YEAR EVENTS 1986 - The Company was incorporated on 21st November, and the Certificate of Commencement of Business was obtained on 9th January. It was promoted by C.N. Balu. - The Company established a modern continuous process edible oil refinery with an installed capacity of 100 tonnes per day at Mantralayam, Kurnool District, Andhra Pradesh. - An agreement was entered into with ITC Ltd., for providing technical and marketing consultancy services to the Company. 1988 - 7 No. equity shares subscribed for by the signatories to Memorandum. 10,00,000 No. equity shares issued at par to promoters, their associates, etc., as on 15th May. 1989 - The Company embarked upon an expansion programme which envisaged setting up of facilities for backward integration including a solvent extraction plant with an installed capacity of 300 tonnes per day and installation of additional facilities for dewaxing of sunflower oil to raise the installed capacity from 70 tonnes to 100 tonnes per day. Additional dewaxing facilities were installed during November 1990. 1990 - The Company entered into a technical collaboration agreement with Pacific Seeds of Australia, a division of Continental Grain Pvt. Ltd., for the manufacture of hybrid seeds. - The Company developed sunflower `Hybrid Seed' in concest with Pacific Seeds, Australia. - 50,00,000 No. of equity shares issued at par of which 14,00,000 shares reserved and allotted to promoters, directors, etc. Out of the remaining 36,00,000 shares, 15,50,000 shares reserved and allotted on preferential basis as follows: (i) 2,50,000 shares to employees (including working directors)/workers of the company and (ii) 13,00,000 shares to Commonwealth Development Corporation U.K. The balance of 20,50,000 shares offered for public subscription during March 1991. Additional 7,50,000 shares allotted to retain oversubscription in the following manner: (i) 2,10,000 shares to promoters, etc. (ii) 37,500 shares to employees and (iii) 5,02,500 shares to Indian public. 1991 - With the Equity shares during March, the Company issued 9,00,000 -14% secured redemable non-convertible debentures of Rs 100 each. One detachable equity warrant was attached with each debenture entitling the holder thereof to exchange the warrant for one equity share of Rs 10 at the end of 12 months from the date of allotment of debentures on surrender of the warrant along with the payment of Rs 10 per shares. - The non-convertible debentures would be redeemed in full at premium of 5% in 3 equal instalments of Rs 30, Rs 35 and Rs 35 at the end of the 7th, 8th and 9th year from the date of allotment respectively. Additional 1,00,000 debentures were allotted to retain oversubscription. - The main objects of the public issue of equity shares and debentures during March were to finance partly the expansion project, to meet the long term requirements of working capital and to get the securities of the Company listed on the Stock Exchanges. 1992 - The product range of edible oils marketed through ITC Ltd., included `ITC Sundrop', `ITC-Crystal', `ITC-Real Gold' and `ITC-Sudham'. - During December 1992-January 1993, the Company issued 38,92,507 Rights equity share of Rs 10 each for cash at a premium of Rs 90 per share as Rights basis in the proportion 1:2 (all were taken up). - Another 94,625 shares at a premium of Rs 90 per share were offered to the employees' on an equitable basis (only 91,750 shares taken-up). 1,00,000 No. of equity shares of Rs 10 each were offered at a premium of Rs 90 per share to financial institution on preferential basis (all were taken up). 1995 - The Company suffered loss for the fourth time, due to the poor capacity utilisation at the Mantralayam complex because of the inadequate availability of raw material. SUNDROP, continues to be the largest selling sunflower oil in the branded retail segment. 1996 -ITC Agro has launched Sundrop Canola a 94 per cent saturated fat-free cooking oil under its Sundrop brand. 1997 -Received the nod from the Foreign Investment Promotion Board for its proposal to give US-based foods company ConAgra a majority stake in the company. -Board approves the ITC Agro-Tech and ConAgra tie-up and cleared the decks for the US partner to formally take charge of the edible oil businesses. 1998 -Joint venture between ConAgra Inc USA and Tiger Oats ltd South Africa has completely disengaged itself from financial services businesses. -ITC Agro-Tech's performance in 1997-98 was hampered by lower seed availability leading to under utilisation of its capacity -Notified the Calcutta Stock Exchange that it has received a demand notice of Rs 9.06 crore from the commercial tax authorities of the state of Andhra Pradesh. 