Chordia Food Products Ltd

Chordia Food Products Limited was incorporated in January, 1982. The Company is engaged in the Food Infrastructure Business which includes development and leasing of infrastructure facilities such as Factories, Processing Unit, Cold Storages, Warehouses, Agri Tech Centre, Offices, etc. The Company manufactures pickles and ground spices, tomato ketchups, and farsan, all of which are equally popular. It came out with its first public offer in Nov.'92 on the OTCEI. The funds were used to expand its manufacturing facilities at Hadapsar and Yavat. In Jul.'94, it came out with a rights-cum-public issue to raise funds to set up a state-of-the-art unit at Shirval, to manufacture tomato ketchup, spice paste and processed agro-based canned products. Over the years, CFPL has developed a good marketing network in Maharashtra, Gujarat, Goa and parts of Karnataka, through which it is easily able to service small as well as large towns. A portion of CFPL's other products, canned agro-foods, spice paste and chutneys is exported. The project at Shirval to manufacture ketchups, spices, pastes as well as to process and can other agro-foods, was completed in 1994-95. The Company's expansion of present manufacturing capacities for which it undertook setting up a new plant with a production of 600 MT of Pickles near Chennai, got completed and commenced commercial production in Jan. 2000. The company decided to discontinue the manufacturing activities at its Yawat Unit. It is in the process of shifting the Plant and Machinery from its Yawat Unit to Shirwal. This measure will help in improving the profitability of the company, in view of consolidation of activities and reduction of overheads. The Company's new plant with production capacity of 600 TPA at Chittambakkam Village, Kanchipuram, Chennai started commercial production w.e.f. January, 2000. In 2001-02, the Company set up Wind Mill Project at the total project costing Rs. 1.5 Cr. at Satara, Maharashtra with the Electricity Generation Capacity of 4,50,000 Units per annum. It established marketing network in the State of Andhra Pradesh and Rajasthan during the period 2002-03. It introduced several new food products like Bakery Products, Custard, Syrups, Squashes, Milk Shakes and Chinese Souses in 2004-05. During FY 2012-13, Company subscribed to/ acquired 24,99,980 Equity Shares in Western Agree Food Park Private Limited a SPV executing a Project of setting up of Mega Food Park. As such since then, the Western Agri Food Park Private Limited was made the subsidiary of the Company. Accordingly during the Year 2012-13, the Board of Directors disposed of the entire shareholding in the said Subsidiary by virtue of which, Western Agri Food Park Private Limited, was no more a subsidiary of the Company. The Composite Scheme of Arrangement between Chordia Food Park and Properties Limited (CFPPL)(Demerged Company), Pravin Foods Pvt. Ltd. (PFPL) (Transferor Company) and the Company was made operative effective from April 01, 2016. 10,48,152 Equity shares were allotted on amalgamation of Pravin Foods Private Limited and Demerger of Demerged undertaking of Chordia Food Park and Properties Limited into the Company during the year 2018-19. During FY 2021-22, Hon'ble National Company Law Tribunal, Mumbai Bench sanctioned the Scheme of Arrangement between the Company And Aveer Foods Limited and their respective Shareholders, vide its Order dated 1st July, 2022. As a result the Food Division of the Company got demerged into Aveer Foods Limited as a going concern with effect from 20th July, 2022.