YEAR EVENTS 1959 - The Company was Incorporated on 19th October. The main object of the company is to Manufacture tyres and semityres for different types of vehicles including buses, omnibuses, industrial tyres-inner tubes, flaps, etc., and the cord belting and conveyor belting. 1960 - 25,000 No. of equity shares taken up by Kerala Government 10,000 preference shares and 20,900 No. of equity shares taken up by promoters, managing agents, etc. 10,000 No. of equity shares reserved for collaborators. 25,000 preference and 44,000 No. of equity shares offered to the public in January. 1961 - Foreign collaborators allotted 10,000 No. of equity shares. Arrears: Rs 42,000. 1973 - 30,000 bonus equity shares issued in the proportionate of 1:5. Arrears: Rs 7,250. 1983 - 35,000 No. of equity shares issued to financial institutions on conversion of loans. 1987 - 1,07,500 shares were offered at par as rights in Proportionate of 1:2 only 37,329 shares taken up. The balance 70,171 shares were allotted privately. Another 5,370 shares offered at par to employees. Only 1,270 shares taken up. The balance 4,100 shares were allowed to lapse. 1989 - The Company suffered a loss on account of high cost of raw materials, increased cost of financing and liquidity constraints that prevailed throughout the year. 1993 - There was no production activities due to the strike/lockout which started on 23rd February. Strike/lockout was called off on 27th October. 1994 - Production was to be suspended due to acute cash crunch. However, as desired by the government of Kerala, Apollo commenced production at Premier under an agreement for conversion of job work. 1995 - Very limited scale of operations coupled with a huge interest burden led to loss. Approximately 63000 tyres valued at Rs.22.90 crores were produced at Premier. - Rehabilitation Scheme was prepared by BIFR envisaging take over of Premier Tyres Ltd., by Apollo Tyres Ltd. Apollo subscribed to Premiers additional equity of Rs.10 crore at par. The scheme provided for a reconstitution of the Board of directors of Premier by induction of representatives of Apollo besides government nominees. - Pursuant to the scheme, Apollo would operate Premier's plant on an lease of 8 years. Apollo would lift the entire production of Premier and sell the same under Apollo brand name. 2005 -Company has changed its name from Premier Tyres Ltd. to PTL Enterprises Ltd 2008 - The Company has splits its face value from Rs10/- to Rs2/-. 2009 -The Company recommended a dividend of Rs 0.40 per share amounting to Rs 264.75 Lacs on equity shares of Rs 2/- each. -Company has given the following Email Id for redressal of Investor Grievances:- investors@ptlenterprise.com. 2010 -PTL has recommended a dividend @ Re. 0.50 per Share amounting to Rs. 330.94 Lacs on Equity Shares of Rs. 2/- each. 2011 -PTL has declaired Dividend @ Rs. 1/- per share. 2012 -PTL has recommended a dividend @ Re 1.00 per Share. 2013 -The company has recommended a dividend @ Re. 1.00 per share. 2014 -The company has recommended a dividend @ Re. 1.00 per share. 2017 -NCLT has approved scheme of demerger of Medicare and Healthcare Undertaking of Company into Artemis Global Life Sciences Ltd. (formerly known as PTL Projects Ltd.) 2021 -The Company has splits its face value from Rs. 2/- to Rs. 1/-.