YEAR EVENTS
1936 - The Company was incorporated as a Private Limited Company on
29th
June. The Company became a deemed Public Limited Company
since
1975 and became a Public Limited Company on July 28, 1989.
- The company was promoted by the late Raghbir Singh
Sandhanwalia
and his associates. The main object of the company
manufacture
of sugar.
- It was proposed to merge the operations of Simbhaoli
Industries
Pvt. Ltd. (SIPL) with the company. SIPL is manufacturing
alcohol
with licensed capacity of 13,360 thousand kilo litres per
annum.
- 1,200 shares issued as bonus shares in prop. 1:1 in 1980-81.
1984 - The quantity of sugar cane crushed and the recovery were low
due
to drought and severe frost. As a part of the capital
programme,
a high pressure lipi boiler was commissioned during the year.
1985 - The plant operations were adversely affected due to a strike
by
cane growers in the west U.P. region, large diversion of
sugarcane to khandsari and gur manufactures and low yield of
sugar cane in the fields owing to severe pyrilla attack on
the
crop in the previous year.
- After successful completion of the capital programme, the
company
took up a modernisation programme involving mainly the
installation of a Buckau Wolf milling tandem of modern design
in
place of the existing Stork Workspoor milling tandem.
- 2,400 bonus shares issued in prop. 1:1.
1987 - The plant operations were adversely affected due to
unfavourable
climatic conditions which affected the sugar crop in the
Western
Zone of Uttar Pradesh.
- The Company embarked upon an expansion programme for
increasing
the sugarcane crushing capacity from 2,750 tonnes per day to
5,000 tonnes per day. The programme also involved
addition/replacement of equipment/builders, construction of
sugar
godown, expansion of boiler house, power house and
underground
and overhead water tanks and improvement in the effluent
disposal
scheme.
- 4,800 bonus shares issued in prop. 1:1.
1989 - The recovery rate was also lower due to early start of the
crushing season in the month of October.
- Equity shares sub-divided. 14,40,000 bonus shares issued
(pro.
3:2) in Jan. 1990. 6,00,000 No. of equity shares issued
(prem.
Rs. 10 of which 30,000 shares offered to employees/workers of
the
Company (only 20,800 shares taken up). The remaining
5,70,000
shares alongwith 9,200 shares not taken up by employees were
offered to the public in November. Additional 90,000 shares
allotted to retain oversubscription.
1990 - Some of the fixed assets, namely, land, buildings, railway
siding
and plant and machinery were revalued as at 31st March.
1991 - Crushing capacity of 5000 tpd was achieved. The performance
of
the plant was satisfactory except for frequent breakdown of
certain power generation equipments.
1993 - Performance of the sugar and distillery divisions were
reported
to be satisfactory. Certain new brands launched by the
distillery division was well received in the market.
1994 - A net 4500 litres per day distillation plant was commissioned
in
its distillery division.
- In the distillery division, the Company undertook to set up a
net
efficient treatment plant for maximising the bio gas
productivity
at expanded capacity. A new boiler was also being
commissioned
for meeting the stream requirement.
1995 - During the year, the project for the establishment of a new
distillery for manufacture of 45000 LPD of industrial alcohol
and
20,000 LPD of extra neutral alcohol was in progress. It was
to
be eligible for 100% free sale sugar for the first nine years
of
its operation.
- In addition, a high pressure boiler and 12 MW power turbine
were
being set up at Simbhaoli. A total of 5 MW 1 hour power was
to
be available as surplus from the system which was to be
offered
to UP State Electricity Board.
2004
-Simbhaoli Sugar Mills starts manufacture of Ethanol
2006
-Simbhaoli Sugars commissions Greenfield sugar unit at Brijnathpur.
2007
- Simbhaoli Sugars Limited has informed that Mr. Kamal Samtani has
been elevated to the position of Company Secretary of the Company and
shall continue to be the compliance officer. The contact particulars
are as follows: 1) Name: Kamal Samtani, Company Secretary, 2) Email:
kamal@simbhaolisugars.com; samtanikamal@gmail.com.
-Simbhaoli Sugars Ltd has re-designated Mr. Sanjay Tapriya as
Director (Finance) of the Company.
2010
- Simbhaoli Sugars Ltd has appointed Mr. B. K. Goswami as an
additional director on the Board of the Company by way of resolution
passed through circulation on June 11, 2010 by the Board of directors
of the Company. |