LT FOODS Share price

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 APEDAIn 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 BanksWe 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 somemachineries 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/Milestones1990-91 Incorporation of our Company as a Private Limited Company1993-94 Converted into a Public Limited Company1994-95 Set up our own milling capacity of 4 TPH1995-96 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 America1997-98 Awarded ?APEDA Export award? for outstanding contribution to promotion of agricultural and processed food products during the year 1996-97.1998-99 Took over the business of Lal Chand Tirath Ram Rice Mill having capacity of 6 TPH1999-00 Recognised as Star Trading House by Government of India Registered and launched the brand ?DAAWAT? in Mauritius Saudi Arabia and New Zealand2000-01 Started the processing facility at Bahalgarh Unit of 4 TPH Registered and launched the brand ?DAAWAT? in Australia2001-02 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 systems2002-03 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 Rice2004-05 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 Hon?ble Chief Minister Haryana for valuable contribution to Economic Development of Haryana2006-07 Inauguration of Silos Complex Increase in capacity from 18 MTPH to 27 MTPH