1933 - The Company was incorporated in April at Chennai. The main
object of the company is to manufacture sugar, syrup,
spirit, French polish, etc.
- The Company had three divisions, namely, sugar division,
distillery division and paper and board division.
1946 - 60,000 Right Equity shares issued at a premium of Rs.5 per
1954 - Authorised capital increased. 1,60,000 Bonus Equity shares
in proportion of 1:1.
1955 - 4,771 Preference shares issued at par in the proportion of
pref. or 70 No. of Equity.
1956 - In this year, 3,20,000 Right Equity shares issued (Prem. 50
per share: prop. 1:1). 5,000 Pref. shares issued to Equity
holders. 235 No. of Equity shares forfeited.
1966 - 9,000 Pref. shares issued at par.
1968 - The company started the production of Indian made foreign
1971 - 1,60,000 No. of Equity shares issued.
1972 - The Company acquired the business related assets and
of Thungabadra Pulp and Board Mills, Ltd. on 30th June.
1976 - 1,00,000 No. of Equity shares issued at par of which 67,282
shares allotted to Yashodhan Industrial Investment Co.
Ltd. (formerly Salar Jung Sugar Mills Ltd.) without payment
cash. 501 shares allotted to members.
- Subject to necessary approvals being obtained, the Company
proposed to issue 14,350-14% cumulative redeemable preference
shares of Rs 100 each in lieu of 11,000-9.5% cumulative
preference shares of Rs 100 each which are redeemable at any
before 14th June, 1993.
1978 - Due to adverse factors like competitive conditions, loss of
production and high cost of production, Thungabadra Pulp and
Board Mills, Ltd. was stopped since October/November.
1982 - The sugar division which remained as the only working
consisted of a factory at Hospet.
- Dividend on 9,000 pref. shares increased from 941 to 1342
effective from 1st of August and redemption date extended to
1st of August 1987.
1989 - 9,000-13.5% Preference shares redeemed.