YEAR EVENTS 1951 - The company was incorporated on 22nd October 1951 at Mumbai as a private limited company & was converted into a public limited company on 19th March, 1975. It was promoted by J.B. Advani & Co. Pvt. Ltd. The objects & activities of the company include the manufacture of a wide range of welding electrodes & their accessories, industrial electronics equipment & power & process control equipment such as thermometry instruments, heat treatment control instruments, DC machines & power control equipment, micro processor instruments, plain copiers, collators, xerography consumables etc. 1979 - The equity shares were issued as bonus shares: 20,000 shares on 29.3.1966; 20,000 shares on 14th May 1970; 15,000 shares on 30th July 1974 and 60,000 shares on 25th March. Out of the total shares issued so far, 1,50,600 shares were held by J.B. Advani & Co. Pvt. Ltd. (Holding Company). 1985 - The Company revalued its freehold land at Chennai, Chinchwad and Kalina (Mumbai) and leasehold right in respect of leasehold land at Ahmednagar, Raipur and buildings at Chennai, Bhandup, Kalina (Mumbai), Chinchwad, Ahmednagar and Raipur as on 30th September. - As per the terms of issue, the Company redeemed the balance 15% Non-convertible debentures of Rs 100 each, amounting to Rs 278 lakhs at a redemption premium of 5% of the face value of debentures. - The Company issued 28,00,000 No. of equity shares of Rs 10 each at a premium of Rs 2 per share linked to 5,60,000 - 15% secured redeemable non-convertible debentures of Rs 100 each. - Out of the total issue, 1,40,000 No. of equity shares linked to 28,000 debentures were reserved and allotted on a firm basis to Unit Trust of India. - 11,76,000 No. of equity shares and 2,35,200 debentures were reserved and allotted on a preferential basis as follows: (i) 1,07,400 No. of equity shares and 21,480 debentures to the employees/workers; - (ii) 88,600 No. of equity shares and 17,720 debentures to business associates and - (iii) 9,80,000 No. of equity shares and 1,96,000 debentures to non-resident Indian/persons of Indian origin residing abroad on repatriable basis. - The balance of 14,84,000 No. of equity shares linked to 2,96,800 debentures were offered for public subscription during June 1986. 1986 - The Company entered into collaboration agreement with welding industries Oerlikon Buhrle Ltd., Switzerland for technology upgradation of welding consumables. - The Company signed a Memorandum of Understanding with two well known U.K. based companies - Ocean Technical Systems Ltd. and Vosper Thorny Croft (U.K.), Ltd. for development of industrial process control equipment and systems. - After the public issue of shares and debentures during June, J.B. Advani & Co. Pvt. Ltd. ceased to be the holding company of Advani-Oerlikon, Ltd. 1989 - The high technology welding consumables were being introduced in the market. 1992 - The company embarked upon a modernisation programme for its manufacturing facilities at various locations. 1993 - The Company has signed an agreement with Timah Langat Berhad, Kualalumpur, Malaysia, to set up a joint venture project for manufacturing welding electrodes and consumables in Malaysia. - The Company proposed to disinvest its shareholding of 5,00,000 ordinary shares of Malaysian Ringit 1 each in the joint venture company `Slectrode Products Sdu Bud'. This was mutually agreed by the Malaysian Promoter and the company received lock the nominal value of the shares which were issued for the investment made by supply of plant and machinery and technology. - During December 1993 - January 1994, the Company issued 36,00,000 Rights equity shares of Rs 10 each for cash at a premium of Rs 15 per share in proportion 1:2. - The Company issued 8 years 17.5% Secured Redeemable Non-Convertible debenture amounting to Rs 400 lakhs to UTI on Private placement basis. 