Company History - Asahi India Glass

YEAR EVENTS
1985 - Asahi India Safety Glass Ltd was incorporated on 31st
December.
The company manufactures toughened glass. The company was
initially know as Indian Auto Safety Glass Private Limited
and
the name was changed to Asahi India Safety Glass Ltd., upon
the conversion into a Public Limited Company on 31st December
1985. It was promoted by Asahi Glass Company Limited of
Japan,
Maruti Udyog Ltd,. The Indo-Asahi Glass Co. Ltd. and R.M.
Labroo
& Associates. It proposed to manufacture 2.6 lakhs sq. mtrs.
of
toughened glasses for solar panels and T.V. building
machinery.

- Asahi Glass Company Limited Japan, agre

details and training to the company personnel against a lump
sum
fee of Japanese Yen 50 Million.

1987 - The Company proposed to install an additional furnace to

increase
its production capacity.

- 9,87,601 shares, were subscribed for by promoters, directors,

etc. 8,62,399 shares then issued at par out of which the
following shares were reserved and allotted: (i) 2,399 shares
to
promoters, directors, etc. (ii) 60,000 shares to NRIs on
repatriation basis and (iii) 60,000 shares to NRIs on
non-repatriation basis. Out of the remaining 7,40,000 shares
the
following shares were reserved for preferential allotment;
(i)
92,500 shares to employees, etc. of the Company (only 2,700
shares taken up) and (ii) 14,800 shares to business associated
of
the Company (all are taken up). The Balance 6,32,700 shares,
89,800 shares not taken up by employees, were offered to the
public in April 1987.

1988 - 17,200 No. of equity shares forfeited on 22nd March, of which

16,500 shares were reissued.

1989 - A new furnace was installed. After complying with the demand
of
Maruti Udyog Ltd., the Company proposed to utilize its
additional
capacity for production of tempered glass for other
automobile
manufacturers. The Company installed a printing line for
production of glasses with black ceramic printing and with
heat -
 lite printing.

1991 - 500 shares forfeited in 1990-91 were reissued at par in

1991-92.

1992 - The company undertook to implement a project to manufacture

laminated safety windshields.

- 250 shares of Rs 10 each allotted.

1996 - Company has successfully implemented expansion of installed

capacity in the laminated plant to 7,50,000 windshields and
in
tempered plant to 1137000 sq. mtrs.

2000 - The Rs 10-crore commercial paper programme of Asahi India

Safety
Glass Ltd. has been assigned an `A1' rating, indicating
highest safety.

2001 - The Company has entered into a joint venture with one of its
distributors, Map Auto,
and will make trade investment in and acquire 1,00,000
equity shares in Map Auto
Glasses.

- Asahi India Safety Glass Ltd (AISGL) is making an offer to

shareholders of Float Glass India Ltd (FIL) to
acquire up to 85,15,015 shares at Rs 11 per share.

- Asahi India Safety Glass Ltd has informed BSE that the Board
of Directors of the Company at its meeting held on October 1, 2001
interalia approved the Allotment of 37,00,000 equity shares of Rs
10/- each as fully paid-up Bonus shares in the Company with effect
from October 1, 2001

2002-

Gautam Thapar appointed as Additional Director of Asahi India Safety

Glass.

2003

-The Board of Asahi India Glass Ltd. approves for the re-appointment
of Mr. P L Safaya
as the Whole Time Director.

-Mr Yuji Hara gives his resignation on the Board of Asahi India Glass
Ltd.

-Floatglass India Ltd.has amalgamated with the company.

-Board approved de-listing of equity shares of the Company from The

Stock Exchange, Ahmedabad, The Calcutta Stock Exchange Association
Ltd. and The Delhi Stock Exchange Association Ltd.
2004

-Asahi India Glass Limited's securities delisted from Delhi Stock

Exchange Association Ltd. (DSE) w.e.f. March 31, 2004.

-Asahi India Glass Delisted from Delhi Stock Exchange

2005

- Second automotive glass plant of the Company set up at Chennai has

commenced commercial production w.e.f. January 01, 2005.

2007

-Asahi India Glass Limited has appointed Ms. Meenu Juneja, Head-
Legal & Company Secretary as the Compliance Officer of the Company.