YEAR EVENTS 1960 - The company was incorporated in 8th February at Calcutta. The name of the company was changed with effect from 3rd May 1969 from Hindustan Twyfords Ltd to Hindustan Sanitaryware & Ind Ltd. The main object of the company is to manufacture Vitreous China Sanitaryware, Glass products, refractories and Plaster of Paris. - 10,000 No. of equity shares to promoters and 1,04,000 No. of equity shares to foreign collaborators issued for cash. 1,00,000 No. of equity shares allotted to directors etc. 20,000 pref. and 1,85,000 No. of equity shares offered to the public. 1966 - 99,809 bonus equity shares issued in the proportion 1:4. 1969 - 2,39,542 bonus equity shares issued in the proportion 12:25. 1980 - 2,46,195 bonus shares issued in prop. 1:3. 1981 - Associated Glass Industries, Ltd. was merged with the company with effect from 29th June, and their glass unit at Hyderabad was taken possession of by the company from that date. Immediately thereafter, work was taken up for extensive repairs to furnace, plant and machinery and gas producers and updating of the I.S. Glass forming machines. - With the co-operation of Glass Equipments (India), Ltd., it was possible to start production in November on furnace HW-II and establish capacity to draw 62 tonnes of glass per day as against the 42 tonnes specified by the erstwhile foreign collaborators. HW-II furnace was put into service in July, after minor modifications and extensive repairs for draw upto 69 tonnes per day. As envisaged, operations proved to be profitable. - Associated Glass Industries, Ltd. was merged with the company with effect from 29th June. 1983 - Owing to labour unrest and violence, a lock-out had to be declared from 18th May, to 11th November. Since then, one furnace was in operation as HW-II sustained heavy damages at the time of sudden closure. It was repaired, renovated and enlarged. - Authorised capital reclassified. 15,000 pref. and 67,500 No. of equity shares allotted without payment in cash to pref. and equity shareholders respectively of Associated Glass Industries Ltd. on its merger with the Company. 1984 - Capacity was increased by using electric booster of 90 TPD with the booster installations, the furnace had been successfully operated on green glass. 1986 - Production declined due to incessant power cut imposed by Andhra Pradesh State Electricity Board, glass leakage in HW-II furnace twice and a major break down in the new compressors. Despite these adverse factors, the company acheived a production of 83% of the licensed capacity. - The company installed and commissioned a CNC turning centre imported from W. Germany - The company undertook a modernisation programme in phase. 1987 - Production at 10,450 tonnes showed a marginal improvement despite shut down of tunnel kiln for two and a half months for modernisation. - Production declined to 26,961 tonnes due to reasons such as plant shut down for 3 months for modernisation, power cut as high as 50% and untimely break down in flint furnace. - An application was made for an industrial licence to enhance the capacity to 18,000 tpa. - The company received Government permission for construction of another highly energy efficient automated kiln. - The amber glass furnace was commissioned at the Hyderabad Unit. Also, a plant for substantial reduction of ash and tar from coal gas and thereby prolong the life of the furnace, was introduced. - During the year, a 2.9 MW Sulzer Autostar DG set and 2 centrifugal air compressors were ordered. - 5,26,141 bonus equity shares issued in prop. 1:2. 1988 - The company proposed to install a new Mirrlees Blackstone generator of 3.3 MW in December and a sluzer set by the middle of the year. - The company proposed to make an application for grant of LPG as the supply of residential fuel oil was not satisfactory. It was also proposed to replace 2 kilns by one high energy efficient kiln. Two new colours and a range of silk matt glazes were introduced during the year. - The Company launched "Solara" a new luxury bath room series. - Production and sales showed improvements despite constraints due to relocation of various equipments during the on going modernisation programme. With amalgamation of Krishna Ceramics, Ltd., the company acquired a sanitary ware manufacturing unit at Bibinagar in Nalgonda. This was expected to meet the demand in the Southern Indian market. - The flint glass furnace was commissioned after expansion and modernisation of the unit. One of the two imported Centrifugal Air Compressors was erected and was commissioned during 1989-90. - With effect from 30th June, "Krishna Ceramics Ltd." (KCL) was amalgamated with the company. As per the scheme of amalgamation, 8 equity shares of Rs. 10 each of KCL were to be exchanged for 1 equity shares of the Company. 