Kilitch Drugs (India) Share price

M/s Kilitch Drugs (India) ltd was incorporated on 12th May 1992 with the Registrar of Companies Maharashtra at Bombay as a public limited company and obtained certificate for commencement of business dated 26-05-92. The company went Public in February 1994 for setting up a pharmaceutical formulation plant to manufacture pharmaceutical products in the form of tablets capsules liquid orals ointments creams and injectables. The company could not commence its manufacturing activities as planned in the Public Issue on account of delay in completion of building. Till date the company has not commenced any manufacturing activities. The land and building is now completed and in order to have the benefit of its capacity the company is planning thisrights issue for expanding its injectable capacity from 30000 ltrs. to 75000 Itrs.PRESENT BUSINESSDue to delay in implementation of project the company could not come out with its own production till date and therefore the company is presently trading in pharmaceutical formulations like tablets capsules liquid orals ointments creams and injectables. The tradingturnover of the company for the year 1994-95 was Rs.550.50 Lacs.