M/s Kilitch Drugs (India) ltd was incorporated on 12th May, 1992 with
the Registrar of Companies, Maharashtra at Bombay as a public limited
company and obtained certificate for commencement of business dated
26-05-92. The company went Public in February 1994 for setting up a
pharmaceutical formulation plant to manufacture pharmaceutical
products in the form of tablets, capsules, liquid orals, ointments,
creams and injectables. The company could not commence its
manufacturing activities as planned in the Public Issue on account of
delay in completion of building. Till date, the company has not
commenced any manufacturing activities. The land and building is now
completed and in order to have the benefit of its capacity, the
company is planning this rights issue for expanding its injectable
capacity from 30,000 ltrs. to 75,000 Itrs.
Due to delay in implementation of project, the company could not come
out with its own production till date and therefore the company is
presently trading in pharmaceutical formulations like tablets,
capsules, liquid orals, ointments, creams and injectables. The
trading turnover of the company for the year 1994-95 was Rs.550.50
-Board recommends final dividend of 10%.
-The Company got a GOLD AWARD for Quality Excellence.
-Listing of Equity Shares at NSE.