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Sudarshan Chemical Industries Ltd. Company History and Annual Growth Details

YEAR EVENTS
1951 - The company was incorporated in 19th February at Pune as a
private limited company and converted into a public limited
company on 31st December 1974. It manufactures inorganic and
organic pigments and intermediates.

1968 - 2,250 Bonus shares issued on 10th April 1969.

1970 - 25,000 Bonus shares issued in proportiion 1:1 on 30th June 1971.

1973 - The company entered into a 5 year technical collaboration
agreement with Sericol AG of Switzerland and Sericol Group Ltd.
for the supply of technical knowhow for the manufacture of
fluorescent pigments including fluorescent pastes fluorescent
dispersions and other related products.

- 50,000 Bonus shares issued in proportion 1:1 on 23rd May 1974.

1975 - On 8th January, the company entered into a 8 years technical
collaboration agreement with Sanyo Colour Works Ltd. For the
manufacture full range of synthetic pearl essences including
drawings designs and specification of plant and machinery.

- On 21st January, the company entered into a technical
collaboration agreement with Allied Chemical Corporation USA for
the sale and transfer of process, technology and plant design for
the manufacture of 3.3 dichor benzindine and dihydro chloride.

- Bright Pearl Products Ltd. is a subsidiary of the company.

1976 - Shares sub-divided on 26th July 1975. 13,00,000 shares offered
at par to the public in December.

1978 - Shares fully paid-up. 2,70,000 shares issued at par to financial
institutions on conversion of loan.

1979 - As a measure of diversification, the company undertook to set up
a project for the manufacture of organophosphorus pesticides at
Roha in Maharashtra.

- Allotted 60,000 shares to IFCI in July 1978 and 66,000 shares to
ICICI in Feb. on conversion of loans.

1980 - The Company had undertaken another project at Roha for the
manufacture of diazion.

1981 - The interest rate on 13.5% III series 75,000 secured redeemable
debentures of Rs. 100 each and additional 1% linked with dividend
was subsequently, with the approval of Government, was raised to
15% and dividend linked additional interest was withdraw. These
debentures were being redeemed in four equal annual instalments
beginning at the end of 7th year from the date of allotment, i.e.
1st December.

- The funds raised through II and III series debentures were only
utilised for working capital purposes.

1982 - The Company undertook a project for the manufacture of cadmium
pigments in technical collaboration with an American
manufacturer.

1989 - The Company undertook expansion programme for its plants at Roha.

- 11,50,000 shares issued to Dainippon Ink & Chemicals Inc. Japan
on 17th November.

1990 - The Company proposed to set up a new plant in Mahad in
collaboration with Dainippon Ink and Chemicals, Inc., Japan. The
project was to be implemented out in two phases.

1991 - The Company proposed to undertake a project at Roha to increase
the production of Azo pigments.

1992 - During September/October, the Company issued on rights basis
7,69,200 No. of equity shares at a premium of Rs. 100 per share
in the proportion of 1:5. The issue was reported to be
oversubscription.

2000 - Sudarshan Chemical Industires will increase its organic pigment capacities
to cater to the demand in the overseas markets.

2003- 1) nomination of Mr. T Miyashita has been withdrawn and therefore ceased to be Director of the Company; 2) Mr. T Tanaka is ceased to be Alternate Director to Mr. H Asano and has been appointed as Director in place of Mr. T Miyashita; 3) Mr. K Kudo has been appointed as Alternate Director to Dr. Koji Oe; 4) Nomination of Mr. H Nozawa has been withdrawn and therefore ceased to be Alternte Director to Mr. T. Tomiyama; 5) Nomination of Mr. M Ishimori has been withdrawn and therefore ceased to be Alternate Director to Dr. Koji Oe; 6) Mr. H Wakabayashi has been appointed as Alternate Director to Mr. T. Tomiyama; 7) Mr. K Ideta has been appointed as Alternate Director to Mr. T Tanaka; 8) Mr. N Tsuji has been appointed as Director of the Company in place of Mr. H Asano; 9) Mr. N Miyake has been appointed as Alternate Director to Mr. N Tsuji; 10) Nomination of Mr. M Takahashi has been withdrawn and therefore ceased to be Alternate Director to Mr. T Miyashita; 11) Nomination of Mr. H Asano has been withdrawn and therefore ceased to be Director of the Company.

2006

-The Board of Directors of the Company at its meeting held on June 30, 2006, inter alia, has recommended a final dividend of Rs 5/- per share (50%) subject to the approval of shareholders in the ensuing Annual General Meeting of the Company.

2007

-The Company has appointed Intime Spectrum Registry Ltd. as its Registrar and Transfer Agents. Members are requested to make all future correspondence at the following address of all matters concerning the shares :- Intime Spectrum Registry Ltd., Akshay Complex, Block No 202, 2nd Floor, Off Dhole Patil Road, Near Ganesh Temple, Pune 411 001. Phone No. 020 - 65203395/26053503. Telefax : 020 - 26053503. E-mail - [email protected]".

2008

-Mr. Rajesh B. Rathi, Director ( Promoter Member of Rathi Group) has acquired from the open market 51,118 equity shares of Sudarshan Chemical Industries Ltd (Target Company) at an average price of approximately Rs.140.00 per share.

2010

-The Board has appointed Mr. P. S. Raghavan, Company Secretary as Compliance Officer.

-The Company at its meeting held on May 29, 2010, has recommended dividend of Rs. 12.50/- per share on a face value of Rs. 10/- (125%) subject to the approval of the shareholders in the ensuing Annual General Meeting.

2011

-SudarshnChem - Sudarshan purchases Cosmetics natural mica pearlescent portfolio from Eckart.

2012

-"Sudarshan announces 5 Star safety ranking from British Safety Council".

-"Sudarshan announces Award of Sword of Honour from British Safety Council".

2013

-Board has recommended a dividend of Rs.12.50/- per share on a face value of Rs.10/- i.e. 125% for the year 2013.

2014

-Board has recommended a dividend of Rs. 15/- per share on face value of Rs. 10/- (150%) for the yaer 2014.
-Sudarshan Chemical Industries has announces bonus in the ratio of 1:1
-Sudarshan Chemical Industries has splits its face value from Rs 10/- to 2/-

2015
-Sudarshan Chemcials bags Six awards for Excellence in People Practices
-Mega Project" status by the Government of Maharashtra under the Package Scheme of Incentives
-Sudarshan's Incorporation of a Wholly-Owned Subsidiary (WOS) in China

2016
-The Company has won 4 awards at the World HRD Congress which was conducted in Mumbai.

2017
-Sudarshan Chemical commissions 8.24 MW Cogen plant at Roha.
-Sudarshan Chemical bags Golden Peacock Award for CSR.

2018
-Company Has Received The India CSR Award For CSR Community Initiative For FY 2017-18.

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