YEAR EVENTS 1983 - The Company was incorporated on 1st December in Tamil Nadu. Bannari Amman Sugars (BAS) is engaged in the manufacture of white crystal sugars, industrial alcohol and granite exports. The company has two sugar factories, in Tamilnadu and Karnataka. The distilleries unit is also situated in Tamilnadu. - 19,00,000 shares subscribed for by the signatories to the Memorandum of Association, promoters, their friends and associates. 18,50,000 shares issued at par of which 10,000 shares were reserved for allotment on a pref. basis to NRIs on a repatriation basis and 8,50,000 shares (along with the unsubscribed portion of NRI quota, if any) were offered for public during September 1985. 1986 - The Company received a letter of intent for the manufacture of 5,400 tonnes per annum of citric acid. The Company was in the process of identifying proper technology and technical collaborator. Plans were also afoot to enter into the business of processing and exporting granite stones and to set up a textile mill for the manufacture of cotton yarn. 1989 - The Company commenced commercial activities in its granite division. The Company proposed to set up a factory to process and polish granite slabs. Building required for the unit was under construction. 1990 - The Company operated the granite, quarry and commenced production of granite slabs. Also, effective steps were taken to establish market in foreign countries for granite slabs and blocks. - The Company received a letter of intent for setting up a new sugar factory in Alagauchi village in Nanjangud Taluk of Mysore District, in the State of Karnataka. 1991 - The granite division commenced production of granite tiles. - The land for establishing the sugar factory was secured and construction of the factory building commenced in June 1991. - To part finance the cost of the new sugar factory being established in Karnataka, the Company issued and allotted 14% secured redeemable non-convertible debentures for Rs 14 crores to Citi Bank NA on private placement basis on 26th April. 1992 - During August, the Company issued 37,5000 Secured Zero interest fully convertible debentures of Rs 50 each at par on Rights basis in the proportion of 1 debenture: 1 equity share held. 37,49,000 debentures were allotted. Allotment of 1000 debentures was kept in abeyance pending court order. Another 1,87,500 - Zero Interest fully convertible debentures of Rs 50 each were offered to the employees. Only 40,000 debentures were taken up. The remaining unsubscribed debentures were allowed to lapse. - During the year, the Company has issued Secured Redeemable Non-Convertible Debentures for Rs. 14 Crores to Citibank N.A. on "Private Placement Basis" and the entire amount of Rs. 14 Crores have been utilised to finance a part of the cost of the project for setting up the sugar factory in the State of Karnataka. 1993 - The Company produced 27,286 sq. mtrs of granite slabs and 2,766 sq. mtrs. of granite tiles. During the year, sugar factory in Tamil Nadu for 202 days and the total sugarcane crushed was 244,989 tonnes at an average recovery of 8.72%. The sugar factory in Karnataka worked for 142 days and sugarcane crushed was 177,442 tonnes at an average recovery of 8.96%. - The debenture of Rs 50 will be converted into one equity shares of Rs 40 per share of 1st of January. - During the year under review, the sugar factory in Tamil Nadu had worked for 308 days. During the year under review, the sugar factory in Karnataka had worked for 126 days. - Certain new varieties of cane have been introduced in the sugarcane area of the Company based on the performance trials. 1994 - 37,89,700 shares allotted conversion of secured zero interest fully convertible debentures. - On account of higher prices for jaggery, there was diversion of sugarcane in the reserved area for out Unit - II for manufacture of jaggery. Hence, supply of sugarcane to our Unit - II in Karnataka was badly affected. - During the year the Company has participated in 2 International Fairs to develop export market for polished granite products. 1995 - During the year, the sugar factory in Tamilnadu worked for 342 days. - 20,00,000 equity shares of Rs 10 each to the members of M/s. Coimbatore Alcohol & Chemicals Ltd. as per the Scheme of Amalgamation. - The Hon'ble High Court of Judicature at Chennai has approved the Scheme of Amalgamation for merging M/s Coimbatore Alcohol and Chemicals Limited with the Company. - During the year under review, the sugar factory in Tamil Nadu had worked for 316 days. During the year under review, the sugar factory in Karnataka had worked for 287 days. 1996 - The sugar factory at Tamilnadu worked for 280 days and at Karnataka for 269 days. During the year, the company introduced one kg. packet of sugar under the brand name `Bannari' in and around Coimbatore. 