YEAR EVENTS 1987 - The Company was incorporated on 25th May, and received the certificate of commencement of business on 20th October. GBC Hi-Tech (India) Limited is a Public Limited Company. The Company is engaged principally in the manufacture and distribution of Punching & Binding Machines, Laminating Machines and the related Supplies and Parts. - The Company has been promoted by Mrs. Veena Modi and others of Indian Management Advisors & Leasing Private Limited in Collaboration with General Binding Corporation, USA. 1991 - The Company entered into Technical know-how and Trade mark Licence Agreement on 19th January, 1988 with General Binding Corporation, USA, who are world leaders in Spiral Punching and Binding, Machines as well as Laminators. - The Company has set up an excellent field sales and support staff to meet the varied needs of the customers. 1992 - During the year the Company received sanction from the Controller of Capital Issues for issues of 23,50,000 No. of Equity Shares of Rs.10/- each for cash at par amounting to Rs.2,35,00,000/- out of which 9,40,000 Shares of Rs.10/- each were reserved for foreign collaborators, while 8,10,000 Shares were reserved for Indian promoters. - Further 1,17,500 No. of Equity Shares of Rs.10/- each were for preferential allotment to the employees (including Indian Working directors), workers of the Company and those of the promoter companies out of the public quota of 6,00,000 No. of equity shares. After the close of the year the Company has allotted shares aggregating to Rs.2,35,00,000 thereby increasing its paid capital from Rs.65,00,000/- to Rs.3,00,00,000/-. 1993 - The Company has been sending Engineering and Manufacturing personnel for training at Collaborators plants in USA, Mexico and Germany. 1994 - The Company has exported more than 2400 Units of 450 KM Purchasing & Binding Machines to General Binding Corporation for their International Markets. 1995 - The Company is proposing to issue and allot 5,00,000 Preference Shares of Rs.100/- each subject to the shareholders approval to meet the growing working capital needs on private placement basis. - The Company has been able to develop inhouse expertise in a number of high-tech areas resulting in imports substitution. 1997 - The Company had allotted 2,50,000 preference shares of Rs. 100/- each amounting to Rs. 2.50 Crores after receipt of RBI approval during the year. - The Company is proposing to issue and allot 1,55,00,000 shares of Rs. 10/- each subject to the shareholders approvals and others approvals, if any to meet the growing working capital needs of the company. 1998 - The Company intends to issue and allot 1,39,00,000 No. of equity shares of Rs.10/- each aggregating to Rs. 1390 lacs on preferential basis to M/s General Binding Corporation, USA and/or its subsidiaries and associates and M/s Modifin Pvt. Ltd. and/or its associates in equal proportion. - The Company shall redeem 5,00,000 non-convertible cumulative preference shares of Rs.100/- each aggregating to Rs.500 lacs held by both the joint venture partners and their associates equally, and the proceeds of redemption shall be applied towards subscription of the proposed preferential issue of equity shares and the balance shall be subscribed by the joint venture partners in cash. - The Company has been able to develop inhouse expertise in a number of high-tech areas resulting in imports substitution. 2000 -The Name of the Company has changed from Modi GBC to GBC Modicorp Ltd. -GBC Modicorp Ltd has informed BSE that Dr Sanjeev Gemawat, Company Secretary has resigned from the company. The said resignation was accepted by the Board at its meeting held on May 03, 2002. -GBC Modicorp Ltd has informed that the following change have been made, appointment of Mr Arun Seth as Director and Chairman of the Company in place of Mr Om Prakash Dani. 2005 -GBC Modicorp has acquired 50.11% stake of Spice Net Ltd 2007 - Company name has been changed from Spice Systems Ltd to IO System Ltd. 2008 -The company has designated E-mail ID for Investors Complaints: arunseth@spicelimited.com. 2013 -Registered office of the company has been shifted from "E-53, Sector-3, NOIDA (U.P) - 201301" to "Global Knowledge Park, Plot No.19 A & 19 B, Sector-125. NOIDA (U.P) -. 201 301. 2022 -Company name changed to Trans India House Impex Ltd. from IO System Ltd.