Precision Camshafts Ltd Company History

Incorporation of the Company

Expanded the machine shop and foundry operations pursuant to an investment by a private equity investor Commonwealth Development Corporation, United Kingdom (CDC”)

Subscription of 66,360 equity shares of the Company by Nandi Investments Limited, a private equity investor

Signed a technical and financial joint venture with G. Clancey Limited, United Kingdom, a European manufacturer of camshafts

Incorporation of a joint venture company, Clancey Precision Components Private Limited (CPCPL”) with G. Clancey Limited to manufacture 1,800,000 camshaft castings per year as an Export Oriented Unit (EOU”)

Merger of Precision Shellcast Limited (PSL”) with the Company pursuant to a scheme of amalgamation as approved by an order of the High Court of Bombay dated February 11, 1999

Acquired 100% ownership in CPCPL by acquiring the stake of its joint venture partner G. Clancey Limited, United Kingdom thereby changing the name of such company to Precision Valvetrain Private Limited (PVPL”)

Purchase of 123,197 equity shares of the Company held by Nandi Investments Limited, a private equity investor by TML Financial Services Limited

Received ‘Indian Exporters Excellence Award’ from Dun and Bradstreet India

Received ‘India Western Region Award’ from Export Promotion Council of India

Merger of PVPL with the Company pursuant to a scheme of amalgamation as approved by an order of the High Court of Bombay dated February 1, 2008

Transfer of 123,197 equity shares by TML Financial Services Limited to Tata Capital Limited pursuant to a deed of adherence dated February 26, 2008

Purchase of 39,919 equity shares of the Company by Tata Capital Limited pursuant to a Share sale and purchase and Shareholders Agreement dated July 31, 2008

Received ‘Excellence in Export Award’ in general category by DHL - CNBC TV18

Received ‘Award for Outstanding Exporter in Engineering Category’ by DHL - CNBC TV18

Received ‘Indian Exporters Excellence Award’ from Dun and Bradstreet India - Export Credit Guarantee Corporation of India Limited for being the winner in the engineering goods sector under the small exporters category

Granted membership with Dun and Bradstreet

Received ‘Customer Relationship Award’ from Tata Capital Limited

Received ‘Indian Exporters Excellence Award’ from Dun and Bradstreet India - Export Credit Guarantee Corporation of India Limited in small exporters category

Received ‘Excellence in Exports Award’ in silver category by Automotive Component Manufacturers Association of India

Received ‘Excellence in Exports Award’ in gold category by Automotive Component

Manufacturers Association of India

Incorporation of the wholly owned subsidiary ‘PCL (Shanghai) Company Limited’ in China

Received ‘JRD Tata Udyog Ratna Award’ by Maharashtra Rajya Audyogik Vikas Parishad

Signed a joint venture agreement with Shenglong Automotive Powertrain Company Limited, China for setting up a camshaft machining facility in China

Signed a joint venture agreement with Shenglong Automotive Powertrain Company Limited, China and ZMM Technology Limited, to set up a Foundry for manufacturing 4,000,000 camshaft castings per annum at Huzhou in China

Transfer of 80,394 equity shares by Tata Capital Limited and therefore exit from the Company

BS OHSAS 18001:2007 certification issued by TUV SUD Management Service GmbH

ISO 14001:2004 certification issued by TUV SUD Management Service GmbH

Received ISO / TS 16949 : 2002 certification issued by TUV SUD Management Service GmbH

Received ISO/TS 16949:2009 certification issued by TUV SUD Management Service GmbH

Granted Automotive Component Manufacturers Association of India Membership

An exclusive agreement with EMAG, a German machining and tooling process company, for transfer of certain know-how and technology for manufacturing of assembled camshafts

Awards, certifications and recognitions :

Received ‘Pitstop Overall Performance Award’ by Maruti Suzuki

Received ‘Best Overall Exporter Award’ from Dun and Bradstreet India - Export Credit Guarantee Corporation of India Limited Indian Exporters’ Excellence Awards under the medium exporters category

Received ‘Best Manufacturer Exporter Award’ from Dun and Bradstreet India - Export Credit Guarantee Corporation of India Limited Indian Exporters’ Excellence Awards under the medium exporters category

Precision Camshafts are listed and admitted to dealings on the Exchange in the list of 'B' Group Securities.

"Precision Camshafts Limited awarded with contract of 1 Million Fully Finished Camshafts from General Motors, Brazil".

"MFT Motoren und Fahrzeugtechnik GmbH awarded with contract of Machined Balancer Shaft unit from Linamar Antriebstechnik GmbH".

Precision Camshafts Limited Received IPF Fastest Growing Manufacturing Company Award.