Forbes & Company Ltd Company History

Decided to put its optics division on the block and exit from the lens manufacturing business

Diversified Tata group company has closed down its textile unit at Vadodara due to mounting losses.

Forbes Gokak Ltd a Tata Group company and Barwil Agencies of Wilh Wilhemsed Norway have formed a joint venture company to provide shipping agency transport logistics and related services in India with its headquarters in Mumbai.

Decided to divest its entire shareholding of 28.56 per cent in Goodlass Nerolac Paints (GNP) to its foreign collaborator Kanasi Paint Co of Japan.

Forbes Gokak Ltd and Tata Consultancy Services (TCS) have announced a strategic partnership wherein TCS will be Forbes' IT partner and will support its IT initiatives.

Tata group company Forbes Gokak has shed around 170 employees through a voluntary retirement scheme (VRS), resulting in a total outgo of Rs 4.5 crore.

Board Approves a proposal to buy out Electrolux's 40 per cent stake in their joint venture, Eureka Forbes, according to the Bombay Stock Exchange.

Tatas offload 6.77% in Forbes Gokak at Rs 80/share to Pallonji Mistry Group

Shapoorji Pallonji makes open offer for 20% equity stake in Forbes Gokak at a price of Rs 80 per share

Mounted a counter-offer for the Mumbai-based textile company, has acquired a 15 per cent stake in the company in violation of the takeover code guidelines.

Mr Pawamkumar Sanwarmal, has pledged 1,45,000 shares of Pilani Investments and Industries Corporation amounting to Rs 112.66 crore as part of his funding arrangements for the 20 per cent counter-open offer for Forbes Gokak at Rs 88.50 a share

Decided in favour of the small shareholders of Forbes Gokak Ltd and allowed the counter bid launched by Pawankumar Sanwarmal to proceed.

The Shapoorji Pallonji Mistry camp has filed an appeal with the Securities Appellate Tribunal (SAT) against the Securities and Exchange Board of India (Sebi) order allowing the Pawankumar Sanwarmal group’s counter bid for acquiring a stake in Forbes Gokak.

Shapoorji Pallonji group has brought Tata group’s 8.04 per cent stake in Forbes Gokak. The deal was signed at a price of Rs 90 per share. With this acquisition, the Shapoorji Pallonji group has increased its stake in the company to 41.7 per cent

Sterling Investment Corporation Pvt. Ltd. purchases 23,495 shares representing approx. 0.19% of the total capital of Forbes Gokak Ltd through open market

Shapoorji Pallonji group buys 11.22 lakh shares of Forbes Gokak from the stock market at a price of Rs90 per share. This represents about 9.01 per cent of the equity of the company

Construction king Shapoorji Pallonji group’s shares in the diversified company, Forbes Gokak, has exceeded 50 % of its paid-up equity.This has come in the wake of the group, making open market purchases.

Non convertible debenture issue has been downgraded to' A+' from 'AA-' by CRISIL.

Acquires Electrolux AB’s 40 per cent stake in the joint venture Eureka Forbes for Rs 32 crore

Ties up with Daks Simpson, for licensing rights for distribution of Daks products in India. The Daks brand was earlier marketed by Tata International. Daks brand, has formal and semi-formal wear consisting of blazers, shirts, suits and ties, trousers, accessories, T-shirts in cotton, wool and woollen blends.

Mr Shapoor P. Mistry inducted as the chairman of the board of directors of Forbes Gokak Ltd. replacing Mr Pallonji S. Mistry

Forbes Gokak has become a significant company in the Pallonji Mistry's lottery venture, Dhandhanadhan Infotainment as the former has bought out 49 per cent holding in Dhandhanadhan for a consideration of Rs 5.88 crore.

Resolved to amalgamate its two wholly-owned subsidiaries namely, Bradma of India Ltd and Campbell Knitwear Ltd pursuant to a Scheme of Amalgamation, under the provisions of Section 391-394 and other provision of the Companies Act 1956

Enters into marketing tieup with Daks Simpson, British apparel major, to manufacture & market Daks range of brands in India

British apparel major Daks Simpson has entered into a strategic licensing agreement with Mumbai-based company Forbes Gokak which will manufacture and market its Daks brand in India.

Forbes Gokak Ltd has completed the purchase of 19,80,000 shares of Eureka Forbes Ltd i.e 11,80,000 shares directly by the Company and 8,00,000 shares through its wholly owned subsidiary Forbes Finance Ltd, for an aggregate amount of Rs 524.20 million and thus Eureka Forbes Ltd has now become a wholly owned subsidiary of the Company.

Savile Row joins hands with Forbes Gokak to enter India

Company name has been changed from Forbes Gokak Ltd to Forbes & Company Ltd.

The Company has recommended a payment of dividend @ 15% (Rs 1.50 per share of Rs 10/- each).

Mr. T R Doongaji has been appointed Additional Director on the Board of Directors of the Company.

Mr. Kaiwan Kalyaniwalla has been appointed Additional Director on the Board of Directors of the Company.

A Subsidiary and Joint Venture Company of the Company has been awarded a 7-year contract by ONGC.

Sivanandhan was appointed a Director on the Board of Directors of the Company.

The Comapny has recommended a dividend of Rs. 1 (10%) per equity share of Rs. 10.

Board recommended a Dividend of Rs. 0.50 per equity share.

The Company have appointed Mr. Pankaj Khattar as Company Secretary and Compliance Officer.