YEAR EVENTS 1987 - The Company was incorporated on 4th Feb. at Ahmedabad. The Company was promoted jointly by Industrial Oxygen Co. Ltd. along with its subsidiary, a part of the Siddho Mal Group and Gujarat Industrial Investment Corporation, Ltd. (GIIC). - The Company entered into technical collaboration agreements with Stearns Catalytic division, a division of United Engineers & Constructions Inc. U.S.A. (A Raytheon Company). Stearns have back to back agreements with Pennwalt Corpn. U.S.A. and Stauffer Chemicals Corporation U.S.A. for licences for technology transfer. 1988 - 9,50,070 shares allotted to promoters, etc. 70,49,930 shares then issued at par of which the following shares were reserved and allotted on a firm basis: - (i) 22,49,930 shares to promoters, etc. and - (ii) 8,80,000 shares to GIIC (Co-promoter). Out of the remaining 39,20,000 shares, the following shares were reserved for allotment on a preferential basis: - (i) 15,68,000 shares to NRI on repatriation basis (only 6,12,800 shares taken up and 4,00,000 shares to employees of the company (only 65,000 shares taken up). - The balance 19,52,000 shares, along with the unsubscribed portion of 12,90,200 shares out of preferential quota were offered to the public in October. Additional 5,88,000 shares allotted to retain oversubscription. 1991 - 13,70,000 No. of equity shares allotted at par to Industrial Oxygen Co., Ltd., in conversion of loan. 1992 - 16,20,000 shares allotted to conversion of loans. 1997 - The company has set up a project identification cell, which is scanning the economic environment to spot good business opportunities, either on its own or with the help of outside consultants. 1999 - The company has identified the-entertainment industry as a key diversification area, and is considering setting up a national chain of multiplexes. 2000 -Inox Leasing and Finance Ltd has proposed to acquire 8 77 900 equity shares of the company from Gujarat Industrial Investment Corpn. Ltd (7.58 per cent) at Rs. 134 per share. 2001 -The promoters of the Rs 500 crore Inox Group, suppliers of industrial gases, has diversified into destination leisure and entertainment business -Company has splits its Face value of Shares from Rs 10 to Rs 2 2008 - The Company has splits its face value from Rs2/- to Rs1/-. 2010 - Gujarat Fluorochemicals Ltd has appointed Shri. Chandra Prakash Jain as an additional director on the Board of the Company. He is an Independent director on the Board of the Company. 2011 -Shri Mahesh Prasad has ppointmented Additional and Independent Director of the company. 2012 -Gujarat Fluorochemicals Ltd has transferred, by way of slump sale, the wind energy business of the Company including all the undertakings comprised therein to INOX Renewables Ltd, a subsidiary of the Company. 2013 -Gujarat Fluorochemicals- Inox Leisure Limited became a subsidiary of the Company. -Gujarat Fluorochemicals incorporates new subsidiary in Hamburg Germany. 2014 -Gujarat Fluorochemicals Ltd has recommended a dividend @ Rs. 3.50 (350%) per equity share. -Inox Wind Ltd, a Subsidiary of Gujarat Fluorochemicals Ltd one of India's leading wind power solutions provider has been awarded a 170MW order from Continuum Wind Energy a Singapore based company. 2019 -Company name has changed to GFL Ltd. from Gujarat Fluorochemicals Ltd.