Vardhman Lab Ltd.

HISTORY & PRESENT BUSINESS OF THE COMPANY
 
 VARDHAMAN LABORATORIES LTD. was incorporated on 24th April, 1985
 under the Companies Act, 1956, in the State of Maharashtra as
 VARDHAMAN LABORATORIES PRIVATE LIMITED and subsequently converted
 into a Public Limited vide special Resolution dated 15th October,
 1993 and obtained a fresh certificate of Incorporation to change of
 name on 7th December, 93 as VARDHAMAN LABORATORIES LIMITED, from the
 registrar of Companies Maharashtra, Bombay. Consequent on e
 conversion of the company from Pvt. Ltd. to Public Ltd.
 
 At present the Company is engaged in manufacturing varieties of
 formulations and marketing under the brand name of 'SAMRAT', gained
 sizable popularity in the area of Western Maharashtra and Southern
 part of India.
 
 The Company started its operation on a small scale basis and during
 this time was also in the process of identifying a viable project in
 the Pharmaceutical industry. After a thorough and exhaustive study,
 the project for manufacturing the Bulk Drugs as mentioned above was
 conceived in December1993.
 
 2004
 -Board recommends dividend of 42%.