YEAR EVENTS 1977 - The Company was incorporated on 31st May in the state of Assam with a view to use it as a vehicle for Indianisation of "The Sterling Companies" all of which were incorporated in the U.K. The certificate for commencement of Business was obtained on 30th June. The Companies main objects is Cultivation of tea plantations, manufacture of machinery for processing tea and to carry on the business as warehousemen, shippers and exporters. - The Sterling Companies have in aggregate 12 tea estates with a total planted area under tea admeasuring about 6,078 hectares & situated in the Dibrugarh district of Assam except Thowra Estate owned by "The Dekhari Tea Co Ltd" which is situated in the Sibsagar district of Assam. - The Eastern Assam Tea Co. Ltd., served as the nucleus around which the other Sterling Companies were established to open up additional plantations in the Doom Dooma, Borahapjan, Hoogrijan, Rajmai and Chabua areas. - Warren Plantation Holdings Ltd. is a diversified U.K. plantation group with overseas interests in tea, coffee, rubber, palm oil and live-stock operating in India, Kenya, Nigeria, Papua New Guinea and Indonesia. - Warren Tea Holdings Ltd. is a wholly-owned subsidiary of Warren Plantation Holdings Ltd., and was owing 100% of the equity and preference capital of the Sterling Companies that were being merged with the Company except in Zaloni. - The Company acquired the Indian undertakings of the Sterling Companies as going concerns with their assets and liabilities as at the close of business on 31st October, pursuant to eleven Schemes of Arrangement for amalgamation approved by the High Courts at Gauhati and Calcutta. 1978 - The main object of the public issue of capital during August, was to achieve the Indianisation of the Company. The net proceeds of the issue were utilised from the general business operations of the Company. - 13 shares subscribed for by the signatories to the Memorandum of Association and allotted to a director, all being resident Indian nationals and 37 shares subscribed for cash by Warren Tea Holdings Ltd., U.K. 23,87,661 shares to Warren Tea Holdings Ltd. U.K. and its nominees and 17,339 shares (6,500 shares to Non-residents and 10,839 shares to resident Indian nationals) to shareholders of Laloni Tea Estates Ltd. were allotted without payment in cash. 8,45,000 shares were then issued at par. Out of which 65,000 shares to public financial institutions and 60,000 shares to employees of the Company (including Indian directors) and business associates were reserved for firm allotment. 7,20,000 shares offered for public subscription during August 1979. 1985 - The fixed assets of the Company were revalued as on 1st April, and the surplus of Rs 3,594.48 lakhs arising out of this was credited to revaluation reserve. - 6,50,010 bonus shares issued in prop. 1:5. 1990 - 39,00,060 bonus shares issued in prop. 1:1. 1991 - The Company undertook to modernise its assets. 1992 - The Company further acquired 20,60,000 shares in Vegepro Foods and Feeds Ltd., under the terms of a rights issue. This brings the total holding of the Company in Vegepro Foods & Feeds, Ltd. to 41,20,000 No. of equity shares of Rs 10 each acquired at the rate of Rs 12/- per share. 1993 - 9,00,000 new equity shares of Rs 10 each at a premium of Rs 100 per share were allotted on preferential basis. 1997 - 20,00,000 No. of equity shares of Rs 10 each allotted to the shareholders of WMIL in the prop. 1:2 as per the scheme of arrangement for amalgamation with the Company. 1998 - As at 31st March, 57,30,386 shares of the Company were held by Warren Tea Holdings Plc., U.K. - Warren Tea Ltd, a Vinay K Goenka group company, has recorded an increase in pretax and post tax profits for the six-month period ended September 30. - The company has also recorded a higher turnover during the period largely on account of higher sales and higher price realisation. The company, however, recorded a lower production at 106.84 lakh kg in the six-month period April-September 1998. The total income for the current period April-September 1998 was higher. 1999 - Warren Tea Ltd has recommended a final divident of 40 per cent on the paid-up equity making the overall dividend payable at 80 per cent for the year ended March 31, 1999. - The crop is likely to suffer further shortfalls due to adverse weather conditions prevailing in Assam. - The good teas have been attracting good prices, the medium and average teas have seen a significant decline in the auction prices. 2002 -Warren Tea Ltd has informed that Mr H Singh has resigned as a Director and Whole-Time Director of the Company w e f March 13, 2002. 2008 -Warren Tea Ltd has designated email ID of the grievance redressal division of the Company, exclusively for the purpose of registering complaints by investors is investors@warrentea.com. 2012 -The Company have approved the appointments of Messrs B. M. Chatrath & Co., and Messrs Singhi & Co., as Joint Statutory Auditors. 2013 -Warren Tea has given the Bonus in the Ratio of 7:102025-Warren Tea Limited Board approves the Scheme of Arrangement for the proposed amalgamation of the Company with Maple Hotels & Resorts Limited