ADVANCED ENZYME TECH Share price

The Company was incorporated as a private limited company on March 15 1989 under the provisions of the Companies Act 1956 as Advanced Biochemicals Private Limited in Maharashtra. Pursuant to a special resolution passed by the shareholders of the Company at the extra-ordinary general meeting held on April 21 1992 the Company was converted into a public limited company and consequently the name of the Company was changed to Advanced Biochemicals Limited. A fresh certificate of incorporation reflecting the new name was issued by the Registrar of Companies Maharashtra on May 28 1992. Pursuant to a special resolution passed by the shareholders of the Company at the extraordinary general meeting held on August 8 2005 the name of the Company was further changed from Advanced Biochemicals Limited to Advanced Enzyme Technologies Limited. A fresh certificate of incorporation reflecting the new name was issued by the Registrar of Companies Maharashtra Mumbai on August 19 2005.Major events in the History of the Company1989 - Incorporation as Advanced Biochemicals Private Limited.1992 - Conversion from private company into a public company and renamed as Advanced Biochemicals Limited.1994 - Commissioning of the first fermentation facility at Sinnar Maharashtra2001 - Recognition of in-house R&D centers of the Company at Thane and Sinnar by the Department of Scientific and Industrial Research Ministry of Science and Technology Government of India.2005 - Change of name of the Company from Advanced Biochemicals Limited to Advanced Enzyme Technologies Limited.2011 - Takeover of Cal-India Foods International (Specialty Enzymes and Biotechnologies) by the Company giving us direct presence in USA.2012 - Kotak India Venture Fund I Kotak Employees Investment Trust and Kotak India Venture (Offshore) Fund made an investment in the Company.2012 - Takeover of AST Enzymes by the Company for consolidating the presence in USA.Awards and accreditations received by the Company2010 - The Company won the “Emerging India Awards” for 2010 in the Life Science -Pharmaceuticals & Chemicals segment organized by ICICI Business Banking and CNBC TV18.2010 - The Company won the Bio Excellence Award in the Industrial Biotech category for 2010 instituted by Department of Information Technology Biotechnology and Science and Technology Government of Karnataka.2012 - The Company was awarded as the 1st runner-up for the Most Innovative Exporter – Dun & Bradstreet for the year 2012.2013 - The Company was one of the Recipients of the fastest growing mid-sized business award organized by Inc. India.2014 - The Company received the Bio Excellence Award in the Industrial Biotech category for year 2014 instituted by Department of Information Technology Biotechnology and Science and TechnologyGovernment of Karnataka.