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Lotus Chocolate Company Ltd.

BSE: 523475 Sector: Agri and agri inputs
NSE: N.A. ISIN Code: INE026D01011
BSE 16:01 | 24 Apr 41.00 -1.75
(-4.09%)
OPEN

42.00

HIGH

42.00

LOW

40.65

NSE 05:30 | 01 Jan Lotus Chocolate Company Ltd
OPEN 42.00
PREVIOUS CLOSE 42.75
VOLUME 347
52-Week high 55.45
52-Week low 16.15
P/E 29.29
Mkt Cap.(Rs cr) 53
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 42.00
CLOSE 42.75
VOLUME 347
52-Week high 55.45
52-Week low 16.15
P/E 29.29
Mkt Cap.(Rs cr) 53
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Lotus Chocolate Company Ltd. (LOTUSCHOCOLATE) - Company History

Lotus Chocolate Company (LCCL) was promoted in 1988 by T Sarada and Vijayaraghavan Nambiar. At present, it is a subsidiary of Sunshine Allied Investments, Singapore. Its works is situated at Doulatabad in Andhra Pradesh. The company came out with its initial public offering in Oct.'91, aggregating Rs 2.2 cr, to part-finance its Rs 8.4-cr project to manufacture cocoa and chocolate products for the export as well as the domestic market. It has a range of choco treats like Chuckles, Supercar, Tango Cashew, Tango Almond, Mystique Coffee and Mystique Orange. The company launched On & On sugar coated milk choco-treat in south India. LCCL was troubled by accumulated losses brought about by a delay of one-and-a-half years in the implementation of the project. LCCL retained Chocolate Confectionery Consultancy, UK, to provide technical services. The company has also entered into a marketing agreement with Cocoa Specialities, Malaysia, for the export of its entire production of cocoa derivatives and bulk chocolate. During the year 1999, a theme-based chocotreat - Kiddies and Pineapple Eclairs were launched and in the year 2000 three new products i.e. Malty's, Fun and Magiq were lauched and the consumer response has been encouraging. The Company is also concentrating on the export of Chocolates and Cocoa Powder to Nigeria and United States of America.