- On 5th November a Declaration of Intention was signed by theGovernment of India Imperial Chemical Industries Ltd. U.K. and I.C.I.(India) Pvt. Ltd. to form a company for the manufacture of commercialblasting explosives safety fuses etc.

1954

- The Company was incorporated as a public limited company in the Stateof West Bengal to implement the agreement and the Certificate ofCommencement of Business was obtained on 19th August. The Companymanufacture explosives and accessories of all kinds blastingequipment chemicals Industrial and other preparation and fertilisers.

1955

- A technical collaboration agreement was executed between the Companyand Imperial Chemical Industries Ltd. who agreed to act as consultantsto the Company and provide the Company with the necessary technicalinformation.

1959

- 24 00 000 shares held by ICI Ltd. U.K. and 6 00 000 shares by thePresident of India.

1965

- 4 30 000 shares issued at a premium of Rs 12 per share; 57 000 sharesreserved for allotment to the resident directors and employees and3 73 000 shares offered to public. 13 73 000 shares offered to public.13 72 000 Bonus shares issued in prop. 2:5.

1967

- In Oct/Nov. 16 80 000 `A' series No. of Equity shares issued at par:(i) 76 00 000 shares to ICI Ltd. U.K.; (ii) 21 50 000 shares to IFCW;(iii) 19 00 000 shares to the President of India; (iv) 21 67 200 sharesto members of the company other than the President of India and ICILtd. U.K. and (v) 28 62 800 shares to public. `A' Series sharesbecame pari pasu with the existing shares from 1.10.1970.

1975

- Industrial licence was received for the manufacture of 1 000 tonnesper annum of nitrocellulose both blasting soluble and industrialgrade. This plant was commissioned in August 1978.

1978

- Industrial licence was received Collaboration agreements were signedwith Imperial Chemical Industries Ltd. U.K. Benfield Corporation U.S.A. and Toyo Engineering Corporation Japan.

- During Jan./Feb. 71 60 667 Bonus shares issued in prop. 1:3. Afterthe bonus issue 3 41 000 shares issued as rights (prem. of Rs 5 pershare; prop. 1:34) to resident Indian shareholders.

1979

- The Company offered 5 00 000 redeemable partially convertible secureddebentures of Rs 500 each for cash at par as rights to equityshareholders in the proportion 1:58. These debentures carry interestat the rate of 10 1/2% payable half-yearly on 31st March and 30thSeptember.

1980

- The Company received a letter of intent for the manufacture of 100tonnes of primary reforming catalyst at Panki in collaboration withImperial Chemical Industries PLC The boilers were commissioned inApril/May 1983 and generation of steam commenced. Letters of intentwere in hand for the manufacture of 100 tonnes per annum ofpermethrin/cypermethrin for application as a cotton pesticide and forthe manufacture of methyl chlorosilanes.

1982

- With effect from 1st October the Alkali & Chemical Corporation ofIndia Ltd. (ACCI) Chemicals & Fibres India Ltd. (CAFI) and CrescentDyes & Chemicals Ltd. (CDC) were amalgamated with the company.

- In terms of the Scheme of Amalgamation the Company issued andallotted to the members of the merged companies without payment in cash31 000-11% cumulative preference shares of Rs 100 each and 89 18 121No. of equity shares of Rs 10 each as follows:

- (i) 31 000-11% preference shares of 12 51 213 No. of Equity shares ofRs 10 each to members of ACCI in proportion of 1 Pref.: 1 Pref. and 2equity: 7 equity respectively

- (ii) 59 86 908 No. of equity shares of Rs 10 each to members of CAFIin the proportion 4:5 fractional entitlement being sold anddistributed at pro rata basis and

- (iii) 16 80 000 No. of equity shares of Rs 10 each to members of CDCin the proportion of 7:10.

- At the option of the holder of any debentures 20% of the face valueof each debenture i.e. Rs. 100 out of Rs 500 held by him is convertibleinto six equity shares of Rs 10 each of the Company at a premium of Rs62/3 per shares on 1st October.

- If the Company makes a bonus issue of equity shares before 30th June the entitlement to equity shares of the debentureholder shall standaugmented in the same proportion in which augmentation took place inthe issued equity shares capital of the Company consequent upon thebonus issue.

- Debentureholders not exercising the option will be paid Rs 100 perdebenture on 1st October and the balance Rs 400 in 5 annualinstalments of Rs 80 each on 30th September commencing from 1983together with the interest accrued thereon.

- 29 68 824 No. of equity shares of Rs 10 each were issued at a prem.of Rs 5 2/3 per share in conversion of debentures and were allotted on1.10.1982.

