Alpine Industries Ltd.

YEAR                       EVENTS
 1974 - The company originally was incorporated as a public limited
        company on 27th November, under the name of Alpine Malt &
        Breweries Ltd.  Subsequently the company was converted into a
        private limited company and the name was changed to Alpine
 Solvex
        Pvt. Ltd. on 23rd August, 1980.  It was again converted into
 a
        public limited company on 20th August, 1985.   Alpine Solvex
 was
        promoted by the Bhandari group of Indore.  The main object of
 the
        company is Extraction of soyabean oil, soyabean meal etc.  
 
      - The company had plans in hand to increase the installed
 capacity
        of the soyabean extraction plant from 100 tonnes to 200
 tonnes
        per day.
 
 1985 - 7,10,000 No. of equity shares issued at par out of which
 2,80,000
        shares were reserved and allotted.  The balance 4,30,000
 shares
        were offered for public subscription during October.
 
 1986 - The company installed machines with a view to increase the
        solvent extraction capacity from 30,000 tonnes to 75,000
 tonnes
        per annum.
 
 1987 - In order to meet the cost of the expansion and
 diversification
        projects taken up, the Company issued 2,00,000-13.5% secured
        fully convertible debentures of Rs. 100 each during January. 
 The
        debentures were to be allotted on the following basis:
 
      - (i) 1,97,000 debentures to the equity shareholders of the
 company
        as rights in the proportion of 1 debenture for every 5 equity
        shares held, 
 
      - (ii) 3,000 debentures to the preference shareholders in the
 ratio
        of 2 debentures for each preference share held.
 
      - Only 77,999 debentures taken up by both equity shareholders
 and
        preference shareholders.  Out of the unsubscribed portion,
 20,470
        debentures were allotted on private placement basis and the
        remaining 1,01,531 debentures remained unallotted.
 
      - Another 10,000-13.5% convertible debentures were offered to
 the
        employees (including working directors) on an equitable basis.
 
        None were taken up and all of them were allowed to lapse.
 
      - The debentures are automatically and compuslorily convertible
        into equity shares at par, in two stages.  In the first stage,
 4
        equity shares were to be allotted on conversion of a portion
 of
        Rs. 40 of each debenture and in the second stage, the
 remaining
        portion of Rs. 60 was to be converted into 6 equity shares. 
 The
        first conversion took place on 11th January, 1988 and
 3,93,876
        No. of equity shares were allotted.  The second conversion
 took
        place on the expiry of 18 months from the date of allotment
 of
        the debentures and 5,90,814 No. of equity shares were
 allotted.
 
 1989 - 9,84,690 No. of equity shares allotted at par in conversion
 of
        13.5% debentures.
 
 1990 - 9,84,845 Rights equity shares allotted in prop. 1:2 on 26th
        December.
 
 1992 - 22,69,644 No. of equity shares allotted (Prem. Rs. 20 per
 share)
        in conversion of 15% fully convertible debs.
 
 1993 - The company also undertook to instal a soyabean solvent
        extraction plant with a capacity of 1,50,000 tonnes per annum
        which was expected to go into production in October.
 
      - Soyabean processing capacity was increased from 2,10,000 TPA
 to
        4,50,000 TPA for production of high quality soya meal.  Also
        undertook to set up a vegetable oil refinery of 100 TPD
 Capacity
        and edible soya flour plant with 200 TPA capacity.
 
 1994 - Necessary approvals were obtained from authorities for setting
 up
        a wholly owned subsidiary under the name of Alphine Solvex
        Overseas Ltd., in Cyprus with a view to promote exports from
        India and to carry on trading activities in India.
 
      - The company along with an associate company promoted a new
        Company Alpine Biotech Ltd. for the purpose of setting up a
 100%
        EOU mushroom project at Dewas, M.P. with an installed capacity
 of
        3600 TPA in technical collaboration with M/s. Dalsem Vaciap,
        Holland.
 
      - 52,24,179 Rights equity shares issued (Prem. Rs. 30, Propn.
 1:1).
 
 
 2004
 
 -Alpine unveils CDA W560E