Our Company was incorporated on January 24, 1994 as ITC Zeneca Limited with its registered office situated at Hyderabad in the State of Andhra Pradesh, India. Our registered office was shifted to the State of Karnataka pursuant to a resolution of the shareholders on December 17, 2001. ITC Zeneca Limited was formed as a joint venture between ITC Limited, an Indian company and Zeneca Limited, a company incorporated under the laws of England, with the objective of research and development, production, marketing and sale of hybrid seeds. In April 1994, ITC Zeneca Limited acquired the seeds business of Hysun India Limited. Pursuant to the restructuring of the businesses of ITC Limited and Zeneca Limited, ITC Limited transferred it shareholding (held through one of its group companies) in ITC Zeneca Limited to Agro Tech Foods Limited (formerly known as ITC Agro Tech Limited) on April 18, 1998 and Zeneca Limited transferred its shareholding in ITC Zeneca Limited to Advanta Lambda B.V. (formerly known as Zeneca Lambda B.V. and controlled by Advanta B.V.) on March 10, 1997. Pursuant to these changes, the name of ITC Zeneca Limited was changed to Advanta India Limited on September 30, 1998, having passed a special resolution under Section 21 of the Companies Act. In 2004, Syngenta acquired control over the Advanta group worldwide by acquiring the entire shareholding of the group holding company Advanta B.V., a company incorporated under the laws of Netherlands. Syngenta, whilst retaining the Advanta group's North American corn, soybean and Agripro Wheat businesses, sold the rest of Advanta group's worldwide business to Fox Paine and Company, LLC, a United States based private equity firm. Fox Paine and Company, LLC, sold businesses of the Advanta group worldwide to various purchasers, except certain businesses held by Advanta Lambda B.V. On March 24, 2005 Advanta Lambda transferred its shareholding in Advanta India to Advanta Netherlands Holding B.V., whilst on July 31, 2005, Agro Tech Foods Limited transferred its shareholding in Advanta India to Advanta Finance B.V. On February 14, 2006, Bio-win Corporation Limited, a Mauritius based subsidiary of UPL, acquired Advanta Netherlands Holdings B.V. from Fox Paine and Company, LLC. (held through Advanta Holdings Luxembourg). Subsequently, on March 17, 2006, Advanta Finance B.V. and Advanta Netherlands Holdings B.V., sold their respective shareholdings in Advanta India to Bio-win Corporation Limited. Consequently, Advanta India became a wholly owned subsidiary of Bio-win Corporation with effect from March 17, 2006. Advanta India acquired 180 ordinary shares of Euro 100 each in Advanta Holdings B.V. on March 21, 2006. Consequently, Advanta Holdings B.V. became a wholly owned subsidiary of Advanta India, with effect from that date. On March 30, 2006, Advanta Holdings B.V. acquired the shareholding of Bio-win Corporation Limited in Advanta Netherlands Holdings B.V. Pursuant to this, Advanta Netherlands Holdings B.V., Advanta Finance B.V., Advanta International B.V., Pacific Seeds Holdings (Thai) Limited, Advanta Semillas SAIC, Argentina, Pacific Seeds Pty. Limited, Pacific Seeds (Thai) Limited and Advanta Africa Seeds (Proprietory) Limited, the direct and indirect subsidiaries of Advanta Holdings B.V., became the subsidiaries of Advanta India. UPL acquired the shareholding of Bio-win Corporation in Advanta India on August 3, 2006. As a result, Advanta India became a wholly owned subsidiary of UPL. Date Event March 1998 We commenced operations of our second seed processing plant in India at Medhcal, Andhra Pradesh July 7, 1997 We launched sale of commercial hybrid rice October, 1997 We launched sale of commercial hybrid hyola for the first time April, 2000 Det Norske Veritas certified that the management systems standard of the Company are in compliance of the standard ISO 9001: 2000 March, 2004 International Seed Testing Association accredited our quality contol lab at Kurnool to be in compliance of the standard ISO 17025 as it meets the both the domestic and international product quality standards March, 2004 Det Norske Veritas certified that the environment management systems of the Company are in compliance of the standard ISO 14001:2004 March, 2006 Our Company became a wholly owned subsidiary of Bio-win Corporation Limited 2008 -Advanta India Ltd has informed that the Board of Directors of the Company at its meeting held on January 02, 2008 have approved the proposal of change of Registered Office of the Company. Consequently, the registered office of the Company is shifted from ARS, Koppa Road, Begur Post, Bangalore, Karnataka to Golden Seeds (A Divn. of Advanta India Ltd) B - 22, Brigade MM Building, K R Road Cross, Yediyur, Bangalore, Karnataka from January 02, 2008. - Advanta India Limited has informed that the Board of Directors in their meeting held on October 31, 2008 have appointed Mr. H.K. Agarwal, a member of the Institute of Company Secretaries of India as the Company Secretary and Compliance Officer of the Company, with effect from November 01, 2008. 2009 - Advanta India Ltd has informed that the Board of Directors of the Company at its meeting held on January 05, 2009, has approved the proposal of Shifting of Registered Office of the Company from 493/A, 27th Cross, 18th Main, Judicial Layout, GKVK Post, Bangalore-560 065 to # 301 & 302, II Floor, Ram Infantry Manor, 70 Infantry Road, Bangalore - 560 001, with effect from January 15, 2009. 2010 - Advanta India stated that its American unit had acquired U.S.-based Crosbyton Seed Company (CSC) for an undisclosed amount. |
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