YEAR EVENTS 1986 - The Company was incorporated on 30th December, and the Certificate of Commencement of Business was obtained on 12th January 1987. It was promoted by Bhavarlal Hiralal Jain and the Companies belonging to the Jain Group. The Main Objective of the Company is to manufacture Micro Irrigation Systems encompassing irrigation through, strip-tubing, emitters, jets and mini sprinklers. - The Company entered into a technical collaboration agreement with James Hardie Irrigation (Italy) SRL, the Worlds' largest manufacturers of drip irrigation products. - The Company undertook to set up a project for the manufacture of; - (i) 3,600 tonnes per annum of bi-wall; - (ii) 480 tonnes per annum of filters and filtration equipment and - (iii) 20 tonnes per annum of controllers, control valves, etc. - The Company rented a factory shed in the premises of Jain Plastics and Chemicals (Pvt.) Ltd., Jalgaon. 1988 - 70 No. of Equity shares subscribed for by the signatories to Memorandum. 29,09,930 No. of equity shares issued at par of which 17,99,930 shares reserved and allotted to the promoters, directors, etc. - Out of the balance 11,10,000 No. of equity shares; 1,45,500 shares offered on preferential basis to the employees (incl. working directors)/workers of the Company and those of promoter company (only 28,800 shares taken up). - The remaining 9,64,500 shares together with the unsubscribed 1,16,700 shares of the employees' quota offered for subscription to the Indian Public in October 1988. 1,08,120 additional shares allotted to the public to retain oversubscription. 1989 - During the year, the Company developed its R & D farm at Mohadi, (Jalgaon Dist.), which was being used as a demonstration plot for promotion of the concept of micro irrigation systems. 1991 - The Company undertook an expansion programme. The installed capacity of its domestic division which caters to 50,000 acres per annum was being increased to 1,32,000 acres per annum. The installed capacity of PVC foam/rigid sheets of 100% E.O. Division (EOD) was being increased from 1,800 tpa to 4,200 tpa. The Company was also setting up a new facility in its 100% EOD for the manufacture of 3,200 tpa of polycarbonate sheets. 1992 - During March/April the Company issued 30,18,120 - 14% secured redeemable partly convertible debentures of Rs. 150 each on rights basis in the proportion of 1 debenture: 1 equity share held. Additional 4,52,718 debentures were allotted to retain oversubscription. - Another 1,50,906 - 14% secured redeemable partly convertible debentures of Rs. 150 each were offered to the employees. Only 72,450 debentures were taken up by financial institutions/Mutual Funds. - Part `A' of Rs. 80 of each debenture will be converted into two equity shares of Rs. 10 each at a premium of Rs. 30 per share on the expiry of six months from the date of allotment of the debentures. Part `B' of instalments at the end of 6th, 7th and 8th years from the date of allotment of the debentures. - 72,43,488 No. of equity shares allotted as part conversion of 14% Secured Partly Convertible Debentures. 26,96,600 No. of equity shares underlying EDRs issued at a premium of Rs. 200 per share. 1993 - The Company finalised a MOU with Azrom Metal Industries Ltd., of Israel for manufacture of green houses and plant propagation tunnels near village Mohadi in Jalgaon district. - The Company entered into a technical collaboration agreement with Amcor Ltd., Israel for manufacture of Solar Water heating systems at Jalgaon. - The Company entered into a technical licence agreement with Chapin Wtermatics Inc USA to manufacture twin wall tubing (canewall) at the existing site in Jalgaon. - The Company proposed to diversify its existing range of plastic sheets by addition of corrugated polycarbonate sheets and higher width polycarbonate sheets in multiwall category. - To utilise the existing plant & machinery during slack season, the Company commenced manufacture of high density polyethlene pipes - The Company co-promoted a joint venture with Kemira OY, Finland as equal partners to manufacture water soluble fertilizers for the first time India. The project is to be implemented by a separate joint venture. "Jain Kemira Fertilisers Ltd". - The Company is co-promoting a venture with Rahan Meristem of Israel to produce tissue cultured plants. A pilot scale tissue culture lab to enlarge the size of operations through a joint venture company. 