GNA Axles Share price

The Company was incorporated as G N A Axles Limited on September 6 1993 at Jalandhar as a public limited company under the Companies Act 1956. The Company obtained a certificate of commencement of business on April 5 1994. As of the date of this Red Herring Prospectus the Company has 10 shareholders.Major events and milestones of the Company The table below sets forth the key events in the history of the Company:1994-Company obtained certificate for commencement of business1995-Company started supply of fully finished and ready to assemble mechanised axle shafts to OEMs such as Mahindra & Mahindra Limited2002-2003-Started exports to USA and Europe2004-Installed 13” Upsetter with new heat treatment shop2007-Commissioned 66 kVA dedicated electricity supply line for Unit I2008-Invested in forging technology for rear axle shafts with direct drive screw press supported by robots2012-Commissioned Unit II with facility for commercial vehicle axle shafts and spindles machining2013-Commissioned Lasco extrusion press supported by robots and electric heat treatment furnace at Unit II-Commissioned direct drive screw press for heavy axle shaft forgings supported by robots at Unit I2015-Commissioned 66 kVA dedicated electricity supply line for Unit II Certifications awards and recognitions :2009-Commendable Performance Award at John Deere India Supplier Meet 2010-Best CRE Performance Award in farm equipment sector by Mahindra & Mahindra Limited2010-Best CRE Performance Award by Mahindra & Mahindra Limited-Recognition of Long Association by Tractors and Farm Equipment Limited-‘Supplier Recognition Award’ in recognition of outstanding contribution to the AAM India team2011-Commendable Performance Award at John Deere India Supplier Meet 20122012-Best Supplier on VA/VE Award by Oerlikon Drive Systems2013-Long Association Award at Partners Meet 2013 by Escorts Limited-Preferred Commodity Supplier by Automotive Axles Limited2015-Best Supplier Award by Tractors and Farm Equipment Limited-Best Quality Award by Escorts Agri Machinery2016-Certificate of excellence for outstanding performance in quality for the year 2015 awarded by Kubota Agricultural Machinery India Private Limited