pocketful logo
Golden Tobacco Ltd logo

Golden Tobacco Ltd

NSE: GOLDENTOBC BSE: 500151

₹29.84

(2.90%)

Tue, 03 Mar 2026, 00:24 pm

mtf coin illustrationMTF 5x

Company History

1967

  • 40,000 'A' equity shares of Rs.100 each and 1,00,000 N-C Participating preference shares of Rs.100 each were issued as bonus shares in March.

1969

  • 12,00,000 'B' equity shares of Rs.10 each were issued as bonus shares in March.

1971

  • The Company was Incorporated on 15th March.
  • The Company's object is to manufacture cigarettes, chemicals, paper and high wet modulus fibre and to carry on real estate business.
  • The company was originally started as a proprietary concern in 1930 and was made a partnership firm in 1951.

1972

  • 17,000 No. of equity shares of Rs.10 each were issued for cash to promoters.
  • 3,000 No. of equity shares of Rs.10 each were issued as fully paid up without payment in cash to promoters.
  • 7,00,000 bonus shares were issued in the proportion 1:4 in January.

1973

  • The Company signed collaboration agreements with Assam Industrial Development Corporation Ltd., on 9th April and with Jammu and Kashmir state Industrial Development Corporation on 6th August.
  • A similar agreement was finalised with Madhya Pradesh Audyogik Vikas Nigam Ltd.

1979

  • GTC Investment and Finance Ltd., Panama Investment and Finance Ltd., Rajnigandha Investment And Finance Ltd., and Olive Investment & Finance Ltd., were incorporated as subsidiaries of the Company on 23rd May.

1980

  • The Company subscribed to 5,998 No. of equity shares of Rs.10 each out of 6,000 No. of equity shares issued by Golden Investment (Sikkim) Pvt. Ltd.
  • The company revalued its land and buildings and plant and machinery as on 30th June.
  • The surplus of Rs.11,49,87,421 arising out of this was credited to capital reserves.

1981

  • Manufacturing arrangements were made with Sri Chandra Tobacco Co. Ltd., Assam.

1982

  • The Company issued debentures of Rs.3 crores to meet the long-term working capital requirements.

1984

  • The Company entered into new arrangements with Paramount Cigarettes Ltd., and Galaxy Tobacco Pvt. Ltd.
  • The name of the Company was changed from Golden Tobacco Co. Ltd., to GTC Industries Ltd. with effect from 20th August.

1986

  • The Company entered into manufacturing arrangements with Patliputra Tobacco Co. Pvt. Ltd., Cossipore in Calcutta, Chinar Cigarettes Pvt. Ltd., Bharatpur in Rajasthan and TamilNadu Tobacco Co. Ltd., Salem in Tamil Nadu.
  • The implementation of the cigarette tissue project at Chiplun, Maharashtra was delayed.
  • Commercial production of wrapping and packing paper at Roha plant reached satisfactory level of performance.
  • The main reasons for the poor results were natural calamities in North India and West Bengal and the introduction of a new excise duty based on length of cigarettes.
  • The Company undertook to promote a resorts project in Goa on property time share basis.
  • A surplus of Rs.6.49 crores arising out of revaluation of land and building as on 30th June.

1987

  • The Company pursued the implementation of the cigarettes tissue paper project in Chiplun, Maharashtra.
  • The company undertook other export activities.
  • The company proposed to shelve the speciality paper project at Thailand for the time being.
  • Gujarat Heavy Chemicals Ltd., a company promoted by the Company, went public.

1988

  • A new brand of cigarette, named 'Burton', was introduced in the market.
  • The project made steady progress and the first units were ready since October.
  • Rs.24.80 crores arising out of revaluation of fixed assets as on 30th June, were transferred to capital reserves.

1989

  • The Company launched Panama Regular and GGF Virginia in the 59mm segment.
  • The Company launched 'MS Special Filter' a unique cigarette made exclusively for women.
  • The company entered the exports market for agro-based products.
  • The company issued 8,00,000 - 14% secured redeemable non-convertible debentures of Rs.100 each on rights basis to the equity shareholders.

