YEAR EVENTS 1967 - The Company was incorporated on 11th October, as a private limited company under the name of Country Inns Pvt. Ltd. and was converted into a public limited company from 24th November 1970. The Company's objects is to Manufacture egg powder, milk powder, fruit juices and other food products, cattle feed and to generally carry on the business of poultry farmers. - Shares subscribed for in cash by the subscribers to the Memorandum, directors and their friends. 1968 - On 31st December, the name of the company was changed to Foods And Inns Pvt. Ltd. 1971 - 2,50,000 shares offered at par for public subscription through a prospectus in January 1971. 1978 - 6,850 shares forfeited. 6,850 forfeited shares reissued during 1987. 1981 - The Company established a fruit canning unit at Bulsar in Gujarat State for the manufacture of canned fruits, pulps and vegetables for exports as well as for domestic markets. 1985 - The Company undertook a programme to expand its poultry farm capacity from 45,000 birds to about 1,00,000 birds by converting from the present deep litres system to the Californian cage system and three homes were already converted. 1986 - Six houses at the poultry farm at Pune were converted into Californian cage system and steps were taken to convert four more houses on a similar basis. - The company acquired on a 5 years lease a canning factory at Killa Pardi in the Valsad district of Gujarat and commercial production commenced at the factory. - Finns Canning Pvt. Ltd. a 100% EOU set up for processing frozen vegetables and fruits, name was changed to Finns Frozen Foods (India) Ltd. - Dravya Finance, Ltd. and Asim Exports International, Ltd. are subsidiaries of the Company. 1987 - Another two houses were converted into Californian cage system. 1988 - The entire poultry farm was converted into a Californian cage system with a wider accommodation for 90,000 layer birds against 36,000 birds in the past. - 1,75,000 bonus shares issued in prop. 1:2. 1989 - The canning division developed two products, namely, Papaya in Brine and Papaya paste, which received good response in the Japanese market. 1990 - 5,25,000 bonus shares issued in prop. 1:1. 1992 - The Company entered into the export of goods such as Basmati rice, pickles, spices etc. 1995 - The company proposed to sell its poultry division on a going concern to M/s. Bhairvnath Poultry Farm Pvt. Ltd., so as to concentrate on its core business of food processing. - The company proposed to undertake expansion/modernisation of its Chembur plant along with product improvement/development. 2007 -Foods & Inns Ltd has considered the dividend @ 12% 2010 -Foods & Inns Ltd has recommended a declaration of Dividend of Rs. 1.80 per equity share of Rs. 10 each 2011 -Foods & Inns Ltd has recommended the Dividend @ 18% 2013 -Foods & Inns Ltd has considered and recommended the dividend 10 % (i.e. Re. 1 per equity share) on equity shares 2014-Foods & Inns Ltd has considered and recommended the Final Dividend of 18% (i.e. Re. 1.80 per equity share) on equity shares.2019-Acquisition of branded spice company Kusum Masala, foray into B2C business including frozen products, tetra-recart and others.-The Company has issued Bonus Shares in the Ratio of 2:1.