Sakthi Sugars

YEAR                       EVENTS
 1961 - The company was incorporated in 1961 at Pollachi, Tamil Nadu
 and
        it manufactures Sugar and Spirit.  The sugar is produced by
 the
        double sulphitation process.
 
 1965 - The company set up the Hybrid Seed Department, in order to
        develop seed cultivation and also to introduce high yielding
        varieties and hybrid seeds such as hybrid sorghum, bajra and
        maiza.
 
      - The Hybrid Seed Department entered into contracts with
 various
        ryots.  The Company also set up its machanised seed
 processing
        equipment in Arasur Village, Coimbatore, to process the seeds
        obtained from ryots.
 
 1974 - A neutral alcohol plant to produce 550 gallons per day and an
        absolute alcohol plant with a capacity of 100 gallons per day
        were erected as part of the distillery. 
 
 1977 - Rate of dividend on 18,000-9.3% pref. shares raised to 11%
 from
        12th October, and redemption date extended to 11th October
        1985/87.
 
 1978 - 5,00,000 No. of equity shares issued privately.  Only
 4,00,000
        shares taken up.
 
 1979 - 61,940 more equity shares out of the 1978-79 issue taken up.
 
 1980 - 38,000 more equity shares taken up.
 
 1981 - 18,43,180 Rights Equity shares issued at par.
 
 1982 - A special programme for cotton seed production was carried out
 by 
        this department on behalf of the Govt. of Maharashtra.
 
 1984 - The Company entered into a technical collaboration agreement
 with
        M/s. Societe Generals Pour Les Techniques Nouvelles (SGN) of
        France for treatment of distillery effluent.
 
      - An agreement was entered into with M/s. B.S. Smogles SpA,
 Italy
        for the manufacture of random PVC Corrugated rings for
 effluent
        treatment.
 
 1985 - The distillery worked only for 250 days and there was a
 further
        decline in alcohol production.
 
      - The Company applied to the Central Govt. for a licence to set
 up
        a sugar factory at Sivaganga in Pasumpon Muthuramalingam
 district
        of Tamil Nadu, a centrally declared backward area, but
 abundant
        in sugar cane.
 
 1986 - The Company received a letter of intent for setting up the
        Sugar Factory at Siyaganan, with a capacity of 2,500 TCD.
 
      - The Company undertook to raise the cane area from 4,850
 hectares
        to 10,000 hectares by various cane development programme.
 
 1987 - The performance of the foundry was affected by the labour
 unrest
        for nearly two months in May/June, 1988, besides heavy power
 cut
        during the period.
 
      - 6,000-11% Pref. shares redeemed on 11th October.  23,13,640
 No.
        of Equity shares at par (prop. 5:8) and 1,37,272 Pref. shares
 at
        par (prop. 2 Pref. : 50 Equity) were issued as rights in Feb.
 
        1989.  1,15,680 No. of equity shares issued to employees.  All
 
        shares taken up.
 
 1988 - The effluent treatment plant in the Distillery unit of the
        Company was commissioned on 19th August.  The foreign
        collaborators offered the Company the entire territory in the
        country for marketing their know-how and technology.  Approval
 of
        the Central Govt. in this connection was awaited.
 
 1989 - The Pollution Control Division installed effluent treatment
        plants in 1/2 distilleries.  Further, PVC corrugated rings
 and
        engineering details were supplied to one distillery in
 Punjab.
 
      - The Company commenced marketing drugs, pharmaceuticals and
 allied
        products as a part of its diversification programme.
 
 1990 - Three more effluent treatment plants were installed in 3
        distilleries.
 
      - The Company tookover on management basis for a period of 10
        years, the co-operative sugar factory at Barambagarh post,
 Cuttak
        district in Orissa having a cane crushing capacity of 1250
 TCD.
        Steps were being taken to start the mill by the middle of
        December, 1991.
 
      - The company revalued its lands other than at Aivaganga Sugar
        unit and Foundry unit as on 31st March at the Guidelines
 values
        for registration.  The net increase of Rs 9,94,000 arising
 out
        of revaluation was credited to capital reserve.
 
 1991 - The foundary division was indentified by Maruti Udyog Ltd., as
 a
        potential source for export quality components needed by
 their
        export oriented YE2 model vehicles.
 
      - The Company proposed to set up a soya bean project in the
        Sakthinagar Complex for extraction of edible oil and
 manufacture
        of edible preparation and animal feed stock.
 
      - Four more effluent treatment plants were being set up during
 the
        year.  A pilot plant was also being set up in-house for the
        secondary treatment of distillery effluent.  Two more
 effluent
        treatment plants were installed in other distilleries.  Five
 more
        plants were under execution.
 
      - Merger of Sakthi Soya Ltd. with the company, the soya
 division
        merged with broadly diversified ranged of products.
 
      - 16,32,000 No. of equity shares were allotted to erstwhile
        shareholders Sakthi Sugar Ltd.
 
