YEAR EVENTS 1983 - The company was incorporated on 16th July, at Calcutta. It was promoted by B.D. Kanoria. The main object of the company is to manufacture tea and processing of cotton/blended yarn. 1985 - Subsequently Bengal Tea & Industries Ltd. (BTIL) was amalgamated with the Company with effect from 1st April. BTIL owned three tea estates in Assam and acquired Asarwa Mills. 1990 - The tea division has eight gardens with a gross area of 6,363 hectares located in Assam namely Pallorbumd, Mackeypore, Poloi, Dooloogram, Ananda, Pathalipam, Bordeobam and Lakmijan Tea estates. 1991 - The Company entered the branded poly-packed tea segment with the introduction `Classic Gold' and `Pollorbund' in Northern and Estern India. - The textile division Asarwa Mills comprises of a composite mill located at Ahmedabad and an industrial yarns unit located at Dholka. The composite mill has an installed capacity of 48,304 spindles and 324 looms to produce 50 lakh Kgs. of cotton, polyester-cotton and polyester viscose yarns per year and 35,000 mtrs. of cloth per day. Later the spinning section was modernised by installing automatic looms. The industrial yarns unit consists 19 open end spinning machines having a total rotor capacity of 3,528 and a capacity to produce 100 lakh kgs. of coarse yarns used in furnishing fabrics, denim and industrial fabrics. 1992 - The Company undertook to set up a new spinning project in the name of Asarwa Overseas with a capacity of 18,144 spindles to manufacture cotton/blended yarn for export at village Walthera, Taluka Dholka, Dist. Ahmedabad. - 2,00,000 No. of equity shares of Rs. 10 each issued, subscribed and paid up. 7,54,680 No. of equity shares allotted as fully paid up for consideration other than cash. 9,46,040 bonus shares issued. 1993 - The Company issued 25,000 - 17% secured redeemable partly convertible debentures of Rs. 1,280 each to UTI. Part-A of Rs. 1000 will be redeemed in four equal annual instalments in the 5th 6th, 7th and 8th years. - Part-B of Rs. 280 will be converted into 7 equity shares of Rs. 10 each at a premium of Rs. 30 per share at the end of six months from the date of allotment. Accordingly 1,75,000 No. of equity shares allotted at a premium of Rs. 30 per share. - 18,92,080 bonus equity shares issued. 21,57,500 No. of equity shares of Rs. 10 each at a premium of Rs. 30 per share issued out of which 1,00,000 shares were issued and allotted to promoters, etc. on firm basis. Out of the remaining, 1,07,875 shares and 2,00,000 shares then issued and allotted to employees and Indian Mutual Funds respectively on preferential basis. The balance 17,49,625 shares were issued to the public during January 1994. All were taken up. 1994 - The textile division Efforts were being made to increase the yield per hectare by installing, rejuvenation and new plantation. The textile division's profitability was affected by the abnormal increase in price of raw cotton. - Steps were taken to increse the capacity of Asarwa Overseas from 18,144 spindles to 24,192 spindles. Also, for installation of wind power farm with a capacity of 3 MW in the coal area of Gujarat, payment for land was made. - The objects of the public issue made during January, were to finance the capital cost of the new spinning project, to meet the long term working capital requirements and to get the equity shares listed. - 19,92,080 rights equity shares were issued (prem. Rs. 25 per share; prop. 1:1). 2002 -Shri Basudeo Kanoria resigns from Board of Bengal Tea & Fabrics. -Bengal Tea and Fabrics Ltd has informed that the Board of Directors appointed Mr. Lalit Dugar as the Secretary of the company and further he has been appointed as the Compliance Officer wef November 1, 2002. By virtue of the appointment of Mr. Lalit Dugar as the Compliance Officer the additional charge of compliance officer as given to Mr. D. S. Pagaria (Chief Financial Officer) has been ceased. 2004 -Delist from Ahmedabad Stock Exchange (ASE) with effect from October 15, 2004. 2006 -Bengal Tea and Fabrics Ltd Issues Rights in the Ratio of 1:2 2007 -Bengal Tea & Fabrics Ltd delists Equity Sharesfrom The Calcutta Stock Exchange Association Ltd (CSE). 2008 -Bengal Tea & Fabrics Ltd has informed that the equity shares of the Company have been delisted from the Calcutta Stock Exchange Association Ltd (CSE) w.e.f. March 25, 2008. 2009 - Bengal Tea & Fabrics Ltd has informed that Mr. Abhijit Datta has been appointed as an Additional Director of the Company with immediate effect. 2011 -The Board of Directors of the Company has in the meeting held on 7th May 2011 has recommended a dividend of Rs.1.50 per share. 2012 -Dhanpat Singh Pagaria has been appointed as Compliance Officer. 2013 -The Board of Directors has appointed Sri Kailash Prasad Khandelwal as an Additional Director. 2014 -Bengal Tea & Fabrics Ltd has has recommended a dividend of Rs. 2.00 per equity share. 2022 The Company has decided the closure / sale/ transfer/ disposal of the Textile Division located at Asarwa Mills, Ahmedabad, Gujarat .