The Grob Tea Company Ltd. Company History and Annual Growth Details

1895 - The Company was incorporated on 7th January at Calcutta. The
main activities are cultivation & sale of tea. The total area
under cultivation is 1,427.56 hectares. The company owns four
gardens in Assam viz., Doyang, Dessoie, Kanu and Teen Ali.

1948 - 14,703 Bonus `A' Equity shares issued.Â

1954 - 24,718 `A' bonus shares and 24,079 `B' bonus shares issued to
holders in prop. 1:2 by capitalising reserve.
Â

1958 - On 1st January, the Teen Ali Tea Co. Ltd., was amalgamated with
the Company.

- 45,000 fully paid `A' shares of Rs. 10 each issued without
payment in cash to the shareholders of Teen Ali Co. Ltd., in
prop. 1:1 on its merger with the Company.Â

Â 1959 - All shares converted into equity shares of Rs. 5 each. 1,55,272
right equity shares then issued (prem. Rs. 2.50 per share prop.
1:1).Â

Â 1965 - The Company acquired Doyang Estate on 20th January.Â

1980 - 4,65,817 bonus equity shares issued in prop. 1:1.
Â

1985 - Profits declined due to shortfall in the crop and lower average
price realised for the company's teas.Â

1989 - Good field management, strict quality control and the general
buoyancy in the tea market enabled the company to improve the
working results.

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