YEAR EVENTS 1961 - The company was incorporated in 1961 at Pollachi, Tamil Nadu and it manufactures Sugar and Spirit. The sugar is produced by the double sulphitation process. 1965 - The company set up the Hybrid Seed Department, in order to develop seed cultivation and also to introduce high yielding varieties and hybrid seeds such as hybrid sorghum, bajra and maiza. - The Hybrid Seed Department entered into contracts with various ryots. The Company also set up its machanised seed processing equipment in Arasur Village, Coimbatore, to process the seeds obtained from ryots. 1974 - A neutral alcohol plant to produce 550 gallons per day and an absolute alcohol plant with a capacity of 100 gallons per day were erected as part of the distillery. 1977 - Rate of dividend on 18,000-9.3% pref. shares raised to 11% from 12th October, and redemption date extended to 11th October 1985/87. 1978 - 5,00,000 No. of equity shares issued privately. Only 4,00,000 shares taken up. 1979 - 61,940 more equity shares out of the 1978-79 issue taken up. 1980 - 38,000 more equity shares taken up. 1981 - 18,43,180 Rights Equity shares issued at par. 1982 - A special programme for cotton seed production was carried out by this department on behalf of the Govt. of Maharashtra. 1984 - The Company entered into a technical collaboration agreement with M/s. Societe Generals Pour Les Techniques Nouvelles (SGN) of France for treatment of distillery effluent. - An agreement was entered into with M/s. B.S. Smogles SpA, Italy for the manufacture of random PVC Corrugated rings for effluent treatment. 1985 - The distillery worked only for 250 days and there was a further decline in alcohol production. - The Company applied to the Central Govt. for a licence to set up a sugar factory at Sivaganga in Pasumpon Muthuramalingam district of Tamil Nadu, a centrally declared backward area, but abundant in sugar cane. 1986 - The Company received a letter of intent for setting up the Sugar Factory at Siyaganan, with a capacity of 2,500 TCD. - The Company undertook to raise the cane area from 4,850 hectares to 10,000 hectares by various cane development programme. 1987 - The performance of the foundry was affected by the labour unrest for nearly two months in May/June, 1988, besides heavy power cut during the period. - 6,000-11% Pref. shares redeemed on 11th October. 23,13,640 No. of Equity shares at par (prop. 5:8) and 1,37,272 Pref. shares at par (prop. 2 Pref. : 50 Equity) were issued as rights in Feb. 1989. 1,15,680 No. of equity shares issued to employees. All shares taken up. 1988 - The effluent treatment plant in the Distillery unit of the Company was commissioned on 19th August. The foreign collaborators offered the Company the entire territory in the country for marketing their know-how and technology. Approval of the Central Govt. in this connection was awaited. 1989 - The Pollution Control Division installed effluent treatment plants in 1/2 distilleries. Further, PVC corrugated rings and engineering details were supplied to one distillery in Punjab. - The Company commenced marketing drugs, pharmaceuticals and allied products as a part of its diversification programme. 1990 - Three more effluent treatment plants were installed in 3 distilleries. - The Company tookover on management basis for a period of 10 years, the co-operative sugar factory at Barambagarh post, Cuttak district in Orissa having a cane crushing capacity of 1250 TCD. Steps were being taken to start the mill by the middle of December, 1991. - The company revalued its lands other than at Aivaganga Sugar unit and Foundry unit as on 31st March at the Guidelines values for registration. The net increase of Rs 9,94,000 arising out of revaluation was credited to capital reserve. 1991 - The foundary division was indentified by Maruti Udyog Ltd., as a potential source for export quality components needed by their export oriented YE2 model vehicles. - The Company proposed to set up a soya bean project in the Sakthinagar Complex for extraction of edible oil and manufacture of edible preparation and animal feed stock. - Four more effluent treatment plants were being set up during the year. A pilot plant was also being set up in-house for the secondary treatment of distillery effluent. Two more effluent treatment plants were installed in other distilleries. Five more plants were under execution. - Merger of Sakthi Soya Ltd. with the company, the soya division merged with broadly diversified ranged of products. - 16,32,000 No. of equity shares were allotted to erstwhile shareholders Sakthi Sugar Ltd. - The Company received a letter of intent to set up a Sugar Unit of 2,500 TCD capacity and a Distillery unit of 10,000 kilo litres per annum capacity at Dhankanal in Orissa. Effective steps were taken to implement the project. Molasses, the by-product of both the Sugar units of Orissa were to be the raw material for the unit. Also, the units multifuel boilers could be run with coal and baggasse thus saved was to be used as a raw material for the paper industry to be put up in future. - The Company privately placed with Citibank N.A. 20,00,000-14% secured redeemable non-convertible debentures (IIIrd series) of Rs 100 each to part finance the cost of the new sugar project at Dhenkanal, Orissa. - The Company issued 4,00,000-14% secured redeemable non-convertible bedentures of Rs 100 each (Series II) on private placement basis to Canara Bank, Trustee-Canbank Mutual Fund. These are redeemable at a premium of 5% in three equal instalments at the end of 6th, 7th, 8th years from the date of allotment i.e. 13.12.1991. 