1990

  • The Company launched 'Legend', a low tar low nicotine cigarette.
  • The Company entered into a manufacturing agreement with Universal Tobacco Co. Ltd., Hyderabad.
  • The company also entered into an agreement with Sikkim Tobacco Pvt. Ltd.
  • Manufacturing agreements were also entered into with J & K Cigarettes Ltd., Suvarna Filter & Tobacco Products Pvt. Ltd., and Geekay Tobacco Products Pvt. Ltd.
  • The Company offered 8,00,000-14% secured redeemable non-convertible debentures of Rs.100 each on Rights basis.

1993

  • 50,00,000 Right equity shares issued at a premium of Rs.90 in the proportion 1:1.
  • 5,500 shares allotted at a premium of Rs.90 to Employees.

1994

  • The Company entered into licensing agreement with Rothmans of Pall Mall (International) Ltd.
  • The company promoted a separate 100% subsidiary company under the name 'GTC Exports, Ltd'.
  • The Company co-promoted DSS Mobile Communication Ltd.
  • 60,03,301 bonus equity shares issued in the proportion 3:5.

1995

  • 19,135 bonus equity shares allotted previously kept in abeyance.
  • Performance was affected due to high cost of finance, inputs and services.
  • The company had to absorb the impact of Dealers claims for luxury tax in sale of cigarettes in some states.
  • The Company proposes to file reference to BIFR in accordance with the statutory provisions as the entire net worth have been eroded due to losses.

1996

  • Shri S.K.Mukherji, Shri Naresh Chandra, Shri Gautam Divan, Shri S.K.Ruia, Shri T.M. Gopalaswamy and Shri Harish Khaitan have resigned as Directors of the Company.
  • Shri R.S. Jalan, Shri N.V.Joshi, Shri Viney Mehra and Shri Ved Berry were appointed as Whole time Directors of the Company with effect from 1st October.
  • GTC Investment & Finance Limited, Panama Investment & Finance Limited, Olive Investment & Finance Limited, Rajnigandha Investment & Finance Limited, Golden Investment (Sikkim) Private Limited, GTC Global Limited are the subsidiary of the company.

2000

  • The Company has entered into agreement with CDSL & NSDL for dematerialisation of shares.

2003

  • V N Joshi resigned as Director.
  • A K Joshi was appointed as Whole time Director.

2005

  • Delist equity shares from Vadodara Stock Exchange Ltd (VSE).

2007

  • Shri. Sanjay Dalmia & Shri. Anurag Dalmia have been appointed as Additional Directors on the Board of the Company w.e.f. August 30, 2007.

2008

  • Gtc Industries Ltd has appointed Shri Rishabh Jain as an Additional Director on the Board of the Company.
  • The Annual General Meeting held on July 14, 2008 approved the change of name of the Company from 'GTC Industries Ltd' to 'Golden Tobacco Ltd'.

2011

  • Registered Office of the Company has been shifted From Tobacco House, S. V. Road, Vile Parle (West), Mumbai- 400 056 To Darjipura, Post - Amaliya, Vadodara-390022, Gujarat.

2012

  • The company appointed Shri A. K. Joshi as Acting Managing Director of the Company.

2013

  • The company appointed Shri Jaskam S. Khuran and Shri Ved Berry as Additional Director.

Open Your Free Demat Account Now!

Step into a world of zero fees and limitless opportunities!

pocketful logo

2022-25 Pocketful. All rights reserved, Built with in India

Version -5.76

app image 1app image 2

Stocks:

AllABCDEFGHIJKLMNOPQRSTUVWXYZ

Explore

Calculatorsfooter arrow down icon
Popular Calculatorsfooter arrow down icon
Group Stocksfooter arrow down icon

Others:

NSEBSECDSLNSDLSEBIMCXMSEINCDEXNSE IFSCINDIA INXAccount Closure FormDP Investor CharterBroker Investor Charter

Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800