| Sayaji Industries Ltd. started as corn wet milling Unit with a modest corn crushing capacity of one Ton/Day in Ahmedabad, mainly to cater to its own textile Units besides the other textile units located in the city. It has gradually developed facilities to manufacture modified starches and other derivatives like liquid glucose, dextrose monohydrate, dextrose anhydrous, sorbitol etc and is amongst the front runners in the corn wet milling business.
1941 - The company was incorporated on 30th January, at Baroda. Its
objects and activities include the manufacture of starch and its
derivatives and drugs and pharmaceutical.
1952 - The name of the company was changed from Hindustan colour
chemical and manufacturing company Limited to Maize Product
Limited the name was again changed to the present one w.e.f 24th
August 1956.
1954 - 1,000 - 4% Pref. shares and 1,000 - 4% III Pref. shares issued as
Bonus shares.
1955 - The shareholders of Shri Sayaji Mills Co., Ltd., which was
amalgamated with the Company, were issued 15,000 No. of Equity
Shares, 3,000 B Pref. shares 10,500 Second B Pref. shares, 2,100
Third Pref. shares, 2,100 Fourth Pre shares, 7,037 Fifth Pref.
shares and 2,100 Sixth Pref. shares without payment being
received in cash.
1961 - On 1st September, the company sold its former Sayaji Mills No. 2
to Rajesh Textile Mills Limited. The company purchased on 14th
December, all the fully paid up equity shares of Shri Shubhalaxmi
mills Limited, which became a subsidiary of the company. The
company sold all the shares later on to Shri Subhalaxmi Mills
Limited on 8th October, 1972, whereupon it ceased to be a
subsidiary.
1966 - In 1956/57, 20,000 - 6% Special Pref. shares and 30,000 No. of
Equity shares issued for cash at par. In 1966/67, 10,000 Bonus
Equity shares issued in the prop. 1:5.
1973 - The Company developed a new project at an estimated cost of Rs 80
lakhs for the manufacture of sorbitol with a capacity of 2000
TPA. It is used in chemicals, pharmaceuticals and other fields.
1981 - The old double effect evaporator was replaced by one triple
effect evaporator.
1982 - The triple effect evaporator which was under installation was
commissioned. A new drier was also installed.
1984 - The 2500 KW pass-out back pressure turbine was installed. High
Efficiency boiler was established at the Chalakudy plant.
1986 - In April 15% non-convertible debentures of Rs 200 lakhs were
privately placed with UTI for working capital purposes.
1987 - 4.5% B II Pref. shares consolidated.
1991 - The renewed agreement with Amylum, Belgium for the upgradation of
technology of the Maize products unit was being implemented by
installing certain machineries and equipments for achieving
better results, improvement in quality of finished products and
effecting reduction in the cost of production.
1993 - The Company established a new plant for the manufacture of
"Mannitol" used as antioxidant in foods, pharmaceuticals and
cosmetic products.
1994 - The agreements with M/s. Amylum of Belgium for updation of
technology by the Company's Unit was under implementation by
installation of certain machineries and equipments for improving
the quality of finished products and effecting reduction in the
cost of production.
1997 - All the pref. shares redeemd at par on 31st March 1998.
2018
-Company has splits its face value from Rs. 10/- to Rs. 5/-.
-Company has commenced its new state -of- the- art Dextrose Monohydrate Plant at its present factory premises located at P.O. Kathwada, Maize Products, Ahmedabad-382430.
2022
-Sayaji Industries Limited has commenced commercial production of its new spray drying division located at Kathwada, Ahmedabad. The division has a capacity of approx. 1800 MTs per annum and has been set up with capex of approx. Rs. 25 Crores. The unit will manufacture spray dried products like tomato powder, fruit and vegetable powders, fat powder, non- dairy creamers and other such products which cater to Industries like Food, FMCG, Flavors and Seasonings etc.
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