YEAR EVENTS
1900 - The Company was incorporated at Mumbai. The company has four
operating enterprises viz, Empire Dyeing, Garlick Engineering,
Vitrum Glass and Empire International.
1944 - 9000 Rights shares offered (Premium Rs. 50 per share; prop. 3:1)
18,000 bonus shares issued in prop. 2:1.
1954 - 30,000 bonus shares issued in prop 1:1.
1967 - Vitrum Glass enterprise was acquired by the company and is
engaged in the manufacture of glass hollow-ware for
pharmaceutical, cosmetic, food and beverage industries.
- 60,000 bonus shares issued in prop 1:1.
1968 - Garlick Engineering division specialises in the manufacture of
E.O.T. cranes (upto 100 tonnes capacity) as well as a new series
of single girder cantilevered monobox cranes is in technical
collaboration with J.H. Carruthers & Co. Ltd., of Great Britain.
1969 - 60,000 bonus shares issued in prop. 1:2.
1970 - 1,60,000 Right equity shares issued at par in prop. 8:9.
1972 - Garlick Engineering enterprise has agencies for machine tools and
measuring instruments made by foreign and Indian manufacturers.
The enterprise was acquired on 1st January.
- 1,10,000 shares issued to members of Garlick & Co. Pvt. Ltd., on
its merges.
1973 - Empire International enterprise was started in January as a
merchant export house. The main items were textiles, processed
foods, live stock and engineering goods.
1975 - The name of the company was changed from "The Empire Dyeing and
Manufacturing Co. Ltd.," to the present one on 1st July.
- On 2nd Janury, 4,50,000 Bonus Equity shares in the prop. 1:1.
1979 - 2,66,666 shares issued (prem. of Rs. 5 per share) on conversion
of debentures.
1981 - 2,91,667 rights shares issued at par in prop. 1:4.
1983 - 2,91,667 rights shares issued at par in prop. 1:5 in July.
1984 - In September, 2,50,000 rights shares issued in prop. 1:7.
1985 - The Empire Dyeing speciality fabrics unit suffered a setback on
account of rise in input costs and emergence of small power
processors and hand processors. Government's encouragement to
polyester cotton blended fabrics helped the unit to remain in
business. The unit proposed to enter into areas of industrial
fabrics and worsted suitings.
- In October, 6,66,666 rights shares issued at par in prop. 1:3.
1986 - Empire Instrumentation division secured the exclusive
representation of Spacelabs, U.S.A., manufacturers of cardiology
instruments.
1987 - The operations at Empire Dyeing speciality fabrics division were
drastically reduced to prevent further drain on the profits of
the company.
- The Vitrum Glass plant remained closed for 2 months for
modernisation and relining of its furnace carried out with the
technology from its collaborators Owens Illinois Glass Containers
Inc., U.S.A.
- With a view to diversification, the company secured agencies from
MDA Scientific Inc., U.S.A., for toxic gas monitoring instruments
and from Benthos Inc., General Oceanics Inc., and Interocean
Systems Inc., U.S.A., for Oceanography Instruments.
- 9,99,999 rights equity shares issued at par in prop. 1:4.
1988 - On 27th June, the company issued and allotted 1,00,000-14%
secured redeemable non-convertible debentures of Rs. 100 each on
private placement basis to Army Group Insurance Directorate, New
Delhi. These debentures were to be redeemed at a premium of 5%
at the end of the 7th year from the date of allotment of
debentures.
- 10,00,000 rights equity shares issued in prop. 1:5 on 28th
February.
1989 - With a view to improving profitability, the division's machinery
and equipment were upgraded incorporating the latest technology.
- The Empire Chemicals division was established. Initially, it was
proposed to concentrate on commodity and speciality plastic
materials, bulk drugs and pharmaceutical intermediates and
speciality industrial chemicals. The divison entered into
marketing arrangements with some well known overseas suppliers
and obtained the first overseas orders.
1990 - The operations were further affected by the continued lock-out in
the Ankleshwar factory from 20th November.
- The Company entered into a technical collaboration agreement with
Novell GmbH, West Germany for the manufacture of Steel Mill duty
cranes.
- Empire Machine Tools division had a set-back due to foreign
exchange crisis.
- Empire Chemicals division obtained several agency representations
from overseas suppliers of various countries such as U.S.A.,
Holland, etc.
1991 - Negotiations were on for finding alternative productive
employment for the remaining labour force and premises.
