KAVERI SEED CO. Share price

Mr. Gundavaram Venkata Bhaskar Rao a graduate in agricultural science is one of the founder Promoters of our Company. He started the business of seed production of Public bred varieties of corn bajrasunflower on his own lands in the village of Gatla Narsingapur KarimgarDistrict Andhra Pradesh.Subsequently on August 27 1986 our Company promoted byMr. Gundavaram Venkata Bhaskar Rao Mrs. Gundavaram Vanaja Devi &Mr. Rangineni Venu Manohar Rao was incorporated as "Kaveri Seed Company Private Limited" under theCompanies Act having Registration No. 6728 of 1986-87. We continued to carry on the business of seed productionprocessing packing and marketing and simultaneously set up a processing plant in Bellary in Karnataka. In 1987 our Company set upits marketing office at Davangere in Karnataka. In 1996 we set upan R & D facility at Bollaram to carry on esearch and to breed new hybrids.In 1997 our Company set up a Seed Processing Plant at Biramulguda near Hyderabad. In the same year our Companyintroduced sunflower hybrid seeds. In 1999 we increased our seed conditioning capacity to meet thegrowing demands by setting up a large scale processing plant at Kandlakoi near Hyderabad. In the year 2002 our Promoters entered into acomplementarybusiness of Bio-Products and Micro-Nutrients for which they set up a partnership firm under the name and style of M/s. Kaveri Agriteck for manufacturing and marketing bio-products and micro-nutrients under the brand ?Microteck?. We haveentered into a sub-licensing agreement with Mahyco Monsanto Biotech (India) Limited for Bt.transgenic technology for cotton in the year 2004.A new seed conditioning plant with Cob Dryers was set up at Gundla Pochampallynear Hyderabad in 2005 and in Eluru in Andhra Pradesh in 2006. These cob drying facilities help in processing corn cobs collected from production fields with high moisture levels. These facilities gave us the advantage of obtaining seeds with optimummoisture level with prolongedshelf life and increased vigor. By the end of the FY 2006our Company achieved a turn over of more than Rs. 4800 lakhs. InSeptember 2006the business assets and liabilities of M/s. Kaveri Agriteck were acquired by our company giving us the ability of meeting farmers? needs of seeds as well as plant nutrients (i.e. bio-products and micro-nutrients) under one roof.Currently we are into production and marketing of agri-inputs (seeds of wide range of crops such as cornsunflower cottonpearl millet grain sorghum paddy and hybrid vegetables and also micronutrients bio products and organic products).On November 7 2006 our Company was converted into a public limited company and a fresh certificate of incorporation was issued by the RoC in the name of Kaveri Seed Company Limited with CIN as U01120AP1986PLC006728.HISTORY AND MAJOR EVENTS:Year Event986 Our Company was incorporated as a Private Limited Company Seed processing plant was set up in Bellary Karnataka1987 First marketing office was set up in Davangere in Karnataka1996 Our Company set up its R & D facility in Biramulguda - Hyderabad1997 Setup seed a processing plant at Biramulguda1997-1999 We set up a state of the art seed conditioning plant at Kandlkoi and produced Sunflower Hybrid Seeds2004 We entered into a sub-licensing agreement with Mahyco Monsanto Biotech (India) Limited for Bt. Gene Technology for Cotton Seeds in the year 2004 2005 We set up our seed conditioning plant with cob dryers at Gundla Pochampally and Eluru.2006 Acquired the business assets and liabilities of M/s Kaveri Agriteck a partnership firm that isengaged in the business of plant nutrition (i.e. Bio-Products and Micro-Nutrients)2007 We entered into a non-exclusive licensing agreement with JK Agri Genetics Limited for using insect tolerant seed lines for producing testing marketing and selling genetically modified hybrid cotton planting seed in India.Changes in Registered Office of our CompanyDate Registered Address Changed From Changed toOctober 6 1988 3-4-526/6 Barkathpura Lingampally 6-3-597/D/9 Anandnagar Hyderabad 500 027 Hyderabad 500 004June 1 1990 6-3-597/D/9 Anandnagar 1-1-700/B/1 Gandhinagar New Hyderabad 500 004 Bakaram Hyderabad 500 380 October 20 1994 1-1-700/B/1 Gandhinagar New 513B 5th Floor Minerva Complex Bakaram Hyderabad 500 380 S.D. Road Secunderabad 500 003