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Privi Speciality Chemicals Ltd.

BSE: 530117 | NSE: PRIVISCL |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE959A01019 | SECTOR: Chemicals

BSE Live

Jan 21, 11:41
2198.85 26.05 (1.20%)
Volume
AVERAGE VOLUME
5-Day
4,087
10-Day
7,356
30-Day
6,483
1,741
  • Prev. Close

    2172.80

  • Open Price

    2196.70

  • Bid Price (Qty.)

    2196.10 (1)

  • Offer Price (Qty.)

    2198.85 (10)

NSE Live

Jan 21, 11:42
2198.90 24.85 (1.14%)
Volume
AVERAGE VOLUME
5-Day
24,154
10-Day
58,538
30-Day
35,616
7,388
  • Prev. Close

    2174.05

  • Open Price

    2187.25

  • Bid Price (Qty.)

    2196.70 (2)

  • Offer Price (Qty.)

    2198.95 (14)

Company History - Privi Speciality Chemicals
COMPANY, MANAGEMENT AND PROJECT
 
 HISTORY AND PRESENT BUSINESS OF THE COMPANY
 
 The Company was incorporated as a public limited Company on May 25th,
 1985 under the name H.K. Agro Oil Ltd.  The Company was incorporated
 in May, 1985 with an objective to deal in edible grade oil.  As in
 well-known, Gujarat is a major centre for edible grade oil.  However,
 it was found on detailed study that the available technology was not
 very attractive and lot of effort in terms of time and money was
 required for creating 'brand equity' of edible Rice Brain Oil.  At
 this stage, the
 objective of manufacturing edible grade oil was put on hold till
 better and improved technology was available.
 
 Subsequently, some time in the year 1991, Shri Rajan Harivallabhdas
 read about the superior oil for better health and  it was found that
 ricebran oil was one of the best.  The Company then explored the
 possibility of separating Rice Bran Oil Grade I and Distilled fatty
 acids from Crude Rice Bran Oil. Shri Rajanbhai did an extensive
 touring abroad with a
 technical expert and found UIC's Short Path Distillation (SPD)' unit
 as the best available equipment for the purpose.  As the viability of
 the project for separation of oil and fatty acids alone was not upto
 the desired level, efforts were against on for finding suitable
 technology for development of Monoglycerides and further separation
 of
 fatty acids into Palmitic Acid, Oleic Acid and Linoleic Acid. 
 Sulzer, Switzerland offered its latest technology for the said
 purpose.  Shri Rajanbhai again took extensive trials on pilot scale
 abroad and found the technology right for the purpose.  The entire
 exercise mentioned in this paragraph took almost two years and as the
 results were very encouraging and as no one in India had even thought
 of making high grade fatty acids from Crude Rice Oil, it was decided
 to go ahead with the project.  Accordingly, a firm purchase order was
 first placed with M/.s. UIC Inc., U.S.A in August, 1993 for one unit
 of KD 12 SPD.
 
 The Company is setting up facilities for the manufacture of 3248 tpa
 of Distilled Fatty Acids like Oleic Acid, Linoleic Acid and Palmitic
 Acid, 2894 tpa Rice Bran oil Grade -1 and 625 tpa of Monoglycerides.
 
 
 The Company was originally incorporated with an intention to enter
 into the business of manufacture/process of Oil. However, on account
 of economic considerations, it was considered desirable to enlarge
 the scope of activities and its was then proposed to
 process/manufacture high grades of fatty acids of monoglycerides
 also.  With a view to appropriately reflect the Company's proposed
 multi-product activities, it was considered desirable to change the
 name of the Company to H.K. Agrochem Ltd buy passing the necessary
 resolution under Section 21/31/44 of Companies Act 1956 on June 14th,
 1994 and a certificate to this effect has been given by the Registrar
 of Companies, Gujarat on
 July 15th, 1994.
 
 The Company is planning to use state of the art technology in order
 to produce fatty acids, Monoglycerides, and Rice Bran Oil Grade-1
 conforming to industrial standards.  In order to ensure this the
 Company has got contracts with UIC Inc Of USA who shall be providing
 the plant, ensuring installation and product quality. 
 
 
 2009
 
 - HK Finechem Ltd has appointed Shri. Dharmesh R Harivallabhdas as
 additional director of the Company w.e.f. April 22, 2009.
 
 2010
 
 - The Company has changed its name from H K Finechem Ltd.  to Adi
 Finechem Ltd.                                                        
  
                                                         
 2011
 
 - Registered Office of the Company has been shifted From 201, Aniket,
 C.G.Road, Navrangpura, Ahmedabad - 380009 To 253/P, Chekhala,
 Sanand-Kadi Highway, Tal. Sanand, Dist Ahmedabad - 382145.
 
 2012
 - Email: adi@adifinechem.com
 
 - The Company has recommended issue of bonus shares in ratio of 1:5
 
 2013
 -Adi Finechem Ltd has recommended dividend @ Re. 1.00 per equity
 share of Rs. 10/- each
 -Adi Finechem Ltd has recommended Bonus Equity Shares of Rs. 10/-
 each in the ratio of 1 equity share for every 10 equity shares.
 
 2014
 -Adi Finechem Ltd has recommended dividend @ Rs. 1.50 per equity
 share of Rs. 10/- each.
 -Adi Finechem Ltd has recommended Bonus Equity Shares of Rs. 10/-
 each in the ratio of 1 equity share for every 10 equity shares.
 
 2016
 -Adi Finechem Ltd has informed BSE that the name of the Company has
 been changed from Adi Finechem Limited to 'FAIRCHEM SPECIALITY
 LIMITED' w.e.f. October 06, 2016 as per the fresh certificate of
 incorporation received from Registrar of Companies,
 -