Zuari Industries Ltd.

YEAR                                                    EVENTS
 1967 - The Company was incorporated on 12th May.  It was promoted by
        Birla Gwalior (P) Ltd., and Armour & Co., Chicago, U.S.A. 
 The
        Company manufacture fertilisers and allied products.
 
 1968 - A fresh collaboration agreement was signed with the United
 States
        Steel Corporation on 1st November, under which the scope of
        the project was enhanced to include the manufacture of
 compound
        fertilisers (28:28:0) as well.
 
 1977 - 160 No. of equity shares subscribed for by the signatories to
 the
        Memorandum of Association and 55,57,340 No. of equity shares
        subscribed for in cash by the institutional promoters of the
        Company (United State Steel Corporation - 37,72,500; Sutlej
        Cotton Mills - 10,00,000 Pilani Investment Corporation -
 2,00,000
        Birla Education Trust - 1,80,000; Century Spg. & Mfg. Co.
        1,50,000; Gwalior Rayon Silk Mfg. Co. 1,10,000; Birla Bombay
        Pvt. Ltd. - 70,000; and Jiyajeerao Cotton Mills - 40,000).
 
      - 4,12,500 Pref. Shares and 68,70,000 No. of Equity shares
 issued
        through prospectus in May 1970.  Out of the issue, 9,14,964
 No.
        of equity shares reserved for foreign collaborators (7,27,500
 for
        United States Steel Corpn., and 1,87,464 for Armour & Co.,
        U.S.A.) for allotment against plant and machinery and
 technical
        know-how, etc.; 37,536 No. of equity shares issued to Armour
 &
        Co., against cash subscription; 33,30,000 No. of equity shares
        issued to foreign financial institutions (23,92,500 to
        International Financial Corpn. Washington; 7,50,000 to Bank of
        America, N.Y. and 1,87,500 to First International Finance
 Corpn.
        Chicago) against cash subscription; 125 Pref. and 5,000 No. of
        equity shares issued for Communidade of Sancoale of Goa.  The
        balance of 4,12,375 Pref. and 25,82,500 No. of equity shares
        offered for public subscription.  The Pref. shares are
 redeemable
        on or after 8th July, 1982 after giving 3 months' notice.
 
 1984 - A letter of intent was received to set up a fertiliser complex
        comprising of an ammonia plant and an urea plant with
 capacities
        of 1,350 tonnes and 2,250 tonnes per day respectively based on
        off-shore gas at Sawai Madhopur, Rajasthan.  For this purpose,
        the Company promoted a new Company under the name and style of
        Aravali Fetilisers Ltd.
 
 1985 - AFL was incorporated on 7th May, 1985 and the Certificate of
        Commencement of Business was obtained on 18th July.  Due to
 the
        new guidelines fixed by the Government, the original contract
        with Snamprogetti SPA had to be re-negotiated.
 
      - Rate of Pref. dividend raised to 15% effective from 11.7.1985
 and
        redemption date extended to 10.7.1992/95.  10,310 Pref. shares
        belonging to dissenting shareholders redeemed.
 
 1986 - The Company issued 5,00,000 - 15% redeemable non-convertible
        debentures of Rs 100 each on private placement basis to Army
        Group Insurance Fund.  These debentures are redeemable at a
        premium of Rs 5 per debenture at the expiry of 7th year from
 the
        date of allotment.
 
 1989 - Application for financial assistance for the cement project
 was
        submitted to IDBI.  Necessary steps were taken to get the
        validity period of the letter of intent extended.
 
      - The company issued 7,00,000 - 14% secured redeemable
        non-convertible debentures of Rs 100 each on private placement
        basis with financial institutions.  These debentures are to be
        redeemed at a premium of Rs 5 per debenture on the expiry of
 7th
        year from the date of allotment of debentures i.e. on 18th
        September, 1996.
 
 1990 - A new company in the name of `Banas Cement Ltd.' was
 incorporated
        to implement the project.
 
      - Effective from 15th November, the CFCL ceased to be a
 subsidiary
        of the Company due to increase in the paid-up capital of CFCL.
 
      - The company made an application to set up a sugar factory in
        Karnataka with cane crushing capacity of 2,500 tpa and
 investment
        of Rs 35.0 crores.  Clearance from Central and State
 Government,
        was awaited.  In 1992, clearance was received from the State 
        Government.  The company availed the letter of Intent.
 
      - With the approval of the Indian Government and the World Bank,
        James Chemical Engineering, a prominent firm of U.S.A.,
        consultants, were appointed to make a study of the existing
 plant
        and suggest ways and means of achieving an increase of 10% in
 the
        capacity.
 
 1992 - The Company proposed to set up an argon recovery and
 purification
        plant within the existing complex at Goa.
 
