History of Ruchi Soya Industries Ltd.
YEAR EVENTS 1986 - The Comp. was incorporated on 6th January, 1986. It was promoted by General Goods Pvt. limited & Ruchi Pvt. Ltd; of the Shahra Group of Industries. It manufactures Soya proteins, Speciality Soya products, Soya snack foods & Nutrela.
- During September, the Comp. offered 4,46,666-13.5% convertible debentures of Rs 150 each on rights/private placement basis, the proportion of rights being 35 debentures for every 100 equity shares held.
- Only 1,87,126 debentures were taken up by shareholders. The balance 2,59,540 debentures were allotted on private placement basis. Additional 64,554 debentures were also allotted on private placement basis to retain over-subscription. Another 22,333 debentures were allotted to employees/workers of the Comp. & those of associated companies on an equitable basis. A total of 5,32,543-13.5% convertible debentures of Rs 150 each were thus allotted for Rs 7,98,81,450.
- As per the terms of issue, Rs 50 out of each debentures of Rs. 150 was automatically converted into 5 No. of equity shares of Rs 10 each of Comp. at par on 20th July, 1987. The balance of Rs 100 per debentures shall be redeemed at par in three annual instalments on the expiry of 7th, 8th & 9th years from the date of allotment.
- 70 shares subscribed for by signatories to the Memorandum of Association, 12,49,930 shares were then issued at par [including 25% retentions] of which 4,99,930 shares were reserved and allotted to promoters, directors at par. Out of remaining 7,50,000 shares, the following shares were reserved for preferential allotment; [is] 62,500 shares to employees of the Comp. [4,500 shares taken ups]; [iis] 12,000 shares to business associates of Comp. [all were taken ups] & [iiis] 2,40,000 shares to NRIs [only 2,36,800 shares taken ups]. The balance 4,35,500 shares along with the unsubscribed portion of 61,200 shares out of preferential quota were offered for public subscription during February-March 1986.
1987 - 26,62,715 No. of equity shares allotted at par in part conversion of debentures on 20.07.1987.
1988 - The Comp. proposed to expand its capacity from 6,000 tonnes per annum to 12,000 tonnes per annum.
1989 - New texturised soya protein plants near Noida, U.P. & near Indore, M.P. were commissioned.
- During November-December, the Comp. offered 2,69,949-13.5% secured fully convertible debentures of Rs 150 each on `Rights basis' in the proportion 1 debenture: 15 No. of equity shares held. Additional 19,464 debentures were allotted to retain oversubscription.
- Another 1,34,970 - 13.5% debentures were issued to the employees/workers of Comp. & associate companies.
- Rs 70 of face value of each debenture was automatically and compulsorily converted into 5 No. of equity shares of Rs 10 each at a premium of Rs 4 per share during 1990-91.
- The remaining Rs 80 of face value of each debenture was converted into four equity shares of Rs 10 each, at a premium of Rs 10 per share, during 1991-92.
1991 - The Comp. increased the texturised soya protein capacity from 12,000 TPA to 24,000 TPA & vanaspati from 7,500 TPA to 15,000 TPA.
1992 - During August, the Comp. offered 65,17,432 No. of equity shares of Rs 10 each at a premium of Rs 50 per share on Rights basis in the proportion 1:1. Out of this, 65,07,678 shares were allotted to shareholders/renouncees leaving a balance of 9,754 shares.
- Application were received for additional shares upto 26,94,800 shares from shareholders/renouncees, the balance of 9,754 shares were allowed to lapse as the allotment of these shares would have created fractions & odd lots.
1994 - The Comp. embarked upon an expansion programme with emphasis on value addition. It was proposed to expand the capacity of TVP [Nutrelas] plant to increase the range of products. Also the additional capacity of 200 TPD of refininng soya oil using state-of-the-art technology was to be commissioned during the year.
1995 - The Comp. proposed to enter into marketing tie up with a reputed international firm. Also, it was proposed to set up a EOU for soya processing with a capacity of 4,50,000 TPA with a view to enhancing the total manufacturing capacity.
- Steps were taken to set up a captive power plant for optimum utilisation of plant.
- The Comp. issued 17.5% - 4,00,000 non-Convertible debentures of Rs 100 each on Private Placement with GIC. These are redeemable in four equal half yearly instalments commencing at the end of one & half years from date of allotment i.e. 20.12.1993. Also 1,00,000-19% non-Convertible debentures were partially placed with UTI. These are redeemable at a premium of 5% of face value in three equal yearly instalments commencing at the end of 6th years from the date of allotment i.e. 9th January, 1992.
1996 - The Comp. was also planning to set up an oil refinery on the southern coastal region of India.
1997 - 1,000,000-12.5% & 1,400,000-13% CR Pref. shares issued during the year.
2000 - A fire accident occurred on December 25 at the refinery section of the Comp. located at village Talawali Chanda, District Indore [M.P.s], in which the plant & machinery of refinery section were damaged.
2001 - The Board has allotted 40,98,545 No. of equity shares of Rs 10 each at a premium of Rs 32 per share to overseas corporate bodies & Indian companies on preferential basis.
-Ruchi Soya Industries Ltd introduces high portein defatted soya flour Nutrela Profilo
2004
-Ruchi Soya Industries Ltd purchases 75000 equity shares of Aneja Solvex Pvt. limited for Rs.201 lacs. Aneja Solvex Pvt. limited becomes a wholly owned subsidiary of company
-Ruchi Soya Industries limited has informed that the equity shares of Comp. have been delisted from the Delhi Stock Exchange Association Ltd., w.e.f. February 11, 2004.
2007
- The Comp. has splits its face value from Rs10/- to Rs2/-.
