1990 - The company was incorporated and its main line of business was
1994 - The company had entered into an MOU with ICD group BV of
Netherlands. As per the agreement, ICD would purchase 36 tonnes a
year of mebadazole and 12 tonnes of atenolol for a period of five
years from the company.
1998 - The company was turned sick and was registered with BIFR.
2003 The board of the company had approved to convert the unsecured
loans of Rs 2 crore into 20 lakh equity shares of Rs 10 each.
- The board had also proposed to increase the authorized capital to
Rs 8 crore from the existing level of Rs 6 crore.
2006 - Mr. Y Ramachandra Reddy (joint managing director), Mr. E Rama
Subba Reddy (director) and Mr. G Chandramoulieswar Reddy (director)
had resigned from the board of directors of the company.
2007 - Board of directors of the company on 4th April had passed the
resolution to extend the financial year of the company to 15 months.
2008 - The Board of the company had appointed Mr. MG Naidu as
independent director of the company.