1994 - The Company hitherto entered into the untapped area of large scale commercial farming by implementing MIS in Corporate agriculture projects. - The Company undertook implementation of a 100% export oriented unit with separate factory at Bambhori for the manufacture of polytubes and mouled public components. - The Company received approval from the Government of India for establishing a 100% owned trading and investment subsidiary in Mauritius. - During the year, the Company signed a MOU with a South African Company for manufacture and marketing of their newly invented sprinklers. While the manufacturing for world wide market would be done in India by the Company, marketing abroad would be carried at by the overseas joint venture. - During March the Company issued 26,96,000 equity shares underlying its 26,96,600 EDRs of US $11.125 each. - During March the Company issued 17,386 non-Convertible debentures with 17,38,600 detachable warrants to promoters as preferential allotment basis. These warrants are convertible into one equity shares of Rs. 10 each for cash at a premium of Rs. 200 per share. - The Company has been awarded for its various products Top Exporters Award by Plastic and Linoleum Export Promotion Council (PLEXCONCIL) for the year 1991-92 and 1992-93. - The Company is also moving towards achiving ISO-9001 certification for its Plastic Sheet Dvision. 1995 - The Company proposed to take over assets from the joint venture company at book value and continue the business on a division of the company. - 9,40,000 Preference shares issued to Various subscribers on a private placement basis. - The Company has also signed a MOU with a South African Company for manufacture and marketing of their newly invented Sprinklers. - The Company has finalised a strategic joint venture with General Electric Company (GE) to set-up a plant for manufacture and marketing of a wide range of polycarbonate sheets to take advantage of European and U.S. market potential. - The Company has signed a MOU with a U.S. multinational for setting up a joint venture for manufacture of Blown & Cast Plastic Films. 1996 - The Company has won National Export Award for the year 1994-95 and also won the CEU Award for the year 1993-94. - During Jain Plastics & Chemicals Ltd., Jain Kemira Fertilizers Ltd. and Jain Rahan Biotech Ltd. were amalgamated with the Company. - However margins suffered a severe beating with bottomline going into red. - The Company decided to focus on the core business areas of Agriculture and Plastic. It has decided to go for a phased divestment from all its non-core business to improve cash flows and allow management to focus on core activities. - 525,000 pref shares issued and 200,000 preference shares redeemed during the year. 1997 - 71,97,854 No. of equity shares allotted to erstwhile Sain Plastics & Chemicals Ltd. on its amalgamation with the Co. 88,028 No. of equity shares allotted to Sain Kemira Fertilisers Ltd. and another 67 No. of equity shares allotted to Jain Rahian Boitech Ltd. on amalgamation with the Co. - The company has a technical collaboration with RIS of Italy for drip irrigation systems and with Chapin Watermatios of US for multi-chambered drip irrigation. - 72,85,952 No. of equity shares allotted as per the scheme of amalgamation. 2000 - The Company has proposed that the existing paid up equity capital be reduced to half subject to necessary approvals. In the first phase the value of equity shares of Rs. 10/- will be reduced to Rs. 5/- and then in the second phase Rs. 5/- paid up shares shall be consolidated into Rs. 10/- paid up shares. - The Company issued on preferential basis 1,31,00,000 Unsecured (Zero Coupon) optionally fully convertible debentures of Rs 10 each aggregating Rs 1,310 lakh in lieu of conversion of outstanding secured/unsecured loans to the secured/unsecured lenders represented by Financial Institutions and Banks under the restructuring scheme. - 1,80,00,000 Unsecured (Zero Coupon) optionally fully convertible debenture of Rs 10 each aggregating Rs 1,800 lakh to the `Promoters Group' represented by Mr. B.H. Jain, as part of the restructuring scheme. - Trading in the equity shares of Jain Irrigation Systems Ltd would be suspended with effect from 20th December on account of reduction of equity share capital by 50 per cent. 2002 -Jain Irrigation Systems Ltd informs that the Board of Directors accep the resignations of Shri A S Ajgaonkar, Director- Corporate Affairs & Shri J J Kulkarni Director - Product Development as Director(s) of the Company. It also decides to keep casual vacancies created, vacant for the time being. Dr P V Sane expresses his inability to attend the meetings for a period of 6 months as he is travelling out of India from April 03, 2002. He, therefore, has appointed Shri A S Ajgaonkar as an alternate to him to vote and to attend meetings of Board etc. in the next 6 months. 2003 -The Board approves to make preferential allotment upto Rs.460 million of equity shares of Rs.10 each. -JISL adopts micro-irrigation. -Wins 10 awards as Top Exporters in the Plastics and Linoleum Exports Council. -Change in the address to Jain Irrigation Park, N H No. 6, Bhambori, Jalgaon- 425001. -Jain Irrigation Systems bags 10 awards in PLEX Council -Company has signed a contract document for Andhra Pradesh Micro Irrigation Project (APMIP). 