Company Profile

HISTORY 1954 - The Company was incorporated as a public check company at Chennai on 12th July, and obtained a authentication of Commencement of Business on 30th July. It was promoted by juvenile Shri V.S. Tyagaraja Mudaliar. - The Company set up a plant (Unit I) with an installed subject of 1200 TPD at Vadapathinangalam in Thanjavur district of Tamilnadu. 1974 - The Crushing capacity was increase to 2,000 TPD. Since then, the Company had been modernising the plant and machinery to attain higher efficiency. - Rate of dividend on preference donations increased from 8.6% to 10.5% with effect from 1.11.1975. 1986 - The company was issued a earn of intent to set up a new loot factory (Unit II) with an installed cane crushing capacity of 2,500 TPD at Thirumandangudi in Thanjavur district of Tamilnadu. - Plant and machinery was procured on a turn-key basis from KCP, Ltd. devil DG sets of 320 KVA each were also installed to meet any contingencies. 1988 - 6,00,000 incentive shares issued in prop 1:1. 1989 - The Company privately move 15,000-14% non-convertible debentures of Rs 1000 each with UTI and SBI Mutual Fund. The debentures are redeemable in three instalment beginning at the end of sixth year from the date of allotment with a premium of 5% to be paid with the IInd instalment.

- 45,00,000 Bonus equity shares issued in prop. 15:4, 14,25,000 shares were then issued at a premium of Rs 15 per share of which two blocks of 46,875 shares each were reserved and allotted to UTI and SBI Mutual Fund. 71,250 shares were offered on a preferential basis to employees (including Indian working directors/workers) of the Company. barely 11,400 shares taken up. The balance 12,60,000 shares, along with the unsubscribed portion of 59,850 shares of employees quota, were offered for public subscription during July, 1990. supernumerary 2,13,750 shares were allotted to the public to retain over-subscription. 1990 - The Company decided to inaugurate into new lines of business viz.,... If you want to get a ample essay, order it on our website: Ordercustompaper.com

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