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History of Sree Kailas Sugars and Chemicals Ltd.

YEAR EVENTS 1990 - The Comp. was Incorporated on 2nd January. It was promoted by S.K. Kailas, Mrs. Vasudevi Kailas & Kailas Ravi Shankar of Sree Kailas Group. The Company object is to manufacture sugar and allied products.

1992 - The Comp. undertook to set up sugar mill with capacity of 2,500 TCD to manufacture white crystal sugar on a land admeasuring 120 acres in Peruvancha village, Kallur Mandal, Khammam District of Andhra Pradesh. The entire plant and equipment was supplied by Buckau Wolf [Indias] Ltd.

- 70 No. of equity shares of Rs.10 each issued, subscribed & paid up. 112,00,000 No. of equity shares of Rs.10 each issued at par of which 49,00,000 shares issued & allotted to promoters, directors, etc. Of the remaining 63,00,000 shares, 5,60,000 shares were issued to employees on preferential basis [all were taken ups]. The remaining 57,40,000 shares were offered to the public in August 1991. Additional 9,45,000 shares were allotted to retain oversubscription [80,900 shares to employees and 8,64,100 shares to publics]. Another 23,50,000 shares were allotted to promoters.