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Vadilal Industries
BSE: 519156|NSE: VADILALIND|ISIN: INE694D01016|SECTOR: Food Processing
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Company History - Vadilal Industries
YEAR                       EVENTS
 1961 - Vadilal Icecream Pvt. Ltd. was Incorporated on 12th June, to
        carry on the business of manufacture of ice cream candy.
 
 1982 - The Company was incorporated in the name of Vadilal Oxygen
 Pvt.
        Ltd., on 28th April to carry on the business of purification
 and
        refilling of oxygen gas and selling the same.  The Company's
        objects in Processing of frozen fruits and vegetables and
        manufacture of ice cream.
 
 1985 - The Company was amalgamated with Vadilal Oxygen Pvt. Ltd.
        effective 1st July.
 
      - The company issued 3,00,000 - 14% secured redeemable
 convertible
        debentures of Rs.130 each as follows.
 
      - (i) 30,000 Debentures to UTI,
 
      - (ii) 15,000 debentures to Employees.
 
      - Balance 2,25,000 Debentures along with 1,15,550 debentures not
 
        taken up under preferential quota was issued to the public.
        Additional 45,125 debentures were allotted to retain over
        subscription.
 
      - Part A of Rs.100 of each debenture was to be converted into 4
 
        equity shares of Rs.10 each at a premium of Rs.15 per share
 on
        the date of allotment of debentures.  Accordingly 13,80,500 
        shares were allotted.
 
      - Part B of Rs.30 of each debenture was to be redeemed on three
        full instalments of Rs.10 each at the end of 7th, 8th and 9th
 
        year respectively from the date of allotment of debentures.
 
 1989 - Name of the Company was subsequently changed to Vadilal 
        Industries Pvt. Ltd. and it became a Public Ltd., company
 from
        4th August.  It was promoted by Ramchandra R. Gandhi and 
        Laxmanbhai R. Gandhi.
 
 1991 - The processed foods and frozen vegetable division commenced 
        activities in May.
 
      - The products such as canned/frozen tropical fruit juices and
 pulp
        canned/frozen vegetables are mainly exported.  The
 commodities
        division comprises HPS groundnuts, soyabean extraction,
 sesame
        seeds, non-basmati rice etc.
 
 1993 - The ice-cream division had introduced 300 flavours in 600 
        different packs.  The company entered into a marketing 
        arrangement with a leading Company in U.P. to manufacture and
 
        sell the products under the brand name and as per the quality
        stipulated.  Similar arrangements are to be entered into with
        Companies in Tamil Nadu, Punjab, M.P., W.Bengal.
 
      - In future, it was proposed to include extruded products,
 frozen 
        desserts, low priced varieties like milk, lollies, mini milk 
        fingers, fruit based ice creams etc.  
 
      - The Company proposed to manufacture concentrated fruit
 juices/
        pulps aseptically packed with an annual capacity of 16,200
 TPA.
        Also frozen dessert an item containing vegetable fat and in
 low
        cholesterol was to be manufactured in novelty shapes and bulk
 
        packs in various flavours.
 
      - 2,46,500 No. of equity shares of Rs.10 each, issued,
 subscribed
        and paid up.   15,53,000 bonus equity shares issued in prop.
        3107:493 shares held on 25th November 1989.  13,80,500 shares
        allotted in part conversion of 14% second redeemable partly
        convertible debentures.
 
 1994 - Exports of agricultural commodities such as HPS, soyabean
 natural
        and hulled sesame seeds and also vegetable and fruit pulps
 rose
        by 61% to Rs.18.46 crores when compared on an annualised
 basis
        and the overeall working was reported to be satisfactory.
 
      - The company launched low fat calory ice-cream `Vadilal Lite'
 in
        different flavours manufactured at Ahmedabad, Gujarat.
 
      - The Company undertook to install new machineries for IQF
 project
        (for manufacturing frozen vegetables and fruits) at
 Dharampur,
        Dist. Valsad, Gujarat.  
 
      - The Company launched mango pulp, mixed fruit and pineapple
 jam,
        tomato ketchup sauce, sweet corn soup (cream style) and baked
        beans.
 
      - The Company installed wind farm unit with total capacity of
 1.28
        MW consisting of 4 Wind Turbine Generators (WTG) of 320 KW
 each
        and 400 KVA transformer at village Lamba, Dist. Jamnagar,
        Gujarat.
 
      - During July, the company issued 15,00,000 No. of equity shares
 of 
        Rs.10 each at a prem. of Rs.42.50 per share to promoter group
        of companies.
 
      - On 23rd July, the company allotted 20,00,000 No. of equity
 shares
        of Rs.10 each at a premium of Rs.37.50 per share to promoters
 on
        private placement basis.
 
 1995 - The Company was on the look out for a foreign collaboration.
 
      - Additional WTGs of 320 KW each was installed at village
 Bhogat,
        Dist. Jamnagar, Gujarat.
 
      - The company received necessary permission for developing 
        commercial building project name `Mahalay' off C.G. Road, 
        Navrangpura, Ahmedabad at a cost of Rs.9 crores.  
   
 1996 - The company has installed IQF facilities at Dharampur plant at
 a
        total cost of Rs.6 crores by using fluidised bed-belt type 
        continuous freezing technology imported from U.K. with a
 capacity
        of process 2 MT of fruits and vegetables per hour.  
         
      - The Company has launched Manga/Pulp/Ral, frozen green peas
 into
        domestic market.
 
 2001
 
 -Vadilal launches branded frozen foods in US.
 
 2006
 
 -The Company recommended dividend of Re 1/- per share (i.e. @ 10%).
 
 2007
 
 -The Company recommended dividend of Re 1.20 per Share (i.e. @ 12%)
 on Equity Shares of Rs 10/ each.
 
 -The Company has created an E-mail ID - shareslogs@vadilalgroup.com
 exclusively for the purpose of registering complaints with the
 Company by the Investors and for taking necessary follow-up action.
 
 2008
 
 -The Company has recommended a dividend of Rs 1.20 per share (i.e. @
 12%)
 
 2010
 
 -The Company recommended dividend of Re. 1.50 per Share (i.e. @
 15%).
 
 2011
 
 -Vadilal takes 'Badabite' of ice cream market.
 
 -Vadilal at top with 50% share in Rajasthan.
 
 -Vadilal's ready-to-eat snacks lure Indian consumers.
 
 -Vadilal - only branded player in 'Aamras'.
 
 2012
 
 -The Company forayed into the country’s flavored milk market
 with its new ‘Power Sip’ under the Vadilal Quick Treat
 umbrella brand. 
 
 -The Company recommended a Dividend of Rs. 1.50 per Share (i.e.
 @15%). 
  
 
Source : Dion Global Solutions Limited
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