      - The Company received a letter of intent to set up a Sugar Unit
 of
        2,500 TCD capacity and a Distillery unit of 10,000 kilo
 litres
        per annum capacity at Dhankanal in Orissa.  Effective steps
 were
        taken to implement the project.  Molasses, the by-product of
 both
        the Sugar units of Orissa were to be the raw material for the
        unit.  Also, the units multifuel boilers could be run with
 coal
        and baggasse thus saved was to be used as a raw material for
 the
        paper industry to be put up in future.
 
      - The Company privately placed with Citibank N.A. 20,00,000-14%
        secured redeemable non-convertible debentures (IIIrd series)
 of
        Rs 100 each to part finance the cost of the new sugar project
 at
        Dhenkanal, Orissa.
 
      - The Company issued 4,00,000-14% secured redeemable
        non-convertible bedentures of Rs 100 each (Series II) on
 private
        placement basis to Canara Bank, Trustee-Canbank Mutual Fund.
        These are redeemable at a premium of 5% in three equal
        instalments at the end of 6th, 7th, 8th years from the date
 of
        allotment i.e. 13.12.1991.
 
 1992 - During October-November, the Company offered 42,80,970 No. of
        equity shares of Rs 10 each at a premium of Rs 35 per share
 on
        Rights basis in the proportion 7:10 (All were taken up).
 
      - Another 2,14,049 No. of equity shares of Rs 10 each were
 offered
        to the employees' at a premium of Rs 35 per share on an
 equitable
        basis.  (only 98,200 shares taken up).  Unsubscribed portion
 was
        allowed to lapse.
 
 1994 - The Company undertook to set up a new distillery with a
        production capacity of 30,000 litres of alcohol per day
 adjacent
        to the sugar factory in Dhentana district, Orissa.  The
        distillery unit suspended its operation from 1st February
 1998
        pursuant to the order of the Supreme Court on pollution
 matter.
 
      - The Company proposed to enhance the capacity of the foundry
        division to 24000 TPA from 3600 TPA.
 
      - The Company entered into a technical collaboration agreement
 with
        M/s. George Fischer Foundry System Ltd., Switzerland for
 supply
        of their State-of-the-art-technology.
 
      - 43,79,176 No. of equity shares allotted as Rights.  3,00,000
        pref. shares allotted in 17th December.  50,000 Pref. shares
        allotted in 4th February.
 
 1995 - 16,32,000 No. of equity shares allotted on amalgamation of
        Sakthi Soya Ltd. 15,05,210 No. of equity shares allotted to
 FIs
        on conversion of term loan.
 
 1997 - 4,00,000 pref. shares issued.
 
      - The pollution control division of Sakthi Sugars Ltd. has
        entered into an agreement with Eastern Chemical Company Ltd.
 of
        Japan to offer total consultancy for setting up a
        bio-methanisation plant for their distillery at Chonburu,
        Thailand.
 
      - Sakthi Sugars is keen to target auto majors setting up shop
 in
        the country, especially in the South.
 
 1998 - Pollution Control Division has effectively put into use the
        know-how obtained from foreign collaborators for setting up
        effluent treatment plants in various distilleries.
 
      - The Company are glad to mention that Foundary Unit has been
        awarded Quality System ISO 9002 Certification.  Further the
        Foundry Unit has received Vendor Performance Award from
 Maruti
        Udyog Ltd.
 
 1999 - The company 20,44,800 No. of equity shares of Rs. 10 each at
 par
        and to appoint ICICI Securities and Finance Co. Ltd as the
        manager to the issue.
 
      - Tamil Nadu Newsprint and Papers Ltd. is on the verge of
        finalising a long-term agreement with the Coimbatore-based
        Sakthi Sugars for the supply of bagasse.
 
      - The company entered into a joint venture with Case Austoft
        Industries, Queensland, in designing the package of
 implements
        for the mechanisation programme.
 
 2000 - The Company proposes to hive off its soya division as a
              wholly owned subsidiary, according to a notification
 from the
              Madras Stock Exchange.
 
           - The Company Issue of 1,41,00,000 No. of Equity shares on
 private
              placement basis to the promoter's and/or to companies
 belonging
              to promoter's group or such other person(s) intending
 to
             subscribe for the equity shares of the company.
 
           - The Foundry Division has been hived-off to Sakthi Auto
 Component,
              which is a wholly-owned subsidiary of the company.
 2004
 
 -ABT Ltd. reduces its stake in the company from 11,857,600 equity
 shares to 8,357,600 equity shares
 
 -Grantham A/c GMO Emerging Markets Fund acquires 1,025,000 shares of
 Sakthi Sugars Ltd. amounting to 3.70% of the total capital of the
 company
 
 -ABT Ltd. sells 300,000 shares of the company, stake comes down to
 80,57,600 equity shares
 
 2007
 
 - Sakthi Sugars Ltd has appointed Sri. K V Ramaswamy as Additional
 Director on the Board of Directors of the Company.