1989 - The Company was incorporated on 27th October as a Public Ltd. Co. The Company was promoted by Premier Proteins Ltd. and other group Cos. and by G. L. Agrawal and R. K. Agrawal. The Company was setting up a sugar project with a capacity of 2500 TCD, expandable to 3500 TCD, at village Ghatva, Tehsil Thikri, M. P. 1994 - The Company proposed to commence commercial production by November. 1995 - The crushing started from 29th November. During the sugar season 217,315 MT of sugarcane was crushed and 70% of capacity utilization was achieved. - The Company proposed to set up a distillation project of 30,000 LPD for proper utilisation of and value addition in molasses. - 58,38,900 shares of Rs 10 each subscribed by the promoters, their friends, relatives and associates. 115,61,100 shares were issued through prospectus out of which 34,86,100 shares were reserved for allotment to Premier Proteins Ltd. and 20,75,000 shares to Associates/Group Companies/friends/relatives of the promoters. Another 60,00,000 shares were reserved for preferential allotment of which 85,400 shares to employees (only 21,800 were taken up), 6,00,000 shares to promoteres (all were taken up). 9,00,000 shares to Mutual Fund (Only 8,70,000 shares were taken up). The remaining 44,14,000 shares along with the unsubscribed portion were allotted to public 945,08,200 shares were taken up. 1996 - The turnover of the Company rose to Rs 23.54 crores as against Rs. 7.66 crores in the previous year. However, profitability was affected due to higher interest costs and low sugar sales price. 1997 -The turnover stood almost at the same level as in the previous year at Rs 32.19 crores due to low sugarcane crushing on account of lack of availability of capital. -The Company became a sick industrial company, as per Section 3(1)(0) of Sick Industrial Companies (special Provision) Act, 1985. Accordingly a reference was made to Board for Industiral And Financial Reconstruction (BIFR). 2015 -Girdharilal Sugar & Allied Industries Ltd Shifting Registered Office address Industrial Area No. 1, A. B. Road, Dewas - 455001 (M.P) Telephone No. 07272 - 258502, 258503, 258504. 2016 -Girdharilal Sugar & Allied Industries Ltd has informed that the website of the Company has been Change from "www.Premierind.in/web" to "www.gsail.org". |