|The Company originally incorporated on 24.11.1988 as a Private
Limited Company under the name and style of Raghava Sugars (P) Ltd, became under section 43A a Public Limited Company on 26.3.1990. The name of the company was changed from Raghava Sugars Private Limited to Empee Sugars & Chemicals Limited at the time of conversion as a Public Limited Company under section 44 on 3.5.1990 and a fresh certificate of incorporation was obtained. The main objects of the company are fully set out in Memorandum and Articles of Association and also detailed elsewhere in the prospectus. The immediate object of the company is to set up a sugar factory for manufacture of White Crystal Sugar with a crushing capacity of 2500 TCD at Ayyapareddipalem Village, Naidupet, Nellore District, Andhra Pradesh.
Empee Sugars & Chemicals Ltd became subsidiary of Empee Distilleries Ltd on 26.3.90 by virtue of Empee Distilleries Ltd holding 51.09% share in the paid-up capital of Empee Sugars & Chemicals Ltd. After the Public Issue, Empee Distilleries will cease to be the holding company of Empee Sugars & Chemicals Ltd. The percentage of holding of Empee Distilleries Ltd after the
issue in Empee Sugars & Chemicals Ltd would be around 40.
The project was Promoted by Shri M Sreenivasulu Reddy and Shri M Sudhakar Reddy, Shri M P Purushothaman is associated with Project actively since March 1990. The company is a member of a Group of Companies which has diverse interests in Hotels,
Distilleries,Finance and Exports, Mr M P Purushothaman is a well known Businessman in Tamil Nadu, Mr M P Purushothaman is the promoter of M/s Empee Distilleries Ltd, Empee-Hotels (P) Ltd (owners of Madras International Hotel) South India Hotels Ltd (Owners of New Victoria Hotel), Empee Leasing & Finance Ltd and Aruna Travels (P) Ltd.
Empee Distilleries Ltd has a distillery unit with a capacity of 2500 cases per shift per day of rectified spirit and is located at Mevaloorkuppam Village, Chengal MGR District of Tamil Nadu. The company's turnover for the year ended March 31,1991 was Rs 403 lakhs on which it earned Profit before interest and Depreciation of Rs 8 lakhs.
Empee Hotels (P) Ltd, is operating under its control Madras International a 4 star hotel located in the heart of Madras City. The Empee Group is also operating New Victoria Hotel a 3 star hotel in Madras City.
2001 - The Company has allotted 2,50,00,000 No. of equity shares of Rs 10 each at a discounted price of Rs 4 per share to Empee Distilleries Ltd on a preferential basis.
-Empee Sugars & Chemicals Ltd has appointed Ms. Nisha Purushothaman as an Additional Director under section 260 of the Companies Act, 1956.
- Empee Sugars & Chemicals Ltd has informed that the Board of Directors have appointed Mr. Shankar Menon, S/o. Late. K A Menon, as Additional Director of the Company w.e.f. June 29, 2009 subject to retirement by rotation at the General Meeting.