YEAR EVENTS 1972 - The company was incorporated on 24th May, at Vadodara. The company was promoted by Shri D.D. Lakhanpal and Matsushita Electric Industrial Co. Ltd. Japan. - D.D. Lakhanpal entered into a joint venture agreement (technical and financial) with Matsushita Electric Industrial Co. Ltd., Japan. 1973 - 1,66,666 shares taken up by promoters, directors, etc., and 2,50,000 shares allotted to Matsushita Electric Industrial Co. Ltd., Japan without payment in cash. 2,08,334 shares offered at par to the public in January 1973. 1979 - 825 shares forfeited in 1979 and were reissued to employees at par. 1981 - 5,00,000 Right Equity shares issued at par in prop. 4:5. 1986 - The Company received a letter of intent for the manufacture of 2,200 lakh pieces of dry batteries per annum with zinc chloride technology. 1987 - The Company proposed to introduce UM3 type (pencil batteries and later UM1 type (standard type) batteries with the new technology. - 11,25,000 bonus equity shares issued in prop. 1:1. 1989 - UM 3D (NOVINO GOLD) batteries were introduced. - The company offered 22,50,000 No. of equity shares of Rs 10 each for cash at par on `Rights basis' in the proportion 1:1 (all were taken up). - Another 1,12,500 No. of equity shares were issued to employees. (only 42,750 shares taken up). In addition, 28,500 No. of equity shares were allotted to the Company's collaborators Matsushita Electric Industrial Co. Ltd., to maintain their equity participation at the existing level of 40%. 1990 - The unsubscribed portion of 69,750 No. of equity shares out of the employees quota were allotted at par to the employees. On account of this, another 46,500 No. of equity share were allotted at part to the collaborators Matsushita Electric Industrial Co. Ltd., Japan to maintain their shareholding in the Company at 40%. 1991 - The Company proposed to expand the existing production capacity by establishing new plant and machinery to manufacture Hi-tech Eco-Friendly, Mercury free, UM-3 (R-6) Type of Metal Jacketed Penlite Dry cell batteries. 1994 - During the year, superior quality NOVINO SUMO-UM-IS (R-20) batteries and PANASONIC Alkaline batteries were introduced. - The Company introduced superior quality and cost effective Novino Sumo-UM-2S (R-^) Penlite type of dry cell battery with Zinc chloride technology. The company also introduced "Panasonic" brand Alkaline batteries. - The company offered 8,43,750 No. of equity shares of Rs 10 each at a premium of Rs 33 per share in `Rights basis' in the proportion of 3:10 (all were taken up). Simultaneously another 19,50,000 shares offered to collaborators Matsushita Electric Industrial Co. Ltd. Japan (All were taken up). Another 18,750 shares offered to Indian promoter (All were taken up). 1995 - The Company started implementation of ambitious gas lighter project. 1996 - The Company introduced New Novino UM-IPN (R-20) type of dry cell battery in paper jacket section. 2005 -The Company has recommended a dividend @ 30% for the year. 2006 -Company has changed its name from Matsushita Lakhanpal Battery India Ltd. to Panasonic Battery India Co.Ltd. -The Company has recommended dividend @15% for the year. 2007 -The Company has recommended a dividend @ Rs 1.50 per share. 2008 -The Company has recommend dividend @ 30% for the year. - Company name has been changed from Panasonic Battery India Co.Ltd. to Panasonic Energy India Company Ltd. 2009 -The Company has recommended dividend @ 10% for the year. 2010 -The Company becomes the only battery manufacturer in India with complete eco-friendly battery range than do not contain mercury, cadmium and other hazardous chemicals. -The Company has recommended dividend @ 20% for the year. 2011 -The Company has recommended dividend @ 20% for the year. 2012 -The Company has recommended dividend @ 20% for the year. 2013 - Board has recommended a Dividend @ 20% for the year. - Launched India's highest performing "Panasonic Ultimate" dry cell battery with longest shelf life of 36 months. 2014 - Board has recommended a Dividend @ 35% (Rs. 3.50 per share).