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Company Information

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GLOBUS SPIRITS LTD.

22 November 2024 | 12:00

Industry >> Beverages & Distilleries

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ISIN No INE615I01010 BSE Code / NSE Code 533104 / GLOBUSSPR Book Value (Rs.) 337.53 Face Value 10.00
Bookclosure 29/08/2024 52Week High 1370 EPS 33.42 P/E 24.37
Market Cap. 2351.56 Cr. 52Week Low 661 P/BV / Div Yield (%) 2.41 / 0.43 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
Incorporation and Initial Progress:

The Company was incorporated on February 16, 1993 under the name Globus Agronics Limited with the Registrar of Companies, Delhi & Haryana, as a limited liability company. The Company obtained its Certificate for Commencement of Business on March 19, 1993. Subsequently, the name of the Company was changed to Globus Spirits Limited on January 23, 2007 by way of a fresh Certificate of In corporation from the Registrar of Companies, Delhi & Haryana. The Registered Office of the Company is at C-631, New Friends Colony, New Delhi - 110065.

Major events in the history of the Company is as follows:

YEAR            MAJOR EVENTS & MILESTONES

1994-95   - First Distillery set up; commenced production of Ethyl Alcohol in April 1994
                    at Samalkha Unit, Haryana. Unit was set up with an installed capacity of 144
                    lakh BL per annum.

                 - Purchase of land at Village Shyampur, Tehsil Behror, District Alwar,
                    Rajasthan for setting up a Distillery unit for manufacturing 40,000 Bulk Litres
                    of Rectified Spirit and 20,000 Bulk Litres of Extra Neutral Alcohol per day.

                  - The company acquired 18 acres of land in village Shyampur in Behror,
                     Rajasthan. 

1995-96     - Sets up second Distillery unit at Behror, Rajasthan; Unit commissioned.
                  - Authorised Share Capital increased from Rs. 5 crores to Rs. 10 crores.
                  - Bonus issue to existing shareholders in the ratio of 12 equity shares for
                      every 10 equity shares held.
                  - Enters into agreement with International Distilleries (India) Ltd. - a
                      subsidiary of International Distillers and Ventures, UK, to bottle IMFL
                      products under the brand name of `IDI'.

1996-97      - During the year Behror Unit also started production. The sale was Rs.
                       5092.12 lakhs with a profit after tax of Rs. 278.42 lakhs. The Company has
                       also exported alcohol to the tune of Rs. 4221.54 lakhs during the year.

1998-99       - Takes up work at Samalkha unit for conversion of molasses supplied by
                        Panipat Co-operative Sugar Mills.
                    - The company has started production of IMFL at its Behror unit under the
                        brand name of Rajputana.

1999-2000     Commenced bottling of IMFL at Behror Unit in August, 1999; and Country
                         Liquor at Samalkha Unit in December, 1999.

2000-01         Haryana State Pollution Control Board on 29.8.2000 orders closure of
                        distillery unit at Samalkha for alleged non-compliance of pollution
                        requirements.

2001-02      -  Haryana Pollution Control Board orders start of Bottling of Country Liquor at
                        Samlakha unit on 17.8.2001.

                  -  Bottling at Samlakha Unit starts w.e.f 23.3.2002 after clearance by Hon'ble
                      High Court of Punjab & Haryana on issues raised by State Excise
                      Department.

2003-04     -  Enters into agreement on 26.7.2002 with Hi-Life Impex Pvt Ltd (Hi-Life) for
                       use of Trademarks in respect of Ready to Drink Beverages (RTDB) and
                       manufactures the same under technical know-how from Hi-Life.

                  -  Commercial production of RTDB starts from 27.9.2003.

2004-05     - Sets up Effluent Treatment and Environment friendly Bio-Composite Plant
                      and entire plant and machinery repaired in order to start the Distillation
                      plant at Samalkha Unit.
2005-06 Distillation Plant commences operation at Samalkha Unit in April, 2005.

2006-07       Authorised Share Capital increased from Rs. 10 crores to Rs. 15 crores.
                      Name of the Company changed from Globus Agronics Limited to Globus
                      Spirits Limited with effect from 23.1.2007.
2007 - 08 Authorised Share Capital increased from Rs. 15 crores to Rs. 25 crores.

2009

-Dr. Bhaskar Roy has been appointed as Director-Finance of the company

--Registered Office of the Company has been shifted from "C-631, New Friends Colony, New Delhi - 110065" to "A-46, Friends Colony (East), New Delhi - 110065"

2010

-Globus Spirits launches new whisky brand County Club

-Globus Spirits enters into a bottling tie-up with Jagatjit Industries

-Globus Spirits gets court approval to merge ADL with itself

2011

-Globus Spirits fully stabilizes expanded capacities

-Globus Spirits Ltd has recommended dividend of Re. 1/- i.e. 10% per equity share

2012

-"GSL signs a franchisee bottling agreement with USL".

--Globus Spirits recognised amongst Top 500 fastest growing mid-sized enterprises

2013 - Globus Spirits Ltd has recommended dividend of 12% on the equity share capital (i.e. Rs. 1.20 paise per equity share of Rs. 10/- each).

-The Registered Office of the Company has been shifted from A-46, Friends Colony (East), New Delhi-110065 to F-0, Ground Floor, The Mira Corporate Suites, Plot No.1&2, Ishwar Nagar, Mathura Road, New Delhi-110065.

2014 -Introduced Animal Feed Supplement (AFS) made from rice at Samalkha for the very first time in India.

2016 -Globus Spirits has resumed operation and commenced commercial production unit in Bihar.

2017 -Company has commenced its commercial production (with a production capacity of 1,20,000 Bulk Litre per day and a battling capacity of 15,000 cases of IMFL & Country Liquor per day) at its unit.

2018 -Incorporation of Unibev Ltd. as a subsidiary of Globus Spirits Ltd. and thereafter the launch of two whiskies - Oakton and Governor's Reserve - and a brandy - L'Affaire Napoleon in select Indian states.

2021 -Commencement of commercial production at the enhanced capacity in the West Bengal Unit of the company. -Launched TERAI India Dry Gin in New Delhi.