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Sudarshan Chemical Industries Ltd. Company History and Annual Growth Details

YEAR EVENTS
1951 - The company was incorporated in 19th February at Pune as a
private limited company and converted into a public limited
company on 31st December 1974. It manufactures inorganic and
organic pigments and intermediates.

1968 - 2,250 Bonus shares issued on 10th April 1969.

1970 - 25,000 Bonus shares issued in proportiion 1:1 on 30th June 1971.

1973 - The company entered into a 5 year technical collaboration
agreement with Sericol AG of Switzerland and Sericol Group Ltd.
for the supply of technical knowhow for the manufacture of
fluorescent pigments including fluorescent pastes fluorescent
dispersions and other related products.

- 50,000 Bonus shares issued in proportion 1:1 on 23rd May 1974.

1975 - On 8th January, the company entered into a 8 years technical
collaboration agreement with Sanyo Colour Works Ltd. For the
manufacture full range of synthetic pearl essences including
drawings designs and specification of plant and machinery.

- On 21st January, the company entered into a technical
collaboration agreement with Allied Chemical Corporation USA for
the sale and transfer of process, technology and plant design for
the manufacture of 3.3 dichor benzindine and dihydro chloride.

- Bright Pearl Products Ltd. is a subsidiary of the company.

1976 - Shares sub-divided on 26th July 1975. 13,00,000 shares offered
at par to the public in December.

1978 - Shares fully paid-up. 2,70,000 shares issued at par to financial
institutions on conversion of loan.

1979 - As a measure of diversification, the company undertook to set up
a project for the manufacture of organophosphorus pesticides at
Roha in Maharashtra.

- Allotted 60,000 shares to IFCI in July 1978 and 66,000 shares to
ICICI in Feb. on conversion of loans.

1980 - The Company had undertaken another project at Roha for the
manufacture of diazion.

1981 - The interest rate on 13.5% III series 75,000 secured redeemable
debentures of Rs. 100 each and additional 1% linked with dividend
was subsequently, with the approval of Government, was raised to
15% and dividend linked additional interest was withdraw. These
debentures were being redeemed in four equal annual instalments
beginning at the end of 7th year from the date of allotment, i.e.
1st December.

- The funds raised through II and III series debentures were only
utilised for working capital purposes.

1982 - The Company undertook a project for the manufacture of cadmium
pigments in technical collaboration with an American
manufacturer.

1989 - The Company undertook expansion programme for its plants at Roha.

- 11,50,000 shares issued to Dainippon Ink & Chemicals Inc. Japan
on 17th November.

1990 - The Company proposed to set up a new plant in Mahad in
collaboration with Dainippon Ink and Chemicals, Inc., Japan. The
project was to be implemented out in two phases.

1991 - The Company proposed to undertake a project at Roha to increase
the production of Azo pigments.

1992 - During September/October, the Company issued on rights basis
7,69,200 No. of equity shares at a premium of Rs. 100 per share
in the proportion of 1:5. The issue was reported to be
oversubscription.

2000 - Sudarshan Chemical Industires will increase its organic pigment capacities
to cater to the demand in the overseas markets.

2003- 1) nomination of Mr. T Miyashita has been withdrawn and therefore ceased to be Director of the Company; 2) Mr. T Tanaka is ceased to be Alternate Director to Mr. H Asano and has been appointed as Director in place of Mr. T Miyashita; 3) Mr. K Kudo has been appointed as Alternate Director to Dr. Koji Oe; 4) Nomination of Mr. H Nozawa has been withdrawn and therefore ceased to be Alternte Director to Mr. T. Tomiyama; 5) Nomination of Mr. M Ishimori has been withdrawn and therefore ceased to be Alternate Director to Dr. Koji Oe; 6) Mr. H Wakabayashi has been appointed as Alternate Director to Mr. T. Tomiyama; 7) Mr. K Ideta has been appointed as Alternate Director to Mr. T Tanaka; 8) Mr. N Tsuji has been appointed as Director of the Company in place of Mr. H Asano; 9) Mr. N Miyake has been appointed as Alternate Director to Mr. N Tsuji; 10) Nomination of Mr. M Takahashi has been withdrawn and therefore ceased to be Alternate Director to Mr. T Miyashita; 11) Nomination of Mr. H Asano has been withdrawn and therefore ceased to be Director of the Company.
 
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