Company History - UPL
The Company was incorporated on 2nd January, 1985 as Vishwanath
Commercials Limited. In February, 1985, the Company went public with
an issue of 1,50,000 Equity Shares of Rs. 10/- each for cash at par
aggregating Rs.15,00,000. The object of the issue was to meet the
working capital requirements, preliminary expenses and issue
expenses. Subsequently in February 1994 Shri R.D. Shroff alongwith
his family and investment companies acquired 78.61% of the equity
capital of the company and changed the name to Search Chem Industries
Ltd. In March 1995 the group reorganised the shareholding, as a
result United Phosphorus Limited acquired 75% of the Equity Capital
of Search Chem Industries Limited from the family and investment
companies of Shri R. D. Shroff. Subsequently in August, 1995 UPL
acquired further 11560 shares thereby resulting in total holding of
79.72%. UPL purchased 8,500
Equity Shares from Shri R.D.Shroff and 1,86,810 Equity Shares from
Shri R.D.Shroff's family members and investment Companies. With this
reorganisation UPL has become the promoter of Search Chem Industries
Limited. Shri R.D. Shroff is the promoter of United Phosphorus
Limited and alongwith his family and investment companies holds
35.39% of the Equity Capital of United Phosphorus Limited. The
Company was engaged in the business of trading in shares/debentures
since incorporation, until it was taken over by Shri R.D.Shroff.
Subsequent to the takeover, the Company has entered in to the
The High Court of Gujarat at Ahmedabad had served a notice on
23/03/95 to 169 units including the Company for operating without the
consent of the Gujarat Pollution Control Board (GPCB). The Company's
advocates Messrs Nanavati and Nanavati, who were representing 158
units out of the above mentioned 169 units could list out their
representation of only the names of 110 units to the High Court
within the limited time allotted to them.
Unfortunately, since the Company's name did not figure in the 110
units listed out by the Company's advocate, the High Court treated
the Company's case as unrepresented and hence contempt of court for
which the High Court ordered the closure of the Company's unit with
effect from 18.04.95. Subsequent to the Company's filing affidavits,
the Court ordered the reopening of the Company's unit vide their order
dated 01/05/1995, subject to the following remedial measures which
have been adopted by the Company:
1. Filing of undertaking before the Court as per their requirement.
2. Setting up Secondary Treatment Plant.
3. Installation of electricity meters to determine the quantum of
electricity consumed by the Controlling Devices and plants.
4. Follow up with GPCB, Gandhinagar for issue of consents under the
water, air and Hazardous Waste Rules.
Thus the Company's unit was closed from 18.4.95 to 01.05.95. for a
period of 14 days.
MAIN OBJECTS OF THE COMPANY
The main objects of the Company to be pursue by the Company as
contained in the Memorandum of Association is as under:
1. To carry on the business of dealers, importers, exporters,
commission agents or otherwise of cotton, jute, cotton goods, jute
goods, textiles, yarn, synthetic goods, fibrous materials, mill
stores, coal, chemicals, paper, engineering goods and cast iron items
and agricultural implements and other machinery.
In the Extraordinary General Meeting of the shareholders of the
Company held on April 10, 1993, pursuant to Section 149(2A) of the
Company's Act 1956, consent has been given for commencement to the
Company for commencement of all or any of the business specified in
items nos. (b) and (c) of sub-clause 25 of Clause 3 of the Memorandum
of Association of the Company namely:
To carry on the business of manufacturers, fabricators, processors,
producers, growers, makers, importers, exporters, buyers, sellers,
suppliers, stockists, agents, merchants, distributors and
concessionaires of, and dealers in, commodities of all or any of the
b. Ammonium sulphate, nitrate (double-salt), Ammonium nitrate,
Calcium ammonium nitrate (nitroline stone), Ammonium chloride super
phosphate urea and other types of fertilisers of synthetic or natural
origin containing nitrogen phosphorus or other compounds soda ash,
pesticides, DDT seeds, Processed seeds, concentrate for cattle or
c. Drugs, medicines, chemicals, mixtures, powder, tablets, capsules,
injections, oils, compounds, cements, paints, creams, scents, soaps,
lotions, toiletries, goods, pigments and all kinds of pharmaceutical
cosmetics and medicinal preparations required or used for beauty aid
or personal hygiene or in allopathic, ayurvedic, unani, or nature
cure methods or systems of treatments, bandages, cotton, gauzes,
crutches, stretches and all kinds of anatomical orthopedic and
surgical appliances and stores.
The above clauses/sub-clauses enables the Company to undertake the
activities for which the funds are being raised for the present issue
and also the activities which the Company has been carrying on till
PRESENT BUSINESS OF THE COMPANY
The Company has facilities to manufacture the following:
1. Iso Propyl Bromide, Thi Diphenol and Other
Specialty Chemicals 600 TPA
2. Phosphorus Pentoxide 500 TPA
3. Phosphorus Penta Chloride 350 TPA
There have been no material changes in accounting policy affecting
the reserves and profit/loss of the Company in the last three years.
