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Shri Vasuprada Plantations Ltd. Company History and Annual Growth Details

YEAR EVENTS
1873 - The Company was incorporated at Calcutta. The main objective of
the company's estate is situated in the Lakhimpur district of
Assam and has a area of 742.73 hectares (1,834.56 acres) of land.
The total planted tea area is 400.77 hectares.

1957 - Authorised capital increased. 48,000 Bonus Equity shares issued
in the proportion 4:1.

1960 - Rate of dividend on Preference shares issued increased.

1961 - 60,000 Bonus Equity shares issued in the proportion 1:1.

1967 - 30,000 Bonus Equity shares issued in the proportion 1:4.

1974 - 50,000 Bonus Equity shares issued in the proportion 1:3.

1978 - The Company took on lease the factory of the Indian Paint Colour
& Varnish Co. Ltd., Calcutta as a going concern for two years
with effect from 10th June.

- 1,00,000 Bonus Equity shares issued in the proportion 1:2.

1983 - Fairly big trees and tea nurseries were raised. Extensive
drainage work was taken up to combat water-logging. Replantation
was carried out in 6.76 hectares.

1986 - The Company installed artificial sprinkler irrigation system and
raised extensive tea nurseries.

- The name of the company was changed from Joonktollee Tea Co.,
Ltd. to the present one.

1987 - The production of tea increased by 12.8% over that of the
previous year. However, the profits were reduced due to increase
in cost of production, higher depreciation charges and lower
sales realisation.

1988 - The Company undertook replantation in 9 hectares.

1989 - 8.57% Preference shares redeemed.

1991 - Apart from packing in polypouches of 250 gms., the company also
proposed to bring tea in 100 gms. pouches to cater to wider
markets.

- A capital expenditure was incurred for purchases of machinery,
construction of labour housing and roads etc.

2011

-Joonktollee Tea & Industries Ltd has recommended dividend @ Rs. 2.50 each per shares

2012

-Joonktollee Tea & Industries Ltd. has entered into an agreement with M/s. Dhunseri Petrochem & Tea Ltd. for acquisition of Sreemoni Tea Factory

2014

-The Company have recommended dividend Rs. 6/- each per share for the year 2013-14

2016
- Joonktollee Tea & Industries Ltd has received Golden Leaf India Awards 2016.

2017

-Company issued rights shares of Rs. 10 in the ratio of 1:1 at a premium of Rs. 50 per share.

2018

- ISO 22000 : 2018

-Golden Leaf India Awards

2023

-Company name has changed to Shri Vasuprada Plantations Ltd. from Joonktollee Tea & Industries Ltd..

- Golden Leaf India Awards

-ISO 22000

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