Govt. of India vide its letter No. LI:431(1993) dated 07/12/1993 had issued a letter of intent to HSlDC for the manufacture of Sugar having capacity of 2500 TCD Sugar Mill to be set up at lndri Distt. Karnal in the state of Haryana in the joint sector. A joint Sector financial collaboration agreement was signed between HSlDC and Piccadily Hotels Pvt. Ltd. & its Associates on 04/02/1994. Govt. of India vide its letter No. Ll:431 (93)195 Amendement dated February 1,1995 has amended the original letter of intent. Piccadily Agro Industries Limited will implement the project in the assisted sector in terms of this letter. Piccadily Agro Industries Ltd. (PAIL), a public limited company incorporated on 25th day of March, 1994 is setting up a new plant for the manufacture of white crystal sugar, refined sugar with installed capacity of 2500 TCD (expandable to 3500 TCD) alongwith the facilities~ for co-generation of 6 MW power at village Bhadson situated on Umri- Indri link road about 8kms from Grand Trunk Road, Distt. Karnal, Haryana, in assisted sector with Haryana State Industrial Development Corporation Ltd. (HSlDC). 2010 -Piccadily Agro Industries has recommended payment of Final Dividend @ 10% -Shri. Harvinder Chopra has been appointed as Managing Director of the Company 2011 -Piccadily Agro has recommended payment of final Dividend @ 20% 2012 -Piccadily Agro Industries has recommended payment of final Dividend @ 10% 2013 -Piccadily Agro Industries has recommended payment of final Dividend @10% of the face value per equity share out of the current years profit (i.e. Rs. 1/- per equity share of Rs. 10/- each). 2015 -The Company has allotted the Bonus Shares to its shareholders in the Ratio of 1:1. 2024 -The Company announced award wins at two of the most coveted global spirit competitions.