Rico Auto Industries Ltd Company History

Board approves for the issue of Bonus Shares at the ratio of 1:1

Board of Directors approve for the acquisition of Auto component Manufacturing Company in India and abroad.

Kapsons Associates Pvt Ltd acquires 40,399 shares amounting to 0.37% of the total paid up capital of the company.

Ford Motor Company selects Rico Auto Industries to participate in its Global supplier Development programme.

Board approves for the scheme of amalgamation of Rico softech.

Rico Auto Industries Board approves sale of Agro Division at Bundi

Rico Auto Industries Ltd has informed that the equity shares of the Company have been delisted from The Delhi Stock Exchange Association Limited (DSE) wef January 23, 2004.

High Court of Punjab & Haryana approves Amalgamation of Rico Softech Limtied with Rico Auto Industries Ltd

Company has splits its Face value of Shares from Rs 10 to Re 1

Oppenheimer Funds Inc. ('OFI') - FII has acquired 40,29,064 shares aggregating to 3.29% of the share capital of Rico Auto Industries Ltd.

Kapsons Associates Pvt. Ltd. has acquired 36,000 shares of Rico Auto Industries Ltd.

Rico Auto signs licensing & technological assistance agreement with Teksid Aluminium, Italy.

Rico Auto signs up with Pierburg for technology assistance.

The Board of Directors of the Company, has declared an interim dividend @ 75% i.e. Rs 0.75 per Equity Share of Re 1/- each, for the financial year ended.

The Company and M/s. Zhejiang Jinfei Co. Ltd (JINFEI) of China have signed a Joint Venture Agreement in China for establishing a Joint Venture Company in India to manufacture Aluminium Alloy Wheels for Two Wheelers.

The Company and Continental AG of Germany have signed an Agreement for establishing a new Joint Venture Company in India to manufacture Hydraulic Brake Systems (HBS). The new Joint Venture Company will have equity base of 50:50.

The Company and Magna Powertrain, an operating unit of Canadian-based Magna International Inc. and a leading global automotive powertrain supplier have signed an Agreement for establishing a new Joint Venture Company in India to manufacture Oil and Water Pumps with Aluminium Housings for automotive engine applications for Indian and European markets.

The Share Transfer Committee of Board of Directors of the Company has allotted 97,00,000 (Ninety seven lacs only) fully convertible warrants into equivalent number of equity shares of Re 1/- each at a premium of Rs 16.50/- (Rupees Sixteen and paise fifty only) to M/s. Kapsons Associates Investments Pvt. Ltd, the Promoter Group Company by way of preferential allotment basis.

Rico Auto - New Plant at Haridwar commences production.

RicoAutoInds - New Plant at Sanand, Gujarat commences production.

The Company has sold the entire 475680 fully paid-up equity shares of Rs. 100/-each of the Joint Venture and Subsidiary Company namely KRP Auto Industries Ltd to the other Joint Venture Partner namely Kailash Royal Premium Projects Private Ltd.

The Board of Directors of the Company has recommended a dividend @ Re. 0.15 (15%) per Equity Share of Rupee One each for the financial year ended.

Board has recommended a dividend of Re.0.15 (15%) per Equity Share of Rs.1 each.Â

 2014

Board has recommended a dividend of Re.0.10 (10%) per Equity Share of Rs.1 each.

Rico Auto Industries Ltd the name of the Subsidiary Company "RAA Autocom Limited" has been changed to "Rico Aluminium and Ferrous Auto Components Limited

Rico lays foundation stone for plant in Bhiwadi.

NCLT Chandigarh has approved the Amalgamation of Uttarakhand Automotives Ltd., wholly owned subsidiary (Transferor Company) with Rico Auto Industries Limited (Transferee Company) vide its Order No. Company Petition No.240/2016 RT CP (CAA) No.118/Chd/Hry/2017 delivered on 14th December, 2017 Â