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Asian Tea & Exports Ltd logo

Asian Tea & Exports Ltd

NSE: BSE: 519532

₹10.70

(-3.60%)

Thu, 23 Apr 2026, 04:08 pm

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Company History

1987

  • Asian Tea & Exports Ltd. was incorporated in the name of Sita Plantations Private Limited.

1993

  • The company's plantation area was increased to 100 hectares from 35 hectares.
  • The company maintained nurseries for raising leaf cuttings through clonal planting and shade trees of different varieties.

1994

  • The company was converted into a public limited company.
  • The name of the company was changed to Asian Tea and Exports Limited.
  • The company entered into a Deed of agreement for acquiring 204 hectares.
  • The company undertook to set up a processing unit for manufacture of 11 lakhs kgs. of made tea per annum.

1995

  • The company issued 17,00,000 No. of Equity shares for cash at par to promoters.
  • The company issued 53,20,000 No. of equity shares of Rs 10 each through a Prospectus.
  • The company allotted shares to promoters, associates, friends and relatives, 20th Century Mutual Fund, and Ind. Mutual Funds.

2003

  • The company received the Niryat Shree gold trophy for its tea exports in the fiscal 2001-02 from Ministry of Commerce Government of India.

2005

  • The company split its equity shares of Rs 10/- each into equity shares of Rs 1/- each.

2009

  • The company signed a contract for export of tea worth 16 Million US Dollar from an overseas buyer.
  • The company was recognized as a Government of India recognized Export House with business turnover in excess of Rs 100 crores.

2011

  • The company entered into an agreement for acquisition of a wind mill power generation unit of 0.6MW capacity at a price consideration of approx. Rs. 2.25 crores.

2012

  • The company acquired 50.16% shares of Asian Tea Company Private Limited at a price consideration of approx. Rs. 1.12 crores.

2014

  • The company acquired 63.37% shares of Indong Tea Company Private Limited at a price consideration of approx. Rs. 1.80 crores.

2021

  • The company issued rights shares of Rs. 10 in the ratio of 1:1 at a premium of Rs. 5 per share.

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