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Punjab Chemicals and Crop Protection Ltd. Company History and Annual Growth Details

YEAR EVENTS
1975 - The Company was Incorporated on 19th November. The company's
objects is to manufacture of malathion and other agro-chemicals
and pesticides.

- The company entered into a technical and financial collaboration
with Excel Industries Ltd. (Excel) for the manufacture of
malathion technical. Punjab State Industrial Development
Corporation (PSIDC) also subscribed to 26% of the equity capital
of the Company.

- The Company applied to Govt. for registration for the manufacture
of 600 tonnes of Di-ethyl Oxalate (DEO).

- All shares taken up by promoters, directors, etc.

1976 - Issued 1,87,360 shares to PSIDC and 1,87,500 shares to Excel
Industries, Ltd. 3,75,000 shares then issued at par of which
7,500 shares reserved and allotted to PSIDC. The balance
3,67,500 shares offered to the public in February 1977.

1981 - Power connection for the oxalic acid unit was given in July and
the trial runs were started. The Company planned to manufacture
quinaphos technical in the same existing malathion plant with
some minor modifications. The Company also received a letter of
intent for the manufacture of ethyle acetate (500 tonnes per
annum). The existing facilities were used to produce Ibuprofen,
a widely accepted drug in the market, from August 1986.

1984 - The name of the company was changed from Punjab United Pesticides
and Chemicals Ltd., to its present one.

1987 - In June 1988, 1,87,500 shares were offered at par as rights in
prop. 1:4 (all were taken up). Another 50,000 shares were
offered to employees and directors, but only 42,400 shares taken
up. The balance 7,600 shares were allowed to lapse.

1989 - Equipments required to enhance the production capacity at the
Derrabassi factory were installed.

- 11,26,900 shares (including 1,47,000 shares as retention) were
offered as rights at (prem. Rs.30 per share; prop. 1:1). In
June - July 1989 of which 11,24,774 shares were allotted.
Allotment of another 138 shares to NRIs was pending. Another
56,295 shares (including retention of 7,300 shares) were offered
at a prem. of Rs.30 per share to employees and Indian working
directors but only 49,000 shares taken up. The balance 7,295
shares were allowed to lapse.

1990 - Manufacture of Sodium Nitrite from the waste Nox gases coming out
of oxalic acid plant commenced. Also production of sodium
oxalates and spray dried silica from the ash obtained after
burning rice husk in the boilers, commenced. Also SIA
registration was received to manufacture various oxalates with
bi-product sodium carborate.

2003

-The Punjab Chemicals and Pharmaceuticals Ltd has acquired Alpha Drugs India Ltd (ADIL), that manufactures Penicillin-based antibiotics and anti-bacterial drugs.

2004

-The Company changed its name from Punjab Chemicals and Pharmaceuticals Ltd to Punjab Chemicals and Crop Protection Ltd

-The Company recommended the issue of bonus shares in the ratio of 1:1

-The Company recommended a Dividend @50% (Rs 5/- per share).

2005

-The Company has appointed Shri. Ajit Sanghvi as an Additional Director of the Company and Cap. S S Chopra and Shri. Umesh Sanghvi as Directors of the Company.

-The Company Declared Dividend at the rate of 40%, i.e., Rs. 4/- per equity share.

2006

-The Company has entered into an Agreement with IA & IC Chem Pvt Ltd, having factory at Chiplun and have acquired its 100% shareholding at total consideration of Rs 4.618 million.

-Acquisition of SINTESIS QUIMICA, Argentina.

2007

-The Company has approved the proposal to invest through SD Agchem (Europe) NV, a wholly owned overseas subsidiary of the Company in Source Dynamics, Delaware LLC (SD), a Limited Liability Company in USA upto USD 2 millions for acquiring 20% membership interest in the SD.

2008

-Punjab Chemicals and Crop Protection Ltd (PCCPL) acquires 70% stake in Vadodara based agro-formulation Company Parul Chemicals Ltd (Parul) at an enterprise value of Rs 90 million.

-The Company has recommended a dividend @ 40% i.e. Rs 4/- for each equity share of Rs 10/- each.

2009

-The Company has recommended a dividend of Rs 1.50 (previous year Rs 4/- per share) for each equity share of Rs 10/- each.

2010
-Punjab Chemicals & Crop Protection Ltd achieves consolidated sale of Rs. 160 crores and EBIDTA of Rs. 9 crores.

2011
-Punjab Chemicals & Crop Protection has appointed Shri R. W. Khanna, Chief General Manager of EXIM Bank, as its Nominee Director on the Board of the Company.

2013
-Punjab Chemicals & Crop Protection appointed Shri S. P. Singh, Advisor, Operation Control Group of Export Import Bank of India, as Nominee Director on the Board of the Company.

-The registered office of the company has been shifted from old address to SCO: 183,15th Floor,Sector - 26, Madhya Marg, Chandigarh - 160019 Tel: 0172 - 5008300-1, Fax- 0172-2603621 E-mail: [email protected]

2014
-Punjab Chemicals and Crop Protection has appointed Smt Sihdhu Seth as the Additional Director of the Company.

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