Hindustan Foods Ltd Company History

The company was incorporated on 31st December and obtained a Certificate of Commencement of Business on 24.08.1987. It was promoted by Marmagoa Shipping and Stevedoring Co. Pvt. Ltd., Goa Glindia Ltd., along with its subsidiaries participated to the

extent of 20% of the equity capital of the Company.

During November-December, the Company issued 1,80,000-14% convertible debentures of Rs 150 each for cash at par of which the following debentures were reserved for allotment on a

preferential basis. (i) 9,000 debentures to employees/workers and 72,000 debentures to NRI's. The remaining 99,000 debentures along with 44,360 debentures not taken up under preferential

quota was offered for public subscription. The unsubscribed portion of 1,24,710 debentures devolved on underwriters.

The convertible portion of Rs 50 of the face value of each debentures was to be converted into 5 equity shares of Rs 10 each at the expiry of 3 months from the date of allotment of

debentures. Accordingly, 9,00,000 No. of equity shares were allotted on part conversion of debentures during 1998-99. The non-convertible portion of Rs 100 of each debenture was to be

redeemed at par on the expiry of 7 years from the date of allotment of debentures.

(18 months), The company launched two cereal based food products Bonny Mix and Jak-N-Jul Merin Rings. The Company entered into a marketing arrangement with G I India Ltd., whereby G I India would buy products manufactured by the company to the extent of 60% of the company's capacity and sell the products under its own brand name. In addition it was also to provide technical assistance for development of new products and for product improvement.

7 No. of equity shares allotted for cash at par. 11,00,000 No. of Equity share then issued at par off which the following shares were reserved and allotted: (i) 4,00,000 shares to Marmagoa

Shipping and Stevedoring Co. Ptv. Ltd. (MSSC) Goa; (ii) 2,00,000 shares to Glindia Ltd., (ii) 2,00,000 shares to subsidiaries of Glindia Ltd. (66,700 shares each to Samgir Investments Ltd. and Samgir Investments Ltd. and Sesame Investments Ltd. and 66,600 shares to Kargi Investments Ltd.) Of the remaining 3,00,000 shares, 55,000 shares were reserved for allotment on a preferential basis to employees/workers (only 400 shares taken up). The Balance 2,45,000 shares along with 54,600 shares not taken up by employees were offered for public subscription during November-December, 1987. 9,00,000 No. of equity shares were

allotted during 1988-99 as part conversion of debentures.

A chocolate variant of Bonny Mix was introduced in the market in October.

A new product ROZANA (Texturised Vegetable Protein) was introduced in the North and North Eastern region and was well received and it was proposed to introduce the product in the

national market. During the year a new product farex rice cereal was introduced.

The company launched Bonny Meal Fruit & Bonny Meal Rice in the market.

Company has allotted 29,99,993 Equity Shares of face value of Rs 10 each amounting to Rs 2,99,99,930 to M/s V S Dempo & Co Pvt Ltd (Promoter Company) on Private Placement basis by conversion of their part of the Secured Loan amounting to Rs 2,99,99,930 into Equity Shares.

Hindustan Foods Ltd, engaged in food processing activities a a Manufacturing and Supply Agreement with Mankind Pharma Ltd. to manufacture its product under brand name "Tomilac Powder".

Hind. Food - Manufacturing and Supply Agreement with Himalaya Drug Company, Makali, Bangalore.

Mr. Soiru V. Dempo has been appointed as a Additional Director of the Company.

Company’s manufacturing facility located at Usgaon, Ponda, Goa, has been extended now, and hence the Company will continue to produce.

Hind. Food - Launching of C’nergy" breakfast cereal

Pepsico extends manufacturing contract with Hindustan Foods

Hindustan Foods starts production at Jammu facility.

Commenced Production at the comibatore plant for blending and packaging Tea & Coffee.

Commenced the production of Liquid Detergent in Hyderabad.

Commenced merger of malted beverages packing unit in coimbatore for GSKCH and ATC Beverages Pvt. Ltd. into HFL.

Built a plant to manufacture Disinfectant Toilet Cleaning liquid in Silvassa for Reckitt.

Acquired Aerocare Personal Products LLP.

Started Production of Floor & Surface Cleaner at Silvasa plant.

"Hindustan Foods Limited expands its presence into contract manufacturing of Sports Shoes with another acquisition".