1989 - The performance of the Bhadurgarh and Bibinagar units would have been better but for shortage of power at the Bhadurgarh unit and industrial unrest for 23 days at Bibinagar unit. - Also, a new casting shop with floor area of 97,000 sq. ft. incorporating modern facilities was commissioned in early 1989. - Apart from these, mechanisation and automation were also introduced in various other departments. - During the year, the Hyderabad Unit, was permitted an increase in its licensed capacity by 40%. The Company proposed to rebuild the existing furnaces and equip the present machines for higher speeds. Also necessary infrastructures were proposed to be furnished for high speed operations and increased production capacity of 48,000 tpa. - 3,65,625 No. of equity shares issued without payment in cash to the members of Krishna Ceramics Ltd. on its merger. 1990 - To counter the humid conditions during monsoon, an air heating system in the casting shop was installed. - A 300 KVA DG set was transferred to the 2nd unit of AP plants from the glass division. - However, Glass unit of 2.9 MW DG set was commissioned and with this the production was streamlined in the second half. - At the unit no. 1 in Bhadurgarh and one more shuttle kiln was installed. With these, the company hoped to increase the installed capacity upto 18,000 TPA shortly. 1992 - New luxury bathroom suite was well received in the market. - Production registered a marginal decline due to planned shut down of white furnace for about one and a half months in the first half of the year. - With the modification of Dig House Configuration of HW-II White furnace, the quality of glass improved significantly in terms of seed count by as much as 80%. 1993 - Environmental Control Equipment was installed at Unit No. 1 in Bhadurgarh resulting in improved productivity. - During October/November, public and right issue of 15,77,316-15% secured redeemable partly convertible debentures of Rs. 130 each. - Out of the total issue, 7,79,624 debentures were offered to the equity shareholders of the company in the proportion of one debenture for every two equity shares held (all were taken up) and 38,900 debentures were offered to the employees of the company (only 5,400 debentures were taken up). - 57,692 debentures offered to the financial institutions. 75,800 debentures to the Schablona India Ltd., 19,000 debentures to foreign institutional investors (all were taken up). 75,800 debentures offered to the Mutual funds (only 65,400 debentures were taken up. Unsubscribed 10,400 debentures were added back to the public issued of 5,30,500 debentures (all were taken up). - Part A of Rs. 45 each debenture was to be converted into one equity share of Rs. 10 at a premium of Rs. 35 on allotment. - Part-B of Rs. 85 was to be redeemed in three annual instalments of Rs. 30, Rs. 30 and Rs. 25 at the end of 7th, 8th and 9th year respectively from the date of allotment. - Soma Plumbing Fixtures, Ltd. and Ceramic Services, Ltd. are subsidiaries of the Company Amal Ceramics, Ltd. is also a subsidiairy of the company. - 15,43,816 No. of equity shares allotted in conversion of debentures. 1994 - The company procured a sophisticated multicolour printing machines for increasing capacity of printed bottles for the soft drink/beverage industry. - 15,25,198 No. of equity shares allotted at a prem. of Rs. 86.12 per share on conversion of debentures. 1995 - The mould dryer was commissioned. - During the year, the company proposed to add a new 250 tonnes per day plant to its glass division. 