About
B & A Ltd
B & A Ltd was originally incorporated as Barasali Tea Company Pvt Ltd in 1915. Later renamed B&A Plantations and Industries (BAPIL), it came under the control of H P Barooah in 1968. Production in its tea gardens was 2.5 lakh kg, then. It was then converted into a limited company in 1986. Later, through mergers and acquisitions, three other tea estates - Salkathoni, Sangsua and Gatoonga - came into its fold and it now produces over 2 mln kg of tea.
The Company is engaged in cultivation, manufacture and sale of tea.. It has four prime tea gardens and exports its produce to the UK and other European countries. It came out with a rights issue of FCDs in 1993 to part-finance the modernisation of its facilities, and for the replantation programme of its tea gardens in Assam.
The company has received approval from the Guwahati High Court to take over the Lohpohia Tea Estate from Tea Beverages & Allied Industries. Kuhum Tea Company Pvt Ltd has been amalgamated with BAL. With these arrangements and amalgamations, BAL has eight tea gardens and production is expected to increase to 45 lac kg. Company has earned foreign exchange from export of Tea Rs.144 lakhs & outgo is Rs.22 lakhs for the year 1998-99.
During the year 1999-2000, the scheme of arrangement for amalgamation of two subsidiary companies i.e. B & A Investments Ltd and LIPAB Investments Ltd., was approved by the respective shareholders of the three companies.
BAPIL Investments Ltd., which was 100% subsidiary of the Company and other two Companies i.e. Jorhat Investments Ltd., and Marina Towers Pvt. Ltd., were merged with the Company through the Scheme of Arrangement during 2001-02. Before amalgamation of BAPIL Investments Ltd., and Jorhat Investments Ltd., with B&A Ltd., its shareholding in B&A Muitiwail Packaging Ltd., was 49.09%. However, on amalgamation of the two Companies, B&A Ltd's shareholding in B&A Muitiwail Packaging Ltd., was increased to 71.64%. Consequently, B&A Muitiwail Packaging Ltd., became a subsidiary of the Company with effect from 31 st March, 2002.
B & A Ltd
Chairman Speech
We are proud to be associated with an industry which has an ancient heritage dating
back 5,000 years. To us, tea is not a product but a commitment to convey value and
culture.
This annual report celebrates the legacy of Late Hemendra Prasad Barooah, a trend
setter in the tea industry, whose visions are promulgated in our continued effort to
deliver quality teas from our plantations.
The history of B&A Ltd has stood the test of time and is being renewed continuously
in our product offering which has created its own niche. With seamless efforts of our
estate managers and workers teas manufactured in Mokrung, Gatoonga and Salkathoni tea
estates of our company are recognized as competing best in the South Bank of Assam Valley.
With active support and guidance from all our stakeholders we enjoy unparalleled trust of
allour buyers.
We hope that the company has been performing to the aspiration of its shareholders as
it has maintained a balanced growth in terms of revenue and profit during the last five
financial years. The year 2015-16 in particular has remained good despite the company
facing multiple challenges. We are happy to maintain the same quantum of dividend as of
the previous year.
We continue our emphasis on the two basic tenets of Corporate Governance, Transparency
and Accountability, laid by my late father, Hemendra Prasad Barooah. We are committed to
provide equal opportunity to all our employees in a safe and healthy working environment.
| Anuradha Farley |
| Chairman |
| B&A Limited |
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B & A Ltd
Company History
B & A Ltd was originally incorporated as Barasali Tea Company Pvt Ltd in 1915. Later renamed B&A Plantations and Industries (BAPIL), it came under the control of H P Barooah in 1968. Production in its tea gardens was 2.5 lakh kg, then. It was then converted into a limited company in 1986. Later, through mergers and acquisitions, three other tea estates - Salkathoni, Sangsua and Gatoonga - came into its fold and it now produces over 2 mln kg of tea.
The Company is engaged in cultivation, manufacture and sale of tea.. It has four prime tea gardens and exports its produce to the UK and other European countries. It came out with a rights issue of FCDs in 1993 to part-finance the modernisation of its facilities, and for the replantation programme of its tea gardens in Assam.
The company has received approval from the Guwahati High Court to take over the Lohpohia Tea Estate from Tea Beverages & Allied Industries. Kuhum Tea Company Pvt Ltd has been amalgamated with BAL. With these arrangements and amalgamations, BAL has eight tea gardens and production is expected to increase to 45 lac kg. Company has earned foreign exchange from export of Tea Rs.144 lakhs & outgo is Rs.22 lakhs for the year 1998-99.
During the year 1999-2000, the scheme of arrangement for amalgamation of two subsidiary companies i.e. B & A Investments Ltd and LIPAB Investments Ltd., was approved by the respective shareholders of the three companies.
BAPIL Investments Ltd., which was 100% subsidiary of the Company and other two Companies i.e. Jorhat Investments Ltd., and Marina Towers Pvt. Ltd., were merged with the Company through the Scheme of Arrangement during 2001-02. Before amalgamation of BAPIL Investments Ltd., and Jorhat Investments Ltd., with B&A Ltd., its shareholding in B&A Muitiwail Packaging Ltd., was 49.09%. However, on amalgamation of the two Companies, B&A Ltd's shareholding in B&A Muitiwail Packaging Ltd., was increased to 71.64%. Consequently, B&A Muitiwail Packaging Ltd., became a subsidiary of the Company with effect from 31 st March, 2002.
B & A Ltd
Directors Reports
B & A Ltd
Company Background
| Incorporation Year | 1915 |
| Registered Office | Indu Bhawan,Mahatma Gandhi Road
Jorhat,Assam-785001 |
| Telephone | 91-0361-2228289/2224516/2226618,Managing Director |
| Fax | 91-0361-2224515 |
Robin Aidan FarleySomnath Chatterjee| Company Secretary | D Chowdhury |
| Auditor | Ghosal Basu & Ray |
| Face Value | 10 |
| Market Lot | 1 |
| Listing | BSE, |
| Registrar | MCS Share Transfer Agent Ltd
12/1/5 Manoharpukar,Road Ground Floor, ,Kolkata-700026
383 Lake Gardens ,1st Floor , ,Kolkata-700045 |
B & A Ltd
Company Management
| Director Name | Director Designation | Year |
|---|
| D Chowdhury | Company Sec. & Compli. Officer | 2023 |
| Basant Kumar Goswami | Independent Director | 2023 |
| Somnath Chatterjee | Managing Director | 2023 |
| Amit Chowdhuri | Director | 2023 |
| Rajkamal Bhuyan | Independent Director | 2023 |
| Anjan Ghosh | Independent Director | 2023 |
| Robin Aidan Farley | Chairman | 2023 |
| Simeen Hossain | Non Executive Director | 2023 |
| Himangshu Sekhar Das | Independent Director | 2023 |
| Amit Kiran Deb | Independent Director | 2023 |
| Mou Mukherjee | Independent Director | 2023 |
B & A Ltd
Listing Information
B & A Ltd
Finished Product
| Product Name | Unit | Installed
Capacity | Production
Quantity | Sales
Quantity | Sales
Value |
|---|
| Tea | Kg | 0 | 0 | 0 | 132.15 |
| Income from Services | NA | 0 | 0 | 0 | 0 |