YEAR EVENTS 1972 - The Company was incorporated on 6th May, with the Registrar of Companies, Karnataka State at Bangalore. The Certificate of Commencement of Business was obtained on 16th July. The main objective of the company is to manufacture Traders, merchants, importers, exporters and buyers and also representatives or agents of manufacturers. - The Company is at present handling the marketing and distribution of drugs and pharmaceuticals, pesticides and Indian made foreign liquors manufactured by Alembic Chemical Works Co. Ltd., Baroda, Paushak Ltd., Baroda and Nirayu Pvt. Ltd., Whitefield, Bangalore respectively. The company has established a Data Processing Services Centre at Bangalore, with the installation of a NELCO/S/5000 fourth generation computer. 1977 - 12,000 shares subscribed for by the promoters, directors, their friends and associates, etc. 1982 - The contribution to profits was mainly from Alembic Chemical Works Co. Ltd., partly due to price increase in their products. The data processing services started acquiring outside jobs and was getting stabilised in its activities and services. 1983 - 5,000 shares of Rs. 100 each issued at par for public subscription in September. 1984 - The Company received a setback in its operations on account of prolonged industrial unrest in the factory of Alembic Chemical Works Ltd. The strike by the workmen there had since been called off. 1987 - The Company had taken up the marketing of Yeraware and glass containers which contributed to the profitability. - 7,000 No. of equity shares issued at par to the public. 1988 - M/s. Sierra Investments Ltd., became a subsidiary of the Company. 1989 - The Glassware division and Fibre division contributed to the better performance of the Company. 1991 - The Company proposed to set up a project for manufacture of `Quinolones', a new generation drug, in the Panchmahal district of Gujarat. - Subject to necessary approvals being obtained, the Company proposed to issue 20% to 21% non-convertible debentures aggregating Rs. 200 lakhs either by way of Rights to shareholders or by way of private subscription to one or more financial institutions and/or banks/or mutual funds and/or bodies corporate (private or public). - The Company proposed to sub-divide its equity shares of Rs. 100 each to shares of Rs. 10 each. - After the sub-division of shares, the company proposed to issue 2,40,000 bonus equity shares of Rs. 10 each in proportion 1:1. - After the issue of bonus shares, the company proposed to issue 19,20,000 rights equity shares of Rs. 10 each at a premium not exceeding Rs. 30 per share in proportion 4:1. - Another 96,000 No. of equity shares of Rs. 10 each at a premium not exceeding Rs. 30 per share were proposed to be offered to the employees of the Company (including working directors) on an equitable basis. 2006 -Company has changed its name from Darshak Ltd. to Paushak Ltd. 2007 -Paushak has designated E-mail ID for Investor Complaints: secretarial@paushak.com 2009 -Paushak has recommended dividend at Rs 2/- per share 2010 -Paushak has recommended dividend at Rs 2/- per share 2011 -Paushak has recommended dividend at Rs 2/- per share 2012 -Paushak has recommended dividend at Rs 2/- per share 2013 -Mr. Atul Patel has been appointed as Additional Non-Executive Independent Director of the company. -Board has ecommended a dividend of Rs. 3/- per share, i.e. 30% of the company. 2014 -Paushak has recommended dividend of Rs. 3/- per share i.e. 30% on the equity shares.