| YEAR EVENTS 1993 - The Company was originally incorporated as a Private Limited Company on 24th June under the Companies Act 1956. The Company was subsequently converted into a public limited company on 5th January 1994, in terms of the special resolution dated 15th December 1993 passed under sec 31(1)/44 of the Companies Act, 1956. - The Company proposes to set up a project for the manufacture of Folic Acid and Niacin with an installed capacity of 18 MT and 130 MT per annum respectively. A pilot plant has been established and the samples produced have passed the quality grade test for IP, BP and USP. - The Company has been engaged in the planning, obtaining of various clearances/approvals and implementation of the project for manufacture of Folic Acid and Niacin. 1995 - The Company has tied up with Delta Trade International Ltd. of United Kingdom for buy-back of its products for five years from the date of first consignment. 1996 - The Company has commenced commercial production of Niacin on 3rd November. - The Company also entered into U.S.A., South American Countries, Brazil and Thailand Markets to name a few, where the demand for your Company's products is much higher compared to the other countries. 1997 - Shri. V. Rao Bathina, Director of the Company has resigned from the board due to his pre occupation 2001 - The Company has signed an agreement with NSDL, CDSL, Venture Capital and Corporate Investments Ltd, Hyderabad (R&T agents), for dematerialisation. |
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