Kanco Tea & Industries Ltd. Company History and Annual Growth Details

Mackeypore and Lakhmijan Tea estates belonging to the B.D.Kanoria Group produce approximately 2 million kilograms of black tea every year. With a long history of experience, expertise, and our strong, sustained focus on producing quality tea, today our estates command premium prices in the market.

The gardens were acquired through a Sale Agreement signed between Assam Company Limited and The Ananda (Assam) Tea Co. Limited on 24/01/1969.

In 1970, The Ananda (Assam) Tea Co. Limited was taken over by Bengal Tea Company Limited which subsequently became Bengal Tea & Fabrics Limited.

The Maple Group of Bengal Tea & Fabrics Limited pertaining to Mackeypore Tea Estate, Lakmijan Tea Estate and Asarwa Overseas Unit was transferred to Tuscon Resources Limited on 01/04/1997 vide order of Hon'ble High Court at Calcutta dated 27/04/1998. The name of Tuscon Resources Limited was changed to Kanco Enterprises Limited vide Certificate of Incorporation dated 16 /6/1998.

The Tea Division of Kanco Enterprises Limited comprising Mackeypore Tea Estate and Lakmijan Tea Estate were transferred to Dhanvaridhi Concerns Limited on 01/04/2009 vide order of Hon'ble High Court at Calcutta dated 07/04/2010. The name of Dhanvaridhi Concerns Limited was changed to Kanco Tea & Industries Limited vide Fresh Certificate of Incorporation dated 21st of April, 2010 issued consequent to change in name of the Company.

2013

-Kanco Tea & Industries Ltd has recommended dividend of Rs. 7/- and Rs. 5/- per Preference Share of face value of Rs. 100.

-Kanco Tea & Industries Ltd Mr. Umang Kanoria has been appointed as the Additional Director of the Company.

2014

-Kanco Tea & Industries Ltd has recommended a Dividend of Rs. 7/- per Preference Share of Rs. 100/- each and Rs. 5/- per Equity Share of Rs. 10.

2017
-The Company has issued Bonus Shares in the Ratio of 2:1.

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