Sundrop Brands Ltd
NSE: SUNDROP BSE: 500215
₹612.10
-13.45 (2.15%)
Wed, 28 Oct 2026, 10:00 pm
Market Cap (in Cr)2299.51
PE Ratio82.56
Dividend0
Process Industries
Agricultural Commodities/Milling
24.5KSundrop Brands Ltd Company History
1986
- The company was incorporated on 21st November, and the Certificate of Commencement of Business was obtained on 9th January.
- The company established a modern continuous process edible oil refinery at Mantralayam, Kurnool District, Andhra Pradesh.
- The company entered into an agreement with ITC Ltd. for technical and marketing consultancy services.
1988
- 7 No. equity shares were subscribed for by the signatories to the Memorandum.
- 10,00,000 No. equity shares were issued at par to promoters and their associates.
1989
- The company embarked on an expansion programme, including setting up a solvent extraction plant and additional dewaxing facilities.
1990
- The company entered into a technical collaboration agreement with Pacific Seeds of Australia.
- The company developed sunflower Hybrid Seed in concert with Pacific Seeds.
- The company issued equity shares at par, with some shares reserved and allotted to promoters, directors, and employees.
1991
- The company issued equity shares and 14% secured redeemable non-convertible debentures.
- The debentures would be redeemed in full at a premium in three equal instalments.
- The main objects of the public issue were to finance the expansion project and meet long-term working capital requirements.
1992
- The company's product range included ITC Sundrop, ITC-Crystal, ITC-Real Gold, and ITC-Sudham.
- The company issued Rights equity shares for cash at a premium.
- Additional shares were offered to employees and financial institutions.
1995
- The company suffered a loss due to poor capacity utilisation at the Mantralayam complex.
1996
- ITC Agro launched Sundrop Canola, a 94 per cent saturated fat-free cooking oil.
1997
- The company received the nod from the Foreign Investment Promotion Board for its proposal to give ConAgra a majority stake.
- The Board approved the ITC Agro-Tech and ConAgra tie-up.
1998
- The joint venture between ConAgra Inc and Tiger Oats Ltd disengaged itself from financial services businesses.
- ITC Agro-Tech's performance was hampered by lower seed availability.
- The company notified the Calcutta Stock Exchange that it had received a demand notice from the commercial tax authorities of Andhra Pradesh.
2000
- The shareholders unanimously approved the change of company name to Agro Tech Foods Limited.
- The company signed the deed of assignment for the acquisition of the Rath brand.
2001
- ConAgra Inc's subsidiary transferred all its permanent employees working at the ITC's integrated oil processing unit at Mantralayam in Andhra Pradesh.
2002
- Mr. Thomas Manuel and Mr. Hamish McBain resigned from the Board of Directors.
- Mr. Howard G Buffett and Lt Gen D B Singh were appointed as Directors of the Company.
- Two independent non-executive directors were appointed to the Board.
2003
- Mr. Benedicto C Sison was appointed as Alternate Director for Mr. R V Smither.
- The Board approved the voluntary de-listing of equity shares from the Hyderabad and Kolkata Stock Exchanges.
- Mr. Larry A Carter resigned as Director and Chairman, and Mr. Ian F Troop was appointed as Director and Chairman.
- Mr. Michael John Sullivan resigned as Director.
- AFTL tied up with Apollo Hospitals for a health awareness campaign.
- The company received intimation from CDC Group Plc regarding the sale of equity shares.
- ConAgra Food Integrated company moved its Indian subsidiary, Agro Tech Foods Ltd, to ConAgra Foods Retail Products Company.
- The company entered the ready-to-eat food segment by launching corn chips and potato puffs in Pune.
- The company entered into a marketing tie-up with Reliance India Mobile.
2005
- Agro Tech tied up with Narayana Hrudayalaya to save hearts.
2006
- Agro Tech tied up with SACH, an NGO promoted by the Apollo Hospitals group.
2007
- Mr. Sachin Gopal was appointed as Chief Operating Officer.
- Mr. S Ramaswamy was relieved from the services of the Company as Company Secretary, and Mr. K Subharaman assumed office as Company Secretary.
- Mr. Hemant Kumar Ruia was appointed as Chief Financial Officer.
2008
- Mr. Phani K Mangipudi was appointed as Acting Company Secretary and Compliance Officer.
- Mr. Greg Estep and Mr. Alejandro Castro were appointed as Directors of the Company.
2009
- Mr. Satish Tandon was inducted into the Board as an Additional Non-Executive Independent Director.
2011
- Mr. Narendra Ambwani was appointed as an Additional Director and Non-Executive Independent Director of the Company.
2012
- Agro Tech Foods recommended a dividend of Rs. 1.75 per share.
- The company changed its Registrar and Share Transfer Agents from M/s. Sathguru Management Consultants Pvt. Ltd. to M/s. Karvy Computershare Pvt. Ltd.
2013
- The Board of Agro Tech Foods Ltd approved the buy-back of equity shares.
2014
- AgroTech Foods opened its first peanut butter making facility in India.
- AgroTech Foods set up a new manufacturing facility in Gujarat.
- ATFL's CSR Programme, Poshan, won four awards at the SABRE Awards, including the SABRE Platinum for Best of the Best – PR program of the year in South Asia.
2016
- Agro Tech Foods Ltd completed the purchase of land in Howrah, West Bengal, for expanding its manufacturing footprint.
2021
- Agro Tech Foods Ltd purchased land at Kothur, Telangana.
2024
- Agro Tech Foods Limited transformed into Sundrop Brands with the acquisition of Del Monte Foods Private Limited.
