Omkar Speciality Chemicals Share price

Our Company was originally incorporated as Omkar Speciality Chemicals Private Limited on February 24 2005 and was registered with the Registrar of Companies Maharashtra. It was converted into a public limited company under the name Omkar Speciality Chemicals Limited on March 18 2010. We took over the business of Omkar Chemicals a proprietary concern (proprietor Mr. Pravin Herlekar) in June 2005. Omkar Chemicals was formed in the year 1983 with capacity of 6 MT per annum for manufacture of molybdenum derivatives. At the time of takeover in June 2005 the installed capacity was 318 MT and the product range was cobalt selenium & iodine derivatives in addition to molybdenum derivatives. During the year 2006-07 our Company expanded the total installed capacity to 325 MT which was further increased to 375 MT during the year 2007-08. In March 2009 we set up a new manufacturing facility at plot no. F-24 MIDC Badlapur (E) Thane Maharashtra viz. Unit 2 with an installed capacity of 375 MT. With the setting up of Unit 2 our total installed capacity increased to 750 MT. Our Company has recently set up a new manufacturing facility at B-34 MIDC Badlapur Thane Maharashtra viz. Unit 3 with an installed capacity of 200 MT through internal accruals. The commercial production at Unit 3 is likely to start in the month of March 2011. With the set up of Unit 3 our total installed capacity stands increased to 950 MT. Pursuant to a Share Purchase Agreement dated May 14 2010 between our Company and the shareholders of Rishichem Research Limited we have purchased 1078 Equity Shares of Rishichem Research Limited thereby holding 99.82% and making it our wholly owned Subsidiary. Major events of our Company Period Events February 2005Incorporation of Omkar Speciality Chemicals Private Limited June 2005Took over the entire business (all assets and liabilities) of Omkar Chemicals a proprietary concern of Mr. Pravin Herlekar. The installed capacity after the takeover stood at 318 MT January 2006 Installed capacity increased to 325 MT March 2007 Installed capacity increased to 375 MT April 2009 Commenced commercial production of Unit 2 located at F-24 MIDC Badlapur (E) Thane with an installed capacity of 375 MT February 2010 Construction activity started for Unit 3 with an installed capacity of 200 MT the commercial production of which is likely to start in March 2011 March 2010 Converted into a public limited company May 2010 Rishichem Research Limited became our wholly owned Subsidiary August 2010 Received ISO-9001-2008 certification for our Unit 2 in respect of quality management systems.