SANDHAR TECHNOLOGIES Share price

The company was incorporated as ‘Sandhar Locking Devices Private Limited’ on October 19 1987 at New Delhi India as a private limited company under the Companies Act 1956. The name of the company was subsequently changed to ‘Sandhar Locking Devices Limited’ on conversion to a public limited company and a fresh certificate of incorporation consequent upon change of name was issued by the RoC to the company on September 21 1992. Subsequently the name of the company was changed from ‘Sandhar Locking Devices Limited’ to ‘Sandhar Technologies Limited’ and a fresh certificate of incorporation consequent upon change of name was issued by the RoC to the company on November 11 2005. Subsequent changes to the name of the company to ‘Sandhar Locking Devices Limited’ and ‘Sandhar Technologies Limited’ were undertaken to align the name of the company with the nature of business of the company and upon conversion of the company from a private limited company to a public limited company.MAJOR EVENTS MILESTONES AWARDS AND ACCREDITATIONS:1988- Incorporated as ‘Sandhar Locking Devices Private Limited’- Engaged by Honda Lock for providing technical assistance in relation to two-wheeler locks1992- Started production of two-wheeler locks and fuel filler cap for Hero Honda at Gurugram1995- Production of two-wheeler mirror assembly1996- Engaged by Honda Lock for technical collaboration for two-wheeler main switch 35100-GBG-8500 for C100 motorcycles1998- Engaged by Honda Lock for technical collaboration for four-wheeler mirror assembly handle assembly1999- Commencement of supply of mirror assembly to Honda Cars2002- Production of zinc and aluminium pressure die-casting components commences at Sandhar Auto Components Limited at Sandhar Components Manesar2003- Executed a joint venture agreement with Steady Stream Business Limited for production of tools and dies2004- Engaged by Honda Lock for providing technical assistance in relation to four-wheeler lock assemblies2005- SLD Auto established for production of lock assemblies and mirror assemblies in Bengaluru2006- Unit in Chennai Tamil Nadu India established for steel wheel assembly- Acquisition of the companies of Adeep Group being Adeep Locks Limited Adeep Roloforms Limited and Agrim Automach Private Limited companies engaged in the business of manufactured lock assemblies steel wheel rims and handle bars- Name of the company changed to ‘Sandhar Technologies Limited’ from ‘Sandhar Locking Devices Limited’- Investment by Actis Capital LLC UK into the company- Barcelona unit of TECFISA acquired by the company for manufacture of spools for seat belt retractors and aluminium PDC products2008- Executed a joint venture agreement with JBM Auto Limited for production of moulds and dies2010- Unit in Chakan Maharashtra established for manufacture of door handles2011- Unit in Pune established for manufacture of plastic injection moulding components- Steady Stream’s stake in Sandhar Tooling acquired by the company2012- ST Poland with a unit in Czestochowa established by the company- Investment by GTI Capital upon purchase of Equity Shares held by the Actis Group- Golden Peacock National Quality Award\- First Runner-up at the CII Quality Circle Chapter Convention of Northern Region- Award of Appreciation for Significant Contribution from L&T Komatsu to Sandhar Automotives Bommasandra2013- Technical collaboration agreement executed by the company with JEM Techno South Korea for manufacture of relays- Establishment of Sandhar Centre for Innovation & Development a dedicated research and development unit at Gurugram- Investment by GTI upon purchase of Equity Shares held by GTI Capital- Acquisition of Mag Engineering a company engaged in the business of manufactured operator cabins for off-highway vehicles- Technical collaboration agreement executed by the company with Lyssen Enterprises Co. Limited Taiwan for manufacturing instrument clusters gauges and senders / sensors- Unit in Sriperumbudur Tamil Nadu established for new wheel assemblies- Certificate of appreciation for securing the 2nd place in the competition for Quality Improvement Project from TVS Motor Company Limited- Certificate of par excellence in the Reduce Warranty Rejection in Star Ignition Lock to Sandhar Automotives (Bommasandra)- Award for Excellence in Active Support in New Development at the Forge Ahead 14th Partners’ Meet to Mag Engineering2014- GTI increases its shareholding in the Company from 10.75% to 17.47% by subscribing to Equity Shares issued in a rights issue undertaken by the company- ST Mexico with a unit in Guanajuato Mexico established by the company- Executed a joint venture agreement with Han Sung to establish Sandhar Han Sung for manufacture of high precision press parts insert moulded contact plates and switches- Unit in Pathredi Rajasthan established for manufacture of lock assemblies mirrors and door handles- Production of relays based on Korean technology (ISO 10000) commences at our Sandhar Automotives Gurgaon – JEM Division- Acquisition of the cabin manufacturing unit of Arkay Fabsteel Systems Private Limited at Pune- Winner’s Award at the CII Preliminary Quality Circle Convention Lucknow- Certificate of appreciation for best performance in delivery from Komatsu India Private Limited to Mag Engineering- Consolation award at the CII: Quality circle competition2016- Executed a joint venture agreement with DMRG and Tarun Agrawal for manufacture and trading of solar plants and components for solar power plants- Seven par excellence awards; and- Seven excellence awards- Three gold awards; and- Five silver awards- Eight gold awards;- Eight silver awards; and- Four bronze awards- Three gold awards; and- One silver awards- One Silver awards; and- One Bronze awards- Bronze Award in the category of delivery from Honda Cars to Sandhar Automotives Dhumaspur in the Annual Supplier Convention 2017 Supplier Performance award to Sandhar Automotives Gurugram for Excellence in cost.- Kaizen Award to Sandhar Automotives Dhumaspur in the ninth Cluster Summit organized by CII- Strong Commitment award to HSCI Division in the Manufacturing Industry sector by CII2017- Executed a joint venture agreement with Jinyoung Electro - Mechanic to establish Jinyoung Sandhar for the purpose of manufacture sell and assemble audio AVN panel and switches in India- Six gold awards; and- Four silver awards- 22 gold awards;- nine silver awards; and- two bronze awards- two gold awards;- four silver awards; and- two bronze awards- One Silver awards- Two gold awards- Special recognition award at the CII – National 5S Excellence Awards 2017 for the Manufacturing Industry to Sandhar Automotives Gurugram- Award for Excellence in Active Support in New Development at the Forge Ahead 17th Partners’ Meet to Mag Engineering (Unit of Sandhar Technologies)- Supplier performance award for Excellence in Cost at the Supplier Convention 2017- Supplier of the year at Volvo CE-India Annual Supplier Conference to Mag Engineering2018- Executed a joint venture agreement with Amkin Group to establish Sandhar Amkin Industries Private Limited to set up a joint venture to design manufacture market sell and assemble in India helmet helmet accessories and related parts visors safety headgear riding protection accessories storage box pannier box and riding apparel- Executed a joint venture agreement with Daewha Fuel Pump to establish Sandhar Daewha Automotive Systems Private Limited to manufacture sell and assemble in India fuel pumps filters starter motor and wiper blades- Executed a joint venture agreement with Daeshin to set up a joint venture for manufacturing assembly and sale of gear shifters and parking brakes for the four-wheeler segment