YEAR EVENTS 1988 - The Company was incorporated on 3rd October, and obtained the Certificate for Commencement of Business on 10th February, 1989. It was promtoed by Smt. T. Sarada, Vijayaraghavan Nambiar and Andhra Pradesh Industrial Development Corporation, Ltd. (APIDC). The main object of the company is Manufacture of Cocoa and Chocolate products for domestic and exports markets. - The company undertook to set up facilities for Cocoa processing and chocolate manufacturing with a capacity of 3000 TPA of Cocoa and Chocolate products. The project is located at Nastipur village, in the Medak district of Andhra Pradesh. Plant and Machinery were imported from A.E. Nielsen Maskinfabrik Aps, Denmark, Heidenouer Maschinenfabrik GmbH, Germany and from Italy, UK. etc. - The Company entered into technical arrangement with M/s. Chocolate Confectionery Consultancy, U.K., headed by Ms. Anne Cridland specialists in the area of formulation of recipes, product development etc. In return for the services rendered, a consultancy fee of sterling Pound 100 per man day plus expenses were to be paid. - Also, the Company retained the services of Plantek (M) SDN BHD of Malaysia, for Consultancy Services in terms of conducting feasibility studies, measures for plant protection, crop management, post-harvest processing etc. A consultancy fee of US $ 50,000 was to be paid for the same. Both the agreements are valid for a period of three years. 1991 - The Company allotted 80,000 - 14% non-convertible debentures of Rs. 100 each and 30,000 - 14% non-convertible debentures of Rs. 100 each of SBI Mutual Fund and Canbank Mutual Fund respectively on private placement basis. - 18,00,000 shares allotted for cash at par (8,60,000 shares to promoters, directors, etc. 4,40,000 shares to APIDC; 2,00,000 shares to SBI Mutual Fund and 3,00,000 shares to Canbank Mutual Fund) 22,00,000 No. of equity shares of Rs. 10 each were then issued at par of which 2,00,000 shares were reserved and allotted on a preferential basis to employees, etc. Balance 20,00,000 shares were offered to the public in October. Additional 6,00,000 shares allotted to retain over subscription (2,70,000 shares to promoters, 3,00,000 shares to public and 30,000 shares to employees. 1992 - 30,70,000 No. of equity shares allotted to holding company. Sunshine Allied Investment Ltd., (SAIL), Singapore. 1994 - 17,17,756 Shares of Rs. 10 each at a premium of Rs. 2 per share allotted to foriegn collaborators. M/s. Sunshine allied Investments Ltd. (Singapore). 1995 - The improved performance was attributed to launch of six new products in consumer range and expansion of distribution network to State of Kerala, Goa and Maharashtra. However, reduction in off-take of industrial chocolates by one of the major buyers apart from curtailing of Cocoa operations consequent to increase in domestic prices of Cocoa beans affected net profits. - The Company entered into a selling arrangement with cocoa specialists SDN Bhd of Malaysia (Cocospecs) a subsidiary of Grand Central Investment Holding, U.K. for export of its entire saleable production of coca derivatives and bulk chocolate at prevailing world market prices. A selling commission of 2% of FOB was payable to coco specs. - Also, entered into a sub contract conversion agreement with Britannia Industries Ltd. (BIL) for undertaking manufacture of range of chocolate products for them. As per this agreement all raw materials and packing materials required for manufacture of products were to be provided by BIL who would also indicate the product-mix, specifications and volumes required for various products according to which the company would undertake manufacturing programme. - The Company is a subsidiary of Sunshine Allied Investments Ltd. (SAIL) Singapore. The controlling interests of SAIL was acquired by Pengkalen Holding Berhad (PHB) Malayasia. - 37,55,108 No. of equity shares issued on Rights basis (Prop. 2:5; Prem. Rs. 10) to foreign collaborators. (34,53,293 shares taken up). 2001 - The Hyderabad-based Lotus Chocolate Company Ltd. a wholly-owned subsidiary of Singapore-based Network Foods International Ltd. which is part of MUI group of Malaysia, has launched three new products - Maltese, Fun and Magic. 2014 -Lotus Chocolate Company Ltd has informed that the Company have appointed Shri. Bharathan RajaGopalan Thatal as Additional Director of the Company. -Lotus Chocolate Company Ltd has informed that the Company have further appointed Shri Rabindranath Jarugumilli as Additional Director of the Company.