The Company has no subsidiary at present.
2001 - Demuric Holdings Pvt Ltd. intends to acquire 60,35,640 shares
of the company from
the promoters inter se on or after 13th March at market
-Search Chem Industries Ltd. has informed the Exchange that at its
meeting held on June 25, 2003 the BOD has resolved to forfeit 4393150
equity shares held by 4642 shareholders for non payment of arrears of
-Shri Kanti Thacker has resigned as the Secretary of the company and
Shri M B Trivedi has been appointed as Company Secretary of the
-Manufacturing division of United Phosphorus Ltd. was transferred to
Search Chem Industries Ltd. and the name of Search Chem Industries
Ltd. was changed to United Phosphorus Ltd. after the transfer of
manufacturing division. The name of United Phosphorus Ltd. was
changed to Uniphos Enterprises Ltd. after the transfer of
-1) The following Directors submitted their resignations from the
Company : a) Dr. P V Krishna, b) Mr. Kalyan Banerjee, c) Dr. Anil
Bhatt, d) Dr. Reena Ramachandran; 2) Shri M B Trivedi resigned as
Company Secretary of the company; 3) Shri K M Thacker was appointed
as Company Secretary of the Company.
-Acquires 20% stake in Cropserve, a company based in South Africa
-Signs an agreement to acquire registration for production of Lenacil
and Chloridazon from Agricola for UK, France and Italy
-United Phosphorus' US subsidiary buys AG Value for $36 m
- Delists equity shares of the Company voluntarily from the Madras
Stock Exchange Ltd (MSE) with effect from January 19, 2005.
- Delists equity shares of the Company voluntarily from the Stock
Exchange - Ahmedabad (ASE) with effect from March 31, 2005.
-United Phosphorus acquires CEQUISA
-Delists equity shares from the Vadodara Stock Exchange Ltd (VSE)
with immediate effect.
-Nath Biogene (I) Ltd and United Phosphorous Ltd have signed an
agreement with Biocentury of China for transfer of technology related
to Bt cotton
-United Phosphorus acquires REPOSO S.A.I.C., Argentina
-United Phosphorus acquires 100% stake in SWAL
-Company has splits its Face value of Shares from Rs 10 to Rs 2
-United Phosphorus Ltd has informed that the Company has acquired
through its subsidiary in Mauritius, Advanta Netherlands Holdings BV,
based in Netherlands.
-United Phosphorus signs agreement with Ishihara Sangyo Kaisha Ltd
-United Phosphorus enters into an agreement with DUPONT
-United Phosphorus enters into agreement with M/s Bayer CropScience
- United Phosphorus acquires Argentinian firm
- United Phosphorous Limited has informed that Mr. S. Krishnan has
been appointed as Chief Financial Officer (CFO) of the Company.
-UPL wins Trishul Award for excellence in agrochemical
-The Company has issued Bonus Shares in the Ratio of 1:1.
-United Phosphorus Ltd (UPL) has announced that the Company has
purchased 100% stake through its subsidiary of Evofarms group of
Companies (Evofarms), a major Marketing Company of generic products
in the crop protection industry headquartered in Bogota, Colombia.
-United Phosphorus has recommended dividend @ 75% on the equity
shares of Rs 2/- each
-United Phosphorus Purchases Mancozeb Business from Dupont
-United Phosphorus Limited Acquired Riceco LLC, USA along with its
Subsidiaries and certain assets of the International Business of its
-United Phosphorus Purchased 50 percent stake in Sipcam Isagro Brasil
-Mr. Sagar Kaushik has been appointed as C.O.O - Global Business of
-United Phosphorus acquires 51% stake in DVA Agro Brazil
-United Phosphorus Acquires 100% Stake in SD Agchem Europe
-United Phosphorus has recommended a final dividend @ 25% on equity
shares of Rs.2/- each. This is in addition to the interim dividend @
100% on equity shares of Rs.2/- each (i.e. Rs.2.00 per equity
-United Phosphorus has informed that the name of United Phosphorous
Ltd. shall be changed to UPL Ltd. and the trading symbol of the
Company be changed from UNIPHOS to UPL w.e.f. October 23, 2013.
-ESR Award for UPL Mexico.
-UPL Limited enteres into an agreement to subscribe to 40% Shares in
Sinagro Group, a Brazilian Company in the State of Mato Grosso
-UPL Ltd, through its subsidiary has completed the transaction to
acquire 40 per cent in the Sinagro Group, a Brazilian company.
-UPL Ltd have approved amalgamation of Advanta
-UPL acquires 26% stake in Weather Risk Management Services