Sunil Agro Foods Limited is the flagship company that belongs to B. Shantilal Group of industries. The Company incorporated on 20 Dec 1988. The sister companies are Brindavan Roller Flour Mills and Belgaum Roller Flour Mills. SAFL is in the manufacturing of Atta, Maida, Sooji, Chakki Atta, Bran and Bran Flakes. The company has a turnover of 150 crores. The processing plant has the latest plant and machinery and has a production capacity of 400 tons a day. The marketing network and supply reaches out to the state of Karnataka. SAFL is the market leader in the bakery flour segment with the largest market share and brand name in the state of Karnataka.YEAR EVENTS1988 - The Company was Incorporated as a Private Limited Company on 20th January. The company's objects is Processers of wheat to maida, atta and sooji. 1994 - It was converted into a public limited company on 13th April. It was promoted by B. Shantilal, Kamala Bai, B.S. Vinod Kumar and S. Pramod Kumar. 1995 - The Company undertook to double its production capacity to 60,000 tpa plant and Machinery were imported from M/s. Polimex -Cekop of Pland and other machinery were procured indigenously. - The Company entered into a technical arrangement with Narpinder Kumar Gupta New Delhi, for technical drawings, selection of imported machinery, etc. - 7,20,000 No. of equity shares issued to promoters, directors etc. 22,80,000 No. of equity shares of Rs.10 each were then issued through a prospectus during May 1995 as follows: - (1) On firm allotment basis: - (i) 7,80,000 shares to Indian promoters at a premium of Rs.8 per share; - (ii) 3,60,000 shares at a premium of Rs.15 per share to NRIs/OCBs - (iii) 1,50,000 shares at a premium of Rs.15 per share to banks. Of the remaining 13,400 shares reserved for allotment on a preferential basis to employees. (Only 12,800 shares taken up). Balance 9,76,600 shares along with 600 shares not taken up by employees issued to the public. 2013 -The company recommended dividend of Rs. 0.50/- (5%) per fully paid up equity shares of Rs.10/- each. 2014 -The company recommended dividend of Re. 0.50/- (5%) per fully paid up Equity Shares of Rs. 10/- each. 2018 -The Company has commenced commercial production on the expanded capacity.