1981 - The Company was incorporated on 24th April as a private limited
company at Uttar Pradesh.
1982 - It was converted into a public limited company on 26th May 1982
and a fresh certificate of incorporated was obtained on 14th
June. The main object of the company is extraction of Oils by
Solvent process mainly from ricebran and oil cakes. It was
promoted by V N Khandelwal and Dinesh Khandelwal.
- The Company had set up a solvent extraction plant with the
capacity of processing 15,000 tonnes per annum based on 300 days
of working at Akrampur, Kanpur. The capacity was increased to
30,000 tonnes per annum.
1986 - During August, the Company offered 8,35,000 No. of equity shares
of Rs 10 each for cash at par. Of which 2,00,000 shares were
offered to the existing shareholders on right basis with a right
to dispose of any unsubscribed portion in the manner deem fit,
35,000 shares were offered to the promoters, directors, 2,40,000
shares to NRIs, 30,000 shares to Employees and the balance
3,30,000 share were offered to public.
1996 - 1,47,500 No. equity shares were held by Promoters, Directors,
their friends and relatives. 7,62,500 No. of equity shares were
issued through prospectus.
2000 - The Company decided to convene on 29th February for issue of
13.5% Cum.Red. preference shares of Rs 100/- each and proceeds of
the same to be utilised partly for redumption of existing
preference shares alongwith arrear of dividend thereon.
-Delist equity shares with the Delhi Stock Exchange (DSE) with effect from March 31, 2005.