 1993 - During the year, for the first time, the company launched sale
 of 
        potash for direct application to the farmers.  Biophos an
        environment friendly product launched to enhance phosphorus
 use
        efficiency was well received.  High quality seeds of various
        crops in the brand name Jaikisaan was launched.
 
      - The Company entered into an agreement with Texmaco Ltd for
        running and operating their Cement unit at Yerraguntla, Andhra
        Pradesh effective 1st January, 1994.
 
 1994 - The Company formed a wholly owned subsidiary in the name of
        Zuari Leasing & Finance Corporation Ltd.
 
      - The Company set up a joint venture in the name of Zuari Seeds
        Ltd., with Institute of Field & Vegetable Crops & KOP
        Investments, Cyprus (IFVC) on 50:50 basis for production and
        marketing of hybrid seeds.
 
      - 7,00,000 Shares allotted on private placement basis.
 
 1995 - The Company commenced marketing of single super phosphate
 under
        the brand name Jai Kisaan Superphos making the existing range 
        of products most comprehensive.
 
      - Bioneem an eco friendly neem based pesticide launched during
        January.
 
      - Two hybrid seeds of sunflower were developed with Institute of
        Field and Vegetable cups and KOP Investments.
 
      - Argon recovering plant was commissioned on 9th May, and
        registered 51% capacity.
 
 1996 - The Capacity utilisation of Ammonia, Urea, NPX and DAP plants
        was maintained at higher levels.
 
      - With view to energy saving, the company undertook to remove
        pneumatic instruments in a phased manner to be replaced by
        microprocessor based control systems.  In the cement
 divisions,
        fluxo was replaced by air lift pump and elevator & belt
        combination for transport of cement from mill out let to
 cement
        silo.
 
      - The Company undertook to expand the existing di ammonium
        phosphate plant from 500 to 1100 tpa at a cost of Rs 18.67
 crores
        based on technology supplied by Grand Parroise (GP) of France.
        Also expansion of its NPK plant was undertaken to increase the
        capacity from 500 to 1100 tap at a cost of Rs 46.18 crores
 based
        on technology from Grand Parroise of France.
 
      - Approval was received from requisite authorities for
 amalgamation
        of Indian Furniture Products Ltd. (IFP) with the company IFP
 is
        an EOU with facilities to manufacture ready to assemble
 furniture
        at Kakalur, Tamil Nadu.
 
      - IFP had entered into a technical & financial collaboration
        agreement with M/s. Seribo France, one of the pioneers in
        manufacturing and marketing reading to assemble furniture.
 
      - Subject to necessary approvals being obtained the company
        proposed to issue 26252800 rights equity shares in prop. 1:1.
 
      - Pref. shares redeemed.  Authorised equity capital increased.
 
 1997 - To ensure the smooth and continuous production of NPK/DAP
 plants,
        the company has decided to set up additional captive power
        capacity and placed an order with M/s. Wartsila NSD, Finland
 for
        supply and erection of 6 MW DG set at a total cost of Rs 8.86
        crores.
 
      - 131,15,210 rights shares issued in prop. 1:1.  31,98,368
 shares
        issued to erstwhile Indian Furniture Products Ltd. on its
        amalgamation with the Company.
 
 1998 - With effect from 12th February, the name of Company was
 changed
        to Zuari Industries Ltd. from Zuari Agro Chemicals Ltd to
        represent all the activities of the company.
 
      - For the first time among Indian corporates, Zuari Leasing and
        Finance Corporation, a subsidiary of Zuari Industries of the
        K K Birla group, has disclosed in its balance sheet that it
 has
        paid Rs.15.69 lakh as tax to the Income-Tax Department under
 the
        Voluntary Disclosure of Income Scheme (VDIS).
 
      - Zuari Industries Ltd. said that its operations have been
        affected because of a strike by contract labourers in its
        packing and despatch section at its fertiliser division in
 Goa.
 
      - Gautier India Ltd, a 50:50 joint venture between Groupe
 Seribo,
        France and Zuari Industries Ltd, will launch an exclusive
 range
        of entertainment furniture in India.
 
 1999 - Zuari Industries, the K.K. Birla group company, is tying up
 with
        Groupe Seribo of France to forge a 50:50 joint venture which
        will market state-of-the art furniture products manufactured
 at
        its Chennai factory.
 
      - The company undertook further expansion of complex fertiliser
        capacities to 3.30 lakh tonnes per annum from 1.50 lakh tonnes
        per annum at Rs. 41.70 crores and installation of captive
 power
        generation facilities.
 
      - Leading the race is Gautier India Ltd, a furniture
 manufacturing
        company set up by Zuari Industries Ltd, belonging to the KK
 Birla
        Group, in collaboration with Groupe Seribo of France.
 
