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Vimal Oil & Foods Ltd. Company History and Annual Growth Details

M/s Vimal Oil & Foods (Vimal) was incorporated on 14th May 1992. It received the certificate of commencement of business on 19 May 1992 from the Registrar of Companies, Gujarat.

The company has embarked upon a project for setting up a 200 TPD solvent extraction and 50 TPD edible refined oil plant at village Hanumant Heduva, Dist. Mehsana (North Gujarat).

Presently the company is engaged in the production of edible oils in its edible oil refinery which commenced commercial production on 25.09.93. Vimal is promoted by a group of qualified entrepreneurs viz. Shri Chandubhai I Patel ,Shri G K Patel, Shri J C Patel and Shri K S Patel from Mehsana (Gujarat)

2003

-Members approve delisting from Delhi Stock Exchange

M/s. Vimal Oil & Foods Limited (Vimal) was incorporated on 14th May,
1992. It received the certificate of commencement of Business on 19th
May, 1992 from the Registrar of Companies, Gujarat. The Company is
engaged in the production of edible oil in its edible oil refinery which
commenced commercial production with a 50 TPD capacity in September,
1993.

The Company made the Public Issue of 27, 50, 000 Equity Shares of Rs. 10/-
for cash at par aggregating Rs. 2,75,00,000/- in March, 1994 to part finance
the project for setting up a 200 TPD Solvent Extraction Plant which was
commenced in December, 1994.

In the year 1995, additional Oil Refinery capacity of 100 TPD was commenced.
In the year 1995, the Company has set up a Wind Mill at Survey No. 128,
Mouj: Kalyanpur, Tal: Kalyanpur, Dist: Jamnagar. The Company has set up
a Milk Powder plant in the year 1997 at Village: Hanumant Heduva, Nr.
Palvasna Railway Crossing, Highway and Mehsana- 384 002.

In the year 2003, refining capacity was enhanced to 80,000 TPA (approx. 300
TPD). The said expansion was funded by term loan and internal accruals.

The Company is exporting the De-oiled Cake (DOC), a by-product under the
solvent extraction to various foreign countries. The Company has been
presented with the Export Awards in the years 1998, 1999 and 2001. The
Company has obtained One Star Export House status from the office of the
Joint Director General of Foreign Trade, Ahmedabad on 18th October, 2005
which is valid from 01.04.2005 to 31.03.2009.

The Company has adhered to the Quality Management System Standard
of ISO 9001: 2000 issued by the Det Norske Veritas (DNV).

MAJOR EVENTS IN THE HISTORY OF THE COMPANY:

Year Events

1992 Incorporation of the company as the limited company
1993 50 TPD capacity refinery of Cotton seed/Rapeseed Oil was commenced
1994 200 TPD Solvent Extraction Plant was commenced
1995 Additional Oil Refinery capacity of 100 TPD was commenced
1995 Company has set up a Wind Mill
1997 Company has set up a Milk Powder plant
1998 Award for the highest Exporter of Rapeseed De-oiled cakes (DOC) in
India during the year 1997-98 from the Solvant Extraction Association
of India.
1998-99,
2000-01 Award for the Second Highest Exporter's of Rapeseed DOC for the
year 1998-99, 2000-01
2001 Company has also ISO 9001 : 2000 Registration for Quality System
Certification from DNV, Netherlands
2003 Refining capacity was enhanced to 80,000 TPA. (approx. 300 TPD)
2006
-Implementation of Customised Enterprise Resource Planning System

2007

-The company has issued rights in the ratio of 3:5 at a premium of Rs.15/- Per Share.

2011

- Mr. Alkesh B Patel has been appointed as an Additional Director (Independent and Non Director) of the Company.

2012

- The Company has allotted 8,70,000 equity shares of Rs. 10/- each at a price of Rs. 65/- (at a Premium of Rs, 55/-) to some of the allottees.

2013
-Vimal Oil & Foods Ltd has recommended Dividend of Rs. 1.20 per Equity Share and Re. 0.60/- per Preference Share and Re. 0.80/- per Preference Share.

2014
-The Company has allotted 36,00,000 equity shares of Rs. 10/- each at a price of Rs. 105/- (at premium of Rs. 95/-).

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