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IP Rings Ltd logo

IP Rings Ltd

NSE: IPRINGLTD BSE: 523638

₹109.20

(4.95%)

Thu, 12 Mar 2026, 11:11 pm

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Company History

1990

  • 350 No. of equity shares of Rs 10 each subscribed by the signatories to the Memorandum & Articles of Association.
  • 5,00,000 No. of equity shares of Rs 10 each allotted to resident, directors, friends and relatives.
  • 37,99,650 No. of equity shares of Rs 10 each allotted to other promoter companies.
  • 30,24,947 No. of equity shares of Rs 10 each at par allotted to Indian public through public issue.

1991

  • IP Rings Limited, was incorporated as a public limited company on January 30th.
  • The company has been promoted by India Pistons Limited, alongwith other group companies of the Amalgamation Group.
  • The Company is setting up a plant for manufacture of 20 lac nos. piston rings per annum including steel piston rings at Maraimalai Nagar, Chengai, MGR District, Tamilnadu.
  • I P Rings Limited belongs to the 'Amalgamation Group', one of the largest light engineering groups in India.

1992

  • The company was incorporated on 30th January 1991 and the Directors decided to close the accounts for the first time covering the operations upto 31st March, 1992.
  • The company has also entered into a Consultancy Agreement with India Pistons Ltd., who are pioneers in the field of Piston Ring manufacture in the country.
  • The Public Issue of the Company's 2200000 Equity shares, which includes 1705000 Equity shares to the Indian Public has been an overwhelming success.

1993

  • The Directors have entered into new agreements with the collaborators, Nippon Piston Ring Co Ltd, Japan, covering latest technologies in surface treatment of rings.

1994

  • The company has set up complimentary production facilities involving additional outlay towards sophisticated technologies in surface treatment of rings.
  • Plasma Spraying technology which is the state of the art process for thermal spraying for Diesel piston rings has been installed.
  • The Company also introduced the technology of Chrome Plating of Inner Dia of Oil rings and sides of compression rings.

1995

  • The Company has successfully implemented the project for manufacturing Niffex-S type Three Piece Oil Rings in collaboration with nippon Piston Ring Co. Ltd., Japan.
  • The Company has issued 352100 No. of equity shares of Rs 10 each at a price of Rs 157 per share to its technical collaboration, M/s. Nippon Piston Ring Co. Ltd.
  • The Company also has issued 365100 convertible warrants on preferential basis to promoter companies.
  • The Company successfully Commissioned the new Gas Nitriding facility which has enabled the company to increase its capacity from 20 lakh rings to 30 lakh rings per annum.
  • The Company entered into a new Collaboration Agreement with M/s. Nippon Piston Ring Co. Ltd., Japan for the manufacture of Nifflex-S three piece Oil Ring.

1996

  • The Company has obtained ISO 9002 accreditation from TUV CERT Certification body during the year.
  • The company has added an automatic chromium plating plant with special emphasis on productivity, quality and environmental requirements.
  • 3,52,100 shares issued on preferential basis at a premium of Rs 157 to Nippon Piston Ring Co. Ltd., Japan.
  • The Company has also issued 3,65,100 Convertible Warrants on Preferential basis to the Promoter Companies.

1997

  • IP Rings Ltd. part of the Amalgamations group, proposed to invest Rs.13 crores in capacity expansion this year.
  • New products would be introduced so as to cater to more types of vehicles, including two-wheelers.
  • The company has a Japanese collaboration and would therefore be able to compliment its collaborator's marketing efforts.
  • IP Rings, has a negligible exposure to the international market, is now actively exploring the South East Asian, Korean and Japanese markets along with its collaborator Nippon Piston Ring (NPR), Japan.

1998

  • IP Rings Ltd, part of the Amalgamations Group, is looking to introduce new models, and is setting up new facilities for production of rings for two-wheelers.

1999

  • IP Rings is a member of the Chennai-based Amalgamations group.

2000

  • The Company, a part of Amalgamations group and a leading manufacturer of piston rings, has obtained QS 9000 certification from RWTUV of Germany.

2003

  • The Company approved a capital expenditure programme of Rs 150 million to expand the facilities to meet the growing demand for auto components.

2008

  • The Company has designated an exclusive e-mail ID for redressal of Investors Grievances.

2010

  • The Company has informed that Mr. A. Venkataramani has been appointed as the Managing Director.

2011

  • Mr. N Venkataramani has been appointed as Chairman (Non Executive Director) of the Company.

2012

  • I P Rings Ltd has won 'est Kaizen Award' from Ashok Leyland.
  • The Board has recommended a Dividend of Re. 1/- per share (10%).

2013

  • Dr. N. Gowrishankar has been appointed as a Non-Executive Director of the company.

2017

  • The company issued rights shares of Rs. 10 in the ratio of 4:5 at a premium of Rs. 78.75 per share.

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