Enter the first few characters of Company and click 'Go'

Foods & Inns Ltd. Company History and Annual Growth Details

YEAR EVENTS
1967 - The Company was incorporated on 11th October, as a private
limited company under the name of Country Inns Pvt. Ltd. and
was converted into a public limited company from 24th November
1970. The Company's objects is to Manufacture egg powder, milk
powder, fruit juices and other food products, cattle feed and to
generally carry on the business of poultry farmers.

- Shares subscribed for in cash by the subscribers to the
Memorandum, directors and their friends.

1968 - On 31st December, the name of the company was changed to Foods
And Inns Pvt. Ltd.

1971 - 2,50,000 shares offered at par for public subscription through
a prospectus in January 1971.

1978 - 6,850 shares forfeited. 6,850 forfeited shares reissued during
1987.

1981 - The Company established a fruit canning unit at Bulsar in Gujarat
State for the manufacture of canned fruits, pulps and vegetables
for exports as well as for domestic markets.

1985 - The Company undertook a programme to expand its poultry farm
capacity from 45,000 birds to about 1,00,000 birds by converting
from the present deep litres system to the Californian cage
system and three homes were already converted.

1986 - Six houses at the poultry farm at Pune were converted into
Californian cage system and steps were taken to convert four more
houses on a similar basis.

- The company acquired on a 5 years lease a canning factory at
Killa Pardi in the Valsad district of Gujarat and commercial
production commenced at the factory.

- Finns Canning Pvt. Ltd. a 100% EOU set up for processing frozen
vegetables and fruits, name was changed to Finns Frozen Foods
(India) Ltd.

- Dravya Finance, Ltd. and Asim Exports International, Ltd. are
subsidiaries of the Company.

1987 - Another two houses were converted into Californian cage system.

1988 - The entire poultry farm was converted into a Californian cage
system with a wider accommodation for 90,000 layer birds against
36,000 birds in the past.

- 1,75,000 bonus shares issued in prop. 1:2.

1989 - The canning division developed two products, namely, Papaya in
Brine and Papaya paste, which received good response in the
Japanese market.

1990 - 5,25,000 bonus shares issued in prop. 1:1.

1992 - The Company entered into the export of goods such as Basmati
rice, pickles, spices etc.

1995 - The company proposed to sell its poultry division on a going
concern to M/s. Bhairvnath Poultry Farm Pvt. Ltd., so as to
concentrate on its core business of food processing.

- The company proposed to undertake expansion/modernisation of its
Chembur plant along with product improvement/development.

2007
-Foods & Inns Ltd has considered the dividend @ 12%

2010
-Foods & Inns Ltd has recommended a declaration of Dividend of Rs. 1.80 per equity share of Rs. 10 each

2011
-Foods & Inns Ltd has recommended the Dividend @ 18%

2013
-Foods & Inns Ltd has considered and recommended the dividend 10 % (i.e. Re. 1 per equity share) on equity shares

2014
-Foods & Inns Ltd has considered and recommended the Final Dividend of 18% (i.e. Re. 1.80 per equity share) on equity shares.

2019
-Acquisition of branded spice company Kusum Masala, foray into B2C business including frozen products, tetra-recart and others.
-The Company has issued Bonus Shares in the Ratio of 2:1.

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