Company History: YEAR EVENTS1989 - Real Value Appliances was incorporated as a Private Limited company on 31st July. It has been promoted by Mr Phiroze Engineer. The company was converted into a Public Limited one on 7th May 1992. Presently the Company is engaged in the manufacture and marketing of `Halon 1211' based fire extinguisher in 500 gms container primarily aimed at domestic and commercial sectors at Bhor near Pune. The main objects of the company is manufacture & marketing of fire extinguishers under the brand name Ceasefire and food preservation systems.1992 - The company introduced industrial ceasefire with the attributes of ease of use versatility etc.
- The Company undertook to expand its product range into manufacture of fire extinguishers using ABC dry chemical powder in addition to present Halon & in sizes of 1 Kg 2 Kg 5Kg & 10 Kg to cater to untapped market segments such as defence and industrial sectors.
- The Company also undertook to diversify into new area of food preservation system by manufacturing containers made of polycarbonate a food grade plastic.
- 20 00 000 No. of equity shares of Rs 10 each issued to promoters directors relatives etc. (Inclusive of 6 31 000 shares allotted as bonus shares). 59 30 000 No. of equity shares of Rs 10 each were then issued at a prem. of Rs 20 per share as follows: (i) 45 000 shares to employees (only 7 300 shares taken up); (ii) 5 93 000 shares to Indian Mutual Funds on preferential allotment basis. Balance 52 92 000 shares along with unsubscribed portion of 37 700 shares from employees quota issued to the public.
1993 - 45 00 000 No. of equity shares of Rs 10 each issued on private placement basis at a prem. of Rs 75 per share to FIIs Indian Mutual Funds.
1994 - The Company introduced Real Value Vacumizer and set foot into the market for household appliances. Several refinements were carried out as per market feedback.
- The Company issued warrants at Rs 90 per warrant to promoters on private placement basis. These warrants are exercisable between 12 to 36 months from the date of allotment of warrants.
