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India Sucrose Ltd.

BSE Live

Oct 28, 15:42
22.85 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
1,632
10-Day
2,293
30-Day
3,406
2,314
  • Prev. Close

    22.85

  • Open Price

    22.55

  • Bid Price (Qty.)

    22.10 (12)

  • Offer Price (Qty.)

    22.85 (38)

NSE Live

Dec 27, 11:22
3.60 0.05 (1.41%)
Volume
No Data Available
8,755
  • Prev. Close

    3.55

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

India Sucrose is not listed on NSE
Company History - India Sucrose
1990 - The Company was incorporated as a public limited Company on
 12th
        December, and the Certificate of Commencement of business was
        obtained on 18th December.  It was originally promoted jointly
 by
        Punjab Aro Industries Corporation (PAIC) and Mukerian Papers
 Ltd.
        Subsequently Mukerian Papers Ltd. its nominee Companies
 including
        Malwa Cotton Spinning Mills Ltd,. and Punjab Woolcombers Ltd.
        took over the Control of the Company.
 
 1992 - The Company had set up a plant for the manufacture of white
        crystal sugar with an installed capacity of 2500 TCD,
 expandable
        upto 3500 TCD at Punjab.  The plant had also certain
 additional
        facilities like co-generation of power to the extent of 6.6
 M.W.
        Commercial production was commenced from 1st November.
 
 1993 - Sales amounted to Rs 37.40 crores.  The production of sugar
 was
        22,282 tonnes at an average recovery of 8.89%.
 
      - During August/September the Company offered 45,00,000
        zero-interest secured partly convertible debentures (PCDs) of
        Rs. 40 each for cash at par along with detachable and
 separately
        tradable warrants.  Of which 6,60,000 PCDs were offered to
        Promoters, Directors, their friends and relatives (All were
 taken
        up).  3,84,000 PCDs were offered to Mutual Funds (None were
        taken up.  Added to public Issue).  1,92,000 PCDs were offered
 to
        employees (All were taken up) 10,89,000 PCDs were offered to
        NRIs (All were taken up) 21,75,000 PCDs were offered to
 public
        (All were taken up including unsubscribed PCDs of Mutual
 Funds).
 
      - Part A of Rs 10 of each PCD would be compulsorily and
        automatically converted into one equity share of Rs 10 each
        at par on the date of allotment. Part B of Rs 30 was to 
        be redeemed at par at the end of 25 months from the date of 
        allotment which also carry a detachable and separately
 tradeable
        warrent which would provide an option to the warrent holder
 to
        get an equity shares for every warrant held at a price not
        exceeding Rs 30 per equity share during the 10th month from 
        allotment.
 
      - 63,70,007 No of Shares Existing capital held by promoters.
 
 1994 - Sales decreased to Rs 29.56 crores due to low capacity
        utilisation on account of less availability of sugarcane and
        market depression due to large scale import of sugar. 
 Production
        during the year amounted to 23,640 tonnes at an average
 recovery
        of 8.96%.
 
      - The Company proposed to increase the sugar plant capacity to
        3,500 TCD by modification in the existing plant and was also
        planning for forward integration by setting up a plant for
        manufacturing of Ethyl Alcohol from Molasses.
 
 1994 - 33,21,800 equity share of Rs. 10 each at a premium of Rs 20/-
        per share alloted to the warrantholder opting for convertion.
 
 1995 - 12,70,000 equity shares of Rs 10/- each for cash at allotted
        to IFCI & ICICI for exercising their option to convert part 
        of their loan in to equity.
 
 1995 - Sales increased to Rs 39.57 crores.  Production amounted to
        36,805 tonnes in 146 crushing days.  The overall performance
 of
        the Company was severely affected due to increase in input
 cost
        and decrease in selling price of finished products.
 
 1996 - The Company produced 49,998 tonnes of sugar in 209 crushing
 days.
 
 2005
 
 -Indian Sucrose acquires Cosmos Industries Ltd, Dhuri
 
 -Capacity Expansion from 3500 TCD to 5000 TCD.
 
 2006
 
 -Indian Sucrose enters into retail packaging of sugar with SWEETO
 
 -The capacity of Company's Sugar Plant at Mukerian has been expanded
 from 5000 TCD (Five thousand Tons crushing per day) to 7500 TCD
 (Seven thousand five hundred Tons crushing per day).
 
 -Indian Sucrose enters in CDM Project to earn Carbon Credits
 
 2007
 
 -The Company has designated an E-mail ID for redressal of investor
 grievances.
 
 -The Company has entered into the list of few successfully registered
 CDM Project in India and now eligible to accrue and sell the carbon
 credits.
 
 2010
 
 -Mr. Kunal Singh has been appointed as the Managing Director of the
 Company
 
 2011
 -Company has appointed Mr. Manish Kumar Dixit, as its Company
 Secretary & Compliance Office.
 
 2013
 -Company has appointed Mr. Sanjay Singh, as an Additional Director of
 the Company.
 -Company has appointed Mr. Ravinder Sharma, as its Chief Financial
 Officer of the Company.