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VST Industries Ltd.

BSE:509966  |  NSE:VSTINDEQ  |  58888:vst  |  IND:Cigarettes  |  ISIN code:INE710A01016  |  SECT:Tobacco






Prv. Close:


VST Industries Ltd.


VST Industries Ltd.









Prv. Close:


VST Industries Ltd.


VST Industries Ltd.





The Company History page lists out the major events in chronological order for VST Industries Ltd.

Company History - VST Industries Ltd.

1930 - The company was incorporated at Hyderabad. The Company

manufactures and distributes cigarettes. The products are sold

under the trade names `Charminar Specials', `Shah-I-Deccan',

`Qila', `High Court', `Vazir' and `Ambassador'.

1951 - 1,25,000 bonus shares issued in the prop. 1:3.

1952 - 5,00,000 bonus shares issued in the prop. 1:1.

1954 - Capital converted from O.S. currency to I.G. Currency

(difference of Rs 1.67 per share capitalised from reserves).

1956 - 30,000 pref. shares issued for cash.

1966 - 1,00,000 bonus equity shares issued in the prop. 1:1.

1973 - 29,543 Pref. shares were redeemed at the close of business on

31st March.

1975 - In April, 17,70,000 shares issued to Indian nationals (prem. Rs

6 per share): 1,71,940 shares as rights, 50,000 shares to

employee and directors and 15,48,060 shares to the public.

1977 - 22,62,000 bonus shares issued in the prop. 3:5.

1979 - Hallmark Tobacco Company, Ltd., was promoted and converted into

a subsidiary of the Company. This subsidiary has manufacturing

and selling agreements with the Company.

1981 - Hallmark Investments, Ltd., Tobacco Leaf Investments Ltd., Vaziar

Investments, Ltd., VST Investments Ltd., VST Distribution

Storages & Leasing Co., Ltd., and Tobacco Diversification

Investments, Ltd., became wholly owned subsidiaries of the

company. Hallmark Tobacco Company Ltd. is also a subsidiary of

the Company.

1983 - With the extension of the Central Excise's & Salt Act, 1994 to

the State of Sikkim the collaboration arrangements came to an


1984 - With effect from 10th August, the name of the Company was changed

from The Vazir Sultan Tobacco Co., Ltd. to VST Industries Ltd.

1987 - With the introduction of a lower excise duty slab for cigarettes

upon 60mm length in the non-filter segment, the Company launched

`Vijay Virginia' and `Vijay Gold Flake' to take full advantage of

the lower tax.

1988 - The Company embarked upon a major modernisation programme

designed to improve its competitive ability in domestic and

international markets.

1989 - The Company received an import licence for two sophisticated

high-speed precision Logo Max cigarette making groups

manufactured in France.

- The Company undertook to upgrade its existing laboratory facility

into a well equipped R&D Centre.

- The Company issued 3,25,000-14% secured redeemable

non-convertible debentures of Rs 100 each on private placement to

UTI, LIC and Army Group Insurance Fund. These debentures are

redeemable at premium of 5% in 5 equal annual instalments from

the 6th September, 1994.

- 36,19,200 bonus shares issued in the prop. 3:5.

1990 - The Company launched "Kingston Mini Kings" Cigarettes in the

United Arab Emirates. To increase its exports further, the

Company developed fire cured, light soil Burley and other

non-traditional varieties of tobacco.

1991 - A new brand by name "Kingston Dual Filter" was launched into the

premium king-size cigarette segment, at Hyderabad, Mumbai and

Pune and it was well received.

- Loga machines was installed. Loga machine No. 1 was commissioned

in 1992.

- 57,90,720 bonus shares issued in the prop. 3:5.

1994 - During the year, the Company successfully marketed `Vijay Deluxe'

and `Charminar Standard' non-filter cigarettes. The Company also

launched the modern Sasib 20's pack of cigarettes.

- During the year, `VST Natural Products Ltd.' a new Company was

incorporated in order to continue field trials for selected high

value horticultural corporation.

1995 - The programmable logic control on makers and packers were


- The Company agreed to collaborate with Rayong Industries Pvt.

Ltd., Sikkim, for the manufacture of cigarettes in Sikkim. The

Company supplied the necessary technical expertise for setting up

a cigarette making factory at Rangpo, Sikkim.

1997 - The Company launched a extremenly distinctive and high quality

cagarette called "Charms blues" line both in the premium king

size segment and also in the regular size filter segment.

- The company has launched a voluntary retirement scheme to

reduce at least 10 per cent of its manpower.

