YEAR EVENTS 1981 - The Company was incorporated on 3rd December. It has been promoted by Dr G K Devarajulu and D Jayavarthanavelu along with Lakshmi Machine Works Ltd. It manufactures and deals in electrical control systems, contractors, thermal overload relays, etc. - The company entered into a technical collaboration agreement with Sprecher & Schuh AG Aarau, Switzerland, for the supply of technical information for the manufacture and assembly of electrical contractors. The agreement also provides for sub licencing of the technical know-how to another Indian party on terms to be mutually agreed upon subject to the approval of the Government of India. 1984 - 350 No. of equity shares subscribed for by the signatories to the Memorandum and Articles of Association. 20,000 - 13 1/2% Pref. shares and 4,79,650 No. of equity shares were reserved and allotted to promoters, etc. 7,20,000 No. of equity shares were offered at par for public subscription during January 1984. 1992 - 12,00,000 Rights shares issued in Apr.-May, 1992 (prop. 1:1; Prem. Rs 40). Another 60,000 shares issued at a prem. of Rs 40 per share (only 58,000 shares taken up). 1996 - The Company entered into an alliance with Allen Bradley India Ltd., part of Rockwell automation for the supply of contactors, overload relays and control relays. 2002 -Nethra Kumar appointed as Wholetime Director of Lakshmi Electrical Control. 2003 -The Company has acquired a textile spinning unit of 19,584 spindles through its newly formed subsidiary. 2005 -The Company has recommended a Dividend of Rs 4.50 per Equity Share of Rs 10/-. 2006 -The Company recommende dividend at the rate of Rs 5.00 (50%) per share on Equity Shares of Rs 10/- each 2007 -The Company has recommended a Dividend of Rs 5/- per Equity Shares of Rs 10/- each. 2008 -The Company recommended a dividend of Rs 6/- per equity share of Rs 10/- each. 2009 -The Company recommended a Dividend of Rs 2.50/- per Equity Share of Rs 10/- each. 2010 -The Company recommended a dividend of Rs. 3/- per equity share of Rs. 10/- each. 2011 -The Company recommended a dividend of Rs. 4.50/- per equity share of Rs. 10/- each. 2012 -Smt. Nethra J S Kumar has been appointed as Chairperson and Managing Director. -The Company recommended a dividend of Rs. 5/- per equity share of Rs. 10/- each. 2013 -Lakshmi Electrical Control Systems Ltd has recommended a dividend of Rs. 2/- per equity share of Rs. 10/- each 2014 -Lakshmi Electrical Control Systems Ltd has recommended a dividend of Rs. 5/- per equity shares of Rs.10/- each