YEAR EVENTS 1990 - The Company was incorporated on 21st November, at Gwalior M.P. It was promoted by S.S. Arora, J.P. Agarwal and K.C. Sharma. The main objectives of the company is to manufacture refined vegetable oil solvent extraction oil and oil cake. - The company undertook to set up a solvent extraction plant for manufacure of soyabean oil and de oiled cakes. Land measuring 8.69 acres was obtained at Nagpur Kalan Village, in the Itarsi district of Hoshangabad in MP. M/s. Glanptech Agro Processes Pvt. Ltd., Mumbai supplied the extraction plant while the continuous oil refinery plant was being supplied by M/s. Alfa Laval (India) Ltd. M/s. Thermax Ltd. supplied a boiler of capacity 3 TPD. 1995 - 24,20,000 No. of equity shares of Rs. 10 each subscribed by promoters, directors and their friends. 21,20,000 No. of equity shares of Rs. 10 each were issued through a prospectus during February of which 5,00,000 shares reserved and allotted to NRIs including FSIs on repatriation basis. - Of the remaining the following were reserved for allotment on preferential basis: - (1) 10,000 shares to employees (only 20,000 shares taken up); - (2) 4,00,000 shares to Indian Mutual Funds (75,000 shares taken up). Balance 12,10,000 shares along with 3,33,000 shares not subscribed under preferential quota issued to the public. 2007 -Shri. Kailash Chand Sharma has been appointed as the Managing Director. 2008 -The Company designated the email id exclusively for grievance redressal division / compliance officer. 2014 -Mrs. Nikita Attri has been appointed as Company Secretary and Mr. Ritesh Sharma as Chief Financial Officer of the Company. |
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