- Labour problems escalated resulting in a lock-out at the
Ambernath works. The lock-out at Ankleshwar and Ambernath
adversely affected the working results.
- Empire Instrumentation units' ambitious growth plans suffered a
setback due to reasons such as import compression, devaluation,
low fund availability and recessionary trends in the economy.
- The sales and earnings were affected by the stringent import
curbs imposed by the RBI. However, all efforts were made to
widen the product base by finalising arrangements with several
internationally known manufacturing and trading companies viz.,
Buckman Laboratories U.S.A., Kenko Commerce & Co., Japan, Dolder
A.G., Switzerland, etc.
1992 - Empire Dyeing division continued to be stranded for lack of
remunerative business in fabric processing, the plant being
located in the heart of the city of Mumbai.
- Working suffered indirectly because of the reduced development
expenditure by the Government of India.
- Empire Chemicals division entered into new working arrangement
with fresh overseas suppliers.
- The company took the opportunity to capitalise on Warehousing by
creating vacant area through re-organisation of its offices and
plant lay-outs. This activity was expected to bring in
substantial resources to the company.
1994 - Garlick Engineering division declared a voluntary retirement
scheme for its workers as there seemed no possibility of revival.
The lock out position continued and some of the workers resigned
under the voluntary retirement scheme.
- One six section bottle forming machine was also replaced by an
imported eight sections machine, which would lead to a 10%
increase in production.
- Machine tools with sophisticated technologies were developed and
carry forward orders to the tune.
- A number of new principals were under development and a marketing
tie-up was concluded with one of the world's largest
multinationals in the field of speciality chemicals viz. Rohm &
Hass Company, USA. The division made all efforts to broad base
its product portfolio.
- Empire Products Ltd. ceased to the subsidiary of this company
w.e.f. 31st March, Empire Securities Ltd. are the subsidiaries of
the company.
1995 - Lock out position continued and there was no immediate
possibility of revival.
- The addition of two section coupled with technological
upgradation resulted in an increase in the production capacity
from 10 lakhs to 11 lakhs bottles per day.
- The Empire Machine Tools division developed parallel lines
comprising of high-tech, high value as also low valued items so
that it could cater to different segments of industries.
- Empire Chemicals division recorded a revenue growth of 18%
contributed mainly by Speciality Industrial Chemicals.
- A new Empire Metals division was formed which made forays in
indenting and international trade of Iron and Steel products.
The division developed expertise to handle bulk iron and steel
products like hot and cold rolled coils/sheets/structurals,
wirerods of carbon, Alloy, constructional steels etc.
2004
- The Board has Recommended to the shareholders the payment of dividend of Re 1 (Tax free 10%) per Equity Shares of Rs 10 each.
2005
- The Board has recommended to the shareholder the payment of dividend of Rs 2 (Tax free 20%) per Equity Shares of Rs 10 each.
2006
- The Board has recommended to the shareholders the payment of Dividend of Rs 4/- (Tax Free 40%) per Equity Shares of Rs 10/- each.
2007
- The Board has recommended to the shareholders the payment of Dividend of Rs 6/- (Tax free 60%) per Equity Shares of Rs 10/- each.
2008
- The Board has recommended to the shareholders the payment of Dividend of Rs 8/- (Tax Free 80%) per Equity Shares of Rs 10/- each.
2009
-The Board recommended to the shareholders the payment of Dividend of Rs 10/- (Tax free 100%) per Equity Shares of Rs 10/- each.
2010
- The Board recommended to the shareholders the payment of Dividend of Rs. 20/- (Tax free 200%) per Equity Shares of Rs. 10/- each.
2011
- The Board recommended to the shareholders the payment of Dividend of Rs. 22 (Tax free 220%) per Equity Shares of Rs. 10 each.
2012
- Mr. Subodh Chandra has been appointed as an additional Director of the Company.
- TheBoard recommended to the shareholders the payment of Dividend, of Rs. 24 (Tax free 240%) per Equity Shares of Rs. 10 each.
2013
-Empire Industries Ltd has informed that the Board of Directors of the Company has recommended Dividend of Rs. 24 (Tax free 240%) per Equity Shares of Rs. 10 each.
2014
-Empire Industries Ltd has informed that the Board of Directors of the Company has recommended Dividend of Rs. 24 (Tax free, 240%) per Equity Shares of Rs. 10 each.
-Empire Industries Ltd has informed that Mrs. Uma Ranjit Malhotra has been appointed as an additional Director of the Company with effect from May 29, 2014.
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