| YEAR EVENTS
1989 - The Company was incorporated on 9th November, at Mumbai and
obtained the Certificate for Commencement of Business on November
21, 1989. It was promoted by Vikram A. Doshi & his family. The
Company Manufacture electronic weighing machines. The
Manufacturing facilities include a wide range of instruments for
testing and quality control purposes besides machinery like Wave
Soldering machines, multimeter, oscilloscope, CAD station
development lab etc. The Company has an R&D department.
1992 - 32,20,000 No. of equity shares allotted to promoters, directors,
relatives, friends & associates. The Company offered for sale
19,32,000 No. of Equity shares at a prem. of Rs 30 per shares to
the public through a prospectus during August 1993.
1993 - The Company issued 1,00,000 fully convertible debentures of Rs 10
each attached with one detachable warrant. The warrant entitles
the holder to apply for 10 equity shares of Rs 10 each. These
were allotted on private placement basis with promoters,
associates etc.
- Each debenture were converted into 10 equity shares of Rs 10 each
between 9-15 months from the date of allotment of debenture.
Accordingly 10,00,000 shares allotted.
1994 - 20,00,000 shares allotted on conversion of debs. 5,00,000 No. of
equity shares allotted at a prem. of Rs 190 per share on
preferential allotment basis. 3,50,000 shares allotted at a
prem. of Rs 190 per share to financial institutions on
preferential basis.
1995 - 60,70,000 bonus shares issued in prop. 1:1. 6,00,000 pref.
shares were allotted on private placement basis to financial
institutions.
1996 - The Company introduced newer products/models so as to cater to
the various segments of the market like retail, institutional
buyers, medical & clinical diagnosis, office automatic etc.
- The Company undertook to diversify into manufacture of large
volume polycarbonate bottles, LDPE caps, polythylene.
Terephthalate (PET) bottles and with this in view a separate
factory was set up at Daman.
- The PET & polycarbonate bottles are used by manufacturers of
carbonated drinks, mineral water bottling plants, fruit juices,
edible oil, sauces, dairy and food products etc.
1997 - The Company has separated its two critical and important
activities namely Research & Development and Manufacture of
Sensors and related products, to separate subsidiary companies.
The Company has decided to focus on manufacturing of Electronic
Weighing Scales, PC/PET bottles and allied products.
- 17,11,720 Pref. shares allotted.
1998 - Atco Healthcare Ltd., Atco Sensors Ltd., Atco Research &
Development Ltd., and Anewera Marketing Pvt. Ltd., are the
subsidiaries of the company.
- The company set up a new division of Information Technology
Division to commercialise the technology of hardware products and
networking.
- 7,00,000 Pref. shaes redeemed during the year.
2002
-Chandresh Chakradhar Chhaya appointed as Company Secretary of Atcom Technologies.
-Atcom Technologies Limited has informed the Exchange that the registered office of the company has been changed from 6A, Lalwani Industrial Estate, 14, G D Ambekar Road, Wadala, Mumbai - 400 031 to Godrej Industries Complex, Gate No. 4, Pirojshanagar, Eastern Express Highway, Vikhroli (East), Mumbai - 400 079.
-Atcom Technologies Limited has informed the Exchange that Mr. Vineet A Doshi, Whole time Director of the company has resigned from the Directorship of the company and his resignation has been accepted by the Board.
2003
-Atcom Technologies Limited has informed that the Registered Address of the company has been changed from "Godrej Industries Complex, Gate No. 4, Pirojshanagar, Eastern Express Highway, Vikhroli (East), Mumbai. - 400 078" to "6A, Lalwani Industrial Estate, 14G, D. Ambedkar Road, Wadala, Mumbai - 400 031" with effect from November 28, 2003.
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