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Rajshree Sugars and Chemicals > Company History > Sugar > Company History of Rajshree Sugars and Chemicals - BSE: 500354, NSE: RAJSREESUG
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Rajshree Sugars and Chemicals

BSE: 500354|NSE: RAJSREESUG|ISIN: INE562B01019|SECTOR: Sugar
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Company History - Rajshree Sugars and Chemicals
YEAR                        EVENTS
 1985 - The Company was Incorporated on 13th December at Chennai.  It
 was
        proposed by G. Varadaraj of the Rajshres group, Mydur Anand,
        R. P. Venugopla and Ms. Rajshres Pathy.  The company
 undertook
        to set up a sugar plant to crush 2500 TPD of cane and
 production
        of 250 TPD of sugar.
 
 1990 - 6,550 No. of shares subscribed for by signatories to the
        Memorandum of Association.  95,43,450 No. of equity shares of
        Rs 10 each were issued for cash at par of which the following
        were reserved for allotment on a firm basis: (i) 36,66,250 No.
 of
        shares to promoters, their associates, etc. (ii) 11,07,200 No.
 of
        shares to NRIs on repatriation basis. (iii) 5,00,000 shares
 to
        SBI Mutual Fund and (iv) 2,50,000 shares to UTI.  Of the
        remaining 4,77,500 shares were reserved for allotment on a
        preferential basis to employees.  Of the Company and promoter
        companies (only 2,36,200 shares taken up).  The remaining
        35,22,500 shares along with 2,41,300 shares not taken up by
        employees' were issued for public subscription during
 September,
        1989 (all were taken up).  Additional 9,90,850 shares were
        allotted to retain oversubscription (1,28,350 shares to
 promoters
        and 8,62,500 shares to the public).
 
 1991 - The Company received a letter of intent for establishing a
        distillery unit with an installed capacity of 12,000 KLS per
        annum of industrial alcohol.  Government allotted mollasess
 for
        the proposed distillery unit.
 
 1992 - During October-November the Company offered 1,05,850 equity
        shares of Rs 10 each on Rights basis in the proportion 1:1.
 
 1993 - 105,40,850 No. of equity shares of Rs 10 each for cash at par
        allotted to the shareholders on rights basis in the ratio of
 1:1.
 
 1995 - The Company has successfully implemented first phase of the
        project to implement a co-generation system with an installed
        capacity of 12 MW with an additional 3MW as standby.
 
 1996 - The Company has acquired Assets relating to the Textile Mill
 from
        Rajshree Spinning Mills Ltd. for an aggregate consideration
 of
        Rs 19.72 crores.
 
      - 16,10,000 No. of equity shares of Rs 10 each at par allotted
 to
        Financial Institution on conversion of loans.
 
 
 2000 - The Company has entered into an agreement for sale of the
 Textile
        Division pursuant to the resolution under section 293(1)(a).
 
 2003
 
 -Rajshree Sugars & Chemicals Ltd has informed the that Mr. R
 Varadaraj has been appointed as an additional Director of the Company
 w.e.f. June 6, 2003.
 
 2004
 
 -Delists Shares from Delhi, Ahmedabad & Madras Stock Exchanges
 
 2010
 
 - Rajshree Sugars & Chemicals Ltd has appointed Dr. K. Mohan Naidu as
 Director of the Company at the Board Meeting held on May 17, 2010.
 
 2011
 
 -Mr. R S Gowdhaman has been appointed as the Company Secretary and
 Compliance Officer of the company.
 
 2012
 
 - Rajshree Sugars & Chemicals Ltd has granted stock options, under
 the Employee Stock Option Plan 2012 of the Company to the employees
 exercisable into same number of Equity Shares of the Company in due
 course.
Source : Dion Global Solutions Limited
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