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अस्टेक लाइफ > कंपनी इतिहास > Pharmaceuticals > कंपनी इतिहास का अस्टेक लाइफ - बीएसई: 533138, NSE: ASTEC

अस्टेक लाइफ

बीएसई: 533138  |  NSE: ASTEC  |  ISIN: INE563J01010  |  Pharmaceuticals

कंपनी इतिहास - अस्टेक लाइफ
Our Company was incorporated on January 25, 1994 under the Companies
 Act, 1956 as Urshila
 Traders Private Limited. Our Company was originally promoted by Mrs.
 Reena Bagai and Mrs.
 Avita Fernandes. Their shareholding was purchased by Mr. Ashok V
 Hiremath and Mr. Pratap
 Garud on February 11, 1994. The name of our Company was changed to
 Astec Chemicals Private
 Limited on August 19, 1994 and further to Astec LifeSciences Private
 Limited on March 3, 2006.
 With effect from April 27, 2006, Astec LifeSciences Private Limited
 was converted into a public
 limited company under the name of Astec LifeSciences Limited.
 
 We carry out our manufacturing activities at two locations in
 Maharashtra, India comprising of
 three units in Maharashtra viz. one unit at Dombivli and two units at
 Mahad (Unit 1 and Unit 2).
 We started our first manufacturing unit in August 1994 by acquiring a
 sick unit in Dombivli,
 Maharashtra having an installed capacity of 120 MT for the
 manufacture of Dicap, a
 pharmaceutical intermediate.
 
 With a view to expand our operations, we entered into an agreement
 with Behram Chemicals
 Private Limited on February 18, 2002 for using and operating their
 manufacturing facilities located
 at B-16, Mahad Industrial Area, Sub-District Mahad, District Raigad,
 Maharashtra. Behram
 Chemicals Private Limited was engaged in manufacture of chemicals and
 pesticides having an
 installed capacity of 130 MT.
 
 Behram Chemicals Private Limited was initially promoted by Mr.
 Jehangir J. Mistry, Mrs. Villoo J.
 Mistry, Mrs. Kamla G. Sippy and Mr. Surinder Kumar Verma in April,
 1993. During August, 1998
 further shares were allotted to M.C. Chemicals and some members of
 Gangani family viz. Mr.
 Nasrudin K Gangani, Mr. S. N. Gangani, Mrs. N. N. Gangani, Mr. T. K.
 Gangani and Khoja Bone
 Mills Private Limited (a company promoted by Gangani family). Looking
 at the potential in
 Behram Chemicals Private Limited, our Company have acquired 65.63%
 share by entering into
 Share Purchase Agreement with the above members of Gangani family on
 April 2, 2007. Mr.
 Jehangir J. Mistry, Mrs. Villoo J. Mistry, Mrs. Kamla G. Sippy and
 Mr. Surinder Kumar Verma,
 M.C. Chemicals and Gangani family are not related to our Promoters /
 our Directors in any
 manner in any capacity whatsoever. With this acquisition, Behram
 Chemicals Private Limited
 became a subsidiary of our Company. 
 
 During 2003-04 we expanded total installed capacity of our units
 (Dombivli and Mahad) from 250
 MT to 500 MT. We renewed the agreement on August 1, 2004 for a
 further period of 66 months
 ending on January 31, 2010. For more details in respect of the
 current agreement.
 
 In 2004, we acquired a plot located at B-17, Mahad, Maharashtra and
 set up a new manufacturing
 facility as an Export Oriented Unit (EOU) in the year 2005 (as Unit
 2) which is located adjacent to
 Unit 1 with an installed capacity of 1000 MT. With the commissioning
 of Unit 2 our total installed
 capacity increased to 1500 MT. We further expanded our total
 capacities to 2000 MT during 2006-
 07 and to 2500 MT during 2007-08.
 
 Our Company is primarily involved in the production of active
 ingredients and intermediates for
 agrochemicals and pharmaceutical segment. Hexaconazole, Tebuconazole,
 Metalaxyl and
 Propiconazole are some of our key products in agrochemical segment
 which are generally used in
 crop protection and Dicap is one of our key Pharmaceutical
 intermediate which is used in
 manufacture of antifungal agents. Triazole fungicides, which includes
 Hexaconazole,
 Tebuconazole, and Propiconazole is one of our major product in the
 agrochemical segment, and
 has contributed 63.67% to our total sales whereas Dicap, a key
 product in pharmaceutical segment
 has contributed 9.01% during FY 2007-08.
 
 Major events of our Company
 
 Period                       Events
 
 January 1994       Incorporation of Urshila Traders Private Limited
 
 August 1994        Change of name to Astec Chemicals Private Limited
 
 August 1994        Commenced first manufacturing unit at Dombivli,
 Maharashtra
 
 May, 2001           Certified ISO 9002 by International Standards
 Certification Pty
                               Limited, Australia
 
 February 2002     Entered into an agreement with Behram Chemicals
 Private Limited
 
 March 2005         Re-certified ISO 9001:2000 by International
 Standards Certification Pty
                               Limited, Australia
 
 May 2005           Commenced another manufacturing unit (Unit 2) as
 Export Oriented
                             Unit at Mahad, Maharashtra
 
 March 2006        Change of name to Astec LifeSciences Private
 Limited
 
 April 2006            Conversion of our Company from a private
 limited company to a
                              public limited company
 
 January 2007      Established Astec Europe in Tournai, Belgium
 
 April 2007           Behram Chemicals Private Limited became our
 subsidiary by
                             acquisition of 65.63% vide Share Purchase
 Agreement dated April 2,
                             2007
 
 2011
 -Registered Office of the Company has been shifted 5, 5-A, 4th Floor,
 Kamanwala Chambers, Sir P. M. Road, Fort, Mumbai - 400001 To Elite
 Square, 7th Floor, 274, Perin Nariman Street, Fort, Mumbai - 400001.
 
 2012
 
 -   Astec has entered into an exclusive long term contract with a
 multinational company to manufacture and supply a fungicide
 
 
 -  Astec Recommended a dividend of fifty paise per share (i.e. 5% on
 the face value of Rs.10/- each)
 
 2013
 -Astec Lifesciences Ltd has Recommended a dividend of Seventy Five
 paise per share (i.e. 7.5%  on face value of Rs. 10/- each).
 -Mr. Ravindra Inani as Chief Financial Officer (CFO) of the Company.
 
 2014
 -Appointed Dr. Leena Raje as the new Woman Director.
 -Astec Lifesciences Ltd has recommend enhanced dividend of Rupee One
 per share (i.e. 10% on the face value of Rs. 10/- each.
 
 
 
 
 
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `4363.61 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `3550.33 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `1553.92 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `967.08 Cr की बिकवाली
  • MARKET CUES : इंडेक्स ऑप्शंस में `481.32 Cr की खरीदारी
  • MARKET CUES : स्टॉक फ्यूचर्स में `2011.90 Cr की खरीदारी
  • MARKET CUES : स्टॉक ऑप्शंस में `27.78 Cr की खरीदारी
  • RELIANCE : RIL ने PM Care फंड में `500 Cr की राशि दी
  • CS ON L&T : Outperform रेटिंग, लक्ष्य घटाकर `1,100/Sh
  • CS ON INDIGO : Outperform रेटिंग, लक्ष्य `1850/Sh

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