Foods and Inns Ltd.

YEAR                       EVENTS
 1967 - The Company was incorporated on 11th October, as a private
        limited company under the name of Country Inns Pvt. Ltd. and
        was converted into a public limited company from 24th
 November
        1970.  The Company's objects is to Manufacture egg powder,
 milk
        powder, fruit juices and other food products, cattle feed and
 to 
        generally carry on the business of poultry farmers.
 
      - Shares subscribed for in cash by the subscribers to the 
        Memorandum, directors and their friends.
 
 1968 - On 31st December, the name of the company was changed to Foods
 
        And Inns Pvt. Ltd. 
 
 1971 - 2,50,000 shares offered at par for public subscription
 through
        a prospectus in January 1971.
 
 1978 - 6,850 shares forfeited.  6,850 forfeited shares reissued
 during
        1987.
 
 1981 - The Company established a fruit canning unit at Bulsar in
 Gujarat
        State for the manufacture of canned fruits, pulps and
 vegetables 
        for exports as well as for domestic markets.  
 
 1985 - The Company undertook a programme to expand its poultry farm
        capacity from 45,000 birds to about 1,00,000 birds by
 converting
        from the present deep litres system to the Californian cage 
        system and three homes were already converted.
 
 1986 - Six houses at the poultry farm at Pune were converted into 
        Californian cage system and steps were taken to convert four
 more
        houses on a similar basis.
 
      - The company acquired on a 5 years lease a canning factory at 
        Killa Pardi in the Valsad district of Gujarat and commercial
        production commenced at the factory.
 
      - Finns Canning Pvt. Ltd. a 100% EOU set up for processing
 frozen
        vegetables and fruits, name was changed to Finns Frozen Foods
        (India) Ltd.
 
      - Dravya Finance, Ltd. and Asim Exports International, Ltd. are
 
        subsidiaries of the Company.
 
 1987 - Another two houses were converted into Californian cage
 system.
 
 1988 - The entire poultry farm was converted into a Californian cage
        system with a wider accommodation for 90,000 layer birds
 against
        36,000 birds in the past.
 
      - 1,75,000 bonus shares issued in prop. 1:2.
 
 1989 - The canning division developed two products, namely, Papaya in
 
        Brine and Papaya paste, which received good response in the 
        Japanese market.
 
 1990 - 5,25,000 bonus shares issued in prop. 1:1.
 
 1992 - The Company entered into the export of goods such as Basmati
        rice, pickles, spices etc.
 
 1995 - The company proposed to sell its poultry division on a going 
 
        concern to M/s. Bhairvnath Poultry Farm Pvt. Ltd., so as to 
        concentrate on its core business of food processing.
 
      - The company proposed to undertake expansion/modernisation of
 its
        Chembur plant along with product improvement/development.
 
 2007
 -Foods & Inns Ltd has considered the dividend @ 12%
 
 2010
 -Foods & Inns Ltd has recommended a declaration of Dividend of Rs.
 1.80 per equity share of Rs. 10 each
 
 2011
 -Foods & Inns Ltd has recommended the Dividend @ 18%
 
 2013
 -Foods & Inns Ltd has considered and recommended the dividend 10 %
 (i.e. Re. 1 per equity share) on equity shares
 
 2014
 -Foods & Inns Ltd has considered and recommended the Final Dividend
 of 18% (i.e. Re. 1.80 per equity share) on equity shares.
 
 2019
 -Acquisition of branded spice company Kusum Masala, foray into B2C
 business including frozen products, tetra-recart and others.
 -The Company has issued Bonus Shares in the Ratio of 2:1.