YEAR EVENTS 1956 - The Company was Incorporated on 30th June, as a private limited company under the name and style of Atul Drug House, Ltd. In 1960, it was a deemed public limited company under Section 43A of the Companies Act, 1956. The Company's object is to manufacture formaldehyde, hexamine, Pentaerythritol, fatty alcohols and polyacetal resins. - In July, the paid-up capital of the Company was Rs.5,000 divided into 50 shares of Rs.100 each. The capital of the Company was increased by Rs.45,000 by allotment of 450 No. of equity shares of Rs.100 each in March 1960. 1960 - In December, the paid-up share capital of the Company was increased by Rs.5,50,000 by allotment of 5,500 No. of equity shares of Rs.100 each. 1962 - The Company installed its first plant for the manufacture of formaldehyde and hexamine at Kandla. 1966 - In December, the paid-up share capital was increased by Rs.24,00,000 by allotment of 24,000 No. of equity shares as fully paid-up Bonus shares. 1967 - Another plant was put up at Capi near Bulsar in Gujarat State for the manufacture of 14,400 tonnes of formaldehyde and 540 tonnes of hexamine per annum. 1968 - In February, paid-up capital was further increased by Rs.3,00,000 by adjustment of deposits, by allotment of 3,000 No. of equity shares of Rs.100 each against loan. 1970 - The Company installed at Vapi a plant for the manufacture of Pentaerythritol formaldehyde with a capacity of 1,200 tonnes per annum with the technical knowhow supplied by Joset Meissner of W.Germany. - The fluorine chemicals division, however, suffered a setback due to labour problems and continued shortage of working capital. 1971 - Out of the 33,000 shares issued so far, 20,000 shares held by East African Match Co., Ltd., 24,000 shares issued as bonus shares in December 1966 in prop. 4:1. 1975 - Capital reduced by Rs.11,00,000 in terms of the Gujarat High Court order dated 10.10.1975, the Company having purchased 11,000 shares from the minority shareholders. With this, the number of bonus shares issued stood reduced to 16,000. 1976 - The name of the company was changed to Atul Chemical Industries, Ltd. with effect from 14th September. It became a public Ltd. company. 1977 - Before the public issue of shares in December, the Company was a 100% foreign Company. The objects of the issue of shares to the public was to reduce the non-resident holding of 40% and to finance certain expansion projects. - Shares subdivided in Dec. 1976, 6,60,000 Bonus shares issued in March in prop. 3:1. 4 shares of Rs.10 each issued in March to Indian residents. 1978 - With issue of 74,900 No. of equity shares of Rs.10 each to shareholders of Everest Refrigerants, Ltd., the non-resident shareholding in the company was reduced to less than 40%. - The Company issued 15,80,000 No. of equity shares of Rs.10 each at a premium of Rs.12 per share as per RBI approval dated 31st March, 1992 increasing the non-resident holding from 38% to 51% (to M/s. Universal Finance Development Co. Ltd. M/s. Finance & Development Co. of Jersey, Ltd. both at Bermuda). These shares were issued as per revised industrial policy of Government of India, allowing companies to increase the non-resident shareholding to 51%. - With effect from 1st December, Everest Refrigerants Ltd., was amalgamated with the Company. 75,900 No. of equity shares of Rs.10 each and 11% unsecured redeemable bonds of Rs.100 each of the total value of Rs.12 lakhs in the prop. 1 equity share of Rs.10 each of the Company for every 8 No. of equity shares of Rs.10 each of Everest Refrigerants held and one 11% bond of Rs.100 each and 1 equity share of Rs.10 each for every five 9.3% preference shares of Rs.100 each held; the 11% bonds so issued are redeemable at the rate of 2,000 bonds per year commencing from one year after the date of sanction of the scheme of Amalgamation by the High Court. - The name of the Company was changed from Atul Chemical Industries Ltd. to the present one. - During November/December 1977, 9,20,000 shares offered at par to the public. - 74,900 shares issued without payment in cash to members of Everest Refrigerants Ltd. on its merger with the Company. 