YEAR EVENTS 1939 - The Company was incorporated at Dhrangadhra (Gujarat State). The Company manufacture soda ash and other salts. The Company also carries on the business of chemicals, drugs, essences, cordials, acids, alkalies, pharmaceuticals, etc. Soda ash, soda bicarb and calcium chloride are manufactured at Dhrangadhra and caustic soda at Sahupuram. The products are sold under the trade name `Horseshoe'. 1972 - Authorised capital increased. 54,180 Bonus Equity shares issued in prop. 1:3. 1977 - Div. on 12,957-7.8% Pref. shares raised to 11% from 13.8.1976 and made redeemable in 5 equal instalments starting from 13.8.1987. 2,592 Pref. shares redeemed. 1978 - Redeemed 2,592-11% Pref. shares in 1978-79, 2,591-11% Pref. shares in 1979-80 and 2,591-11% Pref. shares in 1980-81. 1980 - Plastic Resins and Chemicals, Ltd. (PRCLTD), an erstwhile subsidiary of the Company was amalgamated with the Company with effect from 30th September, and PRCLTD had come to be known as the PVC division of the Company. - Pantape Magnetics, Ltd. (PML), manufacturers of magnetic tapes at Nanjangud, Mysore, Karnataka became a sick unit and was referred to the Appellate Authority for Industrial & Financial Reconstruction (AAIFR). - The ICICI proposed a scheme of amalgamation between the Company and PML by which one preference share of Rs 25 each of CDW was to be issued for every 25 shares held in PML by its shareholders. Accordingly, 21,000 redeemable preference shares of Rs 25 each were being issued to the shareholders PML. 1985 - 56-15% Pref. shares and 91 No. of equity shares issued without payment in cash to the members of PRC, Ltd. on its merger. 1986 - Equity shares sub-divided in Mar. 1987. 4,69,730 rights equity shares of Rs 10 each then issued (Prem. Rs 15 per share; prop. 1:5). Additional 1,17,432 shares allotted to retain oversubscription. Another 23,486 shares (prem. Rs 15 per share) offered to employees. Only 7,550 shares taken up. The balance 15,936 shares allowed to lapse. 1987 - The caustic soda division was affected by severe power cut and fluctuations in voltage in Tamil Nadu. The Company undertook a feasibility study to manufacture VCM through alcohol route. - Necessary approvals were obtained to manufacture electronic components, PVC and plastic based products. - The Company's R&D division at Sahupuram undertook activities such as higher purification of limenite ore and standardising the bleaching parameter to make premium grade synthetic rutile. - The Company issued 14% - secured non-convertible debentures of Rs 250 lakhs to UTI, LIC, GIC and its subsidiaries on private placement basis. - The name of the Company was changed from Dhrangadhra Chemical Works, Ltd. to DCW Ltd. with effect from 8th April. - 29,43,362 bonus equity shares issued in prop. 1:1 and were allotted on 1.11.1988. 1989 - The company privately placed with financial institution and banks 4,15,000-14% debentures of Rs 100/- each. These debentures are redeemable at a premium of 5% from 1994 in various annual instalments. - The Company acquired the entire shareholding of 20,00,000 No. of equity shares of Rs 10/- each in DCW Home Products, Ltd. (DHPL) making a wholly owned subsidiary. The popular products are `Jaag', a detergent and `Marvo', a free flowing salt. 1990 - The second boiler was commissioned. During the year the PVC plant was modernised by installation of additional stainless steel reactors and a modern energy efficient drier. - The Company issued debentures aggregating Rs 3.50 crores on private placement basis with financial institutions. - 35,32,035 bonus equity shares issued in prop. 3:5 in December. 1991 - A new infusion plant was installed and commissioned as a part of modernisation programme undertaken at the caustic soda unit. Modernisation of the Beneficiated limenite unit was undertaken to enhance the unit's capacity from 15,000 TPA to 25,000 TPA. - At the PVC division, a new fluid bed drier was installed and commissioned in addition to the installation of four new stainless steel reactors. - Approvals were received for the promotion of a new company by the name of DCW Finance, Ltd., for carrying out the business of financing, investments, leasing and other related business. The Company proposed to make it its wholly owned subsidiary. - 53,33,310 No. of equity shares issued in part conversion of 16.5% Debentures. 