1983

- The Company issued 15% non-convertible debenture of Rs 100 each forRs 1 500 lakhs as rights to meet the requirements of working capitaland also the normal capital expenditure.

1984

- The turbo generator for the captive power plant at Panki wascommissioned on 16th July. The project for the primary reformercatalyst at Panki was commissioned in September.

- A letter of intent was received for the manufacture of 3 tonnes perannum of uinapyramine salts.

- Industrial licences were received for expanding the paintmanufacturing capacity at Rishra and for the Quinapyramine saltsprojects.

- The name of the Company was changed from Indian Explosives Ltd. toIEL Ltd. Effective from 25th May 1989 the name was again changed toICI India Ltd.

1985

- A modified letter of intent was received for the manufacture ofcertain new drug items and for production of membrane cells for use incaustic chlorine manufacture. Another application was made forinstallation of an additional 450 tonnes per day ammonia stream withmatching urea capacity of the Panki factory. This project was proposedto be set up based on the lattest energy efficient technology of ICIplc. U.K.

- Pref. shares redeemed on 31.7.1986.

1986

- The letter of intent for expanding polyester staple capacity to30 000 tonnes per annum was converted into an industrial licence.

1987

- New products such as Maxilite gloss and emulsion and a masonry paintwere added to the existing range. Dulux colour centres were set up atmajor centres to provide advice in areas of home decoration.

- The Company awaited Government clearance for production of membranecells and coating of electrodes for use in caustic chlorinemanufacture. Approvals were awaited for polyurethanes toner resinsprojects and the fourth ammonia - urea stream project at Panki. TheCompany also proposed to apply for letters of intent seeking investmentopportunities in other speciality and effects chemicals.

1989

- The Company introduced in the market new coil coating paint.

- The foreign collaboration application for the manufacture of AccinoxZC a rubber chemical was approved by Government. Application was madefor a Letter of Intent for the manufacture of Methyl methacrylate andthe related Polymers dispersions and sheets Government approval wasalso sought for introducing in India the latest generation syntheticpyrethroid lambdacyhalothrin with the existing licensed capacity forcypermetrin. Approval from Government was received for production ofFM-21 membrane cells and coating of electrodes.

1990

- MRTP approval was received for the manufacture of high quality highyielding hybrid seeds for cereals and oil seeds.

1991

- The antiozonant `Accinox Zc' plant at Rishra commissioned. A letterof intent for methane diphenyl di-isocyanate was received.

1992

- With a view to reinforce a competitive edge the range of bulkproducts was extended by the introduction of `Poweran' series.

- Never decorative and refinish paints were launched thereby improvingthe operating efficiencies.

- High quality hybrid seeds of sunflower and maize were launched.

- A Memorandum of Understanding was entered into between the Companyand Nalco Chemicals Company U.S.A. (Nalco) for the manufacture ofspeciality chemicals and industrial application.

- The Company and Nalco would each subscribe for upto a maximum of 40%in the equity capital of the joint venture company and the remainingshares accounting for 20% of the total equity would be offered eitherto Indian public and/or to financial institutions depending upon thefinal scheme of finance to be approved by Govt.

- The Company made an application for a letter of intent for themanufacture of 12 000 tonnes per annum of speciality chemicals. Thenew Company's factory was proposed to be set up at the Rishra WestBengal.

1993

- New products in the growing segment of decorative paints wereintroduced. The introduction of `Dulux' `Maxilite' and `Cobra' brandsincreased the growth in paints volume.

- The Company introduced `Tenoclor' - a fixed dose cardiovascularcombination with diuretic in 1994-95. 1995

- Agrochemicals were transferred to a joint venture with Zeneca plcU.K. to ensure a strong market position through continued introductionof new products and technologies.

- The Company was progressively replacing Nitroglycerine based packagedexplosives with emulsion and for the purpose a new small diameteremulsion manufacturing facility was commissioned at Gomia. Formationof joint venture for initiating explosives with the Emign BickfordCompany USA was being implemented.

- The launch of international ICI brands `Weathershield' and `Duette'added strength to the production fortfolio.

1996

- A Joint venture with The Ensign Bickford Company USA initiatingExplosives Systems India Ltd. was formed.

- A new paints plant at Thane was commissioned in December.

1997

- The new state-of-the-art 20 million litres per annum automotiverefinish and decorative paint manufacturing facility was commissionedin March 1998 at Mohali near Chandigarh.

- New products like Lignocaine Buprenorphine Neostignine Maxigard andICIDIL were launched.

- Imperial Chemical Industries plc. U.K. the holding Company holds2 07 76 213 No. of equity shares of the Company.

