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Dharani Sugars and Chemicals

BSE: 507442|NSE: DHARSUGAR|ISIN: INE988C01014|SECTOR: Sugar
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Company History - Dharani Sugars and Chemicals
YEAR                       EVENTS
 1987 - The Company was incorporated on 4th June, in the State of
        Tamil Nadu and the Certificate of Commencement of Business
 was
        obtained on 24th August.  It was promoted by Dr. Palani G.
        Periasamy, a U.S. based non-resident Indian, R. Natarajan,
 Dr.
        C. K. Dheenan.
 
      - The Company has set up a plant with a capacity to crush 2500
        tonnes p.a. at Naranapuran Village, Sivagi Taluk, Nellai
        Kattabomman District, Tamil Nadu.  One more plant with a cane
        crushing capacity of 1250 TCD is situated at Orissa apart from
 a
        30 KLPD distillery at Dharani Nagar.
 
 1991 - In February the Company was invited by the Government of
 Orissa
        to revive and run the 1250 TCD Nayagarh plant under
 management
        contract for 12 years.
 
 1992 - The company is planning to expand the crushing capacity at
 Unit
        II in Nayagarh from 1250 TCD to 1700 TCD by balancing of
        equipments.
 
 1993 - The company has initiated steps to set up a 30 KLD distillery
        plant at Dharani Nagar in Tamil Nadu consequent to the
 decontrol
        of molasses.
 
 1994 - The performance of the company suffered a set-back as the
        availability of cane in the command area of both the units
        steeply declined due to the drought for the second
 consecutive
        year in Tamilnadu and diversion of cane to jaggery making at
        Nayagarh in Orissa due to high price of jaggery.
 
      - The Company have also installed the most modern and efficient
        Effluent Treatment Plant which has been commissioned.
 
      - The company has received a Letter of Intent to set up a 2500
 TCD
        Sugar Factory in Polur Taluk of Thiruvannamalai-Sambuvarayar
        District in Tamilnadu.
 
      - The Company proposes to arise additional capital through
        Rights/Public Issue of shares and other instruments for its
        proposed projects.
 
      - High pressure boilers with centralised Microprocessor Control
        System and various other equipments have been installed for
        conservation of energy.
 
      - 909 equity shares subscribed for signatories to Memorandum &
        Articles of Association.  84,50,000 equity shares of Rs 10
 each
        were issued in December 1988 of which 33,70,000 shares and
        13,80,000 shares were reserved for allotment on a firm basis
 to
        NRIs and Indian resident directors, their friends etc.
        respectively.
 
      - Of the balance 4,22,500 shares were reserved for allotment on
 a
        preferential basis to employees (only 12,000 shares taken up).
 
        Remaining 32,77,500 shares along with 4,10,500 shares not
 taken
        up by employees were issued to the public.  Additional
 5,48,900
        shares were allotted to retain oversubscription.
  
 1995 - The 2500 TCD modern Sugar plant with a 15 MW Multifuel
        Co-generation facility is being set up on warfooting.
 
 1996 - The polur plant was commissioned in July.
 
      - The Company offered 179,99,618 Rights equity shares of Rs 10
 each
        for cash at a premium of Rs 9 per share in proportion 2:1
        (163,90,037 shares taken up till date), 16,09,581 shares
 remained
        unissued.
 
      - In terms of crushing capacity, the Company is ranked among
 the
        top few such Companies in the State of Tamil Nadu.
 
 1997 - Total quantity of cane crushed further declined to 81
 thousand
        tonnes.  Crushing was affected badly due to severe drough in
 and
        around Tiruneivili District.
 
      - The company planed to expand the capacity of Polur Unit from
        2500 to 5000 TCD.
 
      - The company has got the letter of intent for setting up a
 sugar
        plant at Sankarapuram in Villupuram Ramasamy Padaychiar
 district
        in Tamil Nadu.
 
      - A freak accident occurred at the Mumbai port which has
 upsetted
        the performance of Dharani Sugars and Chemicals for the year
        1996-97.
 
      - The Polur plant was temporarily closed as the cane arrears
        problem peaked.
 
      - The company has got the letter of intent for setting up a
 sugar
        plant at Sankarapuram in Villupuram Ramasamy Padaychiar
 district
        in Tamil Nadu.
 
 1998 - Dharani Sugars commissioned its 2,500 tcd factory at Polur in
        Tiruvannamalai Sembuvarayar district.
 
 1999 - NRI Promoters of the Rs 125-crore Dharani Sugars And
 Chemicals
        Ltd has proposed to increase their equity holding in the
 company
        by acquiring shares through secondary market.
 
      - Dharani Sugars has two plants in Tamil Nadu with a total
 crushing
        capacity of 5000 tonnes per day.  Last year, the company
        terminated its management contract for Nayagarh plant with
 the
        Orissa government.
 
 2007
 
 -Dharani Sugars & Chemicals Ltd has informed that Mr. M Ramalingam,
 Executive Director has been promoted as Managing Director (MD) with
 effect from April 01, 2007. The appointment is subject to approval
 from the Shareholders in the next Annual General Meeting.
 
 2009
 
 -Mr. M Guruvayurappan has been appointed as Director of the company.
 
 2010
 
 -Dharani Sugars has recommended a Dividend of Rs. 1.50/- per Equity
 Share.
 
 2012
 
 -Dharani Sugars has recommended a dividend of Re. 1.00/- per equity
 share of face value of Rs. 10/- each
 
 2013
 - Dharani Sugars & Chemicals Ltd has recommended a dividend of Re.
 1/- per equity share of face value of Rs. 10/- each.
 
 2014
 - Dharani Sugars & Chemicals Ltd has appointed Mrs. Visalakshi
 Periasamy. Mr. P. Selvam Dr. S. Muthu are the  Additional Directors
 of the compnay.
Source : Dion Global Solutions Limited
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