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Vijay Solvex Ltd. Company History and Annual Growth Details

YEAR EVENTS
1987 - The Company was incorporated on 29th December. It was promoted
by N.L. Data, V.K. Data, B.L. Data and D.K. Data. The company's
objects is to manufacture mustard oil, soya bean oil, ground nut
oil etc. and soya oil cake, ground nut oil cake mustard oil cake
etc.

- The Company set up a 100 TPD solvent extraction plant, a 25 TPD
vegetable oil refinery.

1992 - The company's solvent extraction plant was expanded to 2500 TPD
and that of the refinery to 50 TPD. The company has its own oil
seed crushing plant with a capacity 880 TPD. It has a completely
integrated plant for manufacture of vegetable oil and refined
vegetable oil. The company also manufacture compounded cattle
feed in which deoiled cake of the solvent plant is consumed.
The rest of the oil cake deoiled cake was exported either
directly or through export houses. The company sell its
vegetable oil under the brand name "Scooter". The Company's
plant is situated on a piece of land admeasuring 850 sq. mtrs. in
the old industrial area, Ifarana Road, a notified backward area
in the Alwar district of Rajasthan.

1994 - The Company undertook to set up a plant for manufacture of
vanaspati ghee with an installed capacity of 50 TPD, a plant for
manufacture of washing soap with an installed capacity of 6 TPD
to expand the seed crushing capacity from 80 TPD to 180 TPD and
carry out modification to the existing refinery plant.

- For the Vanaspati plant M/s. Alfa Lavel (I) Ltd. supplied a
plant. A Memorandum of Understanding was entered into with
M/s. Mectech Engineers Pvt. Ltd., who were to provide technical
specification of all equipments required for the project,
selection of all plant and machinery etc.

- 22,56,196 No. of equity shares allotted to promoters (Of these
7,50,000 shares allotted on 31st March 1990 which includes
15,500 shares issued for consideration other than cash.
14,56,126 bonus shares issued in ratio 1.82:1.

1995 - The Company amalgamated Jaipur Glass and Potteries works Ltd.
(JGPWL) with itself. Accordingly, 19962 shares were allotted to
the erstwhile shareholder of JGPWL in the prop. 1 share for every
13 held by them in the erstwhile company.

- The amalgamated JGPWl company applied for putting up a five star
hotel on a vacant land admeasuring 13000 sq. yards.

- During June 1995, the company issued 8,50,000 No. of equity share
at a prem. of Rs.40 per share to the public through prospectus.
Additional 20,200 shares allotted to retain oversubscription.

1996 - The labour trouble in the ceramic division which commenced on
3rd October was amicably settled on 21st March, 1997.

- The company received an export order to supply of 1,35,000 coffee
mugs from U.K. A new shuttle kiln was erected for bone-China.
Crockery bisque firing and the glost furnaces was converted into
diesel firing from electric leading to savings in cost.

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