1977 - The Company was incorporated on 15th March in Assam and the
Certificate of Commencement of business was obtained on 28th
June. The scheme of amalgamation of the six sterling tea
companies with the Company was approved by the High Courts at
Calcutta & Guwahati with effect from the close of business on
31st December. The object & activities of the Company
the cultivation of tea plant action and manufacture of the
The Company also exports tea.
- The Indian undertakings of six sterling companies viz (i) The
Assam Co. Ltd. (ii) Assam Estates Ltd. (iii) The Greenwood
Co. Ltd. (iv) Alonah Tea Co. Ltd. (v) Thanai Tea Company
and (vi) The Upper Assam Tea Co. Ltd. were incorporated and
amalgamated with the Company effective from close of business
31st December. The six sterling companies owned 16 estates
1978 - 7 shares subscribed for by the signatories to the Memorandum
Association; 25,99,000 shares allotted without payment in cash
Assam Investments Ltd., U.K., 70,000 shares reserved and
to public financial institutions, viz., UTI, LIC and GIC and
50,000 shares reserved and allotted to employees of the
7,89,993 shares offered at par for public subscription during
1979 - The object of the public issue of capital during
was to reduce the non-resident holding in the Company to a
not exceeding 74%.
1984 - 35,00,000 bonus shares issued in proportion 1:1.
1985 - 70,00,000 bonus shares issued in proportion 1:1.
1988 - To commemorate its 150th anniversary, the Company proposed to
change its name from Assam Co. (India), Ltd. to the Assam
1989 - Effective from 4th December, the name was changed to Assam
- Assam Gold Properties Ltd., Lord Inchcape Financial Services
Ltd., Assam Gold Foods Ltd., Assam Agrottic-Tech Ltd.,
Estates Ltd., Goodluck Properties Pvt. Ltd., Sribhumi
Pvt. Ltd., Duncan Macneill Infrastructure Ltd., Duncan
Power & Utility Ltd. are all subsidiaries of the Company.
1992 - The Company initiated talks with the Assam Government in a
hydro-carbon related areas. A collaboration was worked out
Monterey Mushrooms Inc. USA, for growing and marketing
- The company proposed to undertake production of instant tea,
fruit flavoured tea, herbal flavoured tea and a range of
exotic teas in collaboration with Ashbys of U.K.
- The Company proposed to issue secured redeemable
debentures on Rights basis with one/two warrants attached to
to be converted into equity shares.
1994 - The Company undertaken to participate as a result of MOU
on 28th January, by Duncan Macneill (Holding) Ltd. UK with
Govt. of Andhra Pradesh for and on behalf of the company and
various other associated and group company.
- The company proposed to venture into production of valuable
agricultural products such as black pepper vanila, ginger,
turmeric etc., on the plantations, utilising the land area
unsuitable for the production.
1995 - 20,00,000 No. of equity shares of Rs 10 each at a prem. of Rs
per share allotted on preferential basis to Indian associates
the management group. 64,00,000 Rights shares issued during
1994 (Prem. Rs 30; prop. 2:5). Till date only 63,96,342
- January-April, the company issued 64,00,000 Rights equity
of Rs. 10 each at a premium of Rs. 30 per share.
1996 - The Company entered into infrastructure sector and was
the prospects in the field of oil and gas energy and land -
infrastructure projects for its mega infrastructure project
Hyderabad & Vizag.
- The infrastructure development programme received a set back
view of a show cause notice received from the Govt. of Andhra
1998 - 160 equity shares issued.
2001 - The Company has declared and introduced Voluntary Retirement
for employees on January 8, following which the
employees have launched
an agitation, resorting to a non-co-operation, go-slow
-Assam Company Board approves Rights Issue
-Board approves rights issue of equity shares in the ratio of 1:5 at
a premium of Rs 10 per share
-Company has splits its Face value of Shares from Rs 10 to Re 1
-Assam Company Ltd has informed that the Company, Assam Investment
Ltd (formerly Duncan Macneill Holdings Ltd) and their associates
(ASSAM) have entered into a Joint Venture (JV) Agreement with DMS
Exploration Services, LLC (DMS)
-Assam Company Ltd floats a joint venture company with the
Austin-based DMS Explorations.
-Assam Company Ltd signed a Memorandum of Understanding (MOU) with
Gujarat State Petroleum Corporation Ltd (GSPC) tor development of SEZ
(Special Economic Zone) Hydrocarbon Park.
-Assam Company Ltd has appointed Mr. Umesh Barasia as a Director of
the Company with effect from January 26, 2007.
- Assam Company Board recommends dividend @ 10% per Equity Share for
the approval of the shareholders at the forthcoming Annual General
- Entered into an MoU with the Gujarat State Petroleum Corporation to
form a wholly-owned subsidiary Gujarat Hydrocarbons and Power SEZ Ltd
(GHAPSL), which would set up an SEZ in Gujarat to cater to
export-oriented industries in the oil and gas sectors.
-Assam Company Board recommended payment of Dividend @ 15% (Fifteen
percent only) per Equity Share of Re 1/- each for the approval of the
shareholders at the forthcoming Annual General Meeting
- Assam Company - Change in name of the Company from Assam Company
Ltd to Assam Company India Ltd
-Assam Company(india) Ltd recommended payment of Dividend @ 20%
(Twenty percent only) per Equity Share of Re. 1/- each for the
approval of the shareholders at the forthcoming Annual General
- Assam Company India Ltd Appointed Mr. Pradip Tusnial as Additional
Director of the Company w.e.f. May 7, 2010.
- Assam Company (India) Ltd Appointes Mr. Bharat Anan as a
Non-Executive Independent Director on the Board.
- Assam Company (India) Ltd Recommended payment of Dividend @ 0.20
per Equity Share of Re. 1/- each
- Assam Company (India) Ltd Appointed M/s. Walker, Chandiok & Co.,
Chartered Accountants, as the new Statutory Auditors of the Company.
- Assam Company India Ltd has been appointed Mr. Sarvadaman Ray as
an Additional (Non - Executive Independent) Director with immediate
-Assam Company India Ltd recommended payment of Dividend @ Re. 0.05
per Equity Share of Re. 1/- each.