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Goodricke Group
BSE: 500166|NSE: GOODRICKE|ISIN: INE300A01016|SECTOR: Plantations - Tea & Coffee
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Company History - Goodricke Group
YEAR                       EVENTS
 1977 - The company was incorporated on 14th June and the certificate
 of
        commencement of business was obtained on 27th June.  It was
        formed to take over the Indian business and assets of 8
 sterling
        tea companies comprising 17 tea estates.
 
      - In terms of the scheme of Amalgamation sanctioned by the
 Calcutta
        High Court the company acquired the Indian undertakings of
 the
        sterling companies as a going concern with all their assets
 and
        liabilities as at the close of business on 31st December. 
 The
        company carries on cultivation of tea and coffee plantations.
 
      - Eight sterling tea companies viz., The Assam-Doors Tea Co.
 Ltd.,
        Hope Tea Co. Ltd., The Lebong Chulsa Tea Co. Ltd., The
 British
        Darjeeling Tea Co. Ltd., The Chulsa Tea Co. Ltd., The Leesh
        River Tea Co. Ltd., The Danguajhar Tea Co. Ltd., and The
        Meenglas Tea Co. Ltd., were amalgamated with the Company with
        from 31st December.
 
      - 14,43,000 No. of equity shares were allotted by the Company
 to
        Assam-Dooars Investments Ltd., U.K. and 7,77,000 No. of
 equity
        shares of Rs 10 each to Western-Dooars Investments Ltd., U.K.
        The balance consideration of Rs 60.2 lakhs was retained by
 the
        Company as interest free unsecured loan from (i) Assam-Dooars
        Investment Ltd., U.K. (ii) Western-Dooars Investments Ltd.,
 U.K.
        both repayble in five equal instalments and the first of such
        instalments fell due on 1st January, 1979.
 
 1979 - 7,79,986 shares issued for cash at par. 60,000 shares to
 public
        financial institutions (20,000 shares each to UTI, LIC &
 GIC);
        59,986 shares to directors, employees and business associates
 of
        the Company who are resident Indian nationals and 6,60,000
 shares
        to the public during July-August.
 
 1983 - 6,00,000 bonus equity shares issued in prop. 1:5.
 
 1986 - 36,00,000 bonus equity shares issued in prop. 1:1.
 
 1989 - 36,00,000 bonus shares issued in prop. 1:2.
 
 1991 - 108,00,000 bonus equity shares issued in prop. 1:1.
 
 1992 - Effective 18th May, Tiru Tea Ltd., which has tea estates in
 the
        Darjeeling district of W. Bengal, became a subsidiary of the
        Company.
 
 1994 - The Company's instant tea project with a capacity of 6,00,000
 kgs
        of instant tea powder of both cold and hot water soluble
 variety
        made substantial progress.
 
      - The Company received an offer from Himalaya Tea Garden &
 Farming
        (Pvt.) Ltd., Nepal to participate in its equity as a joint
        venture partner and play a role with expansion and
 modernisation
        scheme.
 
 1995 - The Company in participation with other major Tea Companies
 in
        India, invested in a joint venture company (JVC) project
 India
        Blend Pvt. Ltd.  This JVC will create a brand image of Indian
        Tea for sustained exports to the Russian market.
 
 2003
 
 -The Company is restructuring its operations in Darjeeling by selling
 off unviable tea estates and simultaneously trying to acquire good tea
 gardens.
 
 -Mr. BN Ghosh, the present Vice President (Finance) of the Company,
 as Wholetime Director (Finance) of the Company, effective January 1,
 2004.
 
 
 2004
 
 - Has re-appointed Mr. K S David as Managing Director of the
 Company.
 
 
 2005
 
 - Tea major Goodricke plans new exclusive brand for south India.
 
 - Appointed Mr. Prodosh Kumar Sen as an Independent Non-executive
 Director.
 
 
 2008
 
 - Appointed Mr. A N Singh as Managing Director & Chief Executive
 Officer (MD & CEO).
 
 
 2009
 
 - Mr. P J Field has been appointed as Non-executive Director.
 
 
 2011
 
 - Re-appointed Mr. Arun Narain Singh as Managing Director & Chief
 Executive Officer (MD & C.E.O).
Source : Dion Global Solutions Limited
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