YEAR EVENTS 1995 - The company was incorporated and the manufacturing operations are considered only for one day. 1996 - The 'Scheme of Arrangement' entered between the Company and 'The K.C.P.Ltd' was approved by the Hon'ble High Court of Madras vide their order dated 18th March, whereby the following units of 'The K.C.P. Limited' stands transferred and vested in the company from the Effective Date viz., 1st April. - One equity share in the Company of Rs.10/- each credited as fully paid up for every two equity shares of Rs.10/- each fully paid up held by such members in 'The K.C.P. Ltd.' and all the Shareholders in 'The K.C.P. Ltd' will be issued share certificates in the Company. On completion of the related formalities, the said shares of the company will be listed on the Chennai and Hyderabad Stock Exchanges. - Shri. V.M. Rao, Chief Promoter Director of the Company has been appointed as the Chairman and Managing Director for a period of five years from 2nd April, 1996 to 1st April, 2001 on a remuneration which is within the limits of Schedule II of the Companies Act, 1956. - The Company is setting up a Bio technology Institute at Vuyyuru for increasing the yield in sugarcane. - The first Directors of the Company Shri. V.M. Rao, Smt. V.P. Durgamba and Smt. Rajeswary Ramakrishnan retire at the ensuing Annual General Meeting in terms of Article 119 of the Articles of Association of the Company and being eligible offer themselves for reappointment. 1997 - The Board of Directors also wish to inform that the Company has entered into seperate Memorandum of Understanding with Central Electronics Engineering Research Institute (CEERI), Pilani, Indian Institute of Science, Bangalore and National Remote Sensing Agency, Hyderabad for various R & D activities. - The Company issued/allotted the shares pursuant to the Scheme of Arrangement approved by the Hon'ble High Court of Madras on 18th August 1996 and share certificates are being issued to the Shareholders who have surrendered the old certificates to 'The K.C.P. Ltd'. - The fully owned Subsidiary 'The Eimco-K.C.P. Ltd' was awarded 'ISO 9001' in February, by Lloyds Registrar Quality Assurance for design, manufacture and service of chemical process equipment covering solid liquid separation technology. - During the period under review, the Company has introduced 'Voluntary Retirement Scheme' at Vuyyuru and 50 employees have opted for the same as on 31.03.97, towards which an amount of Rs.55.61 lakhs has been expended by the Company. - The Industrial relations, though quite congenial was affected on account of a strike called by a section of the workers on 27th March, which ended on 6th April, '97. The strike did not disrupt manufacturing operations as the Company was able to effectively maintain the same level of production with Support from the loyal employees. 1999 - The Company is exploring various avenues for venturing into downstream by products and further consolidation in the acetic acid and alcohol units. - During the year under review, the Company has promoted a Subsidiary Company, KCP Sugars Agricultural Research Farms Private Limited, primarily aimed at extensively carrying out research and development programmes on sugarcane and other agricultural produce. 2000 - Ms. V. R. Durgamba, Director, has resigned and Ms. Irmgard Velagapudi has been co-opted as a director on the board. - The Equity Share Capital of the Company stood at Rs.12,89,30,160 and the Reserves and Surplus stood at Rs. 61,05,68,115/- as at 31st March. - The Company has completed the installation of the high pressure boilers and automation of some of the processes at both the Units. In the coming year, expansion in the capacity of acetic acid unit from 3300 tpd to 12500 tpd; setting up of a new industrial alcohol plant of 10000 kl, in addition to setting up of 1 MW power plant from biogas are expected to be completed. - Shri. R.K. Talwar and Dr. N.B. Prasad retire by rotation and are eligible for reappointment. 2006 -Company has splits its Face value of Shares from Rs 10 to Re 1 2011 -Company have renewed and signed a fresh Memorandum of Understanding with Company's Registrars & Share Transfer Agents, M/s. Integrated Enterprises (India) Ltd. 2012 -KCP Sugar & Industries Corporation Ltd has Recommended a dividend of 70% (i.e.) Rs.0.70 per equity share. 2013 -KCP Sugar & Industries Corporation Ltd has recommended a dividend of 100% (i.e. Re. 1.00) per equity share 2014 -KCP Sugar & Industries Corporation Ltd have recommended a dividend of 85% (i.e.) Re. 0.85 per equity share.