Bannari Amman Sugars Ltd
NSE: BANARISUG BSE: 500041
₹3202.90
-20.50 (0.64%)
Wed, 28 Oct 2026, 09:18 pm
Market Cap (in Cr)3975.4
PE Ratio32.99
Dividend0.39
Process Industries
Agricultural Commodities/Milling
24.5KBannari Amman Sugars Ltd Company History
1983
- The Company was incorporated on 1st December in Tamil Nadu.
1985
- 18,50,000 shares were issued at par and 10,000 shares were reserved for allotment on a preferential basis to NRIs.
1986
- The Company received a letter of intent for the manufacture of 5,400 tonnes per annum of citric acid.
- The Company planned to enter into the business of processing and exporting granite stones and to set up a textile mill for the manufacture of cotton yarn.
1989
- The Company commenced commercial activities in its granite division.
- The Company proposed to set up a factory to process and polish granite slabs.
1990
- The Company operated the granite quarry and commenced production of granite slabs.
- The Company received a letter of intent for setting up a new sugar factory in Alagauchi village in Nanjangud Taluk of Mysore District.
- The Company took steps to establish a market in foreign countries for granite slabs and blocks.
1991
- The granite division commenced production of granite tiles.
- The land for establishing the sugar factory was secured and construction of the factory building commenced.
- The Company issued 14% secured redeemable non-convertible debentures for Rs 14 crores to Citi Bank NA on private placement basis.
1992
- The Company issued 37,5000 Secured Zero interest fully convertible debentures of Rs 50 each at par on Rights basis.
- The Company issued Secured Redeemable Non-Convertible Debentures for Rs. 14 Crores to Citibank N.A. on private placement basis.
1993
- The Company produced 27,286 sq. mtrs of granite slabs and 2,766 sq. mtrs. of granite tiles.
- The sugar factory in Tamil Nadu worked for 202 days and the total sugarcane crushed was 244,989 tonnes.
- The sugar factory in Karnataka worked for 142 days and sugarcane crushed was 177,442 tonnes.
- The debenture of Rs 50 was converted into one equity share of Rs 40 per share.
- The Company introduced new varieties of cane in the sugarcane area based on performance trials.
1994
- 37,89,700 shares were allotted on conversion of secured zero interest fully convertible debentures.
- The Company participated in 2 International Fairs to develop export market for polished granite products.
- There was diversion of sugarcane in the reserved area for manufacture of jaggery.
1995
- The sugar factory in Tamilnadu worked for 342 days.
- The Company issued 20,00,000 equity shares of Rs 10 each to the members of M/s. Coimbatore Alcohol & Chemicals Ltd. as per the Scheme of Amalgamation.
- The Hon'ble High Court of Judicature at Chennai approved the Scheme of Amalgamation for merging M/s Coimbatore Alcohol and Chemicals Limited with the Company.
1996
- The sugar factory at Tamilnadu worked for 280 days and at Karnataka for 269 days.
- The Company introduced one kg packet of sugar under the brand name `Bannari' in and around Coimbatore.
1997
- The Sugar factory in Tamil Nadu and Karnataka worked for a period of 196 days and 194 days respectively.
- The Company received a Letter of Intent from the Government of India for expansion of cane crushing capacity in Karnataka.
- The Company issued 17.5% secured redeemable non-convertible debentures of Rs. 100 each aggregating Rs. 5 crores on private placement basis to ICICI.
- The Company redeemed Rs 33 per debenture aggregating Rs. 4,62,00,000.
- The Company launched its branded sugar under the name Bannari in and around Coimbatore.
- The Company planned to diversify into textiles by setting up a Rs 30 crore textiles unit.
1998
- Bannari Amman Sugars Limited planned to double the sugarcane crushing capacity of its Nanjangud-based unit from 2,500 tonne cane per day to 5,000 tonne cane per day.
- The Bannari Amman group launched a Rs. 65-crore expansion programme in its flagship company, Bannari Amman Sugars Ltd.
- The Company proposed to install an additional power plant having a capacity of 16 MW.
- Bannari Amman Sugars received the ISO-9002 certification for applying quality system for white crystal sugar in its Tamil Nadu sugar factory.
- The Company redeemed Rs 34 per debenture being second instalment of redemption.
1999
- The Company fully redeemed 14% secured non-convertible debentures of Rs.100 each aggregating Rs. 14 crores.
- The factory at Tamilnadu worked for 301 days and the factory at Karnataka worked for 245 days.
- The Company participated in STONA '99 International Granite Fair conducted in Bangalore in February.
2001
- The Company proposed to acquire 3267950 shares of Annamallai Finance Ltd. from Shiva Distilleries Ltd. at Rs 6 per share.
2004
- The Company's registered office started functioning in their newly constructed office at 1212, Trichy Road, Coimbatore 641018.
2005
- Equity shares of the company delisted from the Madras Stock Exchange Ltd and The Delhi Stock Exchange Association Ltd.
2008
- Bannari Amman Sugars Ltd appointed Sri. T Gundan as an Additional Director on the Board of the Company.
2009
- Bannari Amman Sugars Board recommended payment of dividend of Rs 10/- per Equity Share and Rs 9/- per Preference Share
2010
- Bannari Amman Sugars Board recommended payment of Dividend of Rs. 10/-
2011
- Bannari Amman Sugars Board recommended payment of Dividend of Rs. 10/-
2012
- Bannari Amman Sugars Board recommended payment of Dividend of Rs. 10/-
2013
- Bannari Amman Sugars Ltd recommended a payment of Dividend at 125% i.e. Rs. 12.50/- per share on Equity Share of Rs. 10/- each.
2014
- Bannari Amman Sugars Ltd recommended payment of Dividend at 125% i.e. Rs. 12.50/- per share on Equity Share of Rs. 10/- each.
