YEAR EVENTS 1957 - 17,500 shares subscribed for by directors, etc. 15,500 shares issued to collaborators. 1958 - The Company was Incorporated on 27th December at Mumbai. The Company Manufacture pigments, pigment emulsions, dispersions, binder materials, thickeners, chemicals, dyes and manures. 1959 - 32,500 Rights share issued in prop. 1:1. - In April 1959, 35,000 shares offered at par to the public. 1962 - In Aug. 1961, 5,500 shares each issued to two collaborators. 14,000 Rights shares offered at par to resident shareholders in prop. 1:5. 1966 - 50,000 Bonus shares issued in prop. 2:5. 1969 - 1,00,000 Bonus shares issued in prop. 4:7. 1974 - 1,37,500 Bonus shares issued in prop. 1:2. 1976 - 1,54,687 Bonus Equity shares issued in prop. 3:8. 1979 - 2,26,874 Bonus Equity shares issued in prop. 2:5. 1980 - The Company proposed to subscribe to the rights shares offered by Haycolour Ltd., of the face value not exceeding S.L. Rs 16 lakhs (equivalent to about Indian Rs 7.3 lakhs). 1982 - Kundalika Investments Ltd., became a subsidiary of the Company during the year. - The Company jointly promoted `Vanavil Dyes and Chemicals, Ltd. (VDCL) along with Tamilnadu Industrial Development Corporation, Ltd. and Tamilnadu Handloom Weavers Co-operative Society Ltd. 1983 - Haycolour Ltd's., operations were affected due to ethnic problems in Sri Lanka. 1987 - A BON acid plant with an installed capacity of 300 tonnes annum at Roha factory went on stream during the year. 1988 - An agreement was reached with TIDCO and TNHWCS to transfer 6,23,000 shares of Rs 10 each out of 6,24,000 shares held jointly by them in VDCL in the name of Colour Chemicals Ltd., at a price of Rs 24.67 per share. There was an increase in the equity shareholding of the Company in VDCL to nearly 51% thereby making it a subsidairy. - Farbenfabriken Bayer A.G. Leverkusen, West Germany and Farbwereke Hoechst A.G. Frankfurt, West Germany were the technical-cum-financial collaborators of the Company since its inception. - The technical agreements signed by Bayer AG with the Company stood terminated by mutual consent effective from 31st July, 1989. 1990 - The Company launched the indenting business during the year. - Necessary approvals were received for the manufacture of oil and well chemicals with a capacity of 5,000 tonnes per annum at the Roha plant. - The Company issued 14% non-convertible debentures of an aggregate value of Rs 400 lakhs on a private placement basis with the UTI. 1991 - Effective from 4th June, the Company was forced to suspend its operations at the Roha work due to intermittent work stoppage and frequent agitation by the workmen. - On 26th June, the Company declared a lock-out at its Roha plant. The lock-out was lifted on the 29th July, 1991 on the intervention of the Industrial Court, Thane. 1992 - 1,68,000 No. of Equity shares allotted (prem. Rs 60 per share) to Hoechst AG to increase its holding from 40% to 50.52% in the Company. 1993 - The Company incurred a capital expenditure of Rs 14.65 crores on programme of modernisation and upgradation of manufacturing facilities. - As on 31st March, the Company held all the 2,50,000 No. of Equity shares of Rs 10 each fully paid-up of this subsidiary. - Vanavil Dyes & Chemicals Ltd., is also a subsidiary of the Company with a holding of 12,22,934 No. of equity shares of Rs 10 each out of 24,00,000 No. of equity shares issued as on 31st March. - The Company undertook to enter into a joint venture in Sri Lanka to manufacture pigment emulsions and dispersions for textile printing in collaboration with Hyaleys Ltd. of Colombo. For this purpose a new company under the name Haycolour Ltd., was incorporated in March 1980 as a private limited company in Sri Lanka. - Approval of the Indian Government was received for subscribing to 40% of the equity capital of Haycolour Ltd., i.e., Sri Lanka currency Rs 24 lakhs (equivalent to Indian Rs 12.13 lakhs). The Company was appointed the technical consultants of Haycolour Ltd., for an initial period of 10 years. - During March, 1,92,572 Rights equity shares were issued (Prem. Rs 500; Prop. 1:5) (all were taken up). Another 9,567 shares (Prem. Rs 500) were offered to employees' all were taken up. 1995 - The Company augmented the capacities for Azo pigments through the modernisation of existing facilities and the installation of state-of-the-art equipment for drying and handling of semi-finished products. - The Company diversified into a new business by producing and marketing laminating adhesives for the packaging industry. The Company incurred an aggregate capital expenditure of Rs 20.03 crores. 