Agro Dutch Industries Ltd.

YEAR                       EVENTS
 1992 - The company was incorporated as a Public Limited Company on
 29th
        May, in the name and style of Indo Dutch Foods Limited.
        Subsequently on 29th July, the name was changed to Agro Dutch
        Foods Limited.  The certificate of commencement of business
 was
        obtained on 24th August.
 
      - The Company has been promoted by Punjab Agro Industries
        Corporation Limited in the joint sector with Mr. Malvinder
 Singh
        Bhinder and his Associates.
 
      - The Company is engaged in the cultivation, processing and
 canning
        of fresh white button mushrooms under sterile conditions with
 an
        installed capacity of 5100 TPA.  The unit has been registered
        with the Government of India as a 100% Export Oriented Unit
 vide
        their letter dated 12th December 1991.
 
      - The company offered 7,80,000 No. of Equity  shares of Rs 10/-
 
        each for cash at par aggregating to Rs 78,00,000 on rights
 basis
        to the existing shareholders of the company, in the ratio of
 six
        equity shares for every hundred equity shares held.
 
 1993 - The Company had entered into an agreement on 7th March with
 M/s.
        Dalsem Veciap b.v., Netherlands for implementation of the
        original project.
 
      - The Company has 2 DG sets of 880 KVA and one DG Set of 6000
 KVA
        as standby arrangement.
 
 1994 - The Company has also received the approval from Government of
        India for expansion of the existing capacity from 4,000 TPA
 to
        15,000 TPA vide their letter No.PER:235 (1994)/EOB/213/94
 DATED
        12th July.  
 
      - The Company has neither faced any labour problems/closures
 nor
        have any mergers or reorganisations taken place since
        incorporation of the Company.
 
 1996 - The Company has entered into an agreement on 10th June with
        Industrial Development Bank of India for a term loan of Rs
 500
        lakhs.
 
      - The company is setting up the expansion project at the
 existing
        premises and would acquire additional land for warehouse
        purposes.
 
      - The Company has entered into a Legal Agreement with NOIDA
 Export
        Processing Zone, NOIDA and capital goods are being imported
 in
        accordance with the agreement.
 
 1998 - The International Mushroom Market witnessed a very sluggish
        period.  The price realisation fell southways adversely
 affecting
        the performance of mushroom industry in general.
 
      - The Company has installed power capacitors and centrifugal
        chillers which are saving around 20 percent of energy.
 
 1999 - The company raised its processing capacity to 8,577 tonnes by
        adding new growing rooms.
 
      - The company is engaged into manufacturing of canned and white
        button mushroom.  It has a technical collaboration with Dalsem
 of
        Holland besides Transchem and Agro Dutch, a number of other
        companies in this industry from India have similar tie ups
 with
        Dalsem.
 
      - Agro Dutch Foods, with a capacity of 10,200 tonnes per annum
        for mushroom cultivation, plans to expand its capacity to
        30,000 tpa over the next two years.
 
      - Agro Dutch Foods, a Chandigarh-based agro produce company,
 has
        reportedly signed an agreement with Unilever to sell
 mushrooms
        for the next three years.
 
 2000 - The Company to issue 10,00,000 No. of equity shares of Rs.
 10/-
        each at a premium of Rs. 140/- per shre on preferential basis
 to
        M/s. Kanan Foods Inc., USA an Overseas Corporate Body. 
 
 
      - The Board proposed to increase the authorised share capital
 of
        the company from Rs 16 crores to Rs 26 crores.
 
 2002-Agro Dutch Industries Ltd has informed BSE that Mr C
 Parthasarathy and Mr Dilsher Bhinder have resigned from the Board of
 Directors of the Company.Further, Mr Arvind Kalra has joined the
 Board of Directors of the Company as outside Professional Director.
 
 2003 -  Mr. Dilsher Bhinder, has been appointed as Additional
 Director of the Company.
 
 2005
 
 -Delist equity shares from Jaipur Stock Exchange, Madras Stock
 Exchange and Ludhiana Stock Exchange under voluntary delisting of
 SEBI Guidelines 2003.
 
 -Agro Dutch Industries Ltd Issues Rights in the Ratio of 1:1
 
 2008
 
 -Agro Dutch Industries Limited has appointed Mr. Vivek Atri as new
 Company Secretary and Compliance Officer.
 
 2010
 
 - Agro Dutch Industries Ltd has designated Mr. Vivek Atri as Chief
 Financial Officer (CFO) & CS of the Company.
 
 2012
 
 -Mr. Vivek Atri has been appointed as a Deputy Managing Director of
 the Company.
 
 -Mr. Harpreet Singh Nagra has been appointed as a Whole Time Director
 of the Company.
 
 2014
 
 -Mr. Malvinder Singh has been appointed as a Executive Chairman of
 the Company.