a Memorandum of Understanding (MoU) with the Tamil Nadu government for setting up its manufacturing unit near here at an outlay of Rs 4,000 crore. 2020 -National Company Law Tribunal, Mumbai Bench ('the NCLT') sanctioning the Scheme of Amalgamation for the amalgamation of CEAT Specialty Tyres Limited (a wholly owned subsidiary of CEAT Limited) with CEAT Limited 2021 -Ceat Tyres launches label-rated tyres in India. 2022 -CEAT Limited has informed the Exchange about Approval of Application under Component Champion incentive scheme of the Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry. 2024 -CEAT Limited has informed the Exchange regarding 'amalgamation of its existing RTA with Link Intime India Private Limited'.