1992 - During October-November, the Company offered 42,80,970 No. of equity shares of Rs 10 each at a premium of Rs 35 per share on Rights basis in the proportion 7:10 (All were taken up). - Another 2,14,049 No. of equity shares of Rs 10 each were offered to the employees' at a premium of Rs 35 per share on an equitable basis. (only 98,200 shares taken up). Unsubscribed portion was allowed to lapse. 1994 - The Company undertook to set up a new distillery with a production capacity of 30,000 litres of alcohol per day adjacent to the sugar factory in Dhentana district, Orissa. The distillery unit suspended its operation from 1st February 1998 pursuant to the order of the Supreme Court on pollution matter. - The Company proposed to enhance the capacity of the foundry division to 24000 TPA from 3600 TPA. - The Company entered into a technical collaboration agreement with M/s. George Fischer Foundry System Ltd., Switzerland for supply of their State-of-the-art-technology. - 43,79,176 No. of equity shares allotted as Rights. 3,00,000 pref. shares allotted in 17th December. 50,000 Pref. shares allotted in 4th February. 1995 - 16,32,000 No. of equity shares allotted on amalgamation of Sakthi Soya Ltd. 15,05,210 No. of equity shares allotted to FIs on conversion of term loan. 1997 - 4,00,000 pref. shares issued. - The pollution control division of Sakthi Sugars Ltd. has entered into an agreement with Eastern Chemical Company Ltd. of Japan to offer total consultancy for setting up a bio-methanisation plant for their distillery at Chonburu, Thailand. - Sakthi Sugars is keen to target auto majors setting up shop in the country, especially in the South. 1998 - Pollution Control Division has effectively put into use the know-how obtained from foreign collaborators for setting up effluent treatment plants in various distilleries. - The Company are glad to mention that Foundary Unit has been awarded Quality System ISO 9002 Certification. Further the Foundry Unit has received Vendor Performance Award from Maruti Udyog Ltd. 1999 - The company 20,44,800 No. of equity shares of Rs. 10 each at par and to appoint ICICI Securities and Finance Co. Ltd as the manager to the issue. - Tamil Nadu Newsprint and Papers Ltd. is on the verge of finalising a long-term agreement with the Coimbatore-based Sakthi Sugars for the supply of bagasse. - The company entered into a joint venture with Case Austoft Industries, Queensland, in designing the package of implements for the mechanisation programme. 2000 - The Company proposes to hive off its soya division as a wholly owned subsidiary, according to a notification from the Madras Stock Exchange. - The Company Issue of 1,41,00,000 No. of Equity shares on private placement basis to the promoter's and/or to companies belonging to promoter's group or such other person(s) intending to subscribe for the equity shares of the company. - The Foundry Division has been hived-off to Sakthi Auto Component, which is a wholly-owned subsidiary of the company. 2004 -ABT Ltd. reduces its stake in the company from 11,857,600 equity shares to 8,357,600 equity shares -Grantham A/c GMO Emerging Markets Fund acquires 1,025,000 shares of Sakthi Sugars Ltd. amounting to 3.70% of the total capital of the company -ABT Ltd. sells 300,000 shares of the company, stake comes down to 80,57,600 equity shares 2007 - Sakthi Sugars Ltd has appointed Sri. K V Ramaswamy as Additional Director on the Board of Directors of the Company. 2008 - The Company's European subsidiary, Orlandofin BV, has acquired a Swedish Company called 'Arvika Gjuteri AB' having facilities to produce 28,000 MTs per annum of castings for buses, trucks, and heavy off-road vehicles, and a machine shop. - The Company has appointed Sri. C Rangamani as Additional Director on the Board of the Company. 2009 - Appointment of Sri M Balasubramaniam as Joint Managing Director-Finance and Sri M Srinivaasan as Joint Managing Director-Technical - Entered into a Master Restructuring Agreement with the Lenders in respect of restructuring of its debts under the Corporate Debt Restructuring Scheme announced by Reserve Bank of India. 2010 - Appointed Sri T Santhanakumar as Nominee Director. - Reappointed Sri. V. K. Swaminathan as Executive Director. 2011 - The Company's wholly owned subsidiary, Sakthi Auto Component Limited has acquired a Company in Mauritius by name Sakthi Auto Mauritius Limited. - Appointed Sri V. M. Manogaran as Nominee Director. 2013 -Sakthi Auto Component Limited (SACL) and as such SACL was the wholly Owned subsidiary of the Company. 2014 -Company has commenced its cane crushing operation for the season. 2015 -Sakthi Sugars - Intimation of commencement of sugarcane crushing operation for the season 2015-16 at Dhenkanal Sugar Unit