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Lahoti Overseas Ltd. Company History and Annual Growth Details

Lahoti Overseas Ltd. was incorporated in the State of Maharashtra with the name of LAHOTI OVERSEAS PVT. LTD. on 24th April, 1995 tinder the Companies Act, 1956. Subsequently, the Company has been converted into Public Limited Company by passing a Special Resolution on 26th April, 1995 and obtained fresh Certificate of Incorporation dated 29th May 1995 from the Registrar of Companies,Maharashtra, Bombay.

The Company was promoted by Shri Umesh Lahoti with the object of taking over as a going concern the business of the erstwhile Partnership Firm M/s. LAHOTI EXPORTS (a Merchant Exporter) including all the assets and liabilities.

M/S. LAHOTI EXPORTS was set up in 1990 by Shri Ujwal Lahoti and Shri Umesh Lahoti as a Partnership Firm with the object of export of cotton yarns. Initially the firm's turnover consisted mainly of exports on commission basis with only a small proportion of direct exports and later on it started exports directly to have a better return on investment. The firm's turnover has shown an impressive growth from Rs. 3.19 Lacs in 1991-92 to Rs. 2473.79 Lacs in the year 1994-95.

LAHOTI EXPORTS is engaged in the export of cotton yarns of various counts. The firm carried Out its export and management from Bombay Office, 307, Arun Chambers, Tardeo Road, Bombay - 400 034. The firm carried out its purchase operation from its head office at 57, Guruwar Peth, Karad - 415 110, a Cotton Spinning Mill area.

2003

-Lahoti Overseas bags Gold Trophy from TEXPROCIL

2004

- Lahoti Overseas Ltd has been selected for Awards by Federation of Indian Export Organization (FIEO) & The Cotton Textiles Export Promotion Council (TEXPROCIL), which are the export promotion bodies sponsored by the Government of India.

2005

-Delist securities from The Stock Exchange - Ahmedabad w.e.f. March 18, 2005 and from Pune Stock Exchange Ltd w.e.f. March 14, 2005.

-Company has splits its Face value of Shares from Rs 10 to Rs 2
2006

-Lahoti Overseas has recommended dividend @ 10%

2007

-Lahoti Overseas has approved Interim Dividend @ 15%

2008

-Lahoti Overseas has designated E-mail ID for Investors Complaints: investor@lahotioverseas.com

2009

-Lahoti Overseas has recommended dividend @ 10%

2010

-Lahoti Overseas has recommended dividend @ 20%

2011

-Lahoti Overseas has recommended dividend @ 20%

2012

-Mr. Ujwal Rambilas Lahoti has been appointed as Executive Chairman of the company.

2013

-Lahoti Overseas has recommended the dividend of 20% (i.e. Rs. 0.40) per share of Rs. 2/- each.

2014

-Company has recommended the dividend of 20% (i.e. Rs. 0.40 per share) of Rs. 2/- each.

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