1996 - The range of auxiliary chemicals for the textile industry was upgraded by the introduction of new high performance production while some eco-friendly products were added to the range pigment emulsions for the textile printing industry. - Semi-automatic filling and packaging systems were installed at various plants thus reducing manual work. 1997 - The domestic leather chemicals business was adversely affected due to lower demand in the local market. - It entered into a toll manufacturing agreement with DyStar India effective from September. 1998 - With improve business of laminating adhesives, a separate division cellulose ethers & polymerisates was set up in June. - The company has recently commissioned its project for the manufacture of Mowilith emulsions at its plant in Roha. - While Hoechst Ag (on behalf of Clariant International) holds around 50.1 per cent in ColourChem, the remaining is shared between banks, financial institutions and investment companies (22.8 per cent), mutual funds (1.5 per cent), FIIs (6.4 per cent) and the public (19.2 per cent). 1999 - Colour-Chem is entering into a Rs 29-crore capital expenditure for calendar 1999. - The company successfully implemented a Voluntary Retirement Scheme (VRS) during the quarter ended December 1998. - The company had offered VRS for the first time in its 42-year history to its employees in two instalements during the year and 443 employees opted for the scheme leading to a 27 per cent reduction in a manpower. - Colour-Chem Ltd. has recently launched Movicoll, a wood adhesive making its entry into consumer products. - Colour-Chem is among the top companies in every sector to operate in an has enjoyed technological support of Hoechst AG and Bayer and AG from the beginning. It has also pioneered production of pigments and diketene in India and was also one of the first chemical company to obtain the ISO certification. - The company is also in the process of shutting down its marketing office in Khaitan Bhawan in Mumbai. 2000 - Colour Chem Ltd, a subsidiary of the Swiss chemicals giant Clariant International Ltd, has ruled out the possibility of getting merged in India with its parent, even though globally their merger had taken place. 2002 -A Minority Share Holder of CCL lodged a complaint with Sebi in connection with the avoidance of open offer by Switzerland based Clariant International. -Sebi orders to make open offer to the share holder at Rs.320 per share with this scrip price raised in the market. -Clariant International appeal with SAT against SEBI's order for open offer. 2003 -Securities Appellate Tribunal directs Clariant to pay interest to Chem investors. -Color Chem and EBITO Chemiebeteikigungen AG, along with Clariant International and Clariant AG, decide to make open offer to acquire 9.86lakh shares in Vanavil Dyes. -Board elects Mr P Linder as the Chairman of the company. 2005 -SBC Securities and Capital Markets (India) Private Limited (Managers to the Offer) have informed regarding the Public Announcement being issued by them regarding the Open Offer to acquire upto 23,30,000 fully paid equity shares (representing 20% the paid up equity share capital) of Rs.10 each of Colour-Chem Limited (CCL) at a price of Rs.318/- per share in cash by EBITO Chemiebeteiligungen AG ("the Acquirer" or "EBITO") along with Clariant International ("CIL") and Clariant AG (Persons Acting Concert). The Revised Time Schedule for major activities for the Offer is as follows : 1) The specified date (for the purpose of determining the names of shareholders to whom the Letter of Offer would be sent) is April 29, 2005; 2) The offer opening date is June 08, 2005; 3) The Offer Closing Date is June 27, 2005. 