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Paushak Ltd. Company History and Annual Growth Details

YEAR EVENTS
1972 - The Company was incorporated on 6th May, with the Registrar of
Companies, Karnataka State at Bangalore. The Certificate of
Commencement of Business was obtained on 16th July. The main
objective of the company is to manufacture Traders, merchants,
importers, exporters and buyers and also representatives or
agents of manufacturers.

- The Company is at present handling the marketing and distribution
of drugs and pharmaceuticals, pesticides and Indian made foreign
liquors manufactured by Alembic Chemical Works Co. Ltd., Baroda,
Paushak Ltd., Baroda and Nirayu Pvt. Ltd., Whitefield, Bangalore
respectively. The company has established a Data Processing
Services Centre at Bangalore, with the installation of a
NELCO/S/5000 fourth generation computer.

1977 - 12,000 shares subscribed for by the promoters, directors, their
friends and associates, etc.

1982 - The contribution to profits was mainly from Alembic Chemical
Works Co. Ltd., partly due to price increase in their products.
The data processing services started acquiring outside jobs and
was getting stabilised in its activities and services.

1983 - 5,000 shares of Rs. 100 each issued at par for public
subscription in September.

1984 - The Company received a setback in its operations on account of
prolonged industrial unrest in the factory of Alembic Chemical
Works Ltd. The strike by the workmen there had since been called
off.

1987 - The Company had taken up the marketing of Yeraware and glass
containers which contributed to the profitability.

- 7,000 No. of equity shares issued at par to the public.

1988 - M/s. Sierra Investments Ltd., became a subsidiary of the Company.

1989 - The Glassware division and Fibre division contributed to the
better performance of the Company.

1991 - The Company proposed to set up a project for manufacture of
`Quinolones', a new generation drug, in the Panchmahal district
of Gujarat.

- Subject to necessary approvals being obtained, the Company
proposed to issue 20% to 21% non-convertible debentures
aggregating Rs. 200 lakhs either by way of Rights to shareholders
or by way of private subscription to one or more financial
institutions and/or banks/or mutual funds and/or bodies corporate
(private or public).

- The Company proposed to sub-divide its equity shares of Rs. 100
each to shares of Rs. 10 each.

- After the sub-division of shares, the company proposed to issue
2,40,000 bonus equity shares of Rs. 10 each in proportion 1:1.

- After the issue of bonus shares, the company proposed to issue
19,20,000 rights equity shares of Rs. 10 each at a premium not
exceeding Rs. 30 per share in proportion 4:1.

- Another 96,000 No. of equity shares of Rs. 10 each at a premium
not exceeding Rs. 30 per share were proposed to be offered to the
employees of the Company (including working directors) on an
equitable basis.

2006

-Company has changed its name from Darshak Ltd. to Paushak Ltd.

2007

-Paushak has designated E-mail ID for Investor Complaints: [email protected]

2009

-Paushak has recommended dividend at Rs 2/- per share

2010

-Paushak has recommended dividend at Rs 2/- per share

2011

-Paushak has recommended dividend at Rs 2/- per share

2012
-Paushak has recommended dividend at Rs 2/- per share

2013
-Mr. Atul Patel has been appointed as Additional Non-Executive Independent Director of the company.
-Board has ecommended a dividend of Rs. 3/- per share, i.e. 30% of the company.

2014
-Paushak has recommended dividend of Rs. 3/- per share i.e. 30% on the equity shares.

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