1996 - New Colours and designs were introduced during the year. - Production was constrained because of one of the glass furnaces was under planned shutdown for ten weeks. - A new Enterprise-wide Resource planning system was under installation of Bhadurgarh of facilitate improved MIS and on-line availability of all important information for decision markets. The company also proposed to install a 4.2 MW DG set operating on Heavy Oil which was expected to be operative in 1997-98. 2000 - The Company's container glass division has been renamed as "AGI Glaspac." The modernisation and expansion programme of the division has been completed. The new state-of-the-art furnace is energy efficient and environment friendly. - The Company has achieved the ISO 14001 certification for environment friendliness. The Company's unit at Bahadurgarh is the first sanitaryware plant in India to have achieved such recognition. 2001 - The Company, the largest sanitaryware producer in the country, has put the proposal to spin off its glass division into a separate company on the backburner. 2004 -Hindustan Sanitaryware & Industries Ltd (HSIL), makers of the sanitaryware brand Hindware, launched a range of stainless steel kitchen sinks in Chennai 2005 - HSIL has given the Bonus in the Ratio of 2:3 -Company has splits its Face value of Shares from Rs 5 to Rs 2 2009 - Hindustan Sanitaryware and Industries Ltd (HSIL) has launched an eco-friendly variety of water closet, Viva where the new range comes with a 3/6 litre water saving dual flush. -Company has changed its name from Hindustan Sanitaryware & Industries Ltd. to HSIL Ltd. 2010 - Hind Sanitry - Qualified Institutional Placement. - HSIL - Acquisition in UK. - HSIL Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 20, 2010, inter alia, have recommended a Dividend of Rs. 2/- per share of Rs. 2/- each i.e. @ 100%, subject to approval of shareholders. 2011 - Hind Sanitry - Share Purchase Agreement with M/s Garden Poly. - HSIL Ltd receives the `The Bizz Award 2011' in Italy. - Hindware receives the prestigious `Power Brands of India' Award. - HSIL Ltd honoured with the Golden Peacock Innovation Award 2011. - Hindware launches a vibrant new Identity. 2012 - Hindware Celebrates 50 years in Bahadurgarh. - Mr. R. K Somany, recognised as the Corporate Icon of the Year by Power Brands. - R K Somany recognised as the Corporate Icon of the Year. 2013 - Awarded with the prestigious GRIHA (Green Rating for Integrated Habitat Assessment) certification- The Investment Agreement between the Company and HPC (Mauritius) Ltd, HSIL Ltd has been upon sale/disposition of entire shareholding by HPC (Mauritius) Ltd in the Company, - Trusted Brand Award - Gold was awarded to the Company. - Honoured with the `Best Bathroom Fixtures' Good Homes Award by ZEE channel 2014 - The Board has recommended payment of Dividend @150% i.e. Rs. 3.00/- - Ms. Sumita Somany has been appointed as Additional Director of the Company. 2015 -Distribution Agreement signed with Atlantic International of France -HSIL gets nod for investment projects worth Rs 217 cr 2016 -Company received Brand of the Year 2016 'Moonbow By Hindware'. 2017 -Company awarded Asia's Most Promising Brand 'Moonbow By Hindware'. 2018 -HSIL sets up plumbing pipes manufacturing facility. -Company won The Best Lifestyle Brand 2018 'Moonbow By Hindware'. 2019 -Company bags The Extraordinaire Brand 'Hindware Appliances' 2019-20. 2020 -HSIL bags Customer Choice Award 2020 From Flipkart. 2021 -HSIL awarded The Prestigious Brands of India 2021. 2022 -Company name has changed to AGI Greenpac Ltd. from HSIL Ltd.. 2023 --The Company has informed that pursuant to the receipt of approval from the Competition Commission of India for acquisition of Hindusthan National Glass & Industries Limited by the Company, the Rating Committee of CARE has reviewed the existing ratings as follows: --Facilities Amount (Rs. In Crore) Rating Remarks - Long Term Bank Facilities 1,107.00 CARE A (RWN) Placed on Rating Watch with Negative Implications - Short Term Bank Facilities 250.00 CARE A1 (RWN) Placed on Rating Watch with Negative Implications Total Facilities 1,357.00 - - --The company has inform that the Company has commenced the commercial production of its speciality glass facility set up at Bhongir in the state of Telangana with an installed capacity of 154 Tons Per Day w.e.f. 1st January, 2023.