2000 - The shareholders of ITC Agro-Tech have unanimously approved the change of company name to Agro Tech Foods Limited. - The Company signed the deed of assignment for "acquisition of the Rath brand" on 1st June. 2001 -Subsidiary of ConAgra Inc of USA, has transferred all its 120 permanent employees working at the ITC's integrated oil processing unit at Mantralayam in Andhra Pradesh following suspension of operations at the plant 2002 -Mr Thomas Manuel and Mr Hamish McBain have resigned from the Board of Directors of the Company from the close of business hours of March 25, 2002. Their Alternate Directors Mr Ajay Bahl and Mr Raman Sharma have vacated office w e f the close of business hours of March 25, 2002. -In the casual vacancy caused by resignation of Mr Thomas Manuel and Mr Hamish McBain the Board has appointed Mr Howard G Buffett and Lt Gen D B Singh as Directors of the Company. -Board has appointed two independent non-executive directors to its nine member board and have been inducted into their new audit committee. 2003 -Mr. Benedicto C Sison was appointed as Alternate Director for Mr. R V Smither for the Board Meeting held on May 08, 2003. -Board approves of Voluntary De-listing of equity shares from the Hyderabad and Kolkata Stock Exchanges -Mr. Larry A Carter has resigned as Director & Chairman from the Board of Directors of the Company and in his place Mr. Ian F Troop has been appointed as Director & Chairman of the Company w.e.f. June 24, 2003. - Mr. Michael John Sullivan has resigned as Director w.e.f. June 23, 2003. -AFTL tie up with Apollo Hospitals for health awareness campaign. -Received intimation from CDC Group Plc in respect of sale of 549312 (2.25%) equity shares. -ConAgra Food Integrated company moves its indian subsidary part Agro Tech Foods Ltd (AFTL) to ConAgra Foods Retail Products Company -Enters into ready-to-eat-food segment by launching corn chips and potato puffs in Pune -Enters into a marketing tie-up with Reliance India Mobile offering a special scheme for the consumers of its Sundrop oil 2005 -Agro Tech ties up with Narayana Hrudayala to save hearts 2006 -Agro Tech ties up with SACH (Save A Child's Heart), an NGO promoted by the Apollo Hospitals group. 2007 -Agro Tech Foods Limited has appointed Mr Sachin Gopal as Chief Operating Officer with effect from 2nd April, 2007. -Agro Tech Foods Limited has informed that "Mr. S Ramaswamy, Company Secretary is being relieved from the services of the Company with effect from the closing hours of 15th October, 2007. Mr. K Subharaman assumes office as Company Secretary from the opening hours of 16th October, 2007". -Agro Tech Foods Limited has informed that "Mr. Hemant Kumar Ruia has been appointed as Chief Financial Officer in our Company with effect from 10th December, 2007. 2008 -Agro Tech Foods has appointed Mr. Phani K Mangipudi as Acting Company Secretary and Compliance Officer effective January 11, 2008 approved by the Board of Directors at their meeting held on January 23, 2008. -Agro Tech Foods Ltd has has appointed Mr. Greg Estep and Mr. Alejandro Castro as Directors of the Company. 2009 - Agro Tech Foods Ltd has informed BSE that at the meeting of the Board of Directors of the Company held on January 21, 2009, Mr. Satish Tandon has been inducted into the Board as an Additional Non-Executive Independent Director. 2011 -Appointment of Mr. Narendra Ambwani as an Additional Director, to be a Non- Executive Independent Director of the Company 2012 -Agro Tech Foods have recommended declaration of Rs. 1.75/- as Dividend per share -Change of the Registrar & Share Transfer Agents of the Company from M/s. Sathguru Management Consultants Pvt. Ltd. to M/s. Karvy Computershare Pvt. Ltd 2013 - Agro Tech Foods Ltd. - Board approves Buy-Back of Equity Shares 2014 -AgroTech Foods open first peanut butter making facility in India -AgroTech Foods sets up new manufacturing facility in Gujarat -ATFL's CSR Programme, Poshan bagged the following four awards at the SABRE Awards (Asia Pacific Region), 2014. -SABRE award for influencing key stakeholders -SABRE award for best CSR -SABRE Gold for industry category - Food and Beverage -SABRE Platinum for Best of the Best - PR program of the year in the whole of South Asia 2016 -Agro Tech Foods Ltd completed purchase of land in Howrah (West Bengal) to an extent of 5.15 Bigha (apprx.1.7 acres) costing Rs. 3.01 crores for expanding its manufacturing footprint in the eastern part of the country. 2021 -Agro Tech Foods Ltd has Purchase Of Land At Kothur Telangana 2024 -Agro Tech Foods Limited Transforms into Sundrop Brands with the Acquisition of Del Monte Foods Private Limited.