Warren Tea Ltd.

YEAR                       EVENTS  
 1977 - The Company was incorporated on 31st May in the state of
 Assam
        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
 30th
        June.  The Companies main objects is Cultivation of tea
        plantations, manufacture of machinery for processing tea and
 to
        carry on the business as warehousemen, shippers and
 exporters.
 
      - The Sterling Companies have in aggregate 12 tea estates with
 a
        total planted area under tea admeasuring about 6,078 hectares
 &
        situated in the Dibrugarh district of Assam except Thowra
 Estate
        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
 up
        additional plantations in the Doom Dooma, Borahapjan,
 Hoogrijan,
        Rajmai and Chabua areas.
 
      - Warren Plantation Holdings Ltd. is a diversified U.K.
 plantation
        group with overseas interests in tea, coffee, rubber, palm
 oil
        and live-stock operating in India, Kenya, Nigeria, Papua New
        Guinea and Indonesia.
 
      - Warren Tea Holdings Ltd. is a wholly-owned subsidiary of
 Warren
        Plantation Holdings Ltd., and was owing 100% of the equity
 and
        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
 as
        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,
 was
        to achieve the Indianisation of the Company.  The net proceeds
 of
        the issue were utilised from the general business operations
 of
        the Company.
 
      - 13 shares subscribed for by the signatories to the Memorandum
 of
        Association and allotted to a director, all being resident
 Indian
        nationals and 37 shares subscribed for cash by Warren Tea
        Holdings Ltd., U.K.  23,87,661 shares to Warren Tea Holdings
 Ltd.
        U.K. and its nominees and 17,339 shares (6,500 shares to
        Non-residents and 10,839 shares to resident Indian nationals)
 to
        shareholders of Laloni Tea Estates Ltd. were allotted without
        payment in cash.  8,45,000 shares were then issued at par. 
 Out
        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
 April,
        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
 Foods
        and Feeds Ltd., under the terms of a rights issue.  This
 brings
        the total holding of the Company in Vegepro Foods & Feeds,
 Ltd.
        to 41,20,000 No. of equity shares of Rs 10 each acquired at
 the
        rate of Rs 12/- per share.
 
 1993 - 9,00,000 new equity shares of Rs 10 each at a premium of Rs
 100
        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
 by
        Warren Tea Holdings Plc., U.K.
 
      - Warren Tea Ltd, a Vinay K Goenka group company, has recorded
 an
        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
 production
        at 106.84 lakh kg in the six-month period April-September
 1998.
        The total income for the current period April-September 1998
        was higher.
 
 1999 - Warren Tea Ltd has recommended a final divident of 40 per cent
 on
        the paid-up equity making the overall dividend payable at 80
 per
        cent for the year ended March 31, 1999.
 
      - The crop is likely to suffer further shortfalls due to
 adverse
        weather conditions prevailing in Assam.
 
      - The good teas have been attracting good prices, the medium
 and
        average teas have seen a significant decline in the auction
        prices.
 
 2002
 
 -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,
 2002.
 
 
 2008
 
 -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 investors@warrentea.com.
 
 2012
 
 -The Company have approved the appointments of Messrs B. M. Chatrath
 & Co., and Messrs Singhi & Co., as Joint Statutory Auditors.
 
 2013
 
 -Warren Tea has given the Bonus in the Ratio of 7:10