| YEAR EVENTS
The Company was Incorporated as a public limited company on 14th October 1992, at Gujarat. The Company Engaged in the business of solvent extraction and refining of oil.
1993 - The Company obtained its certificate for commencement of business
on 1st January. The company was engaged in the business of
trading of deoiled cake. The Company was promoted by Arvind
Shah, Piyush Vora and Vinod Mehta.
- The Company proposed to set up a solvent extraction plant with a
capacity for processing 100 tonnes per day of Soyabean seed or
150 tonnes per day of rapeseed/groundnut cake. Besides, the
company would also set up an oil refinery plant with an installed
capacity of refining 20 tonnes per day of oil at Jamnagar,
Gujarat.
1995 - During January, the Company offered 32,06,959 No. of equity
shares of Rs.10 each for cash at par of which 8,35,859 shares
were offered to the promoters, Directors, their friends and
relatives. 5,69,000 shares were offered to NRIs, 4,64,000 shares
were offered to Mutual Funds, 4,20,100 shares were offered to the
Financial Institutions, and the balance 9,18,000 shares were
offered to public. (All were accepted. Additional 4,100 shares
were allotted to retain oversubscription).
1996 - 4,64,141 No. of equity shares issued, subscribed and paid up.
32,11,059 No. of equity shares issued through prospectus.
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