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Girdharilal Sugar & Allied Industries Ltd. Company History and Annual Growth Details

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".
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