The fully paid-up equity capital of Rs 4.6 crore will double once shareholders approve the board recommendation of a 1:1 bonus issue. Sales during 1997-1998, grew only by 12 per cent, mainly due to the El Nino effect. During the first four months of the current fiscal, the company has recorded a turnover of Rs 49.74 crore, a growth of 14 per cent compared with the corresponding period of the previous year. Turnover for the current financial year is expected to touch Rs 275 crore, assuming that there will be no recurrence of the El Nino effect and that the crop area especially in cotton will be restored to normal acreage in 1998.

Bythe turn of the century the company plans to scale a turnover of Rs 400 crore and this will be backed by fast development of new products and heavy concentration of young products.