1994 - The Company's subsidiary `Advanced Welding Alloys Ltd.', located at Halol was merged with the Company and was operating as a `Division of Advani-Oerlikon Ltd.' As per the scheme 52,200 fully paid equity shares of Rs 10 each were issued and allotted to the other shareholders of the Amalgamated Company. 1995 - In order to have equity stake in the new company, 100 No. of equity shares of Rs 10 each of Ador Powertron Industries Ltd. were offered at par on firm allotment basis to AOL shareholders. 1996 - 52,76,100 bonus shares issued in prop. 1:2. 1997 - The company in technical collaboration with Machinenfabrick GmbH, West Germany for the manufacture of welding rotators, colums booms, seamers, etc., With Kroger Schweisstechnik, West Germany for the manufacture of automatic and semi-automatic submerged arc welders and gas shielded welders as also modern static welding sources including rectifiers and specialised welding transformers and with Dipl. Ing. W. Rick & Co., West Germany for the manufacture of high voltage rectifiers. 2004 -Mr. V.G. Kutty, Executive Director, takes over as Managing Director from Mr A.T. Mirchandani 2005 -Delist equity shares from the Madras Stock Exchange Ltd, (MSE) Chennai with effect from December 22, 2004 and The Stock Exchange, Ahmedabad (ASE) with effect from January 28, 2005. -Delist equity shares from the Madras Stock Exchange Ltd, (MSE) Chennai with effect from December 22, 2004 and The Stock Exchange, Ahmedabad (ASE) with effect from January 28, 2005. 2006. -Mr R A Mirchandani appointed as an Additional Director on July 28, 2006. 2007 - Ador Welding Ltd. recommended a Dividend for the year 2006-07 at Rs 12/- per share (i.e. 120% of the face value of Rs 10/- each). - Mr. A T Malkani & Mr. D A Lalvani have been appointed as Additional Directors w.e.f. July 27, 2007. 2008 -Ador Welding Board recommended a Dividend for the year 2007-08 at Rs 8/- per share (i.e. 80% of the face value of Rs 10/- each) - Project e-Genx implemented - Complete ERP Solution for company - 2008 -Pune plant achieves- 'U' , ' R' and 'NB' certification and stamps from 'ASME' and 'National Board of Boilers and Inspectors' of USA - 2008 - Ador Group completes 100 years - 2008 2009 -Ador Welding Board recommended a Dividend for the year 2008-09 at Rs 4/- per share (i.e. 40% of the face value of Rs 10/- each). - Company has appointed Mr. Digvijay Singh as an Additional Director ( Independent ) with effect from February 01, 2009. - ADOR Welding Academy moved to Pimpri, Pune - 2009 2010 - Ador Welding Board recommended a Dividend for the year 2009-10 at Rs. 6/- per share (i.e. 60% of the face value of Rs. 10/- each). -Mr.Vippen Sareen, has been appointed as an Additional Director (Independent) on the Board of Directors of the Company at meeting of the Board of Directors held on October 23, 2010. -AWL & AMET (Advanced Manufacturing Engineering Technologies ) formed cooperative alliance to better serve the Market Segments in India and Middle East. -2010 2011 -Ador Welding Board recommended a Dividend for the year 2010-11 at Rs. 6/- per share (i.e. 60% of the face value of Rs. 10/- each). - AWL - All Welding Consumables plant received the Consolidated ISO 14001:2004 certification for all consumables plants -2011 2012 -Ador Welding Board recommended a Dividend for the financial year 2011-12 at Rs. 6/- per share (i.e. 60% of the face value of Rs. 10/- each). 2013 -Efficient Wind Tower Manufacturing. -Improving Productivity with Tungsten Inert Gas (TIG) welding. -Safety at the Work Place. 2014 -Ador Welding Ltd has recommended a Dividend at Rs. 5/- per share (i.e. 50% of the face value of Rs. 10/- each). 2016 -Ador Welding secures order from GCC country. 2022 -Ador Welding has received a Letter of Award (LOA) from ONGC. 2023 - NCLT Approved Amalgamation of Ador Welding Academy Private Limited ('AWAPL') ('Transferor Company') with Ador Welding Limited ('AWL') ('Transferee Company').