YEAR EVENTS 1943 - The Company was incorporated at Coimbatore. The main object of the Company is Cultivation of tea. The estates are situated in Nilgiris and Coorg at an average elevation of 5000 feet. 1964 - Wooligooly Coffee estate was disposed at a profit of Rs 6,28,378. 1979 - Effective from 30th May, the name of the company was changed from Neelamalai Tea & Coffee Estates Ltd., to Neelamalai Tea & Coffee Estates & Industries Ltd. It was again changed to Neelamalai Agro Industries Ltd. 1980 - An area of 14.94 hectares on Katary Estate was brought into plucking. 1984 - A.V. Thomas Exports Ltd. and Neelamalai Investments Ltd., became subsidiaries of the Company with effect from 10th May, and 18th May, respectively. - An area of 6.40 hectares was brought into plucking on Katary Estate. An area of 3.20 hectares of old uneconomic tea was uprooted for replanting. 1985 - The Company promoted a new company by name, AVT Rubber Products Ltd. and it became a subsidiary of the company with effect from 20th July, 1984. As this subsidiary could not commence either the business for which it was formed and any other business authorised by its Memorandum of Association, the company proposed to wind up this subsidiary. 1986 - On 27th March M/s A.V. Thomas Industrial products Ltd. became subsidiary of the Neelamalai Tea and Coffee Estates and Industries Ltd. This Company was to manufacture Soyabean Oil and deoiled cake at its factory in Madhya Pradesh. - Due to unfavourable weather conditions the estates could not harvest the estimated crops. - On Katary estate, 6.40 hectares of old tea was replanted with high yielding clonal plants and a further area of 6,39 hectares of old and uneconomic tea was uprooted. - Equity shares of Rs 5 each consolidated into shares of Rs 10 each on 17th July. 1987 - The overall operations suffered as production declined and prices realised for tea were also lower than the previous year. - On Katary estate 6.39 hectares of old tea was replanted with clonal plants. 1988 - 1.37 hectares on Sulton, 6.39 hectares on Katary and 4.84 hectares on Bhawani estates were replanted with high yielding clonal plants. 1989 - Crop harvested was poor on account of unfavourable weather conditions. 1990 - Crop harvested was poor on account of unfavourable weather conditions. 1991 -3,60,000 Bonus Equity shares issued in the prop. 1:1. 1992 -The estates could not harvest the estimated crop. Due to general decline in tea prices, the prices realised were lower than the previous year. -Crop harvested continued to be poor on account of unfavourable weather conditions. 1993 -The Company extended Katary factory and commissioned CTC manufacturing facility. -1,80,000-5% Pref. shares redeemed. 1994 -Though in the initial stages, the prices for Orthodox teas were very poor, the Company could combat the situation by trying up supplies for export. -The High Couirt of Chennai gave its approval for amalgamation of the subsidiary viz., Neelamalai Investments Ltd., with the Company. A. V. Thomas Industrial Products Ltd., is a subsidiary of the Company. 2000 -The Company has bought back 92,650 equity shares at a price of Rs.65 per share from the existing equity shareholders of the company. 2008 -The Company has recommended a Dividend of 100% for the year. 2009 -The Company has recommended a Dividend of Rs 10/- Per Share for the year. 2010 -The Company has recommended a Dividend of Rs. 10/- per Share for the year. 2011 -The Company has recommended a dividend of Rs. 15/- per share for the year. 2012 -The Company has recommended a Final Dividend of Rs. 10/- per share (100%) on the equity share capital of the Company for the year 2011-2012 in addition to the Special Interim Dividend at Rs. 100/- (1000%) already paid. 2013 -Neelamalai Agro Industries Ltd has recommended a final dividend of Rs. 20/- per share (200%) on the equity share capital of the Company 2014 -Neelamalai Agro Industries Ltd has recommended a dividend of Rs. 40/- per share (400%) on the equity share capital