Nature of Company : Producer Company incorporated under the Companies Act, 1956 (No.1 of 1956) under Part IXA at Kochi on the 10th day of September, 2004 within the meaning of Section 581A(1) of the Act.
The Company is deemed to be a private Company within the meaning of Section 581C(5) of the Companies Act, 1956.

Shares of the Company shall be issued only to individual producers or producer institutions

Initial Offer : 5000 equity shares

Face Value : Rs.1,000 per share

Issue Price : at par

Terms of payment :

• Individual Producer
  • Plan A - Rs.1, 000 per share payable on application
  • Plan B - Rs. 250 payable in four equal quarterly installments for the allotment of one share only
• Producer Institutions
  Producer Institutions should purchase a minimum of 10 (ten) shares

Patronage per share : Rs.40,000 (Rupees forty thousand only) (Patronage is the use of services offered by the company to the members)

Nature of Equity share : The equity share of a producer company cannot be traded on the stock exchange. Transferable to active members at par value with the previous approval of the Board.

Surrender of Membership : The Board shall direct the surrender of membership together with shares at par value in case of any member ceasing to be a producer/ otherwise failing to retain his qualifications to be a member as per Articles.

Transmission : In the case of death of a member and if the nominee is not a producer, the Board shall direct the nominee to surrender the shares of the deceased member to the company at par value

Distribution of profit : Subject to limit. There is dividend not amounting to more than 20% of the net profit of the Company (statutory) and as determined by the Board.
Patronage Bonus will be paid out of the surplus arising out of the operations of the Company, after certain provisions, in proportion to the patronage only.
Voting Right : One member - one vote irrespective of