YEAR EVENTS 1982 - The company was incorporated on 20th August under the name of Chudiwala Steels Ltd. & subsequently its name was changed to East Coast Steel Ltd., on 1st September 1988. - The company was promoted by Western Ministil Ltd., (WML) & other associates. - The main object of the Company is to manufacture steel ingota/billets. - The Company undertook to set up a mini steel plant with an installed capacity of 62,500 TPA of steel ingota/billets. Land admeasuring 40 acres was acquired at cuddalore Road, Pillayarkuppam post, Bahour Commune, a notified backward area in the Union Territory of Pondicherry. Main plant and machinery comprising Electric Arc furnace and the continuous billet casting machinery were supplied by ISPL Industries, Ltd., under Licence from Mannesman Demag of Germany while the transformer required for the power supply sub-station was supplied by Crompton Greaves, Ltd. 1988 - All shares were taken up by promoters, directors etc. 1989 - 20,50,475 No. of Equity shares issued at par of which the following shares were reserved and allotted on a firm basis: - (i) 4,16,275 shares to resident Indian directors, their friends etc., - (ii) 4,34,200 shares to equity shareholders of Western Ministil, Ltd. of the remaining 12,00,000 shares, the following shares were reserved for preferential allotment: - (i) 4,68,800 shares to NRIs on repatriation basis (all were taken up) and - (ii) 1,02,520 shares to employees of the Company and those of promoter company (only 14,600 shares taken up). The balance 6,28,680 share, along with 87,920 shares not taken up under preferential quota were offered to the public during May. Additional 3,07,220 shares allotted to retain oversubscription (62,441 shares to resident Indian directors; 64,779 shares to shareholders of Western Ministil Ltd.; 70,320 shares to NRIs and 1,09,680 shares to public). 1990 - The Company's licensed capacity was enhanced to 1,50,000 TPA. 1992 - During December the Company issued 14,02,888 No. of Equity shares of Rs.10 each at a premium of Rs.50 per share on rights basis in the prop. of 2:5. All were taken up. Allotment of 13,640 shares was kept in abeyance. - Another 70,144 No. of Equity shares of Rs.10 each at a premium of Rs.50 per share were offered to the employees etc., of the Company on an equitable basis. None were taken up. 2007 -Eastcoast Steel designated E-mail ID for Investors Complaints: esl.complaince@gmail.com 2011 -The company consider the Scheme of merger of Mind Factory Entertainment Pvt. Ltd.