Ador Fontech Ltd. Company History and Annual Growth Details

The Company was incorporated originally as Cosmics Electronics and Ancillaries Pvt. Ltd. on 22nd August,1974. The name of the Company was changed to Cosmics General Engineering Pvt.Ltd. on 7th December, 1979. On 21st October, 1988 the Company changed its name to Cosmics
Fontech Pvt.Ltd. The Company became a Public Limited Company on 17th November, 1993.

M/s. Cosmics Fontech Limited (CFL) is an associate Company of M/s. Advani-Oerlikon Limited. It was set up to provide Products, Services and Solutions for Reclamation and Service Life Improvement of vital machinery components in various industries.

The Company commenced operations on 17th December, 1979 under the name of Cosmics General Engineering Pvt Ltd. The purpose was to provide industries a comprehensive range of Low Heat Input Welding Alloys, Flux Cored Welding Wires, Thermal Coating Alloy Powders and the associated equipment used with the relevant reclamation and surfacing processes.
On 21 st October 1988 obtained the certificate for change of name to Cosmics Fontech Private Limited. The word Private was deleted from the name of the Company on 21st October 1988 under the Companies Act 1956, when the Company became a deemed public Company. On 17th November, 1993 the Company became Cosmics Fontech Ltd., full fledged Public Limited Company under Section 43(A).

2000

-Exclusive distributorship for CEPRO (Netherlands) range of world class 'welding spot separation' products.

2002

-Distributorship for Soitaab (Italy) range of cutting systems.

2003

-Ador Fontech have declared dividend at the rate of 25 % on the paid-up share capital, being Rs 2.50 per share

2004

-Manufacturing Unit for Low Heat Input Welding Alloys at Bangalore.

2005

-Ador Fontech Recommended a dividend of 35% (inclusive of 5% Silver Jubilee Dividend)

2006

-Ador Fontech has recommended a dividend of 40%

2007

-Ador Fontech has recommended a dividend of 50%

-Mrs. R T Malkani was appointed as additional Director of the Company

-Mrs. Ninotchka Malkani Nagapal was appointed as additional Director of the Company

2008

-Mr. Deep A Lalvani has been inducted as Additional Director of the Company

-Ador Fontech has recommended a dividend of 50%

2009

-Ador Fontech has recommended a dividend of 50%

2010

-Ador Fontech Ltd has recommended a dividend of 120% including special dividend of 30%

2011

-Ador Fontech Ltd sub-division/ stock split of Rs. 10/- (Rupees ten) per share of the Company in to the shares of Rs. 2/- (Rupees two) each.

-Ador Fontech have recommended a dividend of Rs. 2.5 per equity share.

2012

-Ador Fontech has recommended a dividend of Rs. 3 per share.

2013

-Board has recommended a dividend of Rs. 3.50/- per share for the year 2013.

2019
-The Company has issued Bonus Shares in the Ratio of 1:1.

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article