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History of Rasoi Ltd.

YEAR EVENTS 1905 - The Comp. was incorporated on 3rd February, under the name of 'The Doyapore Tea Co.Ltd.' The main object of Comp. is to manufacture Vanaspati Soap & Tin containers, & various refined oil.

1967 - After incorporation, the Comp. acquired one tea estate named Doyapore tea estate. The assets of Majagram Tea Co. limited [mainly consisting of tea estate in Cachars], then belonging to the Lord Inchcape Group of Companies, were acquired.

1972 - The vanaspati plant consisting of vanaspati, refined oil, soap & container plant belonging to Hindustan Development Corporation Ltd., situated at Calcutta was acquired in October.

1973 - In May, the Comp. acquired a super enamelled copper wire plant named Chandra Electrical Industries situated in Delhi.

1974 - From 5th October, the name of Comp. was changed to 'Rasoi Vanaspati and Industries Ltd.'

- The Comp. purchased in September 1974 from a partnership firm of Delhi, a vanaspati plant with a capacity of 10 tonnes per day named Haryana Vanaspati and General Mills situated at Kundli in the district Sonepet of Haryana State.

- A merchant export division was also started by Comp. to export traditional & non-traditional items & to import vegetable oils.

1976 - Till the end of year, 1,593 shares issued without payment in cash & 1,600 bonus shares issued by capitalisation of reserves.

1978 - Shares subdivided in May 1978. 3,00,000 shares offered to the public at par during June.

1980 - The Comp. set up a captive oxygen plant in its Calcutta Plant. On Acc. of lower yield & lower profitability, the Company sold its tea estates on 1st January, 1989.

- 3,00,000 Right equity shares issued at a premium of Rs 2.50 per share in the prop. 3:5 in 1980.

1982 - The name of Comp. was changed from Rasoi Vanaspati and Industries Ltd., to the present Rasoi Ltd w.e.f. 1st January.

1985 - 4,00,000 bonus shares issued in prop. 1:2.

1992 - The Comp. encountered difficulties on Acc. of competition from refined oil units which are exempt from excise duty, and from the new vanaspati units which are entitled to sales tax exemption, etc. Government did not allow the usage of expeller mustard oil in the manufacture of Vanaspati which further restricted the availability of raw edible oils to the industry as a whole.

1993 - During the year, the Comp. launched 500 gms. & 200 gms. Pouch-pack vanaspati & also 15 kgs. vanaspati pack in high density polyethylene jars.

1995 - The Comp. introduced the concept of bag-in-box filling and accordingly 15 Kg. packs were introduced.

- 6,00,000 No. of equity shares of Rs 10 each were issued as fully paid bonus shares in the ratio of 1:2 to the existing shareholders.

1996 - Production were adversely affected due to severe labour trouble which led to lock-out at the factory.