Innoventive Industries Ltd

Innoventive Industries - Board to consider Dividend On 29 May 2013 The board meeting of Innoventive Industries will be held on 29 May 2013, to consider the audited financial results and recommend dividend for the year ended 31 March 2013.

Innoventive Industries to acquire 51% stake in Innovative Technomics Innoventive Industries has signed an agreement to acquire 51% stake in Innovative Technomics, an industry leader in high voltage soft starters and testing equipments catering to the domestic and international markets. This acquisition remains subject to customary closing conditions.

Innoventive Industries appoints directors With immediate effect The board of Innoventive Industries in its meeting on 07 August 2012 has appointed K V Ramarathnam as additional / whole-time director of the company with immediate effect. The board has appointed Bhagyam Ramani as additional / independent director of the company with immediate effect.

Innoventive Industries gets patent for its Cold Pilgering technology Innoventive Industries has been granted patent for its Cold Pilgering technology. The patent was filed by the company for its Cold Pilgering process which is employed by the company to manufacture CEW tubes. This process has reduced the energy consumption, materials wastage and labour cost significantly compared to the conventional draw bench process, thereby improving the margins. The patent granted for this technology is valid over a period of 20 years effective from 24 April 2009. The company made this announcement on 10 July 2012.

Innoventive Industries recommends final dividend Of Rs 3 per share The board of Innoventive Industries in its meeting on 30 May 2012 has recommended final dividend at the rate of Rs 3 per equity share. The board has accepted resignation of Ravindra Katre from the post of managing director with immediate effect. However, he shall continue with the board as a director of the company. The board has appointed Ravindra Katre as whole-time director of the company with immediate effect subject to necessary approvals. The board has appointed Chandu Chavan as managing director designated as chairman cum managing director of the company with immediate effect subject to necessary approvals.

Innoventive Industries to consider final dividend Board meeting on 30 May 2012 The board meeting of Innoventive Industries will be held on 30 May 2012 to consider and approve the audited financial results of the company for the year ended 31 March 2012 and for recommendation of final dividend for the year ended 31 March 2012.

Innoventive Industries appoints directors With immediate effect The board of Innoventive Industries in its meeting on 16 December 2011 has appointed Sanjay Asher as additional (independent) director of the company with immediate effect. Further, the board has appointed Rahul Raisurana as additional (nominee) director representing Standard Chartered Private Equity (Mauritius) II and / or Standard Chartered Private Equity (Mauritius) III on the board with immediate effect.

Innoventive Industries incorporates a subsidiary company in United Kingdom Innoventive Industries has announced that the company has established its footprints in the United Kingdom by incorporating a private limited company by name Innoventive Industries UK Ltd in London. This company is wholly owned (100%) by Innoventive Industries.

Innoventive Industries adjourns board meeting To 14 November 2011 The board meeting of Innoventive Industries which is scheduled to be held on 12 November 2011 has been re-scheduled. The meeting will now be held on 14 November 2011.

Innoventive Industries to hold board meeting On 12 November 2011 The board meeting of Innoventive Industries will be held on 12 November 2011 to consider issue / allotment of additional equity shares for Innoventive Group Employees Welfare Trust or seek approval of the board for Employees Stock Option Scheme, subject to necessary consent or approval required in this behalf.

Innoventive Industries recommends final dividend Of Rs 2 per share The board of Innoventive Industries in its meeting on 18 July 2011 has recommended final dividend at the rate of Rs 2 per share.

Innoventive Industries to announce financial results Board meeting on 18 July 2011 The board meeting of Innoventive Industries will be held on 18 July 2011 to consider and approve the audited financial results of the company for the year ended 31 March 2011 and to recommend payment of final dividend, if any.

Innoventive Industries receives Industrial Promotion Subsidy (IPS) of Rs 16.38 crore From Government of Maharashtra Innoventive Industries has received the Industrial Promotion Subsidy (IPS) of Rs 16.38 crore from the Government of Maharashtra.