1981 - 9,37,452 Rights equity shares issued at par. 1985 - The operations of the fluorine chemicals division were adversely affected due to labour problems from October to January 1986. 1986 - A long term agreement signed with the workers of the fluorine division ended on 30th September. The workers resolved to go slow and the Company was forced to declare a lock-out with effect from June, 1987. The lock-out in the fluorine division was lifted in April 1988. - Sales of Hexamine and Sodium formate were adversely affected due to erractic supplies of methanol. 1990 - During the year, refined glycerine was introduced and received a good market response. - The Company issued 29,52,974 No. of equity shares of Rs.10 each for cash at par. Of these 28,12,356 shares were offered to the shareholders on rights basis in the prop. 1:1 (all were taken up) Additional 3,75,618 shares were allotted to retain oversubscription. Another 1,40,618 shares were offered to the employees (only 3,050 shares were taken up) and unsubscribed portion was allowed to lapse. The allotment of 46,235 shares was kept in abeyance. - 32,37,259 rights equity shares issued at par, prop. 1:1. 1991 - Effective from 1st April, the flouring chemical division was delinked from the Company. - 46,235 rights shares kept in abeyance were allotted on 31.3.1992. shares fully called up. 1992 - Further expansion of the capacity at the chemicals storage division from 40,000 KL to 70,000 KL was being considered. - 15,80,000 No. of equity shares allotted (prem. Rs.12 per share) to NRI shareholding companies to increase their holding from 38% to 51%. - The Company is proposing issue of "Rights Shares" in the ratio of 3:5 (i.e 3 new shares for every 5 shares held) which would be mainly utilised for modernisation and expansion of the existing facilities, acquiring fixed assets, retiring high cost debt and improving the debt equity ratio as per package approved by financial institutions. 1993 - The Company proposed to enhance the capacity of petrochem plant at Vapi by importing foreign technology. The imported plant was expected to be commissioned by Feb./March 1996. - The Company entered into an agreement with Amit Alcohol and Carbon Dioxide Ltd. to acquire on lease its Alcohol and Pentaerythritol plants resulting in availability of additional capacity of 1200 tonnes of Pentaerythritol and manufacturing facilities of 6000 KL of Industrial Alcohol. - Also entered into an agreement for lending portion of land at Trombay in addition to terminal management agreement for LPG. - During October, the Company issued 45,59,769 No. of equity shares of Rs.10 each at a prem. of Rs.12 per share on rights basis in the prop. of 3:5. All were taken up. - Another 1,90,800 No. of equity shares of Rs.10 each at a prem. of Rs.12 per share were offered to the employees. Only 1,950 shares taken up. 1994 - Negotiation for setting up a new world size Penta Plant with foreign collaboration was on for the purpose of exporting major portion of production. Also proposed to increase the capacity of storage terminal by 40,000 KL. - 45,61,569 rights equity shares allotted during October 1993. 1995 - 2,81,000 shares converted out of 12,00,000 preference warrants at a prem. of Rs.41.60. - The company proposes to carry out expansion in their existing capacities of their Pettrochem plant at Vapi. - The company is entering into an arrangement with Amit Alcohol and Carbon Dioxide Limited, a company having its manufacturing operiations adjacent to company's plants, to acquire on lease its Alcohol and Pentaerythritol plants. 1996 - The capacity of the Acetaldehyde plant has been increased to 6 TPD from 3 TPD thereby reducing the dependency on the outside market for the requirement of Acetaldehyde and an imported State of Art 12000 TPY plant of Formaldehyde was erected and successfully commissioned in record time. - The Company has converted 2,81,000 out of 12,00,000 Preferential Warrants having an issue price of Rs.51.60 into 2,81,000 No. of Equity Shares of Rs.10/-each at a premium of Rs.41.60. 