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Sat, 03 Oct 2026, 05:10 am
Company History
1955
- India Radiators Limited was incorporated
1985
- The Sick Companies (Special Provisions) Act was enacted
1997
- The Company made profits
1998
- The Company started incurring losses
1999
- The net worth of the Company became negative
2000
- The Company was declared Sick by BIFR as per section 3(1) (o) of the Sick Companies Act
2003
- BIFR issued orders for winding up of the Company based on IDBI recommendations
2005
- AAIFR set aside BIFR orders for winding up of the Company and directed to continue proceedings before BIFR with a Revised Revival scheme
2009
- The Company designated an Email ID for registering Complaints by Investors
2015
- The Company filed a revised Draft Rehabilitation Scheme which is pending approval of BIFR
2024
- The Company has entered into a Share Purchase agreement with Mercantile Ventures Limited