Veljan Denison Ltd
Veljan Denison Ltd Company History
Veljan Denison is engaged in the business of Manufacturing of Hydraulic Pumps, Motors, Valves and Custom Built Power Packs.
1973
The company was incorporated during the year and promoted by Sri. V C Janardan Rao, with an objective to manufacture and distribute hydraulic motors, pumps and valves.
1973
1987
Abex Corporation had transferred their interest in the Denison Division to M/s. AB Hagglund & Soner of Sweden and since then the Denison Division came to be know as Hagglunds Denison.
1987
2001
Name of the company was changed from Hagglunds Denisons Ltd to Denison Hydraulics India Ltd.
2001
2006
Sri Gopi Kishan Kabra, had been appointed as the additional director of the company on February 2006 but the appointment come to effect from 27th January, 2006, under Section 260 of the Companies Act.
2006
2008
Members at the annual general meeting of the company had reappointed Mr. V Pattabhi and Mr. R C Sohni as the directors.
Mr. Kumar Tipirneni, was appointed as director of the company.
2008
2009
Denison Hydraulics has recommended a Dividend @ 50%
2009
2010
Company has changed its name from Denison Hydraulics India Ltd. to Veljan Denison Ltd.
Veljan Denison have recommended a Dividend @ 50%
2010
2011
Veljan Denison Ltd Issues Rights in the Ratio of 1:4
2011
2012
Veljan Denison has recommended a Dividend @75%
2012
2013
Board recommends Dividend of Rs 7.50.
2013
