History of Hind Industries Ltd.

M/s. Hind Industries Limited [HILs] is an existing profit making dividend paying company. The Comp. was incorporated on 19.6.1973 in the name & style of Gee Pee Kay Auto Enterprises Private Limited with the Registrar of Companies, Delhi and Haryana at Delhi. The original promoters of Comp. were Sh. Gulab Rai Kohli & Lt.Col. Sardul Singh Uberoi. The Comp. obtained fresh certificate of incorporation consequent to change of name to Hind Foods Pvt. Limited on 01.05.1981. The Comp. was non operational till 1988 when it was taken over by Sh. Sirajuddin Qureshi the present Managing Director of company. The Comp. was converted into a Public limited Comp. on September 30, 1991 & on 21st June, 1993, the Comp. again obtained fresh certificate of incorporation consequent to change in name to Hind Industries limited The name was changed to broadbase its export activities into fruits, vegetables & marine products to evolve into a large integrated agro processor & exporter.

In 1989 IFCI, alongwith ICICI, sanctioned Rupee Term Loan of Rs.228 lacs for financing part of estimated cost of Rs. 388 lacs for setting up of 100% EOU meat [Buffalo/Sheeps] processing unit with an installed capacity of 10000 tpa. HIL project was commissioned in October 1990. In July 1993, HIL made a bonus issue of equity shares in the ratio of 1 for 2 shares held, HIL, in November 1993, made its maiden public issue of Equity shares of Rs. 10 each at a premium of Rs.30/- per share aggregating to Rs.800 lacs to increase the installed capacity from 10000 to 15000 tpa & augment its additional working capital requirements. The issue was oversubscribed by 4.16 times. The enhanced installed capacity became operational from August 13, 1994. In May, 1995, HIL was sanctioned corporate loan of Rs.600 lacs by IFCI for meeting a part of its long term working capital requirement for year 1995-96.

The Comp. is a 100% EOU for manufacture of fresh, chilled and frozen meat vide letter No.PER:404[1992s]/EOB/382/92 dated August 6, 1992 of Ministry of Industry, Secretariat of Industrial Approvals, Department of Industrial Development, New Delhi.

The Ministry of Industry, Govt. of India has accorded the status of Export House to HIL. HIL received Export Excellence Award for three consecutive years from 1992-93 to 1994-95 from Agricultural and Processed Food Products Export Development Authority [APEDAs]. The major exports of Comp. are to Middle East countries. The products include frozen meat, processed Sheet meat, Buffalo meat.The brand names of products are EATCCO & SIBACO. The Comp. is also involved in trading /export of marine products & BOPP Tapes.

The Equity Shares of Comp. are listed at the Delhi, Bombay, Calcutta, Hyderabad, Kanpur Madras & Ahmedabad Stock Exchanges. However they are actively traded only in Delhi, Bombay & Madras Stock Exchanges. The reason for low liquidity at the other Stock Exchanges is lesser number of shareholders at these Places.

The Comp. is presently engaged in the processing of Frozen/Fresh meat [Buffalo/Sheeps] with an installed capacity of 15,000 tpa at Sahibabad, Distt. Ghaziabad [U.P.s].