GLOBUS SPIRITS Share price

Incorporation and Initial Progress:The Company was incorporated on February 16 1993 under the name Globus Agronics Limited with the Registrar of Companies Delhi & Haryana as a limited liability company. The Company obtained its Certificate for Commencement of Business on March 19 1993. Subsequently the name of the Company was changed to Globus Spirits Limited on January 23 2007 by way of a fresh Certificate of In corporation from the Registrar of Companies Delhi & Haryana. The Registered Office of the Company is at C-631 New Friends Colony New Delhi - 110065.Major events in the history of the Company is as follows:YEAR MAJOR EVENTS & MILESTONES1994-95 - First Distillery set up; commenced production of Ethyl Alcohol in April 1994 at Samalkha Unit Haryana. Unit was set up with an installed capacity of 144 lakh BL per annum. - Purchase of land at Village Shyampur Tehsil Behror District Alwar Rajasthan for setting up a Distillery unit for manufacturing 40000 Bulk Litres of Rectified Spirit and 20000 Bulk Litres of Extra Neutral Alcohol per day. - The company acquired 18 acres of land in village Shyampur in Behror Rajasthan. 1995-96 - Sets up second Distillery unit at Behror Rajasthan; Unit commissioned. - Authorised Share Capital increased from Rs. 5 crores to Rs. 10 crores. - Bonus issue to existing shareholders in the ratio of 12 equity shares for every 10 equity shares held. - Enters into agreement with International Distilleries (India) Ltd. - a subsidiary of International Distillers and Ventures UK to bottle IMFL products under the brand name of ?IDI?.1996-97 - During the year Behror Unit also started production. The sale was Rs. 5092.12 lakhs with a profit after tax of Rs. 278.42 lakhs. The Company has also exported alcohol to the tune of Rs. 4221.54 lakhs during the year.1998-99 - Takes up work at Samalkha unit for conversion of molasses supplied by Panipat Co-operative Sugar Mills. - The company has started production of IMFL at its Behror unit under the brand name of Rajputana.1999-2000 Commenced bottling of IMFL at Behror Unit in August 1999; and Country Liquor at Samalkha Unit in December 1999.2000-01 Haryana State Pollution Control Board on 29.8.2000 orders closure of distillery unit at Samalkha for alleged non-compliance of pollution requirements.2001-02 - Haryana Pollution Control Board orders start of Bottling of Country Liquor at Samlakha unit on 17.8.2001. - Bottling at Samlakha Unit starts w.e.f 23.3.2002 after clearance by Hon?ble High Court of Punjab & Haryana on issues raised by State Excise Department.2003-04 - Enters into agreement on 26.7.2002 with Hi-Life Impex Pvt Ltd (Hi-Life) for use of Trademarks in respect of Ready to Drink Beverages (RTDB) and manufactures the same under technical know-how from Hi-Life. - Commercial production of RTDB starts from 27.9.2003.2004-05 - Sets up Effluent Treatment and Environment friendly Bio-Composite Plant and entire plant and machinery repaired in order to start the Distillation plant at Samalkha Unit.2005-06 Distillation Plant commences operation at Samalkha Unit in April 2005.2006-07 Authorised Share Capital increased from Rs. 10 crores to Rs. 15 crores. Name of the Company changed from Globus Agronics Limited to Globus Spirits Limited with effect from 23.1.2007.2007 - 08 Authorised Share Capital increased from Rs. 15 crores to Rs. 25 crores.