Jayshree Tea and Industries Ltd.

YEAR                       EVENTS
 1945 - The company was incorporated at Calcutta.  This company
 carries
        on the business of tea plantations purchase and sales of teas
        within India, as well as export of teas, warehousemen for
 sorting
        teas, manufacture of all types of decorators plywood,
 blackboard,
        flush doors plywood packing cases of all types known as
 timber
        packing, products & manufacture of chemicals & fertilisers.
 
      - The company also owns tea warehouse in Calcutta for storing
 teas,
        two plywood factories viz. Woodcrafts Assam in Mariani &
 Jayshree
        Timber products in Bakultala & a factory for manufacturing
        chemicals & fertilisers in Khardah.
 
 1958 - In May, Woodcraft (Assam) Ltd., a Company registered in Assam
 for
        production of polywood and manufacture of tea chests was
        amalgamated with the Company and the name of the factory at
        Mariani was changed to Woodcrafts Assam.
 
 1959 - The Company set up a super phosphate and sulphuric acid plant
        with the capacity of 100 TPD and 50 TPD respectively at
 Khardah
        near Calcutta with the financial assistance of United
 Commercial
        Bank Ltd.
 
 1960 - The Risheehat Tea Co., was amalgamated with the Company with
        effect 1st January, by an Order of Calcutta High Court.
 
      - With effect from 27th June, the name of the Company was
 changed
        from Jay Shree Tea Gardens Ltd., to Jay Shree Tea and
 Industries
        Ltd.
 
 1962 - Capital structure reorganised.  In October, 29,156 `B' Right
        Pref. shares offered at par in the prop. 1:3 Equity.
 
 1963 - 24,886 `B' Pref. shares remaining unsubscribed out of the
 1962
        issue offered for public subscription.  Issued 2,18,666 Bonus
        Equity shares in the prop. 1:4.
 
 1966 - 2,18,666 Bonus Equity shares issued in prop. 1:5.  25,000 `C'
        Pref. shares issued at par for public subscription.  The `C'
        Pref. shares are redeemable at par on 31st December, 1978.
 
 1968 - In August, 3,27,999 Bonus Equity shares issued in the prop.
 1:4.
        5-9.3% `B' Pref. shares forfeited for non payment of calls. 
 9%
        Pref. shares redeemed during 1969.
 
 1973 - 9.3% `B' Pref. shares redeemed on 30th June.  25,000-9.3% `C'
        Pref. shares were redeemed.  5,46,665 Bonus Equity shares
 issued
        in the prop. 1:3.
 
 1975 - Jay Shree Exports Ltd., was a fully owned subsidiary of the
        Company.  On 28th April, Calcutta High Court sanctioned the
        proposal to amalgamate this subsidiary with the Company with
        retrospective effect from 1st October, 1974.
 
      - JSTI Investment Ltd., & Sungma Tea Company Ltd. are
 subsidiaries
        of the Company.
 
 1976 - The Jay Shree Shipping division was established during the
 year.
        Two second hand ships were acquired.
 
      - 5,46,665 Bonus Equity shares issued in prop. 1:4.
 
 1977 - With effect from 1st February, the Company took on leave and
        licence and cycle tyres and tubes unit of Universal Tyres
 Ltd.,
        situated at Naini, Allahabad.
 
 1980 - Authorised capital increased.  13,66,662 Bonus shares issued
 in
        the prop. 1:2.
 
 1981 - The Company received permission to increase the installed
        capacities of sulphuric acid and superphosphate by 33,000
 tonnes
        and 66,000 tonnes respectively per annum.
 
 1984 - Extensive steps were initiated to modernise and develop the
 tea
        estates.
 
      - With effect from 1st March, the Company acquired the chemical
        undertaking of M/s. Rallis India Ltd., located at Magarwara,
 U.P.
        The Jay Shree Fertilisers & Chemicals unit has the licensed
        capacities of sulphuric acid, superphosphate, hydro sulphite
 of
        soda and sodium silico fluoride of 25,000 tonnes, 72,000
 tonnes,
        1,300 tonnes and 350 tonnes per annum respectively.
 
 1985 - 20,49,993 Bonus shares issued in prop. 1:2.
 
 1986 - Due to poor off-take of cycle tyres and tubes since the middle
 of
        the year and intense competition, the Company had to close
 the
        Jay Shree Tyres & Rubber Products effective from 2nd
 November.
        The closure declared is still sub-judice in the Allahabad
 High
        Court.
 
      - In order to raise funds for modernisation and for normal
 capital
        expenditure, the Company issued 15% secured redeemable
        non-convertible debentures of the aggregate value of Rs 25
 crores
        as rights to Indian resident shareholders in the ratio 2
        debentures: 5 equity shares.  These debentures are redeemable
 at
        a premium of 5% after the expiry of the 7th year from the date
 of
        allotment viz. 1st September.
 
      - The Company proposed to issue non-convertible debentures
        aggregating Rs 15 crores on private placement basis.
 
 1987 - The Company was compelled to declare a lock-out from January
 on
        account of serious labour trouble.  The lock-out was lifted
 in
        May.
 
      - The New Superphosphate Unit at Haryana remained closed due to
        glut and drought conditions in the region.
 
 1988 - The Company was forced to declare a lock-out in the Jay Shree
        Fertilisers & Chemical unit from 5th September.  During 1989
 the
        unit was permanently closed.
 
 1989 - The Company was forced to declare a lock-out effective from
 1st
        March.  The Andaman unit was affected by severe competition.
 
