Parrys Sugar Industries Ltd.

GMR was originally incorporated on June 30th, 1986 in the name and
 style of Sree Sarada Ferro Alloys Ltd., to set up a plant for the
 manufacture of Ferro Chrome at an installed capacity of 6,000 TPA at
 Ravivalasa Village, Tekkali Mandal in Srikakulam District of Andhra
 Pradesh.  The name of the Company was subsequently changed to GMR
 Vasavi Industries Ltd and a fresh Certificate of Incorporation was
 obtained on 1st February 1994.
 
 As the project could not be implemented by the original promoters
 viz., Sri P V Lakshmana Rao, Sri K Srinivas Rao and associates, the
 present Directors comprising Shri G Mallikarjuna Rao and Shri S
 Suryanarayana Murthy had taken over the management in 1989 and
 implemented the said project.
 
 GMR's existing Ferro Alloys operations registered a capacity
 utilisation of 71.12% in 1990-91 which subsequently increased to
 89.73% in 1991-92 and around 88.20% in 1992-93.  The company enhanced
 the manufacturing capacity from 6,000 TPA to 10926 TPA during 1993-94
 nd achieved a capacity utilisation of 63.83% during 1993-94.  The
 capacity utilisation has been lower due to shut down of the Plant for
 a period of about 2 months on account on implementation of the
 expansion project and time taken for stabilisation of production.
 
 
 2000 - The Company has entered into tripartite agreement with 
               NSDL and CDSL and Karvy Consultants Ltd. (R&T agents) 
               to make the equity shares of the company available for
 dematerialisation.
 
 2001 - The Board has resolved to hive-off the brewery division to GMR
 Beverage Industries
              Ltd., Hyderabad, a group company, which is going to be a
 100 per cent subsidiary of the
             company.
 
 2002-V Balasubramanian appointed as Company Secretary of GMR
 Technologies.
 
 2003 - GMR Technologies & Industries Ltd has informed BSE about the
 following changes in the composition of the Board of Directors of the
 company: 1. Mr K V K Seshavataram has been elected as the Chairman of
 the Board of Directors of the company 2. Mr O Bangaru Raju has
 resigned form the Board of Directors of the company and the Board has
 accepted his resignation wef December 30, 2002.
 
 2005
 
 -GMR Industries picks up Best Performer Award
 
 2007
 
 -GMR Industries Ltd has appointed Dr. V Raghunathan as the Managing
 Director of the Company, with effect from January 25, 2007.
 
 2009
 
 - GMR Industries Ltd has informed that the Board of Directors of the
 Company at its meeting held on July 27, 2009, inter alia, has
 appointed Mr. A Sankara Rao as Executive Director with effect from
 August 01, 2009 for a period of 3 years.
 
 --Registered Office of the Company has been shifted from
 6-3-866/1/G2, Grrenlands, Begumpet, Hyderabad - 500016, Andhra
 Pradesh to 25/1, Skip House, Museum Road, Bangaluru - 560025,
 Karnataka
 
 2010
 
 - GMR Industries Ltd has appointed Mr. D. Kumaraswamy as an
 Additional Director on the Board of the Company with effect from May
 18, 2010.
 
 -Company has changed its name from  GMR Industries Ltd.  to Parrys
 Sugar Industries Ltd.                                               
                                                       
 
 2011
 
 - The company has allotted 7,50,00,000, 8% Cumulative Redeemable
 Preference Shares of Rs. 10/- each at par to M/s. E.I.D. Parry
 (India) Limited aggregating to Rs. 75,00,00,000/-.
 
 2012
 -Best Sugar Cane Development Award for the season 2011-12.
 
 2013
 -The Board of Directors of the Company has appointed Mr. C. R. Rajan
 and Mr. P. Gopalakrishnan as Additional Directors of the Company.
 
 2014
 - The Board of Directors of the Company has appointed Mr. V. Ramesh
 has been appointed as a Director of the Company.