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Khoday India
BSE: 507435|ISIN: INE687B01014|SECTOR: Breweries & Distilleries
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Company History - Khoday India
YEAR                       EVENTS
 1965 - The Company was Incorporated as a private limited company on
        September 28.  It became a deemed public limited company
 under
        Section 43A of the Act and the Certificate of Incorporation
 was
        amended to this effect by the Registrar of Companies,
 Karnataka
        on 22nd October, 1980.  The Company was promoted by the House
        of Khodays who are one of the leading and reputed Industrial
        Groups in South India.
 
      - The Company's object is to manufacture Indian Made Foreign
        Liquors (IMFLs); electronic items, engineering items and
        fabrication of plant and machinery for distilleries,
 breweries,
        pharmaceuticals and dairies; sugar and polyester fibre.  The
        Company also undertakes civil construction work.
 
      - The Company is engaged in the manufacture of Indian Made
 Foreign
        Liquors such as Malt Whisky, Gin, Brandy and Rum.  It
        successfully erected and commissioned a distillery at
 Bangalore.
        
 1967 - It introduced the `Red Knight Malt Whisky' bringing to the
 Indian
        consumer for the first time a liquor comparable to
 international
        standards.
 
 1969 - The prestigious Peter Scot Malt Whisky was introduced, which
        was also well received in the market.  The Company has since
        then introduced several other brands of whisky like `Prince
        Phillips' and `Democrat'.
 
      - The Company also manufactures and markets Rum under the brand
        names of `Hercules XXX' and `Sea Pirate XXX' and brandy under
 the
        brand names of `Constantino' and `Honeywell'.
 
      - The Company has diversified its activities by setting up 
        Engineering Division and Electronics Division.  The
 engineering
        Division is involved in the manufacture of product
 engineering
        items and fabrication of plant and machinery for
 distilleries,
        breweries, pharmaceuticals and dairies and also civil
        construction activity.  The Electronic Division is engaged in
 the
        manufacture of equipment for geo-physical investigations.
 
      - The Company had taken up an expansion of its sugarcane
 crushing
        capacity which was in progress during 1991-92 despite some
        setbacks.
 
      - The Company markets its products through a network of 
        distributors all over the country and sales depots at Delhi, 
        Jaipur and Ghaziabad.  Supplies to Defence Ministry, which 
        account for a major portion of the Company's annual turnover,
 is
        made directly by the company.
 
 1985 - Equity shares of Rs.1000 each were sub-divided into shares of
        Rs.10 each on 30.11.1985.  1,00,000 rights shares issued at
 par
        in prop. 2:1 on 29.1.1986.  34,50,000 bonus shares issued in 
        prop. 23:1 on 5.6.1986.
 
 1986 - During July, the company issued 24,00,000 No. of equity shares
 at
        a prem. of Rs.10 per share linked to 4,80,000 - 15% 
        non-convertible debentures of Rs.100 each (prop. 20 debentures
 to
        100 equity) out of which the following shares and debentures
        were reserved and allotted on a pref. basis:
 
      - (i) 1,20,000 No. of equity shares linked to 24,000 debentures
 to
        employees (including working Indian directors)/workers of the
        company and employees of associate companies;
 
      - (ii) 48,000 No. of equity shares linked to 9,600 debentures
 to
        business associates of the Company and
  
      - (iii) 9,60,000 No. of equity shares linked to 1,92,000
 debentures
        to non-resident Indians on repatriation basis.  The balance
        12,72,000 No. of equity shares linked to 2,54,400 debentures
        were offered for public subscription during July-August.
 
      - These debentures are redeemable at par in two equal
 instalments
        at the end of 7th and 8th year from the date of allotment.
 
      - The objects of the public issue of shares and debentures
 during
        July were:
 
      - (i) to meet the requirements of long term funds for capital
        expenditure schemes and working capital and
    
      - (ii) to get the company's shares listed on recognised stock
        exchanges.
 
      - 24,00,000 shares issued at a prem. of Rs.10 per share linked
 to
        debentures out of which the following shares linked to
 debentures
        were reserved and allotted on pref. basis:
 
      - (i) 1,20,000 shares to employees (including working Indian 
        directors)/workers of the Company and employees of associate
        companies;
 
      - (ii) 48,000 shares to business associates of the company and
  
 1989 - 30,00,000 Bonus shares issued in prop. 1:2.
 
 1992 - The name of the company was changed from Khoday Distilleries
 Ltd,
        to Khoday India Ltd. effective from 14th February.
 
 1994 - The Company considered rights issue of fully convertible 
        debentures in the ratio of one debenture for every two shares
        held.
 
 1995 - 44,57,000 No. of equity shares of Rs.10 each issued at a
 prem.
        of Rs.20.70 per share to promoters, directors etc. on pref.
        basis.
 
 2000 - The Company has decided, subject to necessary approvals, for
        amalgamation of Manaylux Papers and Boards Pvt. Ltd. with the
        company.  One equity share of the company will be allotted
 for
        every eleven eequity shares of MPBPL held.
 
 2001 - Khoday India Ltd has decided to buy back 25 per cent of its
 paid-up equity 
            during the current financial year.
 
 2002-Khoday India Ltd has informed BSE that the following Directors
 have resigned from the Board of Directors of the Company with effect
 from March 30, 2002:Sri K R Nithyanand	Wholetime Director.Sri K H
 Gurunath wholetime Director. Sri K H Srinivas Director. Sri K P
 Ghanshyam Director. Sri K S Giridhar Director.
 
 2003
 -Khodayss Systems mearged with the Khoday India
 
 2005
 
 -The Hyderabad-based cash rich liquor distributor, Mr Harminder Singh
 Bagga, and his family, has signed a memorandum of understanding with
 the House of Khodays giving them the rights to use the liquor assets
 of Khodays on an 18-year lease.
 
 2007
 
 -Khoday India Ltd has appointed Mr. D V Tikekar as Additional
 Director of the Company in the Board Meeting held on January 31,
 2007.
 
 2008
 
 -Mr. Cherkady Sudhakara Shetty was appointed as an Independent
 Non-Executive Additional Director of the Company
 
Source : Dion Global Solutions Limited
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