      - Zuari Industries was able to present the record of its
        transactions, the faster was the collection process from the
        government.
 
      - The company also has interests in furniture and cement
        manufacturing.  For fertilizers the company has tied up with
        Grand Parroise of France to improve quality of its products
 like
        Urea, Ammonia, and Diammonium Phosphate (DAP).
 
 2000 - The Italcementi Group and Zuari Industries Ltd (ZIL) have
 reached
              an agreement to create a 50:50 joint venture company,
 which will
               take over the cement activities of ZIL.
 
           - The Company proposes to enter into a joint venture
 agreement with
              Ciments Francais and Italcementi Group company for
 carrying on
              the cement business as a separate joint venture company.
 
           - The Company has signed an agreement with Italcementi Spa,
 Italy on 2nd
              August, for carrying on its cement business as a joint
 venture.
 
           - Indian Furniture Products, a division of Zuari Industries
 of the K K Birla group, has 
             launched its Zuari furniture range in Bangalore.
 
 2001 - The cement division of Rs 4000 crore KK Birla group company
 Zuari Industries, has
               been hived off into a separate company called Zuari
 Cement Ltd.
 
           - The Company is signing an MoU for acquiring 76 per cent
 stake in Greentech Seeds
              International Pvt. Ltd. Bangalore, which is in the
 business of production and marketing of
              hybrid seeds of vegetables and other crops.
 
           - The Company has acquired themajority stake in GreenTech
 Seeds International Pvt Ltd. 
             and GSIPL has become the subsidiary of the company.
 
 2002
              -Zuari Maroc Phosphates becomes subsidiary of Zuari
 Industries
     
            -Paradeep Phosphates becomes a subsidiary of Zuari
 Industries
 
            -AF Ferguson & Co (AFF) has withdrawn as auditor for
 Zuari Industries Ltd.         
  
 2003
 -Board approved the issue of Cumulative Redeemable Preference Shares
 aggregating to Rs 1000 million instead of Rs 2000 million approved
 earlier.
 
 -- The Zuari Cement unit near Yerraguntla in Cudappah district was
 closed down by the management due to labour unrest
 
 
 2007
 
 -Zuari Industries Ltd has entered into Joint Venture Agreement with
 Israel Chemicals Ltd for establishment of water soluble NPK
 Fertiliser Plant with an initial capacity of 10,000 tonnes per year
 
 -Zuari Industries Ltd has appointed Mr. J N Godbole as an Additional
 Director of the Company with effect from August 01, 2007.
 
 2009
 
 - Zuari Industries Ltd has informed that the Board of Directors of
 the Company at its meeting held on May 15, 2009, has appointed Mrs.
 Jyotsna Poddar as Additional Director of the Company with immediate
 effect.
 
 - Zuari Industries Ltd has informed that the Company has entered into
 a Gas Transmission Agreement with GAIL (India) Ltd on May 26, 2009 for
 transportation of gas to Company's plant at Zuarinagar, Goa for use as
 fuel/feed stock.
 
 - Zuari Industries Ltd has informed that the Board of Directors of
 the Company at its meeting held on July 21, 2009 has appointed Air
 Chief Marshal (Retd.) Mr. S P Tyagi as Additional Director of the
 Company with immediate effect.
 
 2010
 
 -Zuari Industries has acquired 100 shares of AED 1000 each of Globex
 Ltd
 
 -Zuari Industries has acquired 50,000 shares of Zuari Fertilisers and
 Chemicals Ltd.
 
 -Mr. H. S. Bawa has been appointed as the Executive Vice Chairman of
 the Company 
 
 2011
 
 -Zuari Industries has acquired 20,00,000 shares of Zuari Holdings
 Ltd.
 
 -ZuariIndustr Investment in joint venture Company in Singapore
 
 2012
 
 -The name of the company has changed from Zuari Industries Limited to
 Zuari Global Limited.
 
 -Mrs. Jyostna Poddar has been appointed as Whole-Time Director of the
 Company
 
 2013
 -Zuari Global has recommended a dividend of 20% i.e. Rs. 2.00 per
 share.
 
 2014
 -Soundaryaa IFPL Interiors Limited has become subsidiary of Zuari
 Global Limited.
 -Zuari Global has recommended a dividend of 10% i.e. Rs. 1.00 per
 Share.
 
 2015
 -Zuari Financial Services Limited has become a wholly owned
 subsidiary of Zuari Global Ltd 
 
 
 2019
 -Company has acquired around 48.98% (approx) shares of Forte
 Furniture Products India Private Limited(FFPL) from Indian Furniture
 Products Limited(IFPL) , a subsidiary of the Company.

2022
-Company name has changed to Zuari
 Industries Ltd. from Zuari Global Ltd.