2004 -Aqua India I Limited and Aqua India II Limited acquire of 19,87,281 Equity Shares of the Company by allotment on Preferential basis on December 26, 2003, stake of Aqua India I Ltd. increases to 22,623,659 shares amounting to 43.20 % of the total paid up capital of the company and stake of Aqua India II Ltd. increases to 1,019,456 shares amounting to 1.95% of the total paid up capital of the company -Jain Irrigation Systems Ltd has informed that the Committee of Board constituted on December 16, 2003 as on January 19, 2004 allotted 6,30,500 equity shares of Rs. 10/- each at a price of Rs. 83/- to the Promoter Group individuals represented by Shri B.H. Jain, under the authority of the shareholder's resolution dated November 17, 2003. -Signs a Memorandum of Understanding (MoU) with State Bank of India (SBI) under which the bank will provide term loans to farmers for purchasing capital inputs from Jain Irrigation Systems Ltd (JISL) -Delists shares from following stock exchanges Madras Stock Exchange Ltd Pune Stock Exchange Ltd Delhi Stock Exchange Association Ltd Stock Exchange Ahmedabad alcutta Stock Exchange Association Ltd -Jain Irrigation Systems Ltd has informed that its Drip Irrigation Division has bagged a Rs 380 million turn-key export order for a project in an African Country 2005 -Jain Irrigation enters into agreement with Taiyo Kagaku, Japan for production of IQF -Jain Irrigation acquires strategic stake in "Terra" -Jain Irrigation gets 3 GOI Plexcouncil Export Awards -Jain Irrigation secures EIMA Technical Innovation 2005 Award 2006 -Jain Irrigation acquires Watertech for $6 mn -Jain Irrigation inks agreement to buy stake in Greek co -Jain Irrigation acquires Mango Processing Business from Parle Bisleri, Mumbai -Jain Irrigation acquires strategic stake in Eurodrip 2007 -Jain Irrigation Systems Ltd has appointed Shri. D R Mehta as an Independent Director in casual vacancy created on November 04, 2005. -Jain Irrigation to acquire 50.001% stake in NAANDAN 2008 -Jain Irrigation acquires controlling stake in Switzerland based Thomas Machines S.A -Jain Irrigation Gets Four GOI Plexcouncil Export Awards -Jain Irrigation signs MoU with Mekorot (National Water Company of Israel) - for working together in India in projects related to water infrastructure -JISL & Govt. of Maharashtra Sign MoU Rs. 550 crores investment in two mega projects -Jain Irrigation Systems Ltd wins D&B - ECGC Indian Exporters' Excellence Awards 2009 - Jain Irrigation Systems Ltd has has appointed: 1. Mr. Atul Bhavarlal Jain as Director-Marketing (Whole Time Director) of the Company w.e.f. September 01, 2009. 2. Mr. Ghanshyam Dass as Director (Independent, Non-Executive) with immediate effect. -Jain Irrigation bags two prestigious PlastIndia 2009 Awards -Jain Irrigation bags Rs. 778 million World Bank Order -Jain Irrigation inks MoU with International Rice Research Institute (IRRI) for collaborative research and adaptive field trials on paddy using micro irrigation 2010 - Award from Israel-Asia Chamber of Commerce. - 100 Biggest Wealth Creators-2005-2010. - 100 Fastest Wealth Creators-2005-2010. - India's Top 100 R&D Spenders-2010. -Company has splits its Face value of Shares from Rs 10 to Rs 2 2011 - Financial Times - ArcelorMittal Boldness in Business Award - Environment. - Outstanding contribution in the field of Water in India from Best Water Company Certificate & Trophy. - Outstanding contribution in Sustainable Business models and innovations ICC Sustainability Vision Award. -Jain Irrigation Systems has given the Bonus in the Ratio of 1:20 2012 - "JAIN, the Indian irrigation and agriculture giant, has signed an agreement with Kibbutz Naan to acquire the remaining 50% of the jointly owned Company NaanDanJain". - "Jain Irrigation & TALIS Announces Global Strategic Cooperation". - "Jain irrigation partners with G8's New Alliance for Food and Nutrition Security in Africa". - "Jain irrigation wins prestigious G20 Award." 2013 -Business Standard - CSR Award. -FMB (Managing Globalisation of the family business) Award. -Award of Excellent. 2014 -Jain Irrigation Systems Ltd has alloted 75,00,000 Ordinary Equity Shares of Rs. 2 each. 2015 - Jain Irrigation receives National Award for Best Innovation - Jain Irrigation bags order to supply solar agri-pumps - Jain Irrigation wins largest ever Solar Agri Pump tenders for Rs. 473 Crores 2016 -Jain Irrigation signs MoU with Maha Govt in Mumbai -Jain Irrigation Bags Orders Worth INR 2,844.3 Millions under AMRUT Scheme for Hi-Tech 24x7 City Water Supply Project -Research Project in USA named after founder of Jain Irrigation. 2017 -Jain Irrigation Acquires Observant Technology Strengthens Global Commitment to Precision Irrigation. -Jain Irrigation Systems bags Rs 189 cr irrigation project -Jain Irrigation bags Rs 569 cr Poorigali irrigation project -Jain Irrigation Systems bags water supply project worth Rs 84.50 cr -Jain Irrigation bags order worth Rs 178.39 cr 2018 -Jain Irrigation bags Rs. 584 cr order. -Jain Irrigation bags Rs 127cr contract from Rwanda. -Jain Irrigation bags India's Largest Major Irrigation Project. -Jain Irrigation has been awarded integrated drip irrigation project worth Rs. 287.66 crore. 2019 -"Jain Irrigation received 'Star Performer' Award from EEPC India". 2020 -Company entitled 'Life time Achievement Award for the late Dr. Bhavarlal Jain.'