| YEAR EVENTS
1974 - The company was incorporated on 13th September at Mumbai. The
company manufactures Citric Acid, Calcium Carbonate &
Plasticizers. The company was promoted by John & E Sturdia Ltd.,
U.K. The Bombay Dyeing & Manufacturing Company Ltd., and Sturdia
Chemicals Ltd., Mumbai.
- The company entered into a technical collaboration with the
company John & E. Sturge Ltd., in U.K. for manufacture of citric
acid.
- Towards the payment of imported plant and equipment, the Company
was to allot to the collaborators 11,00,000 No. of equity shares
of Rs 10 each. The collaborators were to supply the technical
know-how for the manufacture of citric acid.
- 10,001 shares subscribed for by the signatories to the Memorandum
of Association; 10,44,317 shares allotted without payment in cash
to John & E. Sturge, Ltd., U.K., 1,49,500 shares allotted to The
Bombay Dyeing & Mfg. Co. Ltd.; 79,000 allotted to Chemicals,
Ltd. and 2,12,999 shares allotted to directors and shareholders
of Sturdia Chemicals, Ltd.
1978 - 15,04,183 shares issued at par through a prospectus dated
10.1.1997; 55,683 shares reserved for allotment to John & E.
Sturge, Ltd., U.K. without payment in cash. 1,48,500 shares
reserved to The Bombay Dyeing & Mfg. Co. Ltd. and 13,00,000
shares offered for public subscription during February 1977.
1983 - Jasper Investment Ltd. a wholly owned subsidiary of Sturdia
chemicals Ltd. became subsidiary of the company on Sturdia's
amalgamation with the company.
- With effect from 1st April, Sturdia Chemicals Ltd., was
amalgamated with the Company. As per the scheme of amalgamation,
the company issued 3 equity shares of Rs 10 each for every two
equity shares held in Sturdia Chemicals Ltd. (SCL), by the
erstwhile shareholders of SCL. Totally 22,50,000 No. of equity
shares of the Company were allotted to the erstwhile shareholders
of Sturdia Chemicals Ltd., as on 2nd November, 1984.
1984 - 22,50,000 No. of equity shares issued without payment in cash to
the members of Sturdia Chemicals, Ltd., on its merger with the
Company.
1985 - The working was adversely affected due to lock-out at the Surat
plant from 30th December. The lock out at the Surat plant was
lifted on 15th May, 1986.
- It was proposed to expand the installed capacity of citric acid
from 5,000 tonnes to 8,000 tonnes per annum. Efforts were also
being made for further modernisation of the Hrishikesh plant by
installation of new equipment and instrumentation.
1987 - The Company successfully commissioned the anaerobic effluents
discharged in the process of manufacturing citric acid at the
Surat plant.
- 18,68,735 No. of equity shares cancelled as per the scheme of
reduction of capital.
1988 - The company issued 2,00,000-14% secured non-convertible
debentures of Rs 100 each on private placement basis. These are
redeemable at a premium of Rs 5 per debenture in 1995-96.
1989 - The Company privately placed with Army Group Insurance
Directorate 1,15,000-14% secured non-convertible debentures of Rs
100 each. These are redeemable at premium of 5% in 1997.
1990 - The Company issued 4,95,000-14% secured non-convertible
debentures of Rs 100 each. These are redeemable at a premium of
Rs 5 per debenture in three equal annual instalments from
1996-97.
1991 - The Company successfully commissioned a 10 MT/hr fuel efficient
oil-fired boiler at the Rishikesh plant.
1992 - The Company with a view to improve the yield and productivity of
the fermentation process proposed to examine a new recovery
technology.
1994 - The Company under took to modernise and expand the calcium
carbonate plant.
1995 - A more productive strain of citric acid fermenting organism to
reduce usage of raw material was introduced. The Company
evaluated various proposals for debottlenecking plant capacity.
- The Company received a sum of Rs 500.0 lakhs from ICICI
sanctioned in participation with other financial institutions
towards modernisation of its citric acid plant at Surat.
2002
-H C Pandya ceases to hold office of Director in Citurgia Biochemicals.
2004
-Mr. S R Lohokare has been appointed as Managing Director.
2013
-Change of registered office of the Company to "6/C, Ostwal Park, Building No. 4, CHSL, Near Jesal Park, Jain Temple, Bhayandar East, Thane, Mahararashtra - 401105".
2018
-The Company has splits its face value from Rs. 10/- to Rs. 2/-.
|