1943 - The Company was Incorporated at Phagwara (N.R.), Punjab. The
Company manufacture starch and oil. At present, the Company is
engaged in the manufacture of maize starch, dextrines and thin
1947 - 29,915 Bonus Equity shares issued in prop. 1:2.
1972 - 89,915 Bonus Equity shares issued in prop. 1:1.
1979 - 1,79,830 Bonus shares issued in prop. 1:1.
1981 - 1,19,887 Right Equity shares issued in prop. 1:3.
1984 - 1,99,900 shares issued.
1988 - 3,39,773 bonus equity shares issued.
1992 - During November/December, the Company issued 5,09,660 No. of
equity shares of Rs 10 each for cash at a premium of Rs 60 per
share to shareholders on Rights basis in the proportion 1:2.
- Another 25,483 No. of equity shares of Rs 10 each were issued to
employees' on an equitable basis (only 25,475 shares taken up).
- Vijoy Steel & General Mills Co. Ltd., & Sukhjit Finance Ltd., are
subsidiaries of the Company.
1993 - The Company undertook to set up a project for the manufacture of
dextrose monohydrate with an installed capacity of 2000 TPA.
Orders for plant and machinery were placed and the plant was
commissioned by 31st March, 1995.
- 15,54,555 bonus shares issued in prop. 1:1.
1994 - As per the meeting held on 2nd June, the Company proposed to
issue 6,00,000 No. of equity warrants to promoters. The warrant
entitles the holder to acquire one equity share of Rs 10 each
for cash at a premium of Rs 50 per share.
1997 - 5,81,000 No. equity shares of Rs 10 each at a prem. of Rs 50 per
-Dextrin plant catches fire on Oct 19, results in Rs 1 million loss
-Approved the Delisting of equity shares of the Company from the Delhi Stock Exchange Association Ltd and Ludhiana Stock Exchange Association Ltd.