- VST is getting all the help from its parent company BAT

Industries which is helping in its restructuring through its

own tested methods. The objective is to make VST most cost

effective and efficient organisation in the industry.

- BAT holds 31.6 per cent equity in VST while 24.51 per cent

stake is held by institutions such as LIC and GIC. The public

holds the largest share in the company to the tune of 34.76

per cent while the rest is with other corporate bodies

and NRIs.

- It has been decided to relaunch the Charminar brand which has

been one of the most popular low-priced cigarettes in the Indian

market. Smokers often found Charminar cigarette product

"very dry" and unsuitable to the palate, especially in areas

where humidity was low.

- FIs hold 32.47 per cent of the company's equity, the foreign

investors, BAT, hold a 33.27 per cent stake and the remaining

4.71 per cent is held by the domestic corporates.

- VST has an installed capacity to manufacture 33,007 million

sticks of cigarettes per annum.

- VST runs neck to neck with Godfrey Phillips for the second spot

accounting for approximately 15.5% of the domestic cigarette.

- VST has popular brands like Charminar and Charminar Standard in

its mini and micro segments. In the filter segment, the

company has brands like Charms, Charminar Special Filter and

Gold Premium.

- VST had set up the 100 per cent export-oriented unit (EOU)

in technical collaboration with High Value Horticulture PLC of

the United Kingdom and Asia Ventures International of Israel

with a pickling line to handle production of bottled, canned and

pickled vegetables and an oleoresin plant.

- VST Natural Products, in the meantime, has entered into a

strategic technology and marketing tie-up with Green Bay Foods,

a division of the $2.8 billion United States-based food and

pickle giant Dena Speciality Products Incorporated.

- Having set up the modern VSTNPL, the company is entered into

techno-marketing agreements with global players in the field.

1998 - VST Ltd has shut down the primary manufacturing division (PMD)

at its Azamabad factory following official flat regarding

environment pollution. The Hyderabad district administration

VST Ltd to shut down its Azamabad cigarette factory as it

is causing intense air pollution in the state capital.

- VST commissioned its first primary manufacturing facility for

tobacco processing in 1990. It has since, continuously

modernised and upgraded its primary & secondary tobacco

processing and cigarette manufacturing facilities to meet

international standards.

- VST has installed the best pollution control equipment in

the factory premises.

1999 - Additionally the company had launched `Blues Kings' a premium

variant of its `Charms' brand in November 1997. The new

product however did not live up to the expectations of the


- The company has appointed Rabo India Finance, a part of

Rabo-bank International, to find a strategic partner for VST

Natural Products, which is engaged in agri-product processing


2000 - In a move to improve the profitability and reduce labour costs,

tobacco major VST Industries Ltd. has introduced a voluntary

retirement scheme for its 1,600 strong work force.

- Fitch Ratings India has assigned a Ind D1+ rating to the Rs 10-crore

commercial paper programme of the company.

2001 - British tobacco giant BAT Plc to increase shareholding in VST Industries.


-Recovers the losses its had witnessed on the food and financial services business.

-Andhra Pradesh Government calls upon British based BAT, ITC along with the stock broker Damani- controlled Bright Star Investments to divest its holdings in the company.

-AP calls for bids for disinvestment of the company.

-Russell Credit Ltd acquires 723499 shares which is 4.69% of VST Industries Ltd.

-Bright Star Investments Ltd acquires 3,10,442 shares amounting to 2.01% of the company.

-Delisted from Madras Stock Exchanges


-Vst Industries Ltd. has informed that the equity shares of the Company have been delisted from The Stock Exchange - Ahmedabad effective January 21, 2004.

-Delists shares from Delhi Stock Exchange


-The Comapny has recommend dividend @ Rs 12.50 for the year.


-The Comapny has recommended a Dividend of 200% on the Ordinary Share Capital.


-The Company has recommend dividend @ Rs 20/- for the year.


- Mr. R. V. K. M. Suryarau, the existing Independent Non-Executive Director has been appointed as the Chairman of the Company.

-The Company has recommend dividend for the year 2009-10 - Rs. 30/-.


-The Company has recommend dividend for the year 2010-11 - Rs. 45.


-The Company has recommended dividend for the year 2011-12 - Rs. 65/-

-Mr. N. Sai Sankar has been appointed as Managing Director of the Company.


-The Company has recommended dividend for the year 2012-13 of Rs. 62.50/-


- The Company has recommended dividend for the year 2013-14 - Rs. 70/-

Date Sources:Live BSE and NSE Quotes Service: TickerPlant | Corporate Data, F&O Data & Historical price volume data: Dion Global Solutions Ltd.
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