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History of Associated Alcohols and Breweries Ltd.

1989 - The Comp. was incorporated on 7th July as a public limited Comp. at Calcutta & obtained the Certificate for Commencement of Business on 31st August.

1990 - The Comp. took over M/s. Associated Distilleries, a partnership firm from April. The Comp. was promoted by B. P. Kedia & Anand Kumar Kedia.

- The Comp. was engaged in the manufacture of potable alcohol with an installed capacity of 270 LLPA [Lakh Proof litres per annums] at Madhya Pradesh. Presently manufacturing all kinds of potable liquor & blended liquor. The Comp. is also the leading supplier of country liquor to the Government of Madhya Pradesh. The Comp. manufactures & sells Rectified spirit and Extra Neutral Alcohol in loose form to other manufacturers in the country. The Comp. proposed to increase the production of ENA & IMFL to 86.4 LLPA & 9.5 lakh cases respectively.

1993 - 3277400 shares were held by promoters.

1994 - 32,62,200 shares issued through prospectus.

- The Comp. offered 32,57,500 equity shares of Rs. 10 each at a premium in December as stated below. Of which 9,27,500 equity shares [prem. Rs 20 per shares] were offered to the promoters [All were taken ups] 43,500 equity shares [prem. Rs 30s] were offered to GIC Asset Management Co. limited [All were taken ups] 43,500 shares [prem. Rs 30s] were offered to ICICI Asset Management Co. Ltd. [All were taken ups] 5,59,200 equity shares [prem. Rs 30s] were offered to NRIs, Overseas Corporate Bodies [only 4,03,200 promoterss]. 50,000 shares [prem. Rs 20s] were offered to the employees. [All were taken ups] 16,33,800 equity shares [prem. Rs 20s] were offered to public. [All were taken up. Additional 4,700 shares allotteds].

- The turnover amounted to Rs 36.76 crores as against Rs 19.27 crores in the previous year despite disturbances in production necessitated due to expansion cum modernisation programme undertaken.

1995 - The turnover amounted to Rs 34.92 crores. Profitability was affected due to reduction in sale price of products & increase in input cost.

- The Comp. undertook modernisation of Distillery unit by installation of 50,000 LPD distillation plant alongwith utilities & Effluent Treament Plant.

1996 - The installation of 50,000 LPD distillation plant was completed.

1996 - The turnover, increased to Rs 39.85 crore. The overall peformance of Comp. was affected due to higher finance cost & additional burden of taxation despite reduction in production cost & other overheads.

1997 - The turnover rose to Rs 42.79 crores. Performance of company was satisfactory. Exports were affected due to adverse international market conditions.

- The Comp. undertook set up an integrated distillery Complex in Rajasthan at an estimated cost of Rs 2012 lakhs.