      - The Company undertook estate development activities as a
 measure
        of diversification.
 
 1990 - M.V. JAY AMBIKA  vessel was scrapped and sold during the
 year.
        Another vessel M.V. JAY GAYATRI was thoroughly repaired to
        operate it economically for some years.
 
 1991 - Tea from Upper Assam, Cachar and South India estates were
 packed
        in polypouches of 250 gms. and 100 gms. under the brand name
        Sadabahar and Shaandaar.
 
      - Renovation and modernisation programmes in the factories as
 well
        as development programmes in the fields were conducted.
 
      - The working of the units at Khardah was seriously affected by
 a
        ceiling imposed on subsidy, which was subsequently amended. 
 The
        working of the Unit III at Pataudi, was also affected by
 frequent
        shut downs owing to the subsidy imposed.
 
      - Installation of Turbo Generator to generate own power by
        utilising steam from Sulphuric acid plant of unit II DCDA
 system
        for optimisation of production were expected to be
 commissioned
        shortly.
 
 1992 - The polypouch sales were brought under the banner Birla Tea.
        For administrative convenience, Liza Hill tea estate was
 merged
        with Risheehat tea estate.
 
      - The company entered into the new markets particularly in the
        Republic of erstwhile USSR and Iran.
 
      - Some balancing equipments were added to achieve stabilisation
 in
        production, control cost and bring about improvement in
 quality.
 
      - At the Palaudi unit, the working was affected by the sharp
        increase in prices subsequently to decontrol, leading to poor
        offtake and consequent shutting down of the unit from time to
        time.  The working of the unit at Gurgaon was adversely
 affected
        by decontrol of phospatic fertilisers.
 
 1994 - The Company entered into an agreement with Kesoram
 Industries,
        Ltd. and others to jointly run the tyre factory at Balasore,
        Orissa for an initial period of 3 years.  It has a stake of
 10%
        in the joint venture.
 
      - During the year 15,00,000-17.5% Non-Convertible Redeemable
 
        Debentures aggregating to Rs. 15 crores were issued on
 private
        placement basis.
 
 1995 - The Company completes 50 years of its existence on 26th
 October,
 
      - New brand of tea was launched during the year under the name
 and
        style of SANGAM-a Birla Product.
 
      - Severe drought in Assam, Darjeeling and South India during
 March
        has adversely affected tea production.
 
 1996 - Birla Tea was launched in new colour combination pouches in
 the
        new year in Orissa.
 
      - The plywood unit in Assam was closed since December 24 last
        following an interim order of the Supreme Court on the closure
 of
        plywood units located in the state.
 
 1997 - The Khardah unit has received ISO-9002 for production and
 sale
        of sulfuric acid, super phosphate (powder and granulated) and
        granulated mixed fertiliser from KPMG Peat Marwick LLP, USA. 
 
      - The company has received the ISO 9002 certification for its
 two
        tea estates at Sholayar and Kallyar in Coimbatore district. 
 
      - Jayshree Tea and Industries Ltd (JTIL), a B K Birla group
 company
        is considering amalgamation of three of its subsidiaries with
 it
        viz., the two tea companies-Sungma Tea and North Tukvar
 Tea-and
        JSTI Investments Ltd.
 
      - The company also launched new brand of teas Birla tea for the
        first time in Orissa during the year.
 
 1998 - Jayshree Tea has declared a bonus of 1:1.
 
      - Jay Shree Tea and Industries Ltd has decided to permanently
 close
        down its plywood unit at Mariani in Assam and transfer its
 plant
        and machinery to the company's other plywood unit at the
 Middle
        Andamans.
 
 1999 - BK Birla flagship Jay Shree Tea & Industries Ltd (JTIL) has
        decided to set up two factories in the north Bengal tea belt
        where the company is seeking additional land for expansion of
 tea
        cultivation.
 
      - All the five Cachar gardens have secured ISO-9002
 certification.
 
 2000 - It has set up a factory in Dooars in North Bengal with a
 capacity
        of one mkg of made tea.
 
      - Jay Shree Tea & Industries Ltd, a B K Birla group company,
 has
        decided to buyback 12.3 lakh shares under tender offer method
 at
        a fixed price of Rs 120 per share.
 
      - The company has decided upto 12,30,000 No. of equity shares of
 Rs
        10/- each constituting 10% of the total paid up share capital
 of
        the company from the shareholders at a maximum price of Rs
 140/-
        per equity share.
 
 2001 - Basant Kumar Birla group company Jay Shree Tea & Industries
 has decided to buy 
              back 10 per cent of its shares from the shareholders at
 a maximum rate of rs 75 a share.
 
 
 2004
 
 -Jay Shree Tea  takes over Bajoria owned Singbuli estate
 
 2010
 -Company has splits its Face value of Shares from Rs 10 to Rs 5.
 
 2011
 
 -Jay Shree Tea & Industries Ltd has been amalgamated with  its
 subsidiaries M.P.Chini Industries Ltd. and Parvati Tea Company (P)
 Ltd.
 
 2012
 
 -Board has recommended a dividend of Rs.3/- per share (face value of
 Rs.5/- each) on the paid up equity share capital of the Company.
 
 2013
 
 -Board has recommended a dividend of Rs.4/- per share (face value of
 Rs.5/- each) on the paid up equity share capital of the Company.
 
 2014
 
 -Board has recommended a dividend of Rs. 2.00per share(i.e.40%) (face
 value of Rs. 5/- each) on the paid up equity share capital of the
 Company.