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Ledo Tea Company Ltd. Company History and Annual Growth Details

YEAR EVENTS
1983 - The Company was incorporated on 19th April, to acquire Ledo Tea
Estate, Assam from Duncan's Agro Industries Ltd. The Certificate
of Commencement of Business was obtained on 29th April, 1983.
The Company belongs to Sumira group; it was promoted by
R.S. Singhania & his associates & managed by Professionals.

1985 - All shares issued to promoters, directors etc. Out of the total
shares issued till date, 1,00,000 shares issued as bonus shares
in prop. 1:1, by capitalisation of reserves on 8.1.1986 and
1,00,110 shares issued as rights at par in prop. 1:2 (including
700 shares to employees) in February 1986.

1986 - 4,50,000 No. of equity shares issued at a prem. of Rs 2.50 per
share of which 22,500 shares were reserved and allotted on a
preferential basis to employees of the Company. The balance
4,27,500 shares were offered for public subscription during May.
1,12,500 additional shares allotted to the public at a prem. of
Rs 2.50 per share to retain oversubscription.

1994 - The Company spent Rs. 28.55 lakhs towards further modernisation
of factory and creation of new assets including Rs. 2.26 lakhs
for new plantation.

1995 - Production of the Company was affected due to damage to the crop
by flood.

2003
-The shareholders have approved the delisting companys equity shares from Calcutta, Delhi & Gauhati Stock Exchanges.

2010

- Ledo Tea Company Ltd has informed that Mr. Susanta Kumar Chatterjee has been appointed as an Additional Director of the Company w.e.f. May 29, 2010.
 
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