The Comp. was incorporated as a Public Limited Comp. in the name of M/s. Hindustan Soya Limited on 7/1/1993 in the State of Madhya Pradesh having its registered office at Survey.No. 95-99, Village Tharoad, Mhow-Neemach road, Tehsil Malhar Garh, Dist. Mandsaur [M.P.s]. The Company obtained certificate of commencement of business on 12-10-1993 and its name was subsequently changed to HINDUSTAN CONTINENTAL LIMITED on 29/11/94 and obtained the fresh certificate from Registrar of companies, Gwalior [M.P.s]. The Comp. has not commenced any activity since incorporation except implementation of this project. The Company intends to set up a solvent extraction plant with crushing capacity of 350 MT per day in terms of Soya Seed and a refinery of 50 MT per day at village Tharoad, Tehsil Malhargarh, Dist. Mandsaur, M.P. which is notified category 'B' backward area eligible for Tax & Subsidy benefits, declared by State Government.