YEAR EVENTS 1985 - The Company was Incorporated on 23rd May and was promoted by R.P. Jagatia, J.P. Goenka, M.P. Kankani. The Company's objects is Manufacturing of tubes and tyres. The Certificate for Commencement of Business was obtained on 28th May. - Effective 23rd May, name of Vishal Tyres Ltd. was changed to Pavan Tyres Ltd. Accordingly 2,45,000 No. of equity shares were issued. 1987 - Effective from 12th March, Pavan Tyres Ltd. Incorporated on 3rd August, 1984 was amalgamated with the Company the name of Vishal Tyres Ltd. was changed to Pavan Tyres Ltd. As per the scheme of amalgamation, one equity share of Rs.10 each of Vishal Tyres was issued as against one equity share held by the erstwhile shareholder of Pavan Tyres Ltd. The amalgamation enabled Vishal Tyres Ltd. with ready infrastructure and organisation of a manufacturing company. 1991 - To achieve economies of scale, and cost savings, it was proposed to amalgamate Govand Rubber Ltd. with the Company and the name of the company was changed as Govind Rubber Ltd. effective 1st April As per the scheme of amalgamation, 15,00,000 No. of equity shares were allotted to the erstwhile shareholder of Govind Rubber Ltd. in prop. 1:1. 1992 - The Company undertook to manufacture new speciality tyres using nylon cord and blending of various rubbers including EPDM in different colours. The total installed capacity of the project 120 lakh tyres and tubes was commenced in two phases, the first in April 1993 and the balance in October 1993. - The Company proposed to set up export based project at Bhiwadi for manufacture of wheel barrow tyres. - 70 No. of equity shares subscribed for by signatories to the Memorandum of Association. 7,49,930 No. of equity shares of Rs.10 each were issued through a prospectus on August 1995 of which 2,99,930 shares were reserved and allotted to promoters, their friends etc. 17,45,000 No. of equity shares allotted on amalgamation. - Another 15,00,000 shares allotted on amalgamation of Govind Rubber with Pavan Tyres Ltd. 24,95,000 bonus equity shares issued in prop. 1:2. During September, the Company issued 24,95,000 right equity shares (prop. 1:1, prem. Rs.90). - Another 50,000 shares were issued to employees at a premium of Rs.90 per share and 74,750 to Business Associates at a prem. of Rs.90 per on preferential allotment basis (of these preferential issue 1,06,650 shares were taken up). 1995 - The production of two-three wheeler tyres was started at Bhiwadi. The Company also decided to expand the activity by manufacturing LCV, Tractor front and Jeep tyres. - The Company entered into an agreement with Union Rubber Industries Ltd., Taiwan for technical know-how, plant selection, layout etc. The agreement was valid upto 8 years. - The collaborators were to market 20% of the production from new factory to Europe and USA. 1996 - 95,238 No. of equity shares allotted to Chni Fu Wei and Valk Wei, foreign collaborators. 2003- Issue of equity shares to financial institutions and promoters in the terms of the CDR Package. 2011 -Registered Office of the Company has been shifted To 418, Creative Industrial Estate,72, N.M.Joshi Marg, Lower Parel, Mumbai- 400 011