NTC Industries Ltd

NTC Industries Limited, is one of the oldest manufacturer of cigarettes in India. On September 1931 the company was incorporated as National Tobacco Company of India Limited. In 1994 RDB Industries Limited had purchased the asset and goodwill of the Company and the latter become to be known as NTC industries Limited. Since then, Company engaged in manufacturing of Cigarette and Smoking Mixture and general trading and rendering of services of letting out of properties. In December 1994, the Company went public with a premium of Rs. 10 to part-finance its longterm working capital requirements. Further it has also started commercial production of cigarettes in May 1994 in Calcutta but it has yet to start production in Andhra pradesh. In 1999, the Company acquired all the assets and properties of the New Tobacco Company (NTC) (in liquidation) including the Agarpara assets from the Hon'ble High Court at Kolkata in Open Court Auction. During the year 2006-07, allotment of Company's 3650000 equity shares of Rs. 10/- each made on 24.07.2006 got listed at Bombay Stock Exchange Ltd. and The Calcutta Stack Exchange Association Ltd. on 28.09.2006 and 07.03.2007 respectively. Again, allotment of Company's 750000 equity shares of Rs. 10/- each made on 07.12.2006 got listed at Bombay Stock Exchange Ltd. on 23.03.2007. In 2007-08, the Company launched several new residential and retail projects like Regent Ganga, Regent Paradise, Regent Vista, Regent City, Regent Textiles, Regent High Street Mall and Regent Heritage across a cumulative seven million square feet. In 2010-11, the Real Estate Undertaking of the Company was demerged into a separate Company viz. RDB Realty & Infrastructure Limited (RDBRIL), a Wholly Owned Subsidiary of the Company through Scheme of Arrangement with effect from 12th April, 2010. As per the said Scheme, the Demerged Real Estate Undertaking which was transferred to RDB Realty & Infrastructure Ltd. issued 1 Share for every 1 Share in the Company on 24th June, 2010. As a result of demerger, the name of the Company got changed from RDB Industries Ltd to NTC Industries Ltd. effective on 31st March, 2011.