CCL PRODUCTS (I) Share price

Continental Coffee Limited was incorporated under the nameof "The Sahayak Finance & Investment Corporation Limited"as a Public Limited Company in 1961 with its RegisteredOffice in the State of Andhra Pradesh.It made regular profits from the year 1962-63 to 1970-71and dividends ranging from 4% to 9% were paid from 1964-65to 1969-70 during which period the predominant business ofthe Company was that of Hire Purchase financing. The Boardof Directors passed a resolution to get the shares of theCompany listed on the Hyderabad Stock Exchange on 26thOctober 1970 and accordingly 100000 shares of Rs.10/-each were listed on the Hyderabad Stock Exchange.During the years 1971-72 to 1976-77 the Company faceddifficulties and incurred losses due to lower businessvolumes. There was an improvement in the fortunes of theCompany from the year 1977-78. The Company has been on acontinuous dividend list from the year 1985-86 onwardsi.e. for the last 9 years. The Company has been in thebusiness of hire purchase finance and dealings in shares ona continuous basis from inception.In 1993 the Company made an application to the Company LawBoard for change of the objects clause of its Memorandum ofAssociation to include manufacture of Instant Coffee andother coffee related products and the name of the Companywas changed to Continental Coffee Limited. The approvalfrom the Company Law Board was received on 16th February1994 and the fresh Certificate of Incorporation wasreceived from the Registrar of Companies Andhra PradeshHyderabad on 22nd February 1994.The Company has implemented a predominantly export orientedproject for the manufacture of soluble coffee (InstantCoffee) with an installed capacity of 3600 M.T. per annumbased on the world renowned Brazilian technology. The plantis being located at Duggirala in Guntur District AndhraPradesh and started commercial production in April 1995.