1997 - The Sugar factory in Tamil Nadu and Karnataka worked for a period of 196 days and 194 days respectively. The prices of molasses ruled very high without corresponding increase in the prices of finished products. - During the year, the company had received a Letter of Intent from Government of India for expansion of cane crushing capacity in Karnataka from 2500 tonnes to 5000 tonnes coupled with co-generation of power with a capacity of 16 MW which is under finalisation. - During the year under review, the Company had issued 17.5%, 5,00,000 secured redeemable non-convertible debentures of Rs. 100 each aggregating Rs. 5 crores on private placement basis to the Industrial Credit and Investment Corporation of India Limited (ICICI). - The Company had issued secured redeemable non-convertible debentures of Rs. 100 each aggregating Rs. 14 crores in April 1991. Out of the face value of Rs.100/- the Company has redeemed Rs. 33/- per debenture on 26.4.1997 aggregating Rs. 4,62,00,000/-. - The Coimbatore-based Bannari Amman Sugars has become the first sugar mill in the South to venture into the branded sugar segment. The company has recently launched its branded sugar under the name Bannari in and around Coimbatore. - The Coimbatore-based Bannari Amman Sugars Ltd (BASL) is planning to diversify into textiles by setting up a Rs 30 crore textiles unit. The plant, to come up at Coimbatore, will have a capacity of 25,000 spindles per annum. 1998 - Bannari Amman Sugars Limited is planning to double the sugarcane crushing capacity of its Nanjangud-based unit from 2,500 tonne cane per day (TCD) to 5,000 TCD. - The Bannari Amman group has launched a Rs. 65-crore expansion programme in its flagship company, Bannari Amman Sugars Ltd. In six years, the company proposes to expand its capacity to 5,000 t.c.d., considering the higher quantum of cane acreage that was made available. - With the expansion to 5,000 t.c.d., the company proposed to install additional an power plant having a capacity of 16 MW. - Bannari was the first in South India to get the ISO-9002 certification for applying quality system for white crystal sugar in its Tamil Nadu sugar factory and the first to introduce the branded `Bannari sugar' in one kg. packets. - The Company also redeemed Rs 34 per debenture being second instalment or redemption on 26th April, aggregating to Rs 4.76 lakhs. The face value of these shares stands reduced to Rs 33 per debenture with effect from 26th April. - Bannari Amman's expanded capacity of 7,500 TCD will be commissioned only in March, 2000 after which it will take up a second expansion of 2,500 TCD at the same location. - Bannari Amman Sugars (BAS) is engaged in the manufacture of white crystal sugars, industrial alcohol and granite exports. 1999 - During the year under review, the factory at Tamilnadu had worked for 301 days. The factory at Karnataka had worked for 245 days. - The Company had issued 14% secured non-convertible debentures of Rs.100 each aggregating Rs. 14 crores in April 1991. The Company has fully redeemed these debentures on 26.4.1999. - During the year, the Company has participated in STONA '99 International Granite Fair conducted in Bangalore in February. 2000 - No news. 2001 - The Company proposed to acquire 3267950 (29.04 per cent) of Annamallai Finance Ltd. from Shiva Distilleries Ltd. at Rs 6 per share. 2004 -The Company's registered office is functioning in their newly constructed office at the following address from February 05, 2004 : Bannari Amman Sugars Limited, 1212, Trichy Road, Coimbatore 641018. Phone No: 0422 2302277; Fax No: 0422 2305599. 2005 - Equity shares of the company delisted from the Madras Stock Exchange Ltd and The Delhi Stock Exchange Association Ltd with effect from January 19, 2005 and January 20, 2005 respectively. 2008 - Bannari Amman Sugars Ltd has appointed Sri. T Gundan as an Additional Director on the Board of the Company. 2009 -Bannari Amman Sugars Board recommended payment of dividend of Rs 10/- per Equity Share and Rs 9/- per Preference Share 2010 -Bannari Amman Sugars Boardrecommended payment of Dividend of Rs. 10/- 2011 -Bannari Amman Sugars Boardrecommended payment of Dividend of Rs. 10/- 2012 -Bannari Amman Sugars Boardrecommended payment of Dividend of Rs. 10/- 2013 -Bannari Amman Sugars Ltd has recommended a payment of Dividend @ 125% i.e. Rs. 12.50/- per share on Equity Share of Rs. 10/- each 2014 -Bannari Amman Sugars Ltd has recommended payment of Dividend @ 125% i.e. Rs. 12.50/- per share on Equity Share of Rs. 10/- each.