Hatsun Foods was incorporated as a private limited company in Mar.'86, by R G Chandramohan. In Apr.'86, the company was admitted as a partner in Chandramohan & Co, a partnership firm, promoted by the same promoter. During the same month, Chandrmohan & Co was dissolved and all the assets and liabilities of the firm vested with the company, except the Arun brand name which was vested with R G Chandramohan. In 1987, the company acquired the Arun brand name, subject to a payment of 1% royalty on the company's gross ice cream sales turnover. The company became a public limited company in Aug.'95._x000D_ _x000D_ Till Apr.'95, the company was carrying on its manufacturing activities. It scrapped its manufacturing facilities at Tolgate unit, since the facilities became old and outlived its utilities. The company is concentrating only on marketing of ice cream and milk- and dairy-based products under the Arun brand name. For sourcing ice cream and other ice cream based products, the company has entered into contractual arrangements with Atlantic Foods, a group concern. _x000D_ _x000D_ The company has put up a 250-kVA windmill for power generation. Hatsun came out with a public issue in Jan.'96. _x000D_ _x000D_ The name of the Company has been changed with the approval of the Central Government from Hatsun Milk Food Limited to Hatsun Agro Product Limited effective from 7.4.1998._x000D_ _x000D_ The Company has diversified its activities and entered into production and sale of Toor Dhall and Urad Dhall under the brand name "Apurva"._x000D_ _x000D_ Hatsun Milk Products Limited was merged with the Company with retrospective effect from 1.4.98 vide order of high court dated 18.2.99. and the process of amalgamation was completed on 26.2.99. Ajith Dairy Industries too merged with the compnay. The company has also amalgamated Hatsun Foods Company Ltd._x000D_ _x000D_ During 2000-2001 the company's second dairy plant was commissioned at Belgaum._x000D_