Carborundum Universal Ltd Company History

Mr M V Murugappan steps down as the Whole Time Director on the Board of the company.

Sells its Electrocast refactories unit at Palkkad for Rs.31 crs.

Appoints Mr Ramesh Agarwal as the Manging Director of the company.

The Company has acquired a 51% stake in CUMI Australia Pty Ltd.

M.M. Murugappan new MD for Carborundum Universal

Gets award for industrial safety instituted by National Safety Council, Kerala Chapter in other industries sector in the small industries category

Carborundum Universal Ties up with South African firm Cerdak

Carborundum Universal Ltd sets up 100% subsidiary in Ras Al Khaimah, U.A.E for marketing its products, namely, Abrasives, Ceramics, Refractories and Electrominerals in Middle East

Carborundum Universal has given the Bonus in the Ratio of 1:1

Carborundum Universal enters into a Joint Venture with CEEB to take a 49% stake in Jingri, Yanjiao, China

Carborundum Universal Ltd has entered into a Business Purchase Agreement with IVP Ltd, for the acquisition of its industrial ceramics division at Aurangabad, Maharashtra, as a going concern subject to fulfillment of statutory and other formalities. The deal is expected to be completed shortly.

Carborundum Universal Ltd has informed BSE that Mr. M Lakshminarayan has been appointed as Non Executive Director of the Company with effect from January 20, 2009.

Mr. K Srinivasan has been reappointed as Managing Director.

Mr. Sridharan Rangarajan has been appointed as Chief Financial Officer of the Company.

Carborundum Q2 net up 29% at Rs34.65cr

Company has splits its Face value of Shares from Rs 2 to Re 1

Carborundum Universal Limited Q4 up 9.32% at Rs 54.04 cr

Carborundum Universal ties up with UK’s Sheffield Refractories and Anderman.

Mr Aroon Raman has been appointed as Non Executive Director of the Company with effect from October 30, 2013.

The Company have recommended a Final dividend of Re. 0.75 (paise Seventy five only) per equity share (on a face value of Re. 1/- ) for the year.

The Company has wholly owned subsidiary of Carborundum Universal Ltd. (CUMI), India, has formed a 100% subsidiary company.

Merger of Cellaris Refractories India Limited (CRIL) with Carborundum Universal Limited (CUMI)

Carborundum Universal Ltd.Inaugurates new R&D centre at Industrial Ceramics unit in Hosur

Carborundum Universal Limited has informed that M/s. Karvy Computershare Private Limited (the Company??s Share Transfer Agent) has intimated us of the Order passed by the Hyderabad Bench of the National Company Law Tribunal (NCLT Order) approving the composite scheme of arrangement and amalgamation between M/s. Karvy Consultants Limited (demerged company), M/s. Karvy Computershare Private Limited (transferor company) and M/s. Karvy Fintech Private Limited (resulting company). As per the said Scheme, the operations of Karvy Computershare Private Limited have been transferred to Karvy Fintech Private Limited with effect from 17th November 2018. The Company has been further informed that pursuant to the NCLT Order, all the existing agreements to which KCPL is a party including the RTA agreements entered into with the Company shall be in full force and vest with Karvy Fintech Private Limited

The Company's Abrasives division at Sriperumbudur, Tamil Nadu which manufactures Coated Abrasives at an existing installed capacity of 15 million sq. mtr. per annum having a capacity utilization of over 90% has today commenced commercial production with an additional capacity of 15 million sq. mtr. per annum. With this, the total capacity of Coated Abrasives at the Sriperumbudur facility now stands at 30 million sq. mtr. per annum.

We further wish to inform that the additional capacity has been installed at an investment of about Rs. 480 million. The investment has been funded entirely from internal accruals. The capacity addition was undertaken to augment the existing coated abrasives facility with a state of the art maker process and equipment which will also cater to the growing market demand for coated products domestically and internationally.

The company has said that M/s CUMI GmbH, Germany, a step down wholly owned subsidiary of the Company, has entered into an Asset Purchase Agreement (APA) on 22nd December 2021 at Germany to acquire the main assets including land & building, plant & machinery, fixed assets, leased assets, brands & trademark, patent, technical know-how and other intangible assets but excluding cash and receivables of M/s AWUKO Abrasives Wandmacher Gmbh & Co. KG (AWUKO) which is under insolvency proceedings from 1st December 2021.

The company, regarding the proposal for acquisition of equity shares of M/s. Altstadtsee 492.V V GmbH) by CUMI International Limited, Cyprus (CIL), a wholly owned subsidiary of Carborundum Universal Limited (CUMI), The acquisition is completed as per the details of our earlier communication.

Regarding the strategic acquisition of equity shares in PLUSS Advanced Technologies Private Limited (PLUSS), the company has said that we, M/s Carborundum Universal Limited (CUMI) have completed the acquisition / investment in the equity share capital of PLUSS on 6th October 2021 aggregating to 71.99% of the paid-up equity capital.

Post this acquisition effective 6th October 2021, PLUSS along with its wholly owned subsidiary in Netherlands - M/s. Pluss Advanced Technologies BV have become subsidiaries of CUMI.

CUMI received CII National Office Innovation Award 2022.

CUMI received Corporate Excellence Award 2022.

Cumi Inks Mou With Drdo’S Rci Laboratory For Ceramic Radome Technology.

Cumi Launches Monocrystalline Alumina Under Brand Name Cumi Monk.