Assambrook Ltd. వార్షిక వృద్ధి వివరాలు ఆధారంగా కంపెనీ చరిత్ర

YEAR EVENTS
1947 - The Company was incorporated at Calcutta. The company carries on
the business of growing and cultivation of tea plantation and
manufacture of tea.

- Pref shares issued at a prem. of Rs. 7 per share.

1969 - The name of the company was changed from Brooke Bond Estate Ltd,
to Assambrook Estate Ltd, w.e.f. 1st November.

1976 - 3,50,000 Bonus equity shares issued in prop. 1:1.

1982 - The Company added 23 hectares in Group 'A' and 25 hectares in
Group 'B'.

1983 - With a view to reorganising the Dhullie factory in the Company's
Group 'B' estates, a major expansion/modernisation programme was
taken up.

- With effect from 30th May, the name was again changed from
Assambrook Estates Ltd., to Assambrook Ltd.

1984 - A major expansion/modernisation programme was taken up during the
year. An extensive irrigation programme was also taken up with a
view to bring major part of the area under irrigation.

- Handling capacity of this factory was substantially increased and
it was equipped for dual manufacture of orthodox and CTC teas.

- At an extra-ordinary general meeting of the Company on 23rd June,
the shareholders approved the issue of 35,000-15% non-convertible
bonds of Rs 100 each in exchange and cancellation of 35,000-6%
cumulative preference shares of Rs 100 each.

- The Calcutta High Court confirmed the reduction of capital by
cancellation of 35,000-6% cumulative preference shares of Rs 100
each and consent of the CCI was also received for the issue of
the bonds. These were alloted on 1st January, 1986.

- Vineet Udyog Ltd., Vineet Exports, Ltd., and Assambrook
Investments Ltd., was the wholly owned subsidiaries of the
Company.

1985 - 7,00,000 Bonus equity shares issued in prop. 1:1. Pref. shares
exchanged for Non-Convertible bonds.

1986 - 7,00,000 Rights shares issued (Prem. Rs 10 per share; prop. 1:2)
Only 5,27,206 shares taken up.

1988 - The Company launched the blended tea operations in domestic
market.

- The Company entered into an agreement for acquisition of four tea
gardens in the State of Kerala.

1989 - The Company entered into an agreement for acquisition of four tea
gardens in the State of Kerala.

1990 - The Company launched its blended tea in polypack under the brand
name 'Mahak' in North India.

1993 - During March, the Company allotted 4,82,134 fully convertible
debentures on right basis to the existing shareholders. Each
debenture was automatically converted into five equity shares of
Rs 10 each at a premium of Rs 40 per share within six months from
the date of allotment.

1994 - Negotiation were on with Orissa Mining Corporation for
identification, selection and allotment of suitable granite
mines.

- 24,10,670 No. of equity shares allotted at a prem. of Rs. 40 per
share on conversion of FCD.

1995 - Operations were adversely affected due to unfavourable climatic
conditions in the form of early drought followed by uneven
distribution of rain which retarded growth of crops.

1996 - Performance of the Company was affected due to poor price
realisation and higher input costs.

2004

- Declares lock-out at its Mananthavady Group comprising of Talapoya, Cherakara, Tatamala & Jessie Tea Estates in Wynaad District of Kerala

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article