Company History: 1987 - The Company was incorporated as a Public Limited Company on 15thJuly at Chennai (Tamilnadu) under the name `Ushta-te BiotechIndustries Limited'.
- It was originally promoted by Tamilnadu Industrial DevelopmentCorporation Limited (TIDCO) and M/s KND Engineering TechnologiesLimited (KNDETL) in the joint sector. - The Company was set up to manufacture tapioca based Starch and valueadded products like High Fructose Syrup Glucose Syrup DextroseMonohydrate Dextrose Anhydrous Starch Powder and Animal Feed.
- The Company's manufacturing facilities are integrated to manufacturebiotechnology products using Tapioca.
1994
- The name of the Company was changed to the present one with effectfrom 4th November and a fresh certificate of incorporation wasobtained thereafter.
1995
- The Company has launched consumer products through its Home ProductsDivision" such as GLUCOSE `D' powder with brand name of `GLUCOSDIN'and PURE HONEY with brand name of `HONEY GOLD'.
- The Company offered 44 16 000 No. of equity shares on Rights basis inthe ratio of one equity share for every two shares held as on 16thJune at a premium of Rs. 35/- per share.
1996
- Home Products Division of the Company has entered into second year ofoperation and has launched "GLUCOSE GOLD" premium Glucose Powder "GLUCO ORANGE" flavoured energy drink as well as Prickly Heat Powderwith brand name "MELLO TOUCH".
1998
- The Company's Home Products Division produces and markets Honey Glucose Powders and Prickly Heat Powder.
- Pure Honey marketed by the Company under the brand name `Honey Gold'is steadily gaining wide acceptance.
- The Company is introducing new flavours - Glucose Cola and GlucoseStrawberry
- The company had set up a branch in Abu Dhabi in January.
2000
- DSQ Biotech Ltd has drawn up a growth strategy which will involve thesetting up of bio-informatic research centres in San Diego US Chennaiand Bangalore.
- The company is also setting up a plant to extract gluten from wheatin Cuddalore.
- Preferential offer of 1.5 crore equity shares of Rs. 10/- each at sunpremium to FIIs/NRIs/OCBs/Pension Funds/private equityfunds/MFs/Corporate funds/High Networth Individuals either individualor foreign and/or preferential basis from time to time in one or moretranches as may be deemed appropriate by the Board.
- DSQ Biotech inaugurated its state-of-the-art bio-informatics trainingcentre at Chennai.
- The Company is all set to demerge its business into two companies --manufacturing and research-cum-services.
2002-2002-DSQ Biotech Ltd has informed BSE that Mr K Gopalakrishnan shall continue as Director and Mr M G Anant Kumar continues as Whole Time Director. Earlier the Company had informed BSE that Mr K Gopalakrishnan and Mr M G Anant Kumar have resigned as Managing Director and Whole Time Director respectively.
