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Origin Agrostar Ltd.

BSE: 524170 Sector: Others
BSE 05:30 | 01 Jan Origin Agrostar Ltd
NSE 05:30 | 01 Jan Origin Agrostar Ltd

Origin Agrostar Ltd. (SQUAREDBIO) - Company History

Incorporated in 1987 DSQ Biotech Ltd (DSQBL) formerly known as Square D Biotech Ltd is managed by Dinesh Dalmia. In Jun.'95 the company came out with a Rs 20.57-cr rights offer at a premium of Rs 35. DSQBL operates in the starch industry with various products like food-grade starch liquid glucose and dextrose monohydrate. It has also launched consumer products such as Glucose D powder under the Glucosdin brand name and pure honey under the Honey Gold brand name. SDBL exports its products to Srilanka Malaysia Singapore Taiwan etc.The company has initiated measures to improve the level of output by way of process optimisation and supplementing balancing facilities. It will be able to achieve a higher production level and a better capacity utilisation. The company is also widening the product range by adding new products with higher value addition for both the domestic and international markets. During the year 1999-2000 the company has launched flavoured variants Strawberry and Cola in Glucose Powder which was introduced first time in the country. The company offered 8030000 equity shares on preferential/private placement basis at a premium of Rs.265 per share to FIIs and OCBs.The company also planning to demerge its business into two companies manufacturing and research-cum-services. The proposal has been approved by the board. The company is presently in the process of identifying the investment banker to decide on the valuations and arrive at the stock split ratio.