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B&A Ltd. Company History and Annual Growth Details

YEAR EVENTS
1915 - The company was incorporated on 1st June at Guwahati as a Private
Limited company under the name of Barasali Tea Co. Pvt. Ltd. It
was converted into a Public Limited Company on 30th June 1986.
Later through merger and acquisition three more tea estates,
namely Salkathoni, Sangsua and Gatoonga came to the fold of
Barasali Tea Co. Pvt. Ltd. The Company cultivate tea.

1985 - The Company took up a programme of extensive planting on all
available vacant land and replant of all economic tea areas.

- Equity shares subdivided in early 1986. Till date, 35,000 shares
of Rs 10 each issued as bonus shares. Final call on 3000 shares
(of Rs 100 each) amounting to Rs 1,48,425 was fully paid-up by
capitalisation of reserves. 8,800 shares of Rs 10 each allotted
without payment in cash persuant to scheme of merger.

1986 - Bapil Investments, Ltd., B & A Investments Ltd. and Lipab
Investments, Ltd. became subsidiaries of the Company.

- The Company issued 4,00,000 No. of equity shares at a premium of
Rs 6 per share linked to 1,00,000-15% secured redeemable
non-convertible debentures of Rs 100 each.

- Out of the total issue, (i) 1,00,000 No. of equity shares and
40,000 debentures were reserved and allotted on a firm basis to
Unit Trust of India, (ii) 20,000 No. of equity shares and 4,000
debentures were reserved for preferential allotment to the
employees/workers of the Company and associate companies (only
3,350 shares and 1,270 debentures taken up) and (iii) 8,000 No.
of equity shares and 1,600 debentures were reserved for
preferential allotment to Business Associates of the Company (all
were taken up).

- The Balance 2,72,000 No. of equity shares and 54,400 debentures,
along with unsubscribed portion of 13,650 No. of equity shares
and 2,730 debentures were offered for public subscription (all
were taken up). These debentures were to be redeemed at a
premium of 5% in two equal annual instalments at the end of 7th
and 8th years from the date of allotment of debentures.

1993 - During February-March, the Company issued 2,08,210 - zero
interest debentures of Rs 300 each on Rights basis in prop. IFCD:
4 No. of equity shares held (all were taken up).

- Another 10,410 debentures were offered to the employees on an
equitable basis (only 60 debentures taken up). These were to be
converted into 5 No. of equity shares 10 each at a premium of Rs
50 per share on 1.4.1994. Accordingly 10,41,350 shares were
allotted.

1994 - Effective 1st April, Kuham Tea Company Pvt. Ltd., engaged in tea
plantation and manufacture was amalgamated with the Company. The
shareholder of erstwhile Kuhum Tea Company were allotted 3,90,000
shares.

- The Scheme of Arrangement between the Company and Tea Beverages
and Allied Industries Ltd., for taking over its Lohpohia tea
estate effective 1st April, received approval from High Court of
Gauhati. The erstwhile shareholders were allotted 2,48,243
shares of Rs 10 each.

2003 - Delisting of shares from Calcutta and Gauhati Stock Exchanges.

2007

-B & A Ltd has appointed Mr. Vijay Raghuram Shetty as an Additional Director of the Company with effect from October 31, 2007.

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