Incorporated in 1967, Foods and Inns Limited (FIL) is engaged in the business of processing and marketing food pulps, concentrates and spray dried fruit and vegetable powders both into domestic and international markets. Its manufacturing facilities are located in Bombay and Nashik.
FIL's export-oriented processed food and vegetable unit located in Nashik went on stream in Nov.'94. In 1994-95, FIL commenced commercial production of its project for frozen mango pulp and vegetables. Dravya Finance and Asim Exports International are 100% subsidiaries of FIL. It is the first company in India to export egg powder and has obtained repeat orders for the same. It has developed a new product for a soft-drink company. It has also exported lychees, a seasonal fruit.
The company exports its products in industrial and consumer packs to the UK, Kuwait, Saudi Arabia, Yemen, Japan, Germany and West Asia. During the year, the company sold its poultry division to Bhairavnath Poultry Farm Pvt Ltd, to concentrate on its core business of food processing.
In 1998-99, it made a preferential allotment of 1,75,820 equity shares of Rs. 10/- each at a premium of Rs. 50/- per share to a non-residential director of the company.
Company installed a-new Aseptic Line at Bulsar. Similarly a new Fruit Processing & Pulping line got commissioned during the season at Chittoor in 2003-04.
In 2018-19, the Scheme of Arrangement for amalgamation of Finns Frozen Foods (India) Limited, the Wholly Owned ... Subsidiary Company with the Company became effective from March 1, 2019. As a result, Finns Frozen Foods India Limited ceased to be the subsidiary of the Company w.e.f March 1, 2019 i.e. the effective date of amalgamation. Similarly, the Company sold 100% shares of Pharmpak Private Limited and it ceased to be the subsidiary of Company effective March 30, 2019.
The Company had acquired M/s Kusum Spices w.e.f. October 2, 2019 having 99.99 % of the rights of the partnership firm.
During the year 2021-22, Company had acquired 49% of equity shares of Tri Global Foods Private Limited w.e.f April 1, 2021 resulting Tri Global Foods Private Limited as its ssociate Company. Similarly, the Company formed a joint venture with dated April 13, 2021 with D Technology Private Limited and and Mr. Krishna Gupta which has resulted into an incorporation of new Company Beyond Mango Private Limited on July 9, 2021 making Beyond Mango Private Limited as Foods and Inns Limited's Associate Company (Joint Venture).
In March 2023. the Company commissioned Tetra Recart facility. In FY 2024, it inaugurated Pectin JV facility at Chittoor and expanded the tomato processing capacity.
The Company ventured Into new international markets, including Finland, Canada, Hong Kong, and the Gulf region through expansion in FY 2024-25.
FAQs on Foods & Inns Ltd
1. Can I buy Foods & Inns Ltd from PL Capital? ›
Yes, you can invest in Foods & Inns Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Foods & Inns Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Foods & Inns Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Foods & Inns Ltd pay dividends? ›
Yes, Foods & Inns Ltd has a consistent history of rewarding its shareholders through dividend payouts. Dividend frequency and amounts vary depending on the company’s financial performance and board approvals. Investors holding Foods & Inns Ltd shares on the record date announced by the company are eligible to receive dividends directly into their bank accounts linked with their Demat holdings.
3. What is the current share price of Foods & Inns Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Foods & Inns Ltd. is ₹ 60.05 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Foods & Inns Ltd ? ›
The 52-week high and low of Foods & Inns Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
