1992 - The Company was incorporated as a Public Limited Company on
in the State of Maharashtra. It obtained the
certificate of commencement of business
on 16th November.
- IT has more specifically acquired irrevocable long term
licences on lands, tied-up
technology and buy-back agreements with world leaders in
Horticulture and Fruit
Processing and part implemented its projects. It has
also achieved commercial
production of Strawberries, exported Grapes to U.K.,
Germany, Dubai and Kuwait,
and acquired a large scale high value teak and rosewood
plantation project in
District Raigad, Maharashtra State.
1994 - The Company has acquired additional land necessary for the
purpose of the expansion
phase in respect of grape cultivation.
- The Company has entered into a technical collaboration
with M/s. Impianti Brevitti Servizi
S.R.L. which is a part of the Enrico Giotto Group of
1996 - The Company obtained permission to set up a wholly owned
subsidiary at Jabel Ali free
trade zone in Dubai. The project is to set up a fruit
processing plant and marketing the
produce in the GCC countries.
- The Company launched the products of its food processing
unit under the brand name
of 'Hollywood Delight'.
1998 - During the year under review NAVDHARA FINANCE & INVESTMENTS
has ceased to be a wholly owned subsidiary of the
1999 - The Company had entered into Joint Venture Agreement with
M.M.T.C. Limited on 25th August
1994 for the period of 5 years which has expired on 24th
2000 - The ompany has appointed Big Share Services Pvt. Ltd. as its
demat transfer agent.
The Company has also entered into a tripartite agreement
2001 - The Company has informed that its appal against the Board for
Financial Reconstruction's order filed with the
Appellate Authority for Industrial
and Financial Reconstruction, has been dismissed.