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Walchandnagar Industries Ltd logo

Walchandnagar Industries Ltd

NSE: WALCHANNAG BSE: 507410

₹160.94

(-2.37%)

Wed, 18 Mar 2026, 08:40 am

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Company History

1908

  • The company was incorporated on 25th November at Mumbai.
  • 2,500 No. of equity shares were issued without payment in cash.

1945

  • 13,500 Right Equity shares were issued.

1946

  • 27,000 `A' Bonus Equity shares were issued in the proportion 1:1.

1947

  • 50,500 `A' Bonus Equity shares were issued in the proportion 1:1.

1954

  • Equity and Equity `A' shares were reclassified as Equity shares.

1958

  • 46,500 Right Pref. shares were issued in the proportion 2:5.

1961

  • 50,500 Right Equity shares were issued at a premium of Rs. 30 per share.

1966

  • 30,000 Bonus Equity shares were issued in the proportion 1:5.

1976

  • 1,177 Equity shares were allotted at par on conversion of debentures.

1977

  • Shares were subdivided and authorised capital increased.
  • 360 shares were allotted at par on conversion of debentures.
  • 1,62,720 No. of equity shares were issued to members of Cooper Engineerings Ltd. on its merger with the company.

1978

  • Cooper Engineering Limited and Tiwai Industries Limited were amalgamated with the company.
  • Shareholders of Cooper Engineering, Ltd. were allotted equity shares of the company.

1979

  • The company entered into a collaboration agreement with Polysins GmbH, West Germany.

1980

  • The company executed the first set of 15,000 H.P. marine gear box for the Navy.
  • The company manufactured and supplied LPG tanker wagons to Indian Oil Co., Ltd.
  • Cooper Division came into existence with the merger of Cooper Engineering, Ltd.

1981

  • 10,154 No. of equity shares were issued to the shareholders of erstwhile Tiwac Industries, Ltd.

1982

  • The company concluded a technical collaboration agreement with M/s. Fratelli Negri Machine Sud S.r.l.
  • An agreement was being finalised with Premier Automobiles, Ltd.
  • The company entered into a technical collaboration with M/s. Hitachi-eiki Co. Ltd.
  • The company revalued its land, buildings, and plant and machinery.
  • 10,01,502 bonus equity shares were issued.

1984

  • The recovery was lower than the previous period due to poor quality cane supplied.

1985

  • Operating results were adversely affected by prolonged labour unrest and an overrun on an overseas turnkey project.

1986

  • Recession in the engineering industry affected the company's performance.
  • The crushing of sugar cane was taken up in collaboration with I.S.S.K. Ltd.
  • The government approved a technical collaboration agreement with M/s. Euroconsult B.V.
  • Walchand Tandur Cement Co., Ltd. became a subsidiary of the company.

1987

  • The company turned the corner with more funds invested into the Industrial Machinery division.
  • The company entered into a technical collaboration agreement with M/s. MAAG Gear Wheel Co., Ltd.
  • The company's R & D developed Hyper Extraction rolls and VAC rolls for sugar mills.

1988

  • The company decided to dispose of the plant and machinery of its sugar division at Walchandnagar.
  • The precision instruments division introduced a Quartz Alarm Clock.

1989

  • The sugar plant was disposed of in favour of M/s. Indapur Sahakari Sakhar Karkhana Ltd.

1991

  • The working of the engine and foundry division was subdued due to a lower order book position.

1992

  • 10% Pref. shares were redeemed.

2004

  • Equity shares were delisted from Bangalore and Pune Stock Exchanges.
  • Walchandnagar Industries shares were delisted from Delhi Stock Exchange.

2006

  • Mrs. Sharayu Daftary resigned as Director.

2007

  • Mr. Shashi Bhusan Das was appointed as a Director.

2008

  • The company issued bonus shares in the ratio of 1:1.
  • The company split its face value from Rs10/- to Rs2/-.

2009

  • Mr. G.S. Agrawal was appointed as Company Secretary and Compliance Officer.

2010

  • A Joint Venture Agreement was signed between WIL and DCNS.
  • Dr. Anil Kakodkar and Mr. Ghyanendra Nath Bajpai were appointed as Additional Directors.

2011

  • A Joint Venture Agreement was signed between WIL and Atomenergomash (AEM) and Atomstroyexport (ASE), Russia.
  • WIL and ETCL collaborated.
  • A Joint Venture Agreement was signed between WIL and DCNS.

2012

  • Walchandnagar Industries Limited and Masson Marine, France collaborated.
  • The company recommended a dividend of Rs. 1/- per equity share (50%) on equity shares of Rs. 2/- each.

2013

  • Mrs. Bhavna Doshi and Mr. Arun R. Gandhi were appointed as Additional Directors.
  • The company was bestowed with the Outstanding Professional (Industrial) Award.
  • The board recommended a dividend of 20% on equity shares of Rs. 2/- each.

2014

  • Walchandnagar Industries Limited launched the Geosynchronous Satellite Launch Vehicle (GSLV-D5).
  • The company was bestowed with the Performance Award for Best Equipment (Centrifugal machines) Supply Partner.

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