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Kesar Enterprises

BSE: 507180|NSE: KESARENT|ISIN: INE133B01019|SECTOR: Sugar
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Company History - Kesar Enterprises
YEAR                       EVENTS
 1933 - The Company was Incorporated at Mumbai.  The Company's object
 is
        to manufacture of sugar, alcohol, spirits and chemicals. 
 Sugar
        is manufactured by the double sulphitation process.
 
      - The Company has a sugar factory, a distillery and a chemical
        factory.
 
      - 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
 were
        divided into 30,000 No. of equity shares of Rs.50 (Rs.40
 paid-up) 
        each.
 
 1960 - A Call of Rs.10 per share made on the Equity shares making
 them
        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
        prop. 1:4.
 
 1975 - 73,827 bonus equity shares issued in the prop. 3:4 during 
        November 1974.
 
 1977 - D.T.C division was formed consequent upon merger of the
 Company's
        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
        December.
 
 1981 - It was decided to discontinue production of some of the
 chemicals
        and shift the chemical factory to a backward area in the
 Raigad
        district of Maharashtra.
 
 1985 - An application was made to increase the crushing capacity
 from
        2,200 tonnes per day to 3,500 tonnes per day which was
 approved
        by the Government during 1986-87.
 
      - The synthetic rubber factory suspended the purchase of
 alcohol.
        This led to the suspension of production of alcohol by the 
        Company.
 
      - During May, the name of the Company was changed from The
 Kesar
        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
 of
        U.P. distilleries.
 
 1989 - A better fermentation technology was selected to improve the
        working of the distillery.  Orders were also placed for plant
 and
        machinery.  
 
      - 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)
 at
        its distillery.
 
 1992 - During September/October, the Company offered 27,56,224 -
 13.5%
        fully convertible debentures of Rs.30 each on Rights basis in
 the
        prop. 4 debentures : 5 equity shares held (all were taken
 up).
 
      - Simultaneously, another 1,37,811 debentures were issued to
 the
        employees on an equitable basis (only 23,600 debentures taken
 up)
        The unsubscribed portion of 1,14,211 debentures was allowed to
 
        lapse.
 
      - Each debenture was to be automatically and compulsorily
 converted
        into one equity share of Rs.10 each at a prem of Rs.20 per
 share 
        on the expiry of 6 months from the date of allotment of 
        debentures.
 
      - 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
 redeemed.
 
 1994 - The production in the distillery division was lower compared
 to
        previous year due to plant shut down due to problem of
        contamination.  The Company launched IMFL products wine
 oxford,
        club whisky, Pickwick whisky, Moonlite Gin, Lime drops gin,
        Thunder fine rum, Chitah whisky, rum and gin for sale in U.P.
        and Rajasthan.
 
      - The DTC division, undertook expansion project for putting up
 a
        second terminal at New Kandla to meet the growing demand
 hiring
        tanks.
 
      - 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
 year
        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
 of
        the Company.
 
     - The Company has entered into tripartite agreement with NSDL,
 CDSL
        and Sharex (I) Pvt. Ltd., R&T agent, fo dematerialisation of
 equity shares.
 
 2002-Kesar Enterprises Ltd has informed that Shri Anirudh Ambalal
 Kilachand, Director of the company has expired on November 23, 2002.
 
 2007
 
 - Email ID - djs@kesarindia.com.
 
 2011
 
 - 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.
 
 2012
 -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
 
  
Source : Dion Global Solutions Limited
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