Ugar Sugar Works

YEAR                       EVENTS
 1939 - The Company was Incorporated on 11th September, at Sangli, 
        Maharashtra.  The Company's object is to manufacture white
        crystal sugar by double sulphitation process.
 
 1945 - 4,660 Right equity shares offered at par (prop. 9:20) 1,208 
        shares not taken up by members allotted otherwise.
 
 1951 - 7,500 bonus equity shares issued in prop. 1:2.  7,500 shares
        offered to the public.
 
 1961 - 10,000 right equity shares offered at par in the prop. 1:3.
 
 1966 - On 1st July, 13,600 No. of equity shares issued against 
        cancellation of pref. shares (prop. 40:1).
 
      - Issued 10,652 bonus shares in prop. 1:5; and 20,168 right
 shares
        at par in the prop. 1:3.
 
 1973 - 16,816 bonus equity shares issued in the prop. 1:5.
 
 1986 - The Company received a letter of intent for expansion of
 capacity
        to 5,000 TCD. 
 
 1987 - A licence was received for the manufacture and supply of
 bottled
        arrack in Raichur district.  In order to avoid the cost of
        transportation, a small unit for bottling arrack was set up
 and
        commissioned by June 1988 at Kushtagi in the same district.
 
      - 99,104 No. of equity shares issued at par on rights basis. 
 Only
        59,780 shares taken up.  The unsubscribed 39,324 shares
 disposed
        of by private placement (only 26,444 shares taken up) by end
 of
        September 1988.
 
 1988 - The balance 12,880 shares out of private placement quota
 taken
        up.
 
 1990 - The letter of intent to increase the crushing capacity to
 5000
        TCD was converted into an industrial licence on 2nd May.  The
        company proposed to increase the crushing capacity from 5000
 TCD
        to 7500 TCD.  The period of licence for manufacture and
 bottling
        of arrack at Kushtagi had expired on 30th June, 1992, and 
        therefore, the company cannot carry out the arrack
 manufacturing
        and bottling activity there.  
 
      - The Company proposed to lease out the unit on reasonable rent.
  A
        proposal to this effect was already in hand.
 
 2005
 
 -Delist securities from the Pune Stock Exchange Ltd (PSE) w.e.f. June
 16, 2005.