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Resonance Specialties Ltd. Company History and Annual Growth Details

Armour Polymers Limited was incorporated on 1st June, 1989 as a
Private Limited Company in the State of Maharashtra and the
Company became a Public Limited Company with effect from 3rd
March, 1990.

Armour Chemicals Limited, the Promoter Company was founded by Dr
Atma B Gupta, a technocrat with extensive experience in teaching
and research, both in India and abroad. The company set up its
manufacturing facilities at Ankleshwar in 1984 at an investment
of Rs 16 lacs for manufacture of Ampicillin Trihydrate and
Amoxycillin Trihydrate. By 1991 the company has achieved a
turnover of Rs 47 crores with a post-tax profit of Rs 1.84
crores. Today, Armour Chemicals Ltd. exports about 70% of its
production to European countries, USSR and China.

Today Amour Chemicals Ltd. is one of the major producers of several
sterile bulk drugs in India and is well known for its innovative
R & D and short gestation period of up-scaling the technology in
various chemical processes.

Armour Chemicals Ltd is the flagship company of the Armour Group
which has a combined turnover of Rs. 65 crores. Apart from Armour
Chemicals Ltd., the group includes

1. Vista Organics (P) Ltd, is one of the major producers of
Pyrazinamide, an anti-TB drug in India. It also manufactures
INH, another anti-TB drug, Niacin, Niacinamide, Vitamin and feed
supplements, Erythromycin, the well known antibiotic and Zinc
picolinate for exports. Its factory is located at Mandideep,
Madhya Pradesh.

2. Armour Biotech (P) Ltd. has been recently formed to market
Formulated pharmaceuticals. It has the distinction of having a
wide range of anti-cancer drugs in its spectrum of activity.

3. Armour International is the export arm of the Armour Group
and specializes in international marketing.

4. Vista Finance and Leasing (P) Ltd. and Ushma Investment (P) Ltd
are new companies promoted for the purpose of carrying out leasing,
investment and financing activities.

These companies have recently acquired property which they intend
leasing to companies within as well as outside the group. Their
proposed participation in the equity of Armour Polymers Ltd will
mark the beginning of their investment activities.


2012
-Mr. L. R. Daga has been appointed as additional director of the Company.
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