1977 - The Company was incorporated on 31st May in the state of
with a view to use it as a vehicle for Indianisation of The
Sterling Companies all of which were incorporated in the U.K.
The certificate for commencement of Business was obtained on
June. The Companies main objects is Cultivation of tea
plantations, manufacture of machinery for processing tea and
carry on the business as warehousemen, shippers and
- The Sterling Companies have in aggregate 12 tea estates with
total planted area under tea admeasuring about 6,078 hectares
situated in the Dibrugarh district of Assam except Thowra
owned by The Dekhari Tea Co Ltd which is situated in the
Sibsagar district of Assam.
- The Eastern Assam Tea Co. Ltd., served as the nucleus around
which the other Sterling Companies were established to open
additional plantations in the Doom Dooma, Borahapjan,
Rajmai and Chabua areas.
- Warren Plantation Holdings Ltd. is a diversified U.K.
group with overseas interests in tea, coffee, rubber, palm
and live-stock operating in India, Kenya, Nigeria, Papua New
Guinea and Indonesia.
- Warren Tea Holdings Ltd. is a wholly-owned subsidiary of
Plantation Holdings Ltd., and was owing 100% of the equity
preference capital of the Sterling Companies that were being
merged with the Company except in Zaloni.
- The Company acquired the Indian undertakings of the Sterling
Companies as going concerns with their assets and liabilities
at the close of business on 31st October, pursuant to eleven
Schemes of Arrangement for amalgamation approved by the High
Courts at Gauhati and Calcutta.
1978 - The main object of the public issue of capital during August,
to achieve the Indianisation of the Company. The net proceeds
the issue were utilised from the general business operations
- 13 shares subscribed for by the signatories to the Memorandum
Association and allotted to a director, all being resident
nationals and 37 shares subscribed for cash by Warren Tea
Holdings Ltd., U.K. 23,87,661 shares to Warren Tea Holdings
U.K. and its nominees and 17,339 shares (6,500 shares to
Non-residents and 10,839 shares to resident Indian nationals)
shareholders of Laloni Tea Estates Ltd. were allotted without
payment in cash. 8,45,000 shares were then issued at par.
of which 65,000 shares to public financial institutions and
60,000 shares to employees of the Company (including Indian
directors) and business associates were reserved for firm
allotment. 7,20,000 shares offered for public subscription
during August 1979.
1985 - The fixed assets of the Company were revalued as on 1st
and the surplus of Rs 3,594.48 lakhs arising out of this was
credited to revaluation reserve.
- 6,50,010 bonus shares issued in prop. 1:5.
1990 - 39,00,060 bonus shares issued in prop. 1:1.
1991 - The Company undertook to modernise its assets.
1992 - The Company further acquired 20,60,000 shares in Vegepro
and Feeds Ltd., under the terms of a rights issue. This
the total holding of the Company in Vegepro Foods & Feeds,
to 41,20,000 No. of equity shares of Rs 10 each acquired at
rate of Rs 12/- per share.
1993 - 9,00,000 new equity shares of Rs 10 each at a premium of Rs
per share were allotted on preferential basis.
1997 - 20,00,000 No. of equity shares of Rs 10 each allotted to the
shareholders of WMIL in the prop. 1:2 as per the scheme of
arrangement for amalgamation with the Company.
1998 - As at 31st March, 57,30,386 shares of the Company were held
Warren Tea Holdings Plc., U.K.
- Warren Tea Ltd, a Vinay K Goenka group company, has recorded
increase in pretax and post tax profits for the six-month
period ended September 30.
- The company has also recorded a higher turnover during the
period largely on account of higher sales and higher price
realisation. The company, however, recorded a lower
at 106.84 lakh kg in the six-month period April-September
The total income for the current period April-September 1998
1999 - Warren Tea Ltd has recommended a final divident of 40 per cent
the paid-up equity making the overall dividend payable at 80
cent for the year ended March 31, 1999.
- The crop is likely to suffer further shortfalls due to
weather conditions prevailing in Assam.
- The good teas have been attracting good prices, the medium
average teas have seen a significant decline in the auction
-Warren Tea Ltd has informed that Mr H Singh has resigned as a
Director and Whole-Time Director of the Company w e f March 13,
-Warren Tea Ltd has designated email ID of the grievance redressal
division of the Company, exclusively for the purpose of registering
complaints by investors is email@example.com.
-The Company have approved the appointments of Messrs B. M. Chatrath
& Co., and Messrs Singhi & Co., as Joint Statutory Auditors.
-Warren Tea has given the Bonus in the Ratio of 7:10