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Pioneer Distilleries Ltd. Company History and Annual Growth Details

The Company was originally incorporated as a Public Limited Company on 25.11.1992 under the name GANGA ORGCHEM LIMITED with Registrar of Companies, Andhra Pradesh and obtained certificate of commencement of business on 30.03.1993. The name was changed in the Extra-Ordinary General Meeting held on 04-07-1994 and a revised certificate of incorporation obtained from Registrar of Companies, Andhra Pradesh. The Company had shifted its Registered Office to the State of Maharashtra & certificate of Registration of the Order of the Company Law Board confirming the shift in Registered Office was Issued by the Registrar of Companies, Maharashtra on 26th July, 1995. The project of the company was appraised by Industrial Development Bank of India (IDBI) and the Company was sanctioned term loan assistance by IDBI, Life Insurance Corporation of India (LIC), Indian Renewable Energy Development Agency (IREDA) and SICOM Ltd., to the extent of Rs.1,050 Lakhs and an equity capital assistance of Rs.150.00 Lakhs by SICOM. The Project implementation work was taken up by the promoters in 1993-94 and the project is in an advanced stage of completion.

2009

- Pioneer Distilleries Ltd has informed that the Board of Directors of the Company approved the appointment of Sri. C V Krishnaiah as an Additional Director (Non-executive Independent) on the Board of the Company with effect from March 02, 2009 by passing resolution by circulation.

2010

-M/s N G Rao & Associates, Chartered Accountants has been appointed as Statutory Auditors of the Company

-Mr. Santhosh Kumar Keerthi, appointed as the Company Secretary and Compliance Officer of the Company.

2011
-Registered Office of the Company has been shifted From 8-2-311/C, Mithila Nagar, Road No. 10, Banjara Hills, Hyderabad - 500 034 To UB HOUSE, Plot No. 36, Street No. 4, Srinagar Colony, Hyderabad - 500 073.

2012
-JM Financial Institutional Securities Pvt Ltd, informed Open Offer to the Public Shareholders of the Target Company to acquire up to 2,466,168 fully paid up equity shares.


2013
-Mr. Chhaganlal Jain has been appointed as an Additional Director.

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