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LT Foods Ltd. Company History and Annual Growth Details

Our Company was incorporated as LT Overseas Private Limited on 16th October 1990 having
registered office at 532/4, Naya Bazaar, Delhi. Consequent to conversion to public limited
company, the name of the Company was changed to LT Overseas Limited vide fresh Certificate of Incorporation dated 03rd May 1994.

We started our operations in the year 1993 using certain processing facilities of Lal Chand Tirath Ram Rice Mills (LCTRRM), an associate concern, on lease. We got our registration as manufacturerexporter in 1993 from APEDA

In 1994-95 we filed our draft prospectus with SEBI and Stock Exchanges in Mumbai, Delhi, Jaipur and Ahmedabad. The object of the Issue was to part finance the expansion programme for setting up a milling plant with a capacity of 2 MTPH.

We received the observation letter from SEBI but we did not take the matter forward on account of the then prevailing poor conditions in the capital markets. However, we completed the expansion plan through term loan from Banks

We set up milling capacity (paddy to rice) of 4 MTPH in the year 1995, at Kakroi Road Sonepat. We have been making investments in plant and machineries and other assets in a bid to upgrade and modernize its production processes to meet the consistent quality requirements of customers.

In pursuance of succession agreement dated March 26, 1999, we took over the business of Lal Chand Tirath Ram Rice Mills having milling capacity of 6 MTPH, thus making the total milling capacity available with the Company at 10 MTPH.

In the year 1999-2000, we started setting up a new manufacturing facility at Bahalgarh, Haryana. The commercial production commenced in December, 2000. This factory increased our manufacturing capacity by 4 MTPH. However, our total milling capacity remained same i.e. 10 MTPH due to obsolescence of some machineries at Kakroi Road Factory.

Between 2002-2005 we increased our capacity to 18 MTPH and in the year 2005, we disposed off our Kakroi Road unit (which had a capacity of 6 MTPH) thereby reducing our available capacity to 12 MTPH at the end of 2005-2006. However with increase in capacity during 2006-07, our current owned capacity stands at 27 MTPH.

Major Events/Milestones

1990-91 Incorporation of our Company as a Private Limited Company

1993-94 Converted into a Public Limited Company

1994-95 Set up our own milling capacity of 4 TPH

1995-96 Certificate of merit was awarded by APEDA for significant contribution in the export of Indian Long Grain rice Registered the brand ‘DAAWAT’ in United States of America

1997-98 Awarded ‘APEDA Export award’ for outstanding contribution to promotion of agricultural and processed food products during the year 1996-97.

1998-99 Took over the business of Lal Chand Tirath Ram Rice Mill having capacity of 6 TPH

1999-00 Recognised as Star Trading House by Government of India Registered and launched the brand ‘DAAWAT’ in Mauritius, Saudi Arabia and New Zealand

2000-01 Started the processing facility at Bahalgarh Unit of 4 TPH Registered and launched the brand ‘DAAWAT’ in Australia

2001-02 Registered and launched the brand ‘DAAWAT’ in Canada
Obtained ISO 9001:2000 certification
Obtained HACCP certification
Obtained certification of SQF (Safe Quality Food) 2000CM for comprehensive food safety and Quality management systems

2002-03 Received the right to use APEDA certification mark 'Quality Produce of India' for exports Enhanced the capacity in Bahalgarh unit from 4 TPH to 10 TPH, making the total capacity to 16 MTPH.

2003-04 Award from APEDA for export promotion and quality development of Basmati Rice

2004-05 India Star Award from Indian Institute of Packaging
Enhanced the capacity in Bahalgarh unit from 10 TPH to 12 TPH, making the owned capacity to 18 MTPH.

2005-06 Awarded ‘Udyog Ratna’ by PHD Chamber of Commerce and Industry presented by Shri Bhupinder Singh Hooda Hon’ble Chief Minister, Haryana for valuable contribution to Economic Development of Haryana

2006-07 Inauguration of Silos Complex Increase in capacity from 18 MTPH to 27 MTPH


2007

-LT Overseas Ltd has signed a MOU with Madhya Pradesh State Industrial Corporation Ltd Corporation, Bhopal.

-LT Overseas Ltd has signed a Shareholders Agreement on June 10, 2007 with LT Overseas North America (LTO NA) - a Company incorporated under the Laws of Ontario. The Company will be holding 55.26% shares in LTO NA and in pursuance of the same LTO NA will become a subsidiary of the Company.

2008
- Company name has been changed from LT Overseas Ltd to LT Foods Ltd.

2010

- LT Foods Limited has informed regarding the outcome of Board Meeting which are as follows (1) Appointment of Ms. Radha Singh as Independent Director of the Company w.e.f. January 29, 2010; (2) Appointment of Mr. Suneet Gupta as Alternate Director of Mr. Rajesh Kumar Srivastava, Nominee Director of the Company.

--Registered Office of the Company has been shifted from A-21, Green Park, New Delhi - 110016 to Unit No. 134, First Floor, Rectangle - 1, Saket District Centre, New Delhi -110017


2011

- Mr. Anil Khandelwal has been appointed as the Chief Financial Officer of the Company designated as Director - Finance & Strategy.

- Mr. Ashwani Kumar Arora, Joint Managing Director of the Company has been designated as Chief Executive Officer of the Company.

2012
-Acquisition of M/s. Rice N Spice International and A & A International Ltd as contemplated by the Company.
-"Future Ventures enters into Co-operation agreement with LT Group".

2013
-LT Foods Ltd has approved of final dividend of Rs. 2/- per share for the year.
-The Board of Directors of the Company appointed Mr. Surender Kumar Tuteja as Additional Director of the Company.

2014
-LT Foods Ltd has informed that the Corporate Office of the Company will be relocated.
-LT Foods Ltd has approved of final dividend of Rs. 2.25/- per share for the year.

2016
-"Proposed collaboration between LT Foods Limited & DSM Nutritional Products to venture into new nutritional products".
-LT Foods has entered into an MOU with Future group to set up a joint venture to undertake the business of sourcing, manufacturing, marketing, sales, and distribution of regional rice like sona masoori rice/ south Indian rice.
-"LT Foods acquires Branded Rice Business of Hindustan Unilever focused in the Middle East Market".
-LT Foods has acquired iconic brand 817 Elephant brand of rice through its UK subsidiary LT Foods International Ltd. to further strengthen its existing presence in Canada, USA and Israel.
-LT Foods Ltd Completion of acquisition of Gold Seal Indus Valley and Rozana brand.
-"A Global Rice Specialist Company LT Foods to open a branch in Rotterdam".
-'LT Foods to enter into a JV with Japanese Snack Food major KAMEDA'.
-LT Foods has incorporated a subsidiary named as "LT Foods International Limited" in United Kingdom for strengthening its presence in Europe.

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