The Company since its inception had been engaged, in the business of manufacture of sugar and allied products at its manufacturing facility of 2500 TCD situated at Prudential Nagar, PO Koppedu, Nindra Mandal, Dist: Chittoor, AP - 517 587.
However, the Company for reasons elaborately discussed in the Explanatory Statement to the Notice of Postal Ballot dated 26.08.2014 hived off its sugar business to Natems Sugar Private Limited and since then, the Company has been out of sugar manufacturing business. The Company is new enthusiastically planning to venture into new areas of business, primarily, manufacture of Agri based products by establishing a new manufacturing facility and/or acquiring or taking over an existing facility. Simultaneously, the Company has also been exploring potential opportunities for joint ventures with prospective and experienced industrialists and entrepreneurs in other profitable business segments. Also, the Company is engaged itself in carrying out due diligence for a few such proposals on hand so as to ascertain and determine the viability of the entire business proposition.
The Company with its experienced and eminent Board of Directors, hopes to zero in on some or other project related to Agri, pharmaceuticals/bulk drugs business etc., to make profitable use of its financial health.
The Company firmly believes that Human Resources are the most important organ of an organization and need to be used effectively and as success, and stability and growth of the organisation depends on its ability in best nurturing and developing such Human Resources. As your Company goes forward with enriching its Human Resources and pursuing new goals, we are confident to succeed in identifying and venturing into a profitable business in the ensuing Financial Year.
By Order of the Board of Directors | ||
Place: Hyderabad | for Prudential Sugar Corporation Limited | |
Date: 06.09.2023 | ||
Kurra Subba Rao | Y Ravinder Reddy | |
Whole-time Director | Director | |
DIN: 02552019 | DIN: 00011040 |
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.