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Assam Company (India) Ltd.

BSE: 500024 | NSE: ASSAMCO |

Shares falling in the `Trade-to-Trade` or `T-segment` are traded in this series and no intraday is allowed. This means trades can only be settled by accepting or giving the delivery of shares.
Series: BE | ISIN: INE442A01024 | SECTOR: Plantations - Tea & Coffee

BSE Live

Oct 29, 16:00
0.54 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
168,584
10-Day
120,745
30-Day
84,423
62,201
  • Prev. Close

    0.54

  • Open Price

    0.55

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Oct 29, 15:32
0.60 0.05 (9.09%)
Volume
AVERAGE VOLUME
5-Day
276,453
10-Day
234,864
30-Day
224,668
224,127
  • Prev. Close

    0.55

  • Open Price

    0.55

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

Company History - Assam Company (India)
YEAR                                                        EVENTS
 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
 include
        the cultivation of tea plant action and manufacture of the
 tea. 
        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
 Tea
        Co. Ltd. (iv) Alonah Tea Co. Ltd. (v)  Thanai Tea Company
 Ltd.
        and (vi) The Upper Assam Tea Co. Ltd. were incorporated and
        amalgamated with the Company effective from close of business
 on
        31st December.  The six sterling companies owned 16 estates
 in
        India.
 
 1978 - 7 shares subscribed for by the signatories to the Memorandum
 of
        Association; 25,99,000 shares allotted without payment in cash
 to
        Assam Investments Ltd., U.K., 70,000 shares reserved and
 allotted
        to public financial institutions, viz., UTI, LIC and GIC and
        50,000 shares reserved and allotted to employees of the
 Company.
        7,89,993 shares offered at par for public subscription during
        January-February 1979.
 
 1979 - The object of the public issue of capital during
 January-February
        was to reduce the non-resident holding in the Company to a
 level
        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
 Company
        Ltd.
 
 1989 - Effective from 4th December, the name was changed to Assam
 Co.,
        Ltd.
 
      - Assam Gold Properties Ltd., Lord Inchcape Financial Services
        Ltd., Assam Gold Foods Ltd., Assam Agrottic-Tech Ltd.,
 Camelia
        Estates Ltd., Goodluck Properties Pvt. Ltd., Sribhumi
 Properties
        Pvt. Ltd., Duncan Macneill Infrastructure Ltd., Duncan
 Macneill
        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
 with
        Monterey Mushrooms Inc. USA, for growing and marketing
 mushrooms.
 
      - The company proposed to undertake production of instant tea,
        fruit flavoured tea, herbal flavoured tea and a range of
 other
        exotic teas in collaboration with Ashbys of U.K.
 
      - The Company proposed to issue secured redeemable
 non-convertible
        debentures on Rights basis with one/two warrants attached to
 it
        to be converted into equity shares.
 
 1994 - The Company undertaken to participate as a result of MOU
 entered
        on 28th January, by Duncan Macneill (Holding) Ltd. UK with
 the
        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
 35
        per share allotted on preferential basis to Indian associates
 of
        the management group.  64,00,000 Rights shares issued during
 Oct. 
        1994 (Prem. Rs 30; prop. 2:5).  Till date only 63,96,342
 shares
        taken up.
 
      - January-April, the company issued 64,00,000 Rights equity
 shares
        of Rs. 10 each at a premium of Rs. 30 per share.
 
 1996 - The Company entered into infrastructure sector and was
 pursuing
        the prospects in the field of oil and gas energy and land -
 based
        infrastructure projects for its mega infrastructure project
 in
        Hyderabad & Vizag.
 
      - The infrastructure development programme received a set back
 in
        view of a show cause notice received from the Govt. of Andhra
        Pradesh.
 
 1998 - 160 equity shares issued.
 
 2001 - The Company has declared and introduced Voluntary Retirement
 Scheme
              for employees on January 8, following which the
 employees have launched
              an agitation, resorting to a non-co-operation, go-slow
 policy.
 
 
 2003
 
 -Assam Company Board approves Rights Issue
 
 2004
 
 -Board approves rights issue of equity shares in the ratio of 1:5 at
 a premium of Rs 10 per share
 
 2005
 -Company has splits its Face value of Shares from Rs 10 to Re 1
 
 2006
 
 -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.
 
 2007
 
 -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.
 
 2008
 
 - Assam Company Board recommends dividend @ 10% per Equity Share for
 the approval of the shareholders at the forthcoming Annual General
 Meeting.
 
 - 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. 
 2009
 
 -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
 
 2010
 
 -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
 Meeting.
 
 - Assam Company India Ltd Appointed  Mr. Pradip Tusnial as Additional
 Director of the Company w.e.f. May 7, 2010.
 
 2011
 
 - 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.
 
 2012
 
 - Assam Company India Ltd  has been appointed Mr. Sarvadaman Ray as
 an Additional (Non - Executive Independent) Director with immediate
 effect.
 
 -Assam Company India Ltd recommended payment of Dividend @ Re. 0.05
 per Equity Share of Re. 1/- each.
 
 2013
 -Assam Company India Ltd has recommended payment of Dividend @ Re.
 0.05 per Equity Share.
 
 2014
 -Assam Company India Ltd has entered into an Agreement for their
 investment in the Amguri field for and on behalf of Government of
 India.