Balkrishna Industries Ltd Company History

Operations at the paper division were suspended for 10 days due

to a fire in the electrical installation. The margins of this

division continued to be affected by increase in cost of inputs.

12,97,560 Bonus equity shares issued in prop. 1:1.

The paper plant was shut down for 13 days for the purpose of

replacement of ACB panel, which was burnt in a fire in September,

1991.

The Company undertook phase-II of the expansion-cum-modernisation

scheme.

A range of Light Commercial Vehicle tires launched in the international market

The Company issued 2,00,000-18% secured redeemable

non-Convertible debentures of Rs 200 each to UTI on private

placement basis. These debentures are to be redeemed in three

equal annual instalments from 3rd November, 1995.

1994 - Under the modernisation-cum-expansion scheme, the plant to be

installed was to have modern finishing equipment for processing

polyester viscose fabrics enabling the synthetic textile

processing division to enter premium segments.

The Company undertook to set up a division named "Balakrishna

Poly Packs" at Murbad, a backward area in Maharashtra, for the

manufacture of 15 million woven sacks of HDPE/PP. This project

was to be financed by a rights issue of non-convertible

debentures not exceeding Rs 240 lakhs, internal accruals and

loans from financial institutions.

The Company allotted 25,95,120 Bonus Shares in the ratio of 1:1

to the existing shareholders. Pursuant to the resolution the

Company allotted 10 lakh shares to Unit Trust of India at a

premium of Rs 200 per share on private placement basis.

The Company undertook to implement a further

modernisation-cum-expansion of Scheme No. V. After the

completion of the Scheme the plant capacity will increase to

48,000 tpa from 30,000 tpa and the scheme also includes the

setting up of a captive power plant of 3.3 Megawatt capacity.

Identified a niche segment for International Market, commenced production of Off Highway Segment

Commenced exports to Europe & North American markets with Agricultural Range of tires. Based on initial success in the International markets ,a massive production expansion program was undertaken

More than 500 SKUs developed in Agricultural application segment since 1996

Started production of Flotation & MPT tires and further expanded the production capacities and capabilities.

Second Manufacturing unit was established at Bhiwadi in Northern part of India, thereby doubling the production capacity. Awarded with prestigious ISO 9001:2000 certificate for Quality Management System by KPMG, Netherlands.

Launch of Earthmover tires, All Terrain Vehicle (ATVs), Lawn & Garden tires

First company from India to introduce Radial Agricultural tires sub branded as AGRIMAX

The Comopany enters into Outsourcing Agreement with Trelleborg Wheel Systems.

Balkrishna Industries has given the Bonus in the Ratio of 1:2

In house mould shop established

The Company has recommended a Final Dividend of Rs 3/- (30%) per Equity Shares of Rs 10/-

Third Manufacturing unit commissioned at Chopanki in Northern India

The Company Opened European office at Milan , Italy

The Company Launched Floatation Radial tires

The Company Introduced 65 series and 90 Series AGRIMAX range of tires.

The Company Introduced Port application tires & Row crop tires.

The Company became first company from India to offer All Steel radial OTR tires. Sub branded as EARTHMAX.

The Company has recommended payment of Final Dividend of Rs 6 per share (60%).

The Company Launched Radial MPT Range of tires sub branded as MULTIMAX.

The Company Introduced Forestry range of tires

The Company has recommended payment of Dividend of Rs 6.00/- per Equity Share

The Company has appointed Shri. L V Merchant, as an Additional Director (Independent Director) of the Company.

The Company Introduced Radial Harvester tires sub branded as AGRIMAX TERIS

The Company introduced Radial extra large tires sub branded as AGRI MAX FORTIS

The Company Introduced Steel belted Forestry tires sub branded as FORSTECH also introduced steel belted ROADMAX range of tires.

Company has splits its Face value of Shares from Rs 10 to Rs 2

Work Commenced at 4th Plant; a Greenfield project.

The Company has repaid 4.5% Foreign Currency Convertible Bonds (FCCB) ('Series B') of USD 22 million.

The Board has recommended payment of Dividend of Rs. 1.40/- per Share (70%) on the Equity Shares of Rs. 2/- each.

The Board has approved the re-appointment of Shri Arvind M Poddar, Vice Chairman and Managing Director of the Company.

The Board has approved the appointment of Shri Vipul Shah, as an Additional Director and Whole Time Director of the Company.

The Board has recommended payment of Dividend of Rs. 1.50/- per Share (75%) on the Equity Shares of Rs. 2/- each.

The Board has approved the re-appointment of Shri Rajiv Poddar for a period of five years w.e.f. January 22, 2014 as a Executive Director and has been re-designated as a Joint Managing Director.

The Board has recommended payment of Final Dividend of Rs. 2/- per Equity Share (100%) on the Equity Shares of Rs. 2/- each

Balkrishna Industries commenced the trial production at Green Field Project located at F-20 - Waluj, with an Installed capacity of 30,000 MT per annum along with warehousing facility for raw materials and finished goods.

Balkrishna Industries Commencement of commercial production of the Brown Field Expansion and Debottlenecking Project at BHUJ Plant .

Company commissioning of the 55,000 MTPA Carbon Black project along with Power Plant.