pocketful logo
Bimetal Bearings Ltd logo

Bimetal Bearings Ltd

NSE: BIMETAL BSE: 505681

₹560.45

(-0.01%)

Sun, 08 Mar 2026, 05:57 pm

mtf coin illustrationMTF 5x

Company History

1961

  • The Company was incorporated as a Pvt. Ltd. Co. on 19th April.
  • The Company was converted into a Public Limited Company on 5th September.

1969

  • Clevite Corporation, U.S.A. merged with Gould Inc. U.S.A. and hence the shares held by Clevite in the Company were transferred to Gould.
  • The Company entered into a technical aid agreement for technical know-how with Clevite Corporation, U.S.A.

1974

  • 3,50,000 Bonus shares were issued in prop. 7:10.

1975

  • The Company entered into a patent and technical service agreement with Gould Inc., U.S.A.

1978

  • 4,25,000 shares were offered to public at a premium of Rs 10 per share.

1981

  • 6,37,500 Bonus equity shares were issued in prop. 1:2.

1983

  • The Company signed an export contract with Auto Exports of U.S.S.R., for the supply of thin walled engine bearings.
  • The second phase of expansion at the bearings plants at house was implemented.

1987

  • The Company privately placed with UTI, LIC, GIC and its subsidiaries, 2,25,000-15% redeemable non-convertible debentures of Rs 100 each.

1989

  • 19,12,500 Bonus equity shares were issued in prop. 1:1.

1991

  • The Company partially developed infrastructure facilities for manufacture of heavy and large diameter bearings to cater to the requirements of railways.
  • The Company revalued its plant and machinery as at 31st March, and the net surplus of Rs 871.53 lakhs arising out of this was credited to capital reserves.

1996

  • The operations in the first four months of the year were affected by labour problems faced at the Hosur plant, restricting the company from taking full advantage of the favourable market conditions.

1997

  • Sales declined to Rs.52.02 crores due to accentuated trend of demand contraction in the Automobile Industry.

1998

  • The Company's performance was adversely affected due to strong pressure on price on the components industry.

2000

  • The Company signed an agreement with CDSL and NSDL for dematerialisation.

2006

  • Bimetal Bearings Ltd appointed Mr N P Mani as Whole-time Director.

2009

  • The Board of Directors of the Company appointed Mr. S Krishnan and Mr. Krishna Srinivasan as Additional Directors.

2010

  • The Company appointed Mr. R. Vijayaraghavan as Additional Director and he would be holding the position of an Independent and Non-Executive Director in the Company.
  • The Company recommended a dividend of Rs. 8/- per share.

2011

  • The Company recommended a dividend of Rs. 8/- per share and Rs. 3/- per share towards Special Dividend for the 50th year.
  • The Company re-appointed Mr. N. P. Mani as Whole-time Director of the Company.

2012

  • Mr. S. Narayanan was appointed as Whole-time Director of the Company.
  • The Company recommended a dividend of Rs. 11/- per Share.

2013

  • The company recommended a dividend of Rs. 9/- per share.

2014

  • The company appointed Mrs. Sandhya Sekhar as an additional Director of the company under the Independent category.
  • The company recommended a dividend of Rs. 7/- per share.

2021

  • Bimetal Bearings Limited commenced commercial production at the newly commissioned powder plant at Hosur.

Open Your Free Demat Account Now!

Step into a world of zero fees and limitless opportunities!

pocketful logo

2022-25 Pocketful. All rights reserved, Built with in India

Version -5.76

app image 1app image 2

Stocks:

AllABCDEFGHIJKLMNOPQRSTUVWXYZ

Explore

Calculatorsfooter arrow down icon
Popular Calculatorsfooter arrow down icon
Group Stocksfooter arrow down icon

Others:

NSEBSECDSLNSDLSEBIMCXMSEINCDEXNSE IFSCINDIA INXAccount Closure FormDP Investor CharterBroker Investor Charter

Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800