|The Company was incorporated on 3rd September, 1984 as a Private Limited Company and was subsequently convented into a Public Limited Company on 13th January, 1986.
It was promoted by NRI Investors Inc, Republic of Panama, wholly owned by Ramsinganis, the promoters of Rama Group of Companies.
The Company undertook to set up a project for the manufacture of 66,000 tpa of Single Super Phosphate (SSP) and 33000 tpa of Sulphuric Acid at Indore in Madhya Pradesh.
Production at the SSP Plant, commenced from 27th September 1987 and that of the Sulphuric acid plant from 23rd March, 1988.
The company entered into an agreement with M/s S S Engineering Consultants (India) Pvt Ltd, for technical know how inclusive of designs, details of engineering and site supervision etc.
-0ut come of AGM
Delisting of its share from Ahmedabad, Delhi, Madras, Madhya Pradesh and Kolkata Stock Exchanges.
Authority to the Board of Directors to give on lease the Indore Oil Division of the Company.