YEAR EVENTS 1989 - Satnam Overseas Limted was incorporated on 26th July as a private Limited company with the Registrar of companies Delhi and Harayana at New Delhi under the Indian Companies Act, 1956 with the main object to manufacture and export rice. It was converted into a public limited company on 9th December, 1992. - Satnam Overseas Limited has beem promoted by the Arora family from Amritsar. Sri Jugal Kishore Arora, Sri Satnam Arora and Sri Gurnam Arora are the main promoters of the Company. - The Company is an associate of the Satnam Overseas Group, which is known for its present in Rice Trade since 1979. 1994 - The Company came out with a public issue of 40 lakhs Equity Shares of Rs.10/- each for cash at a premium of Rs.7/- per share aggregating to Rs.680.00 lakhs in the month of January/February. 1995 - The Company has launched its premium quality branded pulses on the national level. - The company issued 40,00,000 No. of equity shares of Rs.10/- each at a premium of Rs.7/- per share during the year. 1997 - The company launched a new product - tea bags under the brand name of "Viceroy". 1998 - The Company has tied up with few big companies in different countries for Export of Rice, Pulses and other products. - The Company has bagged award from WORLD ECONOMIC FORUM in view of its excellent contribution towards global growth. - The Company allotted 56,00,000 No. of Equity Shares of Rs. 10/- each fully paid-up by way of Bonus Shares. 2000 - In a bid to boost basmati exports under its `Kohinoor' brand, Satnam Overseas Ltd is setting up a wholly-owned marketing subsidiary in the US. - The company received the prestigious APEDA Award for the Ninth Year in succession for the outstanding export performance during the year. - The company has tied up with a multi-national Company in Saudi Arabia to market rice under our own Brand in Saudi Market, which constitutes over 70% of the total Basmati rice market of the world. - The Company has entered into agreement with National Securities Depository Limited and Central Depository Services (India) Limited to facilitate holding and Trading of shares in electronic form. 2004 -Satnam Overseas ties up with Amazon.com for rice trade 2006 -Satnam Overseas Ltd - Set up a Frozen Food processing facility at Bahalgarh 2007 - Company name has been changed from Satnam Overseas Ltd to Kohinoor Foods Ltd. 2008 -Kohinoor was honoured with Guinness certificate for entering the Guinness Book of World Records on 1st March, 2008. The record was set by making the "World's Largest Biryani", weighting 14,060 kgs in New Delhi. 2009 - Kohinoor Foods Limited has informed that M/s Nath Ahuja & Co., Chartered Accountants, has been appointed as Statutory Auditor of the Company by the Board of Directors in terms of Section 224(6) of the Companies Act 1956, in their meeting held on July 08, 2009. 2011 - Joint Venture Between McCormick & Co and Kohinoor Foods. 2012 - Mr. Sandeep Kohli, has been appointed as an Additional Director, designated as an Independent Director of the Company. |
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article