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Sunil Agro Foods Ltd. Company History and Annual Growth Details

YEAR EVENTS
1988 - The Company was Incorporated as a Private Limited Company on 20th
January. The company's objects is Processers of wheat to maida,
atta and sooji.

1994 - It was converted into a public limited company on 13th April. It
was promoted by B. Shantilal, Kamala Bai, B.S. Vinod Kumar and
S. Pramod Kumar.

1995 - The Company undertook to double its production capacity to
60,000 tpa plant and Machinery were imported from M/s. Polimex
-Cekop of Pland and other machinery were procured indigenously.

- The Company entered into a technical arrangement with Narpinder
Kumar Gupta New Delhi, for technical drawings, selection of
imported machinery, etc.

- 7,20,000 No. of equity shares issued to promoters, directors etc.
22,80,000 No. of equity shares of Rs.10 each were then issued
through a prospectus during May 1995 as follows:

- (1) On firm allotment basis:

- (i) 7,80,000 shares to Indian promoters at a premium of Rs.8 per
share;

- (ii) 3,60,000 shares at a premium of Rs.15 per share to NRIs/OCBs

- (iii) 1,50,000 shares at a premium of Rs.15 per share to banks.
Of the remaining 13,400 shares reserved for allotment on a
preferential basis to employees. (Only 12,800 shares taken up).
Balance 9,76,600 shares along with 600 shares not taken up by
employees issued to the public.

2013

-The company recommended dividend of Rs. 0.50/- (5%) per fully paid up equity shares of Rs.10/- each.

2014

-The company recommended dividend of Re. 0.50/- (5%) per fully paid up Equity Shares of Rs. 10/- each.

2018

-The Company has commenced commercial production on the expanded capacity.

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