YEAR EVENTS 1982 - The company was incorporated as a private limited company on 19th Feb. under the name of Nag Bottling and Packaging Co. Pvt. Ltd. The company was promoted by Indian Fine Black Limited, Bijon Nag and others. The Company manufactures coloured and flavoured liquors, extra neutral alcohol, technical alcohol, shedge fertiliser and cattlefeed. 1986 - The Company became a public limited company and its name was changed to IFB Agro Industries Limited with effect from 3rd April. - The Company took over the business of Nag Bottling and Packaging Company, a partnership firm, which was engaged in the manufacture of potable coloured and flavoured liquor at Durgapur district Burdwan in West Bengal. - The Technical Collaboration process know-how design, engineering and consultancy for the project was obtained from M/s. Starcosa, West Germany. - The Company revalued the plant and machinery and utility equipment at the Durgapur plant as on 30th June, and arising out of this was credited to capital reserves. - Promoters, directors, etc., of the Company were to divest their equity holding in excess of 40% by an commercial production at a price not exceeding the prevailing market price. - 1,04,000 bonus shares allotted to the existing shareholders in prop. 10:1 as on 11th July. 23,60,000 No. of equity shares then issued at par of which 9,60,000 shares to promoters including Indian Fine Blank Ltd., directors, etc., and 3,00,000 shares to WBIDC were reserved and allotted. Out of the remaining 11,00,000 shares, 5,58,000 shares reserved for preferential allotment as follows: - (i) 1,18,000 shares to employees of the company (only 30,100 shares taken up) and - (ii) 4,40,000 shares to NRIs (only 2,11,400 shares taken up). The balance 5,42,000 shares, together with the unsubscribed portion of 3,16,500 shares out of the preferential quota, were offered to the public in July. 2,75,000 additional shares allotted to the public to retain oversubscription. 1987 - Imposition of various restrictions by the State Government adversely affected the revenue and capacity utilisation of the Company. - During the year the Company established a new Project Engineering and Contract Division to provide technical know-how on behalf of Starcosa and Engineering Services in Indian and other down stream chemicals. In this respect, a technical collaboration agreement was entered into with M/s. Starcosa GmbH of West Germany. 1989 - The project and engineering division received an order for setting up a project for manufacture of alcohol from starch on the basis of Starcosa technology. 1990 - The Company commenced marketing of its Indian Made Foreign Liquor brands which were well received in the market. Installation of additional facilities at the alcohol plant was started. - Forfeiture on 400 shares annulled. 13,74,700 rights equity shares issued at par in prop. 1:2 in March, 1991. Additional 2,06,205 shares allotted to retain oversubscription. Another 68,735 shares offered at par to employees but only 67,800 shares taken up. The balance 935 shares allowed to lapse. 1992 - Bottling facilities at Dugapur were upgraded . The second plant for manufacture of IMFL was also under implementation. - The Company proposed to diversify into the field of aquaculture and related projects and collaboration with a reputed houses was on the anvil. - The Company's projects & Engineering division was being suitably re-oriented in order to integrate its activities and to take up different projects for implementation both in-house as well as for external parties. 2007 - Ifb Agro Industries Ltd has appointed Mr. Rahul Choudhary, a member of the Institute of the Company Secretaries of India, who has requisite qualification as prescribed under the Companies (Appointment & Qualifications of the Secretary) Rules, 1988 as Company Secretary of the Company with effect from 2nd April, 2007. Hence, Mr Rahul Choudhary will act as Compliance Officer of the Company. 2012 -Mr. Indroneel Goho has been appointed as President and Chief Operating Officer (COO) of the Company 2013 -IFB Agro Industries Ltd has been commenced of commercial production at Dankuni Unit of the Company. 2015 -IFB Agro Industries Limited's Long Term issuer rating to 'IND A' from 'IND A-'. 2022 -Capacity expansion project of the Company's Distillery located at Noorpur, South 24 Parganas, West Bengal, has been completed, as a result of which the Spirit production capacity has been increased from110 KL per day to 170 KL per day. 2023 -Commercial Production after completion of renovation/modernization works at Marine Processing Plant situated at Plot No:- IND-5, Sector-I, East Kolkata Township, Kolkata-700107 has successfully commenced today on 14th September, 2023.