YEAR EVENTS 1929 - The Company was incorporated on 5th July at Mumbai. The Company Manufacture vegetable oils & vanaspati Margarine, Plastics Minar Chemicals, Foundry, products, Spark Plugs & Industrial Ceramics. 1939 - 1,100 Bonus shares issued in the proportion 1:10. 1947 - 6,050 Bonus shares issued in the proportion 1:2. 1954 - 3,025 Bonus shares issued in the proportion 1:6. 1963 - 3,025 Bonus shares issued in the proportion 1:7. 1966 - 4,840 Bonus shares issued in the proportion 1:5. 1973 - 11,616 Bonus shares issued in the proportion 2:5. 1976 - 10,164 Bonus shares issued in the proportion 1:4. 1979 - Shares subdivided during 1978. 5,08,200 Bonus shares issued in the proportion 1:1. 1982 - 3,38,800 Rights equity shares allotted (Prop. 1:3; Prem. Rs 1.25 per share) on 22.6.82. 1984 - The Company revalued its freehold land, buildings, plant and machinery relating to its Mumbai factory as on 31st December. 1985 - 6,77,600 Bonus Equity shares issued in propn. 1:2 and allotted on 9.4.1985. 1986 - During November the company signed technical collaboration agreement with M/s Feldmuhle Aktiengesells Chaft, (Feldmuhle Akg) West Germany for acquisation of knowhow for the manufacture high alumina, Ceramic, textile thread guides using injection moulding technology. The Company enunciated a modernisation-cum-diversification programme. - Another project was taken up to set up a new unit at Kumbalagudu near Bangalore to manufacture foundry and other industrial chemicals. 1987 - The Company issued 2,33,540 No. of equity shares of Rs 10 each at a premium of Rs 10 per share as follows: 1,01,640 shares on rights basis to the existing shareholders of the Company in the ratio 1:20; 1,20,000 shares to financial institutions (UTI), LIC and GIC) and 11,900 shares to employees/workers. 28,385 additional shares were also issued at a premium of Rs 10 per shares to retain oversubscription and allotted as follows: 25,410 shares to shareholders and 2,975 shares to employees. - The Company proposed to issue equity shares/convertible debentures upto a maximum of Rs 30 crores on a rights-cum-public basis subject to all necessary approvals. - The Company proposed to issue 68,84,175 bonus equity shares in proportion 1:1. - 2,61,925 Bonus Equity shares issued (Prem. Rs. 10 per share) in June 1987. 1988 - (15 months) the Company entered into a collaboration agreement with M/s. Industries Magneti Marelli Sp. A of Italy for manufacture of improved types of spark plugs. Also approval was received for technical collaboration, agreement with M/s London & Scandinavian Metallurgical Co Ltd UK for updating its technology in its steel plants. - It would also enable updating of its ingot casting products such as hot topping tiles, corner pieces etc. and introduce latest products such as Tundish liners, impact pads etc. 1989 - 22,94,725 Bonus Equity shares issued in prop. 1:1. 1991 - The Company had undertaken expansion and modernisation of its industrial ceramics and industrial chemicals division. - 22,94,725 Bonus Equity share issued in prop. 1:2. 1992 - The Company entered into two technical collaborations for high alumina ceramics with Cerasiv GmbH, Germany, one for the manufacture of high alumina faucet discs, an import substitute item and the second for upgrading and increasing the product range of industrial ceramics division. 1996 - 34,42,088 Bonus shares issued in prop. 1:2. 2001 - Mr. S.N. Bhatri has been appointed Director on the board effective from 29th January. 2002-Mr Shiraz Abdul Razak Allana has been appointed as a Director on the Board of IVP Ltd wef June 18, 2002. 2003 -The company gets approval from FIPB for Collaboration with Felda Palm Industries, Malaysia 2005 -The company has recommended tax free dividend of 22%. 2007 -Mr. Shiraz A R Allana has been unanimously appointed as the Chairman. 2008 -The company has recommended tax free dividend of 10%. 2009 -IVP has recommended the Tax Free dividend of 10% (i.e.) Rs 1 per Share. 2010 -IVP have recommended the Tax Free dividend of 10% (i.e.) Rs. 1 per share. 2011 -IVP have recommended Dividend @ Re. 1.50 per share or 15% on equity share. 2012 -IVP have recommended Dividend.@ Re. 1.50 per share or 15% on equity share. 2013 --IVP has recommended Dividend @ Re. 2.00 per share or 20%. 2014 -IVP has recommended dividend @ Rs. 1.00 per share or 10% . 2016 -IVP has informed that E-mail address of the Company is changed from ivpsecretarial@allana.com to ivpsecretarial@ivpindia.com