1992 - During January, the Company offered 22,22,222-16.5% partly convertible debentures of Rs 135 each on Rights basis in the proportion 23 debentures: 100 No. of Equity shares held (all were taken up). Additional 3,33,323 debentures were allotted to retain oversubscription. - Another 1,11,110-16.5% debentures were issued to employees on an equitable basis (only 35,500 debentures taken up). The unsubscribed portion of 75,6000 debentures were allotted to Stock Holding Corporation of India AIC GIC Mutual Fund. - Rs 90 of the face value of each debenture was to be converted into two equity shares of Rs 10 each at a premium of Rs 35 per share. Accordingly shares were allotted on 11th October. - Balance of Rs 45 of the face value of each debentures was to be redeemed at par at the end of 7 years from the date of allotment of debentures. Necessary approvals were received for issue of 49,17,360 No. of equity shares of Rs 10 each for cash at a premium of Rs 15 per share on Rights basis in the proportion 1:3. - Another 9,83,500-14% secured redeemable non-convertible debentures with detachable warrants were also to be issued on Rights basis in the proportion 1 NCD: 15 No. of equity shares held. The debentures are to be redeemed at par in one instalment of Rs 100 each at the end of 5th year from the date of allotment of NCDs. - The Company undertook a project for the manufacture of 75,000 tonnes per annum of whole wheat flour at MIDC, Taloja, Maharashtra. 1994 - The Company proposed to build a minor port next to Caustic Soda division in Tamilnadu which would be utilised for creating a tank farm on international lines for merchant sales apart from Company's own needs. - Another subsidiary Company DCW Power Corporation Ltd., entered into a MOU with govt. of Madhya Pradesh and the Madhya Pradesh Electricity Board for setting up a 120 MW Internal Combustion residual oil fixed power generating plant at Mandideep in Madhya Pradesh. - 92,25,000 shares allotted against GDR. 49,17,360 shares allotted as rights. 1995 - The Company proposed to increase the PVC plant capacity from 60,000 tonnes to 1,00,000 tonnes per annum. - In March, the first generator of 6MW was commissioned. Two more generation of 6MW each were commissioned and one more was commissioned in April. Two wind mills of 250 KW was installed each at Poolavadi, Tamilnadu. - The Company proposed to set up a commercial plant for manufacturing Yellow Iron Oxide and an Acid Regeneration plant in order to utilise the effluents from the upgraded limenite plant as feed-stock. 1996 - The Company undertook to set up facility at its factory in Sahupuram, Tamil Nadu for recovery ferrite grade iron oxide from effluent of the beneficiated limenite plant. - It was also proposed to manufacture soft ferriates depending on the quality of iron oxide. - The Company proposed to concentrate its efforts on its core business activity viz., manufacture & sale of heavy chemicals & petrochemicals, to separate companies in the group. - It was proposed to transfer at book value the company's business centre activity to a new company viz. DCW Estates Pvt. Ltd. and the company's entire shareholding in DCW Home Products Ltd. to another new company viz. Crescent Finstock Pvt. Ltd. 1999 - During the year the performance of the Company was adversely affected due to the continuing global demand recession and generally adverse market conditions. 2000 - The Company issued 57,78,886 No. of equity shares of Rs.10/- each for cash at par aggregating Rs.5,77,88,860/- on a Rights basis to the existing equity shareholders of the company in the ratio of 1(one) equity share for every 5 (Five) equity shares held. - The Company has entered into a strategic alliance with Hindustan Lever for manufacture of detergents/detergent intermediates for HLL at DCW's plant at Dhrangadhra. 2002-DCW Ltd has informed BSE that Shri T S Ravikumar, Director and Secretary of the company has resigned from the service of the company with effect from November 15, 2002 and Shri C V Subramanian has joined the services of the company as Chief Financial Officer with effect from October 21, 2002. 2004 - Dcw - Sale of Equity Shares of the Company. 2005 -Company has splits its Face value of Shares from Rs 10 to Rs 2 2007 - Caustic Soda Plant conversion to Membrane Cell process from Mercury process. 2008 - 2x25MW Coal based Power Plant. 2009 - 'National Energy Management Award' from CII to certify that DCW is an Excellent Energy Efficient Unit. - 8.27MW Power plant using surplus stea. 2010 - 'National Energy Management Award' from CII to certify that DCW is an Excellent Energy Efficient Unit. - 'National Energy Management Award' from CII to certify that the project implemented by DCW is an Innovation Project - "DCW Awarded Best Managed Chlor-Alkali Plant by Alkali Manufacturers' Association of India". -DCW Limited has entered into a Technical License and Support Agreement with Rockwood Italia (Italy), a leading producer of synthetic iron oxides - Has entered into a Technical License Agreement with Arkema, France, Europe's leading producer of Vinyl Products. 2012 - Mr. D. Ganapathy has been appointed as an Additional Director 2013 -DCW Ltd has recommended payment of 18% dividend i.e. Re. 0.36 per Equity shares of Rs. 2 each. -Mr. Salil Kapoor has been appointed as an Additional Director of the Company. 2014 -DCW Ltd has recommended payment of 18% Dividend i.e. Re. 0.36 per Equity Shares of Rs. 2 each. 2015 -Chemical manufacturer DCW Ltd commercial production of synthetic iron oxide pigments .