एलटी फूड्स > कंपनी इतिहास > Food Processing > कंपनी इतिहास का एलटी फूड्स - बीएसई: 532783, NSE: DAAWAT

एलटी फूड्स

बीएसई: 532783  |  NSE: DAAWAT  |  ISIN: INE818H01020  |  Food Processing

कंपनी इतिहास - एलटी फूड्स
Our Company was incorporated as LT Overseas Private Limited on 16th
 October 1990 having 
 registered office at 532/4, Naya Bazaar, Delhi. Consequent to
 conversion to public limited 
 company, the name of the Company was changed to LT Overseas Limited
 vide fresh Certificate of Incorporation dated 03rd May 1994.
 We started our operations in the year 1993 using certain processing
 facilities of Lal Chand Tirath Ram Rice Mills (LCTRRM), an associate
 concern, on lease. We got our registration as manufacturerexporter in
 1993 from APEDA
 In 1994-95 we filed our draft prospectus with SEBI and Stock
 Exchanges in Mumbai, Delhi, Jaipur and Ahmedabad. The object of the
 Issue was to part finance the expansion programme for setting up a
 milling plant with a capacity of 2 MTPH.
 We received the observation letter from SEBI but we did not take the
 matter forward on account of the then prevailing poor conditions in
 the capital markets. However, we completed the expansion plan through
 term loan from Banks
 We set up milling capacity (paddy to rice) of 4 MTPH in the year
 1995, at Kakroi Road Sonepat. We have been making investments in
 plant and machineries and other assets in a bid to upgrade and
 modernize its production processes to meet the consistent quality
 requirements of customers.
 In pursuance of succession agreement dated March 26, 1999, we took
 over the business of Lal Chand Tirath Ram Rice Mills having milling
 capacity of 6 MTPH, thus making the total milling capacity available
 with the Company at 10 MTPH.
 In the year 1999-2000, we started setting up a new manufacturing
 facility at Bahalgarh, Haryana. The commercial production commenced
 in December, 2000. This factory increased our manufacturing capacity
 by 4 MTPH. However, our total milling capacity remained same i.e. 10
 MTPH due to obsolescence of some machineries at Kakroi Road Factory.
 Between 2002-2005 we increased our capacity to 18 MTPH and in the
 year 2005, we disposed off our Kakroi Road unit (which had a capacity
 of 6 MTPH) thereby reducing our available capacity to 12 MTPH at the
 end of 2005-2006. However with increase in capacity during 2006-07,
 our current owned capacity stands at 27 MTPH.
 Major Events/Milestones
 1990-91   Incorporation of our Company as a Private Limited Company
 1993-94  Converted into a Public Limited Company
 1994-95  Set up our own milling capacity of 4 TPH
 1995-96  Certificate of merit was awarded by APEDA for significant
 contribution in the export of Indian Long Grain rice Registered the
 brand DAAWAT in United States of America
 1997-98  Awarded APEDA Export award for outstanding contribution to
 promotion of agricultural and processed food products during the year
 1998-99 Took over the business of Lal Chand Tirath Ram Rice Mill
 having capacity of 6 TPH
 1999-00  Recognised as Star Trading House by Government of India
 Registered and launched the brand DAAWAT in Mauritius, Saudi Arabia
 and New Zealand
 2000-01  Started the processing facility at Bahalgarh Unit of 4 TPH 
 Registered and launched the brand DAAWAT in Australia
 2001-02 Registered and launched the brand DAAWAT in Canada
               Obtained ISO 9001:2000 certification
               Obtained HACCP certification
               Obtained certification of SQF (Safe Quality Food)
 2000CM for comprehensive food safety and Quality management systems
 2002-03  Received the right to use APEDA certification mark 'Quality
 Produce of India' for exports Enhanced the capacity in Bahalgarh unit
 from 4 TPH to 10 TPH, making the total capacity to 16 MTPH.
 2003-04  Award from APEDA for export promotion and quality
 development of Basmati Rice
 2004-05  India Star Award from Indian Institute of Packaging
                Enhanced the capacity in Bahalgarh unit from 10 TPH to
 12 TPH, making the owned capacity to 18 MTPH.
 2005-06  Awarded Udyog Ratna by PHD Chamber of Commerce and
 Industry presented by Shri Bhupinder Singh Hooda Honble Chief
 Minister, Haryana for valuable contribution to Economic Development
 of  Haryana
 2006-07  Inauguration of Silos Complex  Increase in capacity from 18
 MTPH to 27 MTPH
 -LT Overseas Ltd has signed a MOU with Madhya Pradesh State
 Industrial Corporation Ltd Corporation, Bhopal.
 -LT Overseas Ltd has signed a Shareholders Agreement on June 10, 2007
 with LT Overseas North America (LTO NA) - a Company incorporated under
 the Laws of Ontario. The Company will be holding 55.26% shares in LTO
 NA and in pursuance of the same LTO NA will become a subsidiary of
 the Company.
 - Company name has been changed from LT Overseas Ltd to LT Foods
 - LT Foods Limited has informed regarding the outcome of Board
 Meeting which are as follows (1) Appointment of Ms. Radha Singh as
 Independent Director of the Company w.e.f. January 29, 2010; (2)
 Appointment of Mr. Suneet Gupta as Alternate Director of Mr. Rajesh
 Kumar Srivastava, Nominee Director of the Company.
 --Registered Office of the Company has been shifted from A-21, Green
 Park, New Delhi - 110016 to Unit No. 134, First Floor, Rectangle - 1,
 Saket District Centre, New Delhi -110017 
 - Mr. Anil Khandelwal has been appointed as the Chief Financial
 Officer of the Company designated as Director - Finance & Strategy.
 - Mr. Ashwani Kumar Arora, Joint Managing Director of the Company has
 been designated as Chief Executive Officer of the Company.
 -Acquisition of M/s. Rice N Spice International and A & A
 International Ltd as contemplated by the Company.
 -Future Ventures enters into Co-operation agreement with LT Group.
 -LT Foods Ltd has approved of final dividend of Rs. 2/- per share for
 the year.
 -The Board of Directors of the Company appointed Mr. Surender Kumar
 Tuteja as Additional Director of the Company.
 -LT Foods Ltd has informed  that the Corporate Office of the Company
 will be relocated.
 -LT Foods Ltd has approved of final dividend of Rs. 2.25/- per share
 for the year.
 -Proposed collaboration between LT Foods Limited & DSM Nutritional
 Products to venture into new nutritional products.
 -LT Foods has entered into an MOU with Future group to set up a joint
 venture to undertake the business of sourcing, manufacturing,
 marketing, sales, and distribution of regional rice like sona masoori
 rice/ south Indian rice.
 -LT Foods acquires Branded Rice Business of Hindustan Unilever
 focused in the Middle East Market.
 -LT Foods has acquired iconic brand 817 Elephant brand of rice
 through its UK subsidiary LT Foods International Ltd. to further
 strengthen its existing presence in Canada, USA and Israel.
 -LT Foods Ltd Completion of acquisition of Gold Seal Indus Valley and
 Rozana brand.
 -A Global Rice Specialist Company LT Foods to open a branch in
 -'LT Foods to enter into a JV with Japanese Snack Food major
 -LT Foods has incorporated a subsidiary named as LT Foods
 International Limited in United Kingdom for strengthening its
 presence in Europe.
स्रोत: रेलीगरे टेचनोवा

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(August 06, 2018)

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