YEAR EVENTS 1993 - The company was incorporated as Public limited company on 15th March. It was promoted by Punjab State Industrial Development Corporation (PSIDC). The Company manufacture white crystal sugar. - The letter of intent was issued by Ministry of Industry, Govt. of India in favour of Punjab State Federation of Co-operative Sugar Mills Ltd. to be implemented by Patran Co-Operative Sugar Mills Ltd., Patran. - Due to the change in the economic scenario, the Patran Sugar factory was transferred by the Punjab Govt. to PSID with Piccadily sugar and Allied Industry Ltd. to set up the Sugar Mill in assisted sector with minority participation to the extent of 15% by the PSIDC. - The Sugar factory was set up with an installed capacity of 2500 TCD extendable to 3500 TCD with co-generation of power to the extent of 6 MW. - The company issued 17% Partly convertible debentures of Rs 20 crores to Financial Institutions and Mutual Funds on preferential basis. - Part `A' of PCD of Rs 10 each will be converted into 1 equity shares after the expiry of 17 months from the date of allotment. - Part `B' of the PCD of Rs 10 each i.e. non-convertible part will be redeemed after the expiry of 17 months from the date of allotment. 1994 - 55,09,000 shares were allotted to promoters, their friends and relatives. 33,00,000 shares were issued to PSICD. 1,32,00,000 shares were issued through prospectus of which: - (i) 80,000 shares were offered on a preferential basis to the employees of the promoting company, - (ii) 31,50,000 shares were offered on preferential basis to NRIs and the balance 99,70,000 shares to the public. - The Company entered into an agreement on 14/10/93 with The Triveni Engg. Works Ltd. for supply of complete machinery and equipment on turnkey basis. 1995 - 25,00,000 No. of Equity shares of Rs 10 each issued on conversion of part - A of PCDs. - The Company uses Bagasse (a by-product) as fuel in common boilers for generation of steam both for generation of power through steam power turbine and for use in processing of sugar in boiling house. 1996 & 97 - No news found. 1998 - Production was adversely affected due to floods, late rains, fog and bad weather. - The Company issued 17% Partly Convertible debentures of Rs 20 crores to Financial Institutions and Mutual Funds on preferential basis. - Part `A' of PCD of Rs 10 each will be converted into 1 equity share after the expiry of 17 months from the date of allotment. - Part `B of the PCD of Rs 10 each i.e. non-convertible part will be redeemed after the expiry of 17 months from the date of allotment. 1999 & 2000 - No news found. 2010 - Piccadily Sugar & Allied Industries Ltd has appointed Sh. N. P. Gupta as Special Director on the Board of Directors of the Company.