1997 - The Company is in process of finalising a Joint Venture for the manufacture of Pentaerythritol, which will enhance the capacity to 15,000 MTS per annum, with the latest technology. The proposed joint venture partner Perstorp AB of Sweden, is the World leader in Pentaerythritol technology. - Pursuant to the scheme of Amalgamation approved by the Members and Order of High Court of Gujarat at Ahmedabad dated 2.4.97, Amit Alcohol & Carbon Dioxide Ltd. (AMIT) has been merged with the Company. - Further pursuant to the Order of High Court, Company has allotted 11,83,400 No. of Equity Shares of Rs. 10/- each to the Shareholders of AMIT in the ratio of one equity share for every four equity shares of AMIT. 1998 - 11,83,400 No. of equity shares of Rs 10 each issued to the shareholders of erstwhile Amit Alcohol & Carbon Dioxide Ltd. on its amalgamation with the Company of which 15,000 shares held by (AMIT) calcelled pursurant to the High Court order. - During the Year, the Company intends to spin-off the Petrochem division into a Joint Venture with Perstorp AB of Sweden, the world's largest producer of pentaerythritol. 1999 - The Petrochemicals Division was hived off to Perstorp Aegis Chemicals Ltd., (PACL) a Joint Venture company between the Company and Perstorp AB, Netherlands. - During the year Mr. S.V. Ghatalia. Director had resigned from the Directorship of the Company on grounds of ill-health. 2000 - Hindustan Aegis LPG Ltd, a company promoted by Aegis Chemical Industries Ltd, is preparing a package for the members of the Bombay Taximen's Union (BTU) to convert their vehicles from petrol or diesel-driven to liquefied petroleum gas (LPG) as fuel. 2002 -Aegis Chemical Industries Ltd has informed BSE that consequent to the members not approving the resolution for reappointment of Directors Mr R R Khimasia and Mr S R Khimasia at the 45th AGM held on September 07, 2002 they ceased to be Directors of the Company. 2004 - Mr. Sangameshwar Iyer has been appointed as a Compliance Officer of the Company in place of Mr. A Chandarana. 2005 -Aegis Logistics has recommended a dividend of Rs 1.20 per share 2006 -Ms. Jignasha Shah has been appointed as a Company Secretary & Compliance Officer of the company. -Aegis Logistics has recommended dividend at Rs 2.50 per share 2007 -Aegis Logistics has recommends dividend at Rs 2.50 per share 2008 -Aegis Logistics has recommended final Dividend at Rs 2.00 per Share -Mr. V H Pandya has been appointed as Additional Director of the company. 2009 -Aegis Logistics acquires Shell Gas (LPG) India 2010 -Aegis Awarded BORL Contract -Aegis enters into a major deal with APM Terminals Pipavav for a Port Infrastructure Project. -Aegis Logistics has given the Bonus in the Ratio of 2:3 2011 -Aegis inks MOU with APM Terminals, Pipavav -Mr. Shivatosh Chakraborty has been appointed as a Company Secretary & General Manager - Legal and compliance officer of the Company 2012 -Aegis Logistics forays into marine bunkering sector to offer fuels and servicing solutions -Aegis Logistics has recommended final dividend @ 20% i.e. Rs.2/- per share 2013 -"Oil Price Deregulation: A Positive Development". 2014 -Aegis Logistics Ltd has Recommended Final dividend @ 27.5% i.e. Rs. 2.75 per share for the financial year ended March, 2014. 2015 -India Ratings Assigns Aegis Logistics `IND AA'; Outlook Stable -Investor Release - Additional Land Allotment at Kandla Port -Aegis Logistics has splits its face value from Rs. 10 to Rs. 1 2017 - Aegis Logistics has entered into a Share Subscription Agreement with its subsidiary Aegis Gas (LPG) Private Limited. -"ITOCHU Petroleum Co., (Singapore) Pte Ltd to invest and take up a 19.7% stake in the new Haldia LPG terminal project." 2021 -Aegis Logistics Limited has informed that Approved investment in the shares of Aegis LPG Logistics (Pipavav) Ltd., by way of acquisition upto 100% stake from its wholly owned subsidiary Aegis Gas (LPG) Pvt. Ltd. ii. Approved further investment in the shares of Aegis LPG Logistics (Pipavav) Ltd. by acquiring additional 4,60,000 equity shares of Rs. 10/- each and 1,00,000 Compulsory Convertible Preference Shares of Rs. 10/- each convertible into equity at par on 31st August, 2025. -Aegis Logistics and Royal Vopak of the Netherlands to form a major joint venture for LPG and chemical terminals in India 2022 -Aegis Logistics, through its 100% subsidiary, has signed definitive agreements to acquire assets pertaining to liquid tank terminals with capacity of ~500,000 KL.