1. Shareholding Pattern of Omkar Speciality Chemicals Limited As on 31st
March 2014
Categories No. of shares held Percentage(%)
Promoters / Promoter Group 12632974 64.36
Public (Resident Individuals / Firms /HUF) 2648298 13.50
Other Corporate Bodies 2224587 11.33
Mutual Fund 888187 4.52
Financial Institutions / Banks 700000 3.57
FII 323569 1.65
Non Resident Indians 30268 0.15
Othres 180121 0.92
TOTAL 19628004 100
Board of Directors
Mr. PRAVIN S.
HERLEKAR
Chairman And Managing
Director
B.Tech-Chemical
Engineering from IIT,
MUMBAI. Chairman and
Managing Director of our
Company. He has an overall
experience of 27 years in the
field of Product Development,
Marketing and
Administration.
Mr. OMKAR P.
HERLEKAR
Whole Time Director
Post Graduate from
UICT, Mumbai Having
sound knowledge of
Organic chemistry.
Leading the research
team & an aggressive
marketing leader. He
looks after the Research
& Development activities
of our Company and
supervises the entire
factory operations
Mr.AMIT PANDIT
Independent Director
He is a Fellow member of the
Institute of Chartered
Accountants of India (ICAI),
holds a Diploma in Business
Finance (DBF) from The
Mr. SUBASH MALI
Independent Director
He is a Bachelor of
Chemical Engineering
from University of
Bombay. He has an
overall experience of
2. Institute of Chartered
Financial Analysts of India
(ICFAI) and is a commerce
graduate from University of
Bombay.
about 34 years.He is on
our board since March
25, 2010.
Dr. VIKAS TELVEKAR
Independent Director
He has done Master of
Science (Technology) and
Doctor of Philosophy
(Technology) in
pharmaceutical and fine
chemicals from Mumbai
University Institute of
Chemical Technology
Dr. SUHAS RANE
Independent Director
He is a Bachelor of
Engineering
(Mechanical) from
University of Bombay.
He also done Diploma in
Management Studies and
Master of Financial
Management from
University of Bombay.
He has an overall
experience of 37 years.
Mr. SIDDHARTH
SINKAR
Non-independent, Non-
Executive Director
Mr.Siddharth Sinkar, is a
Fellow member of the
Institute of Chartered
Accountants of India (ICAI),
and is a commerce graduate
from University of Mumbai.
He has over 12 years of
experience in the fields of
Income Tax, Company Law,
Banking, Finance etc. He has
been practicing in Mumbai
under the firm name
Siddharth Sinkar &
Associates.
3. Our Company was originally incorporated as Omkar Speciality Chemicals
Private Limited on
February 24, 2005 and was registered with the Registrar of
Companies, Maharashtra. It was
converted into a public limited company under the name Omkar
Speciality Chemicals Limited
on March 18, 2010.
We took over the business of Omkar Chemicals, a proprietary concern
(proprietor Mr. Pravin
Herlekar) in June, 2005.
Omkar Chemicals was formed in the year 1983 with capacity of 6 MT
per annum for manufacture of molybdenum derivatives.
At the time of takeover in June, 2005, the installed capacity was 318 MT
and the product range was cobalt, selenium & iodine derivatives in
addition to molybdenum derivatives.
During the year 2006-07, our Company expanded the total installed capacity
to 325 MT which was further increased to 375 MT during the year 2007-08.
In March, 2009, we set up a new manufacturing facility at plot no. F-24,
MIDC, Badlapur (E), Thane, Maharashtra viz. Unit 2 with an installed
capacity of 375 MT. With the setting up of Unit 2, our total installed
capacity
increased to 750 MT.
Our Company has
recently set up a new manufacturing facility at B-34, MIDC, Badlapur,
Thane, Maharashtra viz.
Unit 3 with an installed capacity of 200 MT through
internal accruals.
The commercial
production at Unit 3 is likely to start in the month of March, 2011.
With the set up of Unit 3, our
total installed capacity stands increased to 950 MT.
Pursuant to a Share Purchase Agreement dated May 14, 2010 between
our Company and the
shareholders of Rishichem Research Limited, we have purchased
1078 Equity Shares of
Rishichem Research Limited thereby holding 99.82% and making
it our wholly owned
Subsidiary.
4. Major events of our Company
Period Events
February, 2005
Incorporation of Omkar Speciality Chemicals Private Limited
June, 2005
Took over the entire business (all assets and liabilities)
of Omkar
Chemicals, a proprietary concern of Mr. Pravin Herlekar. The
installed
capacity after the takeover stood at 318 MT
January, 2006
Installed capacity increased to 325 MT
March, 2007
Installed capacity increased to 375 MT
April, 2009
Commenced commercial production of Unit 2, located at F-24,
MIDC,
Badlapur (E), Thane with an installed capacity of 375 MT
February, 2010
Construction activity started for Unit 3 with an installed
capacity of 200
MT, the commercial production of which is likely to start in March,
2011
March, 2010
Converted into a public limited company
May, 2010
Rishichem Research Limited became our wholly owned Subsidiary
August, 2010
Received ISO-9001-2008 certification for our Unit 2 in respect
of quality
management systems.
2011
5. -Omkar Speciality have recently set up a research center at Company's
Unit No. IV
-Mrs. Swapnali S. Puranik has been appointed as Company Secretary and
Compliance Officer of the Company
2012
-Omkar Speciality have forayed into pharmaceutical business with its
recent acquisition of LASA Laboratory Private Limited located at
Mahad.
-Mr. Nirav Momaya has been appointed as Company Secretary and
Compliance Officer of the Company
