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AGRO DUTCH INDUSTRIES LTD.

04 December 2020 | 02:48

Industry >> Food Processing - Dairy/Fruits/Others

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ISIN No INE135B01014 BSE Code / NSE Code 519281 / AGRODUTCH Book Value (Rs.) -86.45 Face Value 10.00
Bookclosure 30/09/2015 52Week High 3 EPS 0.00 P/E 0.00
Market Cap. 7.88 Cr. 52Week Low 2 P/BV / Div Yield (%) -0.02 / 0.00 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
YEAR EVENTS 1992 - The company was incorporated as a Public Limited Company on 29th May, in the name and style of Indo Dutch Foods Limited. Subsequently on 29th July, the name was changed to Agro Dutch Foods Limited. The certificate of commencement of business was obtained on 24th August.

- The Company has been promoted by Punjab Agro Industries Corporation Limited in the joint sector with Mr. Malvinder Singh Bhinder and his Associates.

- The Company is engaged in the cultivation, processing and canning of fresh white button mushrooms under sterile conditions with an installed capacity of 5100 TPA. The unit has been registered with the Government of India as a 100% Export Oriented Unit vide their letter dated 12th December 1991.

- The company offered 7,80,000 No. of Equity shares of Rs 10/- each for cash at par aggregating to Rs 78,00,000 on rights basis to the existing shareholders of the company, in the ratio of six equity shares for every hundred equity shares held.

1993 - The Company had entered into an agreement on 7th March with M/s. Dalsem Veciap b.v., Netherlands for implementation of the original project.

- The Company has 2 DG sets of 880 KVA and one DG Set of 6000 KVA as standby arrangement.

1994 - The Company has also received the approval from Government of India for expansion of the existing capacity from 4,000 TPA to 15,000 TPA vide their letter No.PER:235 (1994)/EOB/213/94 DATED 12th July.

- The Company has neither faced any labour problems/closures nor have any mergers or reorganisations taken place since incorporation of the Company.

1996 - The Company has entered into an agreement on 10th June with Industrial Development Bank of India for a term loan of Rs 500 lakhs.

- The company is setting up the expansion project at the existing premises and would acquire additional land for warehouse purposes.

- The Company has entered into a Legal Agreement with NOIDA Export Processing Zone, NOIDA and capital goods are being imported in accordance with the agreement.

1998 - The International Mushroom Market witnessed a very sluggish period. The price realisation fell southways adversely affecting the performance of mushroom industry in general.

- The Company has installed power capacitors and centrifugal chillers which are saving around 20 percent of energy.

1999 - The company raised its processing capacity to 8,577 tonnes by adding new growing rooms.

- The company is engaged into manufacturing of canned and white button mushroom. It has a technical collaboration with Dalsem of Holland besides Transchem and Agro Dutch, a number of other companies in this industry from India have similar tie ups with Dalsem.

- Agro Dutch Foods, with a capacity of 10,200 tonnes per annum for mushroom cultivation, plans to expand its capacity to 30,000 tpa over the next two years.

- Agro Dutch Foods, a Chandigarh-based agro produce company, has reportedly signed an agreement with Unilever to sell mushrooms for the next three years.

2000 - The Company to issue 10,00,000 No. of equity shares of Rs. 10/- each at a premium of Rs. 140/- per shre on preferential basis to M/s. Kanan Foods Inc., USA an Overseas Corporate Body.

- The Board proposed to increase the authorised share capital of the company from Rs 16 crores to Rs 26 crores.

2002-Agro Dutch Industries Ltd has informed BSE that Mr C Parthasarathy and Mr Dilsher Bhinder have resigned from the Board of Directors of the Company.Further, Mr Arvind Kalra has joined the Board of Directors of the Company as outside Professional Director.

2003 - Mr. Dilsher Bhinder, has been appointed as Additional Director of the Company.

2005

-Delist equity shares from Jaipur Stock Exchange, Madras Stock Exchange and Ludhiana Stock Exchange under voluntary delisting of SEBI Guidelines 2003.

-Agro Dutch Industries Ltd Issues Rights in the Ratio of 1:1

2008

-Agro Dutch Industries Limited has appointed Mr. Vivek Atri as new Company Secretary and Compliance Officer.

2010

- Agro Dutch Industries Ltd has designated Mr. Vivek Atri as Chief Financial Officer (CFO) & CS of the Company.

2012

-Mr. Vivek Atri has been appointed as a Deputy Managing Director of the Company.

-Mr. Harpreet Singh Nagra has been appointed as a Whole Time Director of the Company.

2014

-Mr. Malvinder Singh has been appointed as a Executive Chairman of the Company.