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Hind Industries > Company History > Food Processing > Company History of Hind Industries - BSE: 526307, NSE: HINDIND

Hind Industries

BSE: 526307|NSE: HINDIND|ISIN: INE675B01019|SECTOR: Food Processing
, :
Hind Industries is not traded in the last 30 days
Company History - Hind Industries
M/s. Hind Industries Limited (HIL) is an existing profit making
 dividend paying company. The company was incorporated on 19.6.1973 in
 the name and style of Gee Pee Kay Auto Enterprises Private Limited
 with the Registrar of Companies, Delhi & Haryana at Delhi. The
 original promoters of the company were Sh. Gulab Rai Kohli and
 Lt.Col. Sardul Singh Uberoi. The company obtained fresh certificate
 of incorporation consequent to change of name to Hind Foods Pvt.
 Limited on 01.05.1981. The company was non operational till 1988 when
 it was taken over by Sh. Sirajuddin Qureshi the present Managing
 Director of the company. The company was converted into a Public
 limited company on September 30, 1991 and on 21st June, 1993, the
 company again obtained fresh certificate of incorporation consequent
 to change in name to Hind Industries Ltd. The name was changed to
 broadbase its export activities into fruits, vegetables and marine
 products to evolve into a large integrated agro processor and
 In 1989 IFCI, alongwith ICICI, sanctioned Rupee Term Loan of Rs.228
 lacs for financing part of the estimated cost of Rs. 388 lacs for the
 setting up of 100% EOU meat (Buffalo/Sheep) processing unit with an
 installed capacity of 10000 tpa. HIL's project was commissioned in
 October 1990. In July 1993, HIL made a bonus issue of equity shares
 in the ratio of 1 for 2 shares held, HIL, in November 1993, made its
 maiden public issue of Equity shares of Rs. 10 each at a premium of
 Rs.30/- per share aggregating to Rs.800 lacs to increase the
 installed capacity from 10000 to 15000 tpa and augment its additional
 working capital requirements. The issue was oversubscribed by 4.16
 times. The enhanced installed capacity became operational from August
 13, 1994. In May, 1995, HIL was sanctioned corporate loan of Rs.600
 lacs by IFCI for meeting a part of its long term working capital
 requirement for the year 1995-96.
 The company is a 100% EOU for the manufacture of fresh, chilled &
 frozen meat vide letter No.PER:404(1992)/EOB/382/92 dated August 6,
 1992 of Ministry of Industry, Secretariat of Industrial Approvals,
 Department of Industrial Development, New Delhi.
 The Ministry of Industry, Govt. of India has accorded the status of
 Export House to HIL. HIL received Export Excellence Award for three
 consecutive years from 1992-93 to 1994-95 from Agricultural &
 Processed Food Products Export Development Authority (APEDA).  The
 major exports of the company are to Middle East countries. The
 products include frozen meat, processed Sheet meat, Buffalo meat.The
 brand names of the products are EATCCO and SIBACO. The company is
 also involved in trading /export of marine products and BOPP Tapes.
 The Equity Shares of the Company are listed at the Delhi, Bombay,
 Calcutta, Hyderabad, Kanpur Madras and Ahmedabad Stock Exchanges.
 However they are actively traded only in Delhi, Bombay and Madras
 Stock Exchanges. The reason for low liquidity at the other Stock
 Exchanges is lesser number of shareholders at these Places.
 The Company is presently engaged in the processing of Frozen/Fresh
 meat (Buffalo/Sheep) with an installed capacity of 15,000 tpa at
 Sahibabad, Distt. Ghaziabad (U.P.).
 -The company has recommended a dividend @ 6%.
 -Board has recommended a dividend @ 3% i.e. Rs. 0.30 per Equity
 -Board has recommended a dividend @ 3% i.e. Rs. 0.30 per Equity
 -Board has recommended a dividend @ 3% i.e. Rs. 0.30 per Equity Share
 for the year 2014.
Source : Dion Global Solutions Limited
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