Company History - Kesar Enterprises
1933 - The Company was Incorporated at Mumbai. The Company's object
to manufacture of sugar, alcohol, spirits and chemicals.
is manufactured by the double sulphitation process.
- The Company has a sugar factory, a distillery and a chemical
- The Company has a right to redeem the Redeemable pref. shares
after 31.12.1951 by giving 6 months notice at a prem. of 5%.
All shares issued for cash.
1945 - Authorised capital increased. 15,000 Right equity shares of
Rs.50 each issued at par in prop. 1:1.
1956 - 15,000 No. of equity shares of Rs.100 (Rs.80 paid up) each
divided into 30,000 No. of equity shares of Rs.50 (Rs.40
1960 - A Call of Rs.10 per share made on the Equity shares making
fully called up.
1962 - 18,000 Right equity shares offered at par in the prop. 2:5.
17,792 shares were taken up till 31st July, 1963.
1963 - A call of Rs.25 per share was made on the partly-paid equity
shares during the year.
1965 - 15,750 bonus equity shares issued in the prop. 1:4.
1968 - In September, 1969, 19,687 bonus equity shares issued in the
1975 - 73,827 bonus equity shares issued in the prop. 3:4 during
1977 - D.T.C division was formed consequent upon merger of the
wholly owned subsidiary Distillers Trading Corporation, Ltd.
with effect from 30th September.
1979 - The wholly owned subsidiary, Distillers Trading Corporation
Ltd. New Delhi, was amalgamated with the Company with effect
from 30th September, 1977. This merger was effected on 21st
1981 - It was decided to discontinue production of some of the
and shift the chemical factory to a backward area in the
district of Maharashtra.
1985 - An application was made to increase the crushing capacity
2,200 tonnes per day to 3,500 tonnes per day which was
by the Government during 1986-87.
- The synthetic rubber factory suspended the purchase of
This led to the suspension of production of alcohol by the
- During May, the name of the Company was changed from The
Sugar Works Ltd., to Kesar Enterprises Ltd.
1986 - 6,61,320 bonus equity shares issued in prop. 1:1.
1987 - The Company was nominated to undertake the export of alcohol
1989 - A better fermentation technology was selected to improve the
working of the distillery. Orders were also placed for plant
- 17,22,640 bonus equity shares issued in prop. 1:1.
1991 - The Company also undertook to set up plants to produce Extra
Neutral Alcohol (ENA) and Indian Made Foreign Liquor (IMFL)
1992 - During September/October, the Company offered 27,56,224 -
fully convertible debentures of Rs.30 each on Rights basis in
prop. 4 debentures : 5 equity shares held (all were taken
- Simultaneously, another 1,37,811 debentures were issued to
employees on an equitable basis (only 23,600 debentures taken
The unsubscribed portion of 1,14,211 debentures was allowed to
- Each debenture was to be automatically and compulsorily
into one equity share of Rs.10 each at a prem of Rs.20 per
on the expiry of 6 months from the date of allotment of
- 28,94,035 shares allotted at a prem. of Rs.20 per share on
conversion of 13.5% FCD. Also 5.50% pref. shares were
1994 - The production in the distillery division was lower compared
previous year due to plant shut down due to problem of
contamination. The Company launched IMFL products wine
club whisky, Pickwick whisky, Moonlite Gin, Lime drops gin,
Thunder fine rum, Chitah whisky, rum and gin for sale in U.P.
- The DTC division, undertook expansion project for putting up
second terminal at New Kandla to meet the growing demand
- The Company allotted 16% - Secured Redeemable non-Convertible
debentures of Rs.800 lakhs on private placement with IDBI,
repayable in 3 instalments at the end of 5th, 6th and 7th
from the date of allotment of debentures.
- `Kesar Marble and Granite Ltd.' a 100% export oriented unit
engaged in processing and polishing of granite stone, is a
subsidiary of the Company.
- Amber Distilleries Pvt. Ltd. became a wholly owned subsidiary
- The Company has entered into tripartite agreement with NSDL,
and Sharex (I) Pvt. Ltd., R&T agent, fo dematerialisation of
2002-Kesar Enterprises Ltd has informed that Shri Anirudh Ambalal
Kilachand, Director of the company has expired on November 23, 2002.
- Email ID - firstname.lastname@example.org.
- The Compnay has received a Letter of Award (LOA) from Madhya
Pradesh State Agricultural Marketing Board (Mandi Board) for setting
up a 'Composite Logistics Hub' at Pawarkheda.
-Board of Directors of the Company has appointed Shri Prakash Dubey
as an Additional Director (Independent) on the Board.
-Kesar Enterprise - Start of Crushing Operations for the Sugar