YEAR EVENTS 1986 - The Comp. was incorporated on 12th March. It was promoted by A.V. Thomas Group. The Comp. carries on processing of soyabean, minor oil seeds & oil cakes by solvent extraction.
1987 - 60 Pref. & 110 No. of equity shares subscribed for by the signatories to the Memorandum of Association. 15,99,890 No. of equity shares then issued at par out of which 9,59,890 shares were reserved & allotted to promoters, directors, their relatives etc. [including 1,60,000 shares to non-resident Indians on repatriation basiss].
- Out of remaining 6,40,000 shares, the following shares were reserved for preferential allotment; [is] 2,40,000 shares to non-resident Indians on repatriation basis [only 48,700 shares taken ups]; [iis] 80,000 shares to employees [including Indian working directorss]/workers of Comp. & [iiis] 12,800 shares to business associates of Comp. [out of [iis] & [iiis] above only 14,600 shares taken ups].
- The balance 2,07,200 shares along with the unsubscribed portion of 2,69,500 shares out of preferential quota were offered for public subscription during April-May. Additional 1,60,000 shares were allotted to the public to retain over-subscription.
1991 - The companies launched sunflower oil under brand name `SUNBEAM'.
- Forfeiture on 8,500 No. of equity shares annulled.
1992 - In March, 17,60,000 Rights equity shares issued [Prem. Rs 13, prop. 1:1s]. Additional 2,64,000 shares allotted to retain over-subscription. Another 88,000 shares [prem. of Rs 13 per shares] offered to employees etc. [only 23,100 shares taken ups].
1993 - The Comp. proposed to redeem the 12% redeemable cumulative preference shares of Rs 6000 on 30.9.1993.
1994 - The Comp. has launched sale of coconut oil in Karnataka and Sunflower oil in Kerala.
1996 - The Oleoresin division installed, an Effluent Treatment Plant at Sathyamangalam & Bio Composting method to dispose the effluent during the year.
1997 - Profitability of Oleoresin division was not upto the mark due to the closure of Sathyamangalam unit for 18 days on Acc. of villagers agitation on Environmental issue.
2000 - Kochi-based AVT Natural Products has commissioned its post Marigold de-hydration centre at Tiptur, in Tumkur district , Karnataka.
2005
-AVT Natural Products Ltd has entered into two agreements, one with M/s Pan American Seeds, USA & the other with Chrysantis USA
2006
-AVT Natural Products Ltd has informed that AVT Natural Pte Ltd, Singapore, wholly owned subsidiary of Comp. has entered into an agreement with Kemin Foods L.C.[USAs] for managing their wholly owned subsidiary in Thailand, Siagra Comp. Ltd