History of Alpine Industries Ltd.
YEAR EVENTS 1974 - The Comp. originally was incorporated as a public limited Comp. on 27th November, under the name of Alpine Malt & Breweries limited Subsequently the Comp. was converted into a private limited Comp. & the name was changed to Alpine Solvex Pvt. limited on 23rd August, 1980. It was again converted into a public limited Comp. on 20th August, 1985. Alpine Solvex was promoted by Bhandari group of Indore. The main object of the Comp. is Extraction of soyabean oil, soyabean meal etc.
- The Comp. had plans in hand to increase the installed capacity of soyabean extraction plant from 100 tonnes to 200 tonnes per day.
1985 - 7,10,000 No. of equity shares issued at par out of which 2,80,000 shares were reserved & allotted. The balance 4,30,000 shares were offered for public subscription during October.
1986 - The Comp. installed machines with a view to increase the solvent extraction capacity from 30,000 tonnes to 75,000 tonnes per annum.
1987 - In order to meet the cost of expansion & diversification projects taken up, the Comp. issued 2,00,000-13.5% secured fully convertible debentures of Rs. 100 each during January. The debentures were to be allotted on the following basis:
- [is] 1,97,000 debentures to the equity shareholders of company as rights in the proportion of 1 debenture for every 5 equity shares held,
- [iis] 3,000 debentures to the preference shareholders in the ratio of 2 debentures for each preference share held.
- Only 77,999 debentures taken up by both equity shareholders and preference shareholders. Out of unsubscribed portion, 20,470 debentures were allotted on private placement basis & the remaining 1,01,531 debentures remained unallotted.
- Another 10,000-13.5% convertible debentures were offered to the employees [including working directorss] on an equitable basis. None were taken up & all of them were allowed to lapse.
- The debentures are automatically & compuslorily convertible into equity shares at par, in two stages. In the first stage, 4 equity shares were to be allotted on conversion of portion of Rs. 40 of each debenture & in the second stage, the remaining portion of Rs. 60 was to be converted into 6 equity shares. The first conversion took place on 11th January, 1988 & 3,93,876 No. of equity shares were allotted. The second conversion took place on the expiry of 18 months from the date of allotment of the debentures & 5,90,814 No. of equity shares were allotted.
1989 - 9,84,690 No. of equity shares allotted at par in conversion of 13.5% debentures.
1990 - 9,84,845 Rights equity shares allotted in prop. 1:2 on 26th December.
1992 - 22,69,644 No. of equity shares allotted [Prem. Rs. 20 per shares] in conversion of 15% fully convertible debs.
1993 - The Comp. also undertook to instal a soyabean solvent extraction plant with a capacity of 1,50,000 tonnes per annum which was expected to go into production in October.
- Soyabean processing capacity was increased from 2,10,000 TPA to 4,50,000 TPA for production of high quality soya meal. Also undertook to set up a vegetable oil refinery of 100 TPD Capacity & edible soya flour plant with 200 TPA capacity.
1994 - Necessary approvals were obtained from authorities for setting up a wholly owned subsidiary under the name of Alphine Solvex Overseas Ltd., in Cyprus with a view to promote exports from India & to carry on trading activities in India.
- The Comp. along with an associate Comp. promoted a new Comp. Alpine Biotech Ltd.' for purpose of setting up a 100% EOU mushroom project at Dewas, M.P. with an installed capacity of 3600 TPA in technical collaboration with M/s. Dalsem Vaciap, Holland.
- 52,24,179 Rights equity shares issued [Prem. Rs. 30, Propn. 1:1s].
2004
-Alpine unveils CDA W560E
