Yokogawa India Limited is a subsidiary of Yokogawa Electric Corporation, which is a Japanese multinational corporation that specializes in industrial automation and control, testing and measurement, information systems, and industry support. The company was established in the year 1977 and is headquartered in New Delhi, India. Yokogawa India Limited provides solutions for process control, plant optimization, and energy management to various industries such as oil and gas, chemical, pharmaceuticals, power, water and wastewater management, and more.
Yokogawa India Limited was incorporated in India on 26th August 1977 under the Indian Companies Act, of 1956. The company was established as a joint venture between Yokogawa Electric Corporation and DCM Ltd. and later on, the shareholding of DCM Ltd. was bought by Yokogawa Electric Corporation. The company is headquartered in New Delhi, India, and has several branches and offices across the country.
Yokogawa India Limited was a listed company on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) until May 3, 2007. However, the company has been delisted from both stock exchanges due to the buyback of all outstanding shares by the promoter, Yokogawa Electric Corporation. As a result, the shares of Yokogawa India Limited are no longer traded on any recognized stock exchange. The YOKOGAWA INDIA LIMITED Company is a delisted public limited Company' It delisted its shares from the National Stock Exchange of India Limited' Mumbai Stock Exchange and Bangalore Stock Exchange in 2OO7 ' under the Securities and Exchange Board of India (Delisting of Equity Shares) Guidelines 2003' Post delisting' the shareholding of the non-promoter group of shareholders (hereinafter referred to as the "Public Shareholders") in the Company who are 1923 (as on 26 October 2018) in number' reduced from 16'81%o to 2.79%. During the FY year 2017-18, in terms of the provisions of the Companies Act, 2013, (''the Act''), the Company filed an application for a reduction of the share capital of the Company with the National Company Law Tribunal (''Tribunal'') to reduce and cancel Public Shareholders 2,44,531 number of equity shares of Rs. 10/- each fully paid, vide, the board of directors approval on 13 November 2017 and further, a special resolution approved by the majority of shareholders at the extraordinary general meeting held on 11 January 2018, which is under the process with the tribunal for the necessary order. The company returned a sum of INR 923.20/'per equity share for the extinguishment of the equity shares held, inclusive of a premium of INR 913.20/- over the face value per equity share of INR 10/-. Although company ISIN Number INE718A01019 is still active.
Since the shares of Yokogawa India Limited are no longer listed on any stock exchange, the latest profit and loss statement of the company is not publicly available. However, prior to the delisting, the company was reporting stable financial performance with a steady increase in revenue and profit year-on-year.
Similar to the profit and loss statement, the latest balance sheet of Yokogawa India Limited is also not publicly available due to the company's delisting from the stock exchanges. However, prior to the delisting, the company was maintaining a strong financial position with a significant amount of assets and a low level of liabilities.
In conclusion, Yokogawa India Limited was a well-established company in India offering various solutions for process control and energy management to various industries. The company was listed on the Bombay Stock Exchange and National Stock Exchange until 2019 when it was delisted due to the buyback of all outstanding shares by the promoter, Yokogawa Electric Corporation. As a result, the latest financial statements of the company are not publicly available.
