Nahar Sugar and Allied Industries Ltd.

1993 - The Company was Incorporated on 26th February, at Jalandhar
        in Punjab and was promoted by Nahar Spinning Mills Ltd. and
        its associate Companies of the OWM Group and PSIDC.
 
      - The Company undertook to set up a 2500 TCD capacity sugar
 plant
        expandable to 3500 TCD for manufacture of white crystal sugar
        with  facilities for cogeneration of power upto 5 MW.  Land
        admeasuring 94.78 crores was acquired at Salana Jeon Singh
 Wala
        Tehsil a notified backward area in Amloh district of Punjab.
        Sijcon Pvt. Ltd. Ahmedabad were appointed as architects for
 the
        project.  Also, the Company entered into a contract with M/s.
        Triveni Engineering Works Ltd., New Delhi for supply of 2500
 TCD
        capacity sugar plant expandable upto 3500 TCD.  The Company
        adopted the double sulphitation process.
 
 1995 - The Company crushed 416,726 tonnes of sugar cane in 167 days
 as
        against 219037 of sugarcane crushed during 126 days.  37,084
        tonnes produced in the previous year.  Despite these turnover
        amounted to Rs 40.54 crores registering a lower level of
        profitability mainly due to reasons such as hike in input
 costs,
        lower sugar recovery and sustaintial fall in the realisable
        value of molasses.
 
      - 700 Equity shares subscribed for Memorandum of Association. 
        176,00,000 Equity shares of Rs 10 each were issued at a
 premium
        of Rs 15 per share during January 1994.  Of these 88,00,000
        were reserved and allotted on a firm basis to Nahar Spinning
        Mills Ltd. and its associate companies.  Of the balance, the
        following were reserved for allotment on a preferential
 basis:
        (i) 8,00,000 shares to NRIs on repatriation basis: (ii)
 4,00,000
        shares to FIIs including Mutual Funds, (iii) 8,00,000 shares
 to
        Indian Mutual Funds, (iv) 8,00,000 shares to the shareholders
 of
        promoting companies (v) 4,00,000 shares to employees
 (including
        Indian Working directors)/workers of the Company/promoting
        companies.  Remaining 56,00,000 shares were issued to the
 public
        (all were taken up).
 
 1996 - The Company crushed 366,268 tonnes of sugar cane and produced
        33,849 tonnes of sugar.  Sugarcane crushing was lower due to
        lower availability to cane and breakdown of boiler.  However,
 the
        average recovery of sugar was higher at 9.24% as against 9.06%
 in
        the previous year.  Turnover rose marginally to Rs 42.99
 crores.
        The company exported 5400 MTs of sugar during the year.
 
 2004
 
 - Delists equity shares Delhi Stock Exchange (DSE) with effect from
 September 2, 2004