1998

- ICI (India) Limited is set to form a joint venture company withHerberts of Germany for manufacturing and marketing automotive paintsin India and the Asia Pacific regions. The two companies have alreadyentered into a technical tie-up for manufacturing and marketingautomotive coating in India and Asia.

- ICI India a subsidiary of Imperial Chemical Industries Plc of UK signed a joint venture with Gujarat State Fertilisers and Chemicals(GSFC) to market acrylics products of GSFC.

- ICI India Ltd. a partly owned subsidiary of ICI plc of the UK hasacquired the nitrocellulose business of Asha Nitrochem Industries Ltd.at Valsad in Gujarat.

- ICI which has set up new paint factories at Thane and Mohali inMaharashtra is slated to commission another plant at Chennai.

- An agreement has been entered into with Zeneca Ltd. of UK for thesale of ICI India's 49 per cent shareholding in Zeneca ICIAgrochemicals Ltd.

- The company has also entered into an agreement with Nalco Chemicals USA for the sale of its 40 per cent shareholding Nalco Chemicals IndiaLtd.

1999

- Initiating Explosive Systems India Ltd ICI India's joint venturewith The Ensign Bickford Company (EBCo) of the US is all set tointroduce the EXEL Handide range of detonators in the country.

- The company has signed an agreement with Orica Investment Pvt. Ltd. Australia a subsidiary of Orica Ltd for transfer of its explosivesbusiness including its shareholding in the share capital of IES IndiaLtd. to Indian Explosive Ltd. a joint venture to be established withorica Ltd. The company will hold 51 per cent of the issued sharecapital of Indian Explosives Ltd. and the balance 49 per cent will beheld by Orica Ltd.

2000

- ICI India Ltd subsidiary of ICI Plc of the UK has embarked on arestructuring drive to focus on specialty products and paints to alignbusinesses in line with the global parent.

- ICI India Ltd a subsidiary of British multinational ICI Plc is opento acquisitions of brands and companies that synergise with its corecompetency and portfolio.

- ICI India is exiting from the polyurethane business by selling offthe business to Huntsman Corporation of US. The Company is also hivingoff its motor and industry paint business into a 50:50 joint venturewith Berger Paints.

2002

- ICI India is set to enter the flavours & fragrances business and hascommissioned an in-house study of the market.

- ICI India Ltd has decided to redesignate the following WholetimeDirectors with effect from April 01 2002. 1. Mr R L Jain whose currentdesignation is Wholetime Director and Chief Operating Officer will bedesignated Wholetime Director and Chief Executive Officer Paints. 2.Mr M R Rajaram whose current designation is Wholetime Director will bedesignated Whole Director and Chief Financial Officer.

-ICI India transfers pharmaceuticals business to Nicholas Piramal.

-ICI India Ltd has informed BSE that Mr Suresh Chandra a nominee of the Government of India has resigned and ceased to be a Director of the Company w e f July 05 2002.

-Sudhir Krishna appointed as Director of ICI India.

2003

-ICI India announces change in the management1. Mr Ashok Ganguly Chairman has decided to retire2. Mr Aditya Narayan MD has decided to resign 3. Mr Rajiv Jain has been appointed as MD along with current role as CEO.

-ICI India has reported a 34% growth in the net profit at Rs. 107.7cr.

-ICI India has entered into an agreement with Orica Investment Pvt Ltd of Australiafor the sale of its 51% holding in Indian Explosive ltd for a consideration of Rs.666.4 miilion

2004

-ICI India to seek members Approval to divest Nitrocellulose and Trading Businesses through Postal Ballot

-ICI India Ltd has informed that Mr Sudhir Krishna a nominee of the Government of India has ceased to be a Director of the company wef January 21 2004.

-ICI Paints introduces Supergloss 5-in1 a unique enamel paint for wood and metal surfaces.

-Nitrocellulose and Trading business transferred to Nitrex Chemicals India Pvt. Ltd.

-Unveils new acrylic latex based paints Dulux Weathershield Max and Tileshield for exterior walls and roof tiles respectively in the Kerala market

2006

-ICI India paint division launched its Dulux ColourFutures 2006 new range of shades based of annual forecast of international colour trends in the city on March 18.

-ICI Paints has launched Inspira 4-wall finish super premium paint in the Kerala market.

2007

-ICI India Ltd has informed that the registered office of the Company has been shifted from Chowringhee Road Kolkata to Middleton Street Kolkata with effect from January 08 2007.

- ICI India Ltd has appointed Mr. Sandeep Batra as a Whole-time Director of the Company with effect from April 01 2007.

2008