YEAR EVENTS 1961 - The Company was Incorporated on 27th September, at Tiruchirapalli at Tamil Nadu. - The Company's object is to manufacture industrial and domestic meters, measuring and recording instruments, gadgets, tools and implements, indicators, electronic machinery and appliances and batteries. 1962 - Issued 16,700 No. of equity shares to directors etc. and 15,000 pref. shares to Insurance companies, 37,500 No. of equity shares to LIC, and 66,667 No. of equity to C.D.F.C. London. 15,000 pref. and 1,38,833 No. of equity shares issued to public in May. 1963 - 2,000 No. of equity shares forfeited for non-payment of calls in 1966-67. 1974 - Southern Electronics Pvt. Ltd. was amalgamated with the Company with effect from 1st May. - The Company holds all the 10,300 No. of equity shares of Rs.10 each issued by its subsidiary, Energy Investments Ltd. - 1,99,359 No. of equity shares allotted to the members of Southern Electronics (Pvt.) Ltd. and 70,167 No. of equity shares held by Southern Electronics cancelled on its merger with the Company. 1976 - The Company received a letter of intent for the manufacture of high energy batteries (Silver Oxide Zinc), required by the Defence department, in collaboration with Yardney Electric Corporation, Inc., U.S.A. The plant was commissioned on 1st July 1979. The collaboration with Yadney Electric Corporation Inc. U.S.A. expired on 30th June, 1984. - The Company received a letter of intent for the manufacture of 7 mn. nos. per annum of sealed cylindrical nickel cadmium cells. 1977 - 30,000 pref. shares redeemed. 1979 - The Company undertook to develop nickel cadmium (Ni-cd) sealed cylindrical cells. A pilot plant was being established for developing initially 3 sizes of such sealed cylindrical cells popularly known as size `D', size `C'. 1982 - The company received and installed all machinery. Pilot samples of NI-CAD cells were made successfull. 1983 - The Company undertook to develop Ah 350 batteries for use by Indian Navy. - Towards the end of the year, Mathur Investment Company, Ltd. became a subsidiary of the Company. - Consequent upon the sale of Meter division, the name of the Company was changed from Simco Metres, Ltd. to the present one with effect from 12th September. 1984 - The Company developed a new generation of HR45 batteries and a substantially improved version of silver-zinc batteries for supply to IAF called Mark II. 1985 - 15% secured redeemable non-convertible debentures of the aggregate value of Rs.40 lakhs were privately placed with UTI to augment long-term resources and to meet a portion of the cost of balancing equipment. - These debentures are redeemable at a prem. of 5% in three equal annual instalments between the 6th and 8th year from the date of allotment, the earliest date of redemption being 4th March, 1992. 1986 - The Company received type approval for 7.2 Ah Nickel-Cadmium prismatic cell batteries. - 4,47,192 bonus shares issued in prop. 1:1. 1987 - The company installed and commissioned equipment for partial automation in the manufacture of positive electrodes for Silver Zinc batteries. - The Company was exploring the possibility of acquiring the State-of-art-technology in the manufacture of Ni-cd electrodes. 1988 - The margins, however, were adversely affected mainly due to overall increase in the employer cost and selling and distribution expenses and higher provision for depreciation. 1989 - Turnover declined due to late receipt of orders for HR45 batteries from the Government. - The Company proposed to undertake leasing business. The Company proposed to manufacture batteries for general consumer market. Negotiations were on only with foreign parties who would agree to buy-back the product to meet the cost of imports such as technical know-how, capital goods, etc. from the proceeds thereof. 1990 - The Indian Air Force could not place further orders for HR-45 batteries due to want of budgetary sanction. - The Research and Development division developed quality fibre for fibre technology nickel cadmium batteries. - 2,000 forfeited shares reissued at a prem. of Rs.5 per share to employees of the company. 1994 - Development of a very high capacity primary silver zinc battery was in advanced stage of development. Also the unit undertook development of INWGT secondary battery. 2005 -The Company has recommended payment of Dividend at 40% 2006 -The Company has recommended payment of Dividend at 40% 2007 -The Company has recommended payment of Dividend at 40% - High Energy Batteries India Ltd has informed that Smt. D Vijayalakshmi was inducted as an Additional Director 2008 -The Company appointed Sri. S Sridharan, as Managing Director of the Company. -The Company recommended payment of dividend at 25% 2009 -High Energy Batteries (India) Ltd Issues Rights in the Ratio of 1:1. -The Company recommended payment of Dividend at 35%. 2010 -The Company rolls out automotive batteries. 2012 -High Energy Batteries (India) appointed Dr. G. A. Pathanjali as an Additional Director of the company. 2013 -High Energy Batteries (India) has recommended payment of Dividend at 10%. 2014 -High Energy Batteries (India) appointed Mr. M. Natarajan, RAdm. S. Mohapatra and Mrs. T. V. Rajalakshmi as independent Directors of the Company. 2022 -The Company has splits its face value from Rs. 10/- to Rs. 2/-.