YEAR EVENTS 1990 - The Company was incorporated on 27th August as a private limited company. The Company was converted into a public limited company on 14th September 1991. It was promoted by Hariram Mewawala, Ramesh Thakkar and Kishore Thakkar. The objects of the company is to produce a wide range of canned and bottled processed vegetables/foods/fruits. - The Company undertook to set up a plant at GIDC Industrial Estate Nadiad, Gujarat land admeasuring 4348 sq.mtrs. was acquired in the agro based taluka of Nadiad, Gujarat. Plant and machinery such as Vapovax boilers model 300s, water softening plant etc. were acquired. Large storage underground tanks were constructed at a depth of 30 feet for preservation of vegetables and fruits. 1994 - The company undertook to set up facilities at Nasik for manufacture of Masala, ground spices. A modernisation programme was undertaken on the existing facilities at Nadiad. With these, the Company expected to double its capacity to 12600 tonnes per annum. - The Company issued 25,00,000 No. of equity shares of Rs.10 each at a price of Rs. 62 per share to Indian financial institution, Indian mutual funds and Indian Corporate entities on private placement basis. - The Company issued 7,25,806 warrants to promoters which was to be converted into equity shares within 18 months at a price of Rs.62 per share. 1995 - In November, the capacity at Nadiad plant was expanded to 19,900 TPA from 12,600 TPA. - 70 No. of equity shares of Rs.10 each issued, subscribed and paid up. 71,99,930 No. of equity shares of Rs.10 each were issued in as follows: - (i) 28,79,930 No. of equity shares allotted on a firm basis to Indian resident, directors their friends and relatives. - (ii) 2,16,000 shares issued on preferential basis to employees (all were taken up). - (iii) Balance, 41,04,000 shares were issued to public. Additional 10,80,000 shares were allotted to retain oversubscription (4,32,000 shares to promoters, 32,400 shares to employees, 615,600 shares to public). 25,00,000 No. of equity shares issued on private placement basis (8,00,000 shares at the rate of Rs.10 per share and 17,00,000 shares at the rate of Rs.5 per share). 1996 - The overall performance of the Company resulted in a loss due to spoilage of raw materials worth Rs 80 lakhs. The domestic division's sales dropped mainly due to stiff competition and the change in sales policy. 2003 -Sets up an Export Oriented Unit (EOU) at Nadiad for manufacturing and processing of frozen food products 2005 -Adf Foods Ltd has entered into an MOU with the partnership firm M/s American Dry Fruits Stores for usage of all 4 brands namely Ashoka, Camel, Aeroplane and Classic Ashoka owned by the partnership firm until November 20, 2005. 2006 -Adf Foods Ltd has recommended a dividend @10% (Re 1/- per equity share of Rs 10/- each). 2007 -Adf Foods Ltd has recommended a final dividend @ 10% (Re 1/- per share). Total dividend (including interim dividend of 10%) will be @ 20% (Rs 2/- per share). 2008 -Mr. Ravinder Kumar Jain has been appointed as an Additional Director of the company -Adf Foods Ltd has recommended final dividend @ 10% (Re 1 per Share) 2009 -Adf Foods Ltd has recommended a dividend of 15% i.e. Rs 1.50/- per share -Company has incorporated a wholly-owned Subsidiary by the name of "ADF FOODS (INDIA) LTD" 2010 -Company's wholly-owned subsidiary, ADF Foods (India) Ltd. has received the Certificate of Commencement of Business. -ADF Foods Ltd. Completes Acquisition of Elena's Food Specialties, Inc. 2011 -ADF Foods Ltd. has recommended a dividend @ Re. 1.5/- per share 2012 -ADF Foods Ltd. has recommended a dividend @ Re. 1.5/- per share -Mr. Nishikant Bapat has been appointed as Executive Vice-President of the Company 2013 - Adf Foods Ltd has recommended a dividend @ Re. 1.5/- per share. 2014 - Adf Foods Ltd has recommended a dividend @ Re. 1.5/- per share. 2021 -"ADF Foods bags exclusive distribution rights of Patanjali products across Western Europe and UK". 2022 -The Company has splits its face value from Rs. 10/- to Rs. 2/-. 2023 -Company approved acquisition of additional shares in Telluric Foods (India) Limited, Wholly Owned Subsidiary of the Company. 2024 -The Compan has approved acquisition of remaining 30% stake from the minority members of Vibrant Foods New Jersey LLC.