History of Adani Enterprises Ltd.
1993
- The Comp. was incorporated on 2nd March, by conversion of partnership firm namely M/s. Adani Exports into a limited company. The company was promoted by Shri Gautam S. Adani & Rajesh S. Adani. The Company was engaged in the business of exporting frozen foods, dyes and intermediates, plastic products, agricultural products etc. to about 28 countries all over the world.
1994
- Adani Managment Consultancy Services Pvt. limited was amalgamated with the company. As per the scheme of amalgamation the Comp. issued 5,00,000 equity shares of Rs 10 each at a premium of Rs 140 per share to the shareholders of AMCSPL in the ratio of one equity share of the company for every ten equity shares of AMCSPL.
- The Comp. offered 12,50,000 No. of equity shares of Rs 10 each at a premium of Rs 140 per share to public. All were accepted. Additional 11,900 shares allotted to retain oversubscription.
1995
- 37,50,000 shares were allotted to promoters, their friends and relatives. 12,61,900 shares were allotted to public.
- During the year under review your Comp. has introduced itself into Stock market with maiden public issue in September, 1994 for 12,50,000 Equity Shares of Rs. 10/- each at a premium of Rs. 140/- per share.
- AMCPL entered into Amalgamation with AEL, a group Comp. of Adani Group. In order to achieve higher economies of scale.
1996
- 55,11,800 No. of Equity shares allotted in propn. 1:1. 100 forfeited shares were reissued.
1997
- Authorised capital reorganised. Pref. shares issued on private placement basis.
- The board decided to issue equity shares & preference shares and/or fully or partly convertible debentures or warrant bonds & any other securities through public issue or private placement, preferential allotment, rights issue etc., subject to the approval of shareholders up to a limit of Rs.30 crores.
- Eastern Generation, has signed a memorandum of understanding [MoUs] with Adani Exports Limited to jointly develop, own & operate coal-fired power projects in the country.
- The Rs 1,600 crore Adani Exports Limited has decided to enter into a joint venture with the Gujarat government to build a mega port at Mundra in Kutch district.
- In mid-October, Adani signed a letter of intent with the Gujarat government to develop a port & set up a 3,000 hectare industrial park.
- The Comp. has received LOI from Gujarat Government to set up a Naptha-based 54MW Power Plant at Anjar in Kutch.
- Adani Global Limited was incorporated as a Company wholly owned subsidiary in Mauritius upon receipt of necessary approvals from the Reserve Bank of India & Government of India for purpose of Direct Investment. 1998
- Adani Exports Ltd, the Rs. 1,700-crore trading house, has incorporated Adani Eastern Generation Comp. Ltd [AEGCLs], a 50:50 joint venture Comp. with the UK power maintenance giant - Eastern Generation.
- The Rs.340 crore project is promoted by Adani Exports Ltd on the basis of build-own-operate-transfer [BOOTs] format. The concession pact has been signed for 30 years from the date of commissioning. The Adani port will be the second private sector port in the country after Gujarat Pipapav Port Ltd.
1999
- Adani Exports & Wilmar Trading Pte signed a memorandum to form a 50:50 joint venture company. The equity base of Comp. named Adani Wilmar is $6 million.
- A joint venture between Gujarat Port Infrastructure Development Corporation & Adani Port is operational at Mundra in Gujarat since October 1998.
- The board of directors of Adani Exports Ltd [AELs] declared a 1:1 bonus issue to the equity shareholders. The move led to the scrip closing at the Mumbai Stock Exchange [BSEs] at an all-time high of Rs. 848.
- GCC [Gujarat Chamber of Commerce & Industrys] Export Appreciation Award for year 1997-98 in recognition of commendable performance in merchandise exports from Honble Union Commerce Minister Shri Ramakrishna Hegde in June.
- The Comp. & Wilmar Trading Pte Limited have signed a Memorandum of Understanding [MoUs] to form a 50:50 joint venture Comp. with equity base of equivalent of $ 6 million.
2000
- Adani Exports, one of India largest trading houses, has entered the packaged edible oil market with the launch of its new brand `Fortune' in Jaipur.
- The Comp. received Texprocil Silver Trophy for outstanding export performance in Fabrics amongst top exporters [Merchants] for year 1998-99.
- Texprocil Silver Trophy for outstanding export performance in Fabrics amongst top exporters [Non-quota exportss] for year 1998-99.
- The Comp. has entered into an agreement with both National Securities Depository Limited [NSDLs] & Central Depository Services [Indias] Limited [CDSLs] to facilitate the shareholders of Comp. to avail demat facility.
- Shri Indravadan A. Modi resigned as a Director of Comp. with effect from 10th February.
2001
- Adani Wilmar Ltd., a 50:50 joint venture between the Adani Exports limited & US $2.5 billion Wilmar Holding Pte limited of Singapore, intends to launch its own vanaspati under the brand name `Raag'.
2002
-Mr.Biswajit Choudhury is appointed as the Nominee Director on the Board of the company.
2003
-Shanxi Corporation ties up with Adani Exports Ltd for providing 1-1.5m tonnes of coal in India.
-Mr Birva C Patil is appointed as the Compliance Officer & Comp. Secretary of the Comp. in place of Mr. Hemendra C Shah.
2007
-Adani Enterprises Limited has appointed Mr. Parthiv Parikh as Assistant Comp. Secretary & Compliance Officer of Comp. w.e.f. September 17, 2007.
2008
- Adani Enterprises Ltd has informed that the Board of Directors of Comp. at its meeting held on September 26, 2008, has appointed Mr. Yoshihiro Miwa as an Additional Director of Company.
-Adani Enterpries Ltd has signed an exclusive joint venture agreement with Chemoil.