2006 -the name of Colour Chem Ltd. shall be changed to Clariant Chemicals (India) Limited and the trading symbol of the company be changed from COLORCHEM to CLNINDIA w.e.f. June 5, 2006. -Company has changed its name from Colour-Chem Ltd. to Clariant Chemicals (India) Ltd. 2008 -Clariant Chemicals (India) Ltd. launched its New Paper Service Centre at Kolshet, Thane. 2009 -Clariant Chemicals (India) Limited has been honored by the Dyestuffs Manufacturers Association of India (DMAI) for 'Excellent Performance in Pollution Control by a Large Scale Unit for 2008-2009'. - The Leather Business of Clariant Chemicals (India) Ltd. launched new generation products for processing and dyeing. 2010 -Clariant Chemicals (India) Limited's Roha site won the `Vasundhara Award - 2009 -Clariant Chemicals (India) Limited's Industrial & Consumer Specialties Business was awarded with the Frost & Sullivan 2010 India Excellence Award. --Registered Office of the Company has been shifted from Ravindra Annexe, 194 Churchgate Reclamation, Mumbai - 400 020 to Kolshet Road P.O. Sandoz Baug, Thane 400 607 2011 -Clariant Chemicals (India) Limited has been honored by the Dyestuffs Manufacturers Association of India (DMAI) with two Awards: One for`Excellent Performance in the field of Pollution Control by a large Scale Unit for the year 2010-2011 and the other for Excellent Performance in the field of Safety & Hazards Control by a Large Scale Unit for the year 2010-2011. -Clariant Chemicals (India) Limited has announced that its Industrial & Consumer Specialties Business (ICS) has launched a new Consumer Care Laboratory at their Kolshet site in Thane, Mumbai. 2012 -Clariant Chemicals (India) Limited opens new Crop Protection Laboratory in Thane. -Clariant Chemicals (India) Limited wins National Safety Council Award in Maharashtra. 2013 -Clariant Chemicals has recommended final dividend of Rs. 17.50 (Rupees seventeen and paise fifty) per equity share of the face value of Rs. 10/- each. 2014 -Clariant Chemicals has inaugurated its first Regional Innovation Center in India (RIC India). Located in Navi Mumbai. -"Clariant doubles capacity for the pigments in Roha, India". -Clariant Chemicals has recommended a final dividend of Rs. 20/- (Rupees Twenty) per equity share of the face value of Rs. 10/- each. -The Registered office of the company has been shifted from Kolshet Road P.O. Sandoz Baug, Thane 400 607 to Reliable Tech Park, Gut No. 31, Village Elthan, off. Thane Belapur Road, Airoli, Navi Mumbai - 400708. 2015 -Clariant bags four prestigious DMAI Awards -Clariant presents pioneering technologies for air pollution control -Clariant launches two new pigment dispersions for the Indian printing industry. 2016 -Clariant Introduces new Agrocer White Pigment Preparation at CSS 2016 & Seed Expo. -Clariant launches BeautyForward to inspire Personal Care industry to discover tomorrow's beauty. 2017 -Clariant's eWATCH program wins 2017 Best CSR Practice Award in China. -Clariant launches 3D Printing business to provide solutions for the fast-changing Additive Manufacturing market. 2018 -Clariant CleanTech Award for young scientists. -Clariant expands partnership with Lintech International LLC in the United States. -Clariant Launches New EQius Brand for Humidity-Control Packaging Solutions. 2019 -Clariant launches antimony-trioxide-free laser-marking system for livestock ear tags. -Clariant launches new bio-based additives to reduce resource consumption in plastic loops at K 2019. -Clariant introduces innovative halogen- and cobalt dichloride-free Type 2 Non-reversible Humidity Indicator Cards to ensure integrity of moisture sensitive electronic components. 2020 -Clariant wins 2020 China GoldenBee CSR Award. -Clariant launches new Ecolabel Guidance Tool for Industrial Cleaning & Home Care customers. -Clariant launches medical polymer compounds resistant to hydrolytic degradation. 2021 -Clariant signs catalysis research partnership with prestigious ETH Zurich university. -Clariant's new collaborative innovation center supports North America's paints & coatings industry `Beyond Color'. 2023 -Company name has changed to Heubach Colorants India Ltd. from Clariant Chemicals (India) Ltd..