International Combustion (India) Ltd. Company History and Annual Growth Details

YEAR EVENTS
1936 - The company was incorporated on 22nd April. The main objects of the company
is to manufacture & service grinding mills, vibratory, chemical pumps, bowl feeders
vibratory screens and fabrication.

1989 - The company entered into a collaboration with Gummi Kuper GmbH of West
Germany for manufacture of rubber and polyourethane screen decks and liners.

1990 - Upgradation of electro magnetic feeders technology in Collaboration with Carl
Schenck ZchBehenck AG of Germany was completed and commercial production
commenced.

- The company before is F E R A company but now, the foreign holder sold there
stock to NRI Directors.

1992 - During the year company had diversified their units into manufacturing of gear
boxes geared motors and electrical motors with technical collaboration.

1994 - According to the Letter of Offer 7,09,458 No. of Equity Shares of Rs.10/- each
have been allotted on 29th July, to the warrantholders who had exercised their
rights to equity entitlement.

- 7,20,206 15% Secured Redeemable Non-Convertible Debentures of
Rs.100/- each with attached Detachable Warrants were allotted on 12th August,
1993.

1995 - The Company has also entered into a new licence agreement with Mogensen
GmbH & Co. Germany for manufacture of "flip flop" screens which are highly
specialised equipment used for grinding moist and sticky material such as limestone,
lignite etc.

- Mr. S. Bagaria and Mr. A.K. Ghose retire by rotation at the ensuing Annual General
Meeting and being eligible, offer themselves for re-appointment.

1996 - The Company has finalised an Agreement with Uniroyal Chemical, U.S.A. for jointly
developing the Indian market for various specialised polyurethane products used in
Mining, Metallurgy, Chemical and related industries.

1997 - The Company developed a range of specialised and energy efficient material
handling equipment which has been launched successfully in the market this year.

- The Company is also developing a state of art computerised motor test
system which is planned to be launched in the market shortly.

1998 - The Bauer Division of the Company has been awarded ISO 9002 certification for
gear boxes and geared motors by Indian Register Quality Systems (IRQS) who are
accredited certifying agency for RvA Holland.

- Mr. S. Bagaria and Mr. R. L. Gaggar retire by rotation at the ensuing Annual General
Meeting and being eligible, offer themselves for re-appointment.

1999 - The Company have been successful in introducing Mogensen Sizers and Girdle
Pocket Elevators in the sugar industry.

- The operations of the Bayer Division, Aurangabad had to be suspended for a
period of about three months on account of strike by a section of the employees.

- Mr. S. Saha was appointed as Director and thereupon a Wholetime Director of the
Company for a period of three years with effect from 16th November 1998.

2000 - The Company has entered into an arrangement with Allagaiers of Germany
for obtaining designs for manufacture and sale of dryers, coolers and granulators
in the Indian market.

- Mr. S. Bagaria and Mr. R. L. Gaggar retire by rotation at the ensuing Annual General
Meeting and being eligible offer themselves for reappointment.

- 'Debentures' represent 7,20,206 15% Secured Non-Convertible Debentures of
Rs. 100/- each of which first Instalment of Rs. 30/- each was paid on 12.08.1998. The
second instalment of Rs. 30/- each which was payable on 12.08.1999 could riot be paid in
respect of 5,96,945 debentures held by certain debentureholders.

- 1,26,336 Debentures rescheduled to be repaid on 12.08.2000.

- 1,80,000 Debentures has also been rescheduled for repayment on 12.08.2001.

- 1,49,989 Debentures of which Rs. 5/- per Debenture has been repaid during the year
and balance has been rescheduled for repayment in 4 quarterly instalments commencing from
2.11.1999.

- 1,40,620 Debentures of which Rs. 11.25 per Debenture has been repaid during the year
and balance has been rescheduled for repayment in monthly instalments of Rs. 229
commencing from 12.02.2000; and the third & final Instalment of Rs. 40/- each is payable on
12th August, 2000.

2011
-Registered Office of the Company has been shifted From 107/1, Park Street, 4th Floor, Kolkata - 700 016 To Infinity Benchmark, 11th Floor,Plot No. G-1, Block EP & GP,Sector V, Salt Lake Electronics Complex,Kolkata - 700 091.

2012

-Company have recommended a dividend of 50% i.e. Rs. 5/- per equity share of the face value of Rs. 10/- each.

- Company has entered into a Memorandum of Understanding (MOU) with Allgaier Werke GmbH (Allgaier), Germany, for formation of a Joint Venture Company.

2013
-International Combustion India Ltd has recommended a dividend of Rs. 5/- per equity share of Rs. 10/- each

2014
-International Combustion India Ltd has recommended a Dividend of 15% i.e. Rs. 1.50/- (Rupee One and Paise Fifty Only) per equity share of the face value of Rs. 10/- each

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