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विप्पी इंडस्ट्रीज > कंपनी इतिहास > Edible Oils & Solvent Extraction > कंपनी इतिहास का विप्पी इंडस्ट्रीज - बीएसई: 519039, NSE: VIPPYSOLVX

विप्पी इंडस्ट्रीज

बीएसई: 519039  |  NSE: VIPPYSOLVX  |  ISIN: INE187E01027  |  Edible Oils & Solvent Extraction

कंपनी इतिहास - विप्पी इंडस्ट्रीज
YEAR                       EVENTS
 1973 - The company was incorporated in 29th September, as a private
        limited company it was converted into a Public Limited company
 
        on 3rd February 1986 and obtained Certificate from Registrar
 of
        Companies under the name Vippy Solvex Products Limited.  The
 main
        object of the company is to manufacture oils from soyabean
 and
        oil cakes by solvent extraction process.
 
 1974 - The Company installed a solvent extraction plant with a
 capcity
        of 18,000 tonnes per annum at Dewas.
 
 1976 - The plant capacity was increased to 30,000 tonnes per annum. 
 
 
 1980 - The capacity of the solvent extraction plant was further
        increased to 42,000 tonnes per annum and an oil refinery with
 a
        capacity of 6,000 tonnes per annum was installed in the same
        year.
 
 1981 - Subsequently in the capacity of the oil refinery was increased
 to
        20,500 tonnes per annum.  The company also runs a soya flour
        plant with a capacity of 3,000 tonnes per annum.
 
 1985 - All shares taken up by promoters, etc.
 
 1986 - The profitability, however, was adversely affected due to
        uneconomic prices of soyabean in the last quarter of the
 year.
 
      - The main objects of the public issue of equity shares during
 May
        were;
 
      - (i) to finance the normal capital expenditure 
 
      - (ii) to finance the working capital requirement and 
 
      - (iii) to get the equity shares of the company listed on Stock
 
        Exchanges.
 
      - Equity shares subdivided and authorised capital increased. 
        2,50,000 bonus equity shares of Rs. 10 each then issued in
 prop.
        5:2 and allotted on 31st March.  
 
      - 3,50,000 No. of equity shares of Rs. 10 each then issued at a
        premium of Rs. 2.50 per share out of which the following
 shares
        were reserved for preferential allotment:
 
      - (i) 1,40,000 shares to non-resident Indians with repatriation
        rights (all were taken up) and
 
      - (ii) 17,500 shares to employees (including Indian working
        directors)/workers of the company (only 3,400 shares taken
 up).
 
      - The balance 1,92,500 shares alongwith the unsubscribed portion
 of 
        14,100 shares out of the employees quota, were offered for
 public
        subscription during May-June.  
 
      - Additional 87,500 shares were allotted (prem. Rs. 2.50 per to
        retain over-subscription (35,000 shares to non-resident
 Indians
        with repatriation rights and 52,000 shares to the public.
 
 1987 - The Company undertook schemes for modernisation of its
 existing
        plant and expansion of capacity, by installing a new solvent
        extraciton plant of 200 MTD thereby raising the installed
        capacity from 100 MTD to 300 MTD (on seed basis).
 
      - During September-October, the Company offered 1,24,026 - 14%
        secured redeemable convertible debentures of Rs. 150 each as
        follows: 
 
      - (i) 1,18,120 debentures to shareholders of the company on
 rights
        basis in the proportion 15 debentures: 100 equity shares
 (only
        12,989 debentures taken up).
 
      - (ii) 5,906 debentures to the employees (including Indian
 working
        directors)/workers of the company.
 
      - The unsubscribed portion of 11,11,037 debentures were allotted
 on
        private placement basis.
 
      - The convertible portion of Rs. 50 of the face value of each
        debenture was to be converted into 5 equity shares of Rs. 10
 each
        at par on the expiry of six months from the date of allotment
 of
        debentures.
 
      - The non-convertible portion of Rs. 100 of the face value of
 each
        debenture was to be redeemed at par in 4 equal instalments of
 Rs.
        25 each at the expiry of 7th, 8th, 9th and 10th year from the
        date of allotment of debentures.
 
 1988 - 6,20,130 No. of equity shares issued in part conversion of
 14%
        debentures (3,22,705 No. of equity shares allotted on
 12.9.1990).
 
 1989 - During the year, the Company was accorded the status of an
        Export House.
 
 1991 - The company enhanced the capacity to double its liquid
 protein
        plant and put up a pilot plant to produce soya protein
        concentrate.  Production of lecithin started and the product
 was
        well accepted in the market.  During the year, the solvent
        extraction plant was modernised and technological upgradation
 in
        process of edible soya protein was undertaken.
 
 1992 - In June, the Company offered 7,03,815 No. of equity shares of
 Rs.
        10 each at a premium of Rs. 15 per share on rights basis in
 prop.
        of 1:2 (all were taken up).  Additional, 1,04,989 shares were
        allotted to retain oversubscription.  Another 35,190 shares
 were
        issued to employees (including Indian working
 directors)/workers
        of the Company on equitable basis (only 31,700 shares were
 taken
        up).
 
      - 8,40,504 Right Equity shares issued (prem. Rs. 15; prop.
 1:2).
 
 1994 - During the year, the company launched Vama refined oil in 15
        litre tins.  This has encouarged the company to launch 1
 litre
        pouch, 2 and 5 litre HDPE poly jar.
 
      - The company undertook to set up a solvent extraction plant of
        1000 tonnes per day capacity and a continuous oil refinery of
 100
        tonnes per day capacity.
 
      - 11,24,067 bonus equity shares issued in prop. 1:2; (33,72,201
        Rights equity shares issued in (prop. 1:1 prem. Rs. 25).
 
 2012
 
 -Shri Shailendra Karnawat has been appointed as Additional Director
 of the Company
 
 -Vippy Industries has been selected for Niryat Shree Gold Trophy
 Award for the year 2009-10 in the Residual products -Non-MSME
 Category by Federation of Indian Export Organisation (FIEO).
स्रोत: रेलीगरे टेचनोवा

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