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Rajshree Sugars & Chemicals Ltd. Company History and Annual Growth Details

YEAR EVENTS
1985 - The Company was Incorporated on 13th December at Chennai. It was
proposed by G. Varadaraj of the Rajshres group, Mydur Anand,
R. P. Venugopla and Ms. Rajshres Pathy. The company undertook
to set up a sugar plant to crush 2500 TPD of cane and production
of 250 TPD of sugar.

1990 - 6,550 No. of shares subscribed for by signatories to the
Memorandum of Association. 95,43,450 No. of equity shares of
Rs 10 each were issued for cash at par of which the following
were reserved for allotment on a firm basis: (i) 36,66,250 No. of
shares to promoters, their associates, etc. (ii) 11,07,200 No. of
shares to NRIs on repatriation basis. (iii) 5,00,000 shares to
SBI Mutual Fund and (iv) 2,50,000 shares to UTI. Of the
remaining 4,77,500 shares were reserved for allotment on a
preferential basis to employees. Of the Company and promoter
companies (only 2,36,200 shares taken up). The remaining
35,22,500 shares along with 2,41,300 shares not taken up by
employees' were issued for public subscription during September,
1989 (all were taken up). Additional 9,90,850 shares were
allotted to retain oversubscription (1,28,350 shares to promoters
and 8,62,500 shares to the public).

1991 - The Company received a letter of intent for establishing a
distillery unit with an installed capacity of 12,000 KLS per
annum of industrial alcohol. Government allotted mollasess for
the proposed distillery unit.

1992 - During October-November the Company offered 1,05,850 equity
shares of Rs 10 each on Rights basis in the proportion 1:1.

1993 - 105,40,850 No. of equity shares of Rs 10 each for cash at par
allotted to the shareholders on rights basis in the ratio of 1:1.

1995 - The Company has successfully implemented first phase of the
project to implement a co-generation system with an installed
capacity of 12 MW with an additional 3MW as standby.

1996 - The Company has acquired Assets relating to the Textile Mill from
Rajshree Spinning Mills Ltd. for an aggregate consideration of
Rs 19.72 crores.

- 16,10,000 No. of equity shares of Rs 10 each at par allotted to
Financial Institution on conversion of loans.


2000 - The Company has entered into an agreement for sale of the Textile
Division pursuant to the resolution under section 293(1)(a).

2003

-Rajshree Sugars & Chemicals Ltd has informed the that Mr. R Varadaraj has been appointed as an additional Director of the Company w.e.f. June 6, 2003.

2004

-Delists Shares from Delhi, Ahmedabad & Madras Stock Exchanges

2010

- Rajshree Sugars & Chemicals Ltd has appointed Dr. K. Mohan Naidu as Director of the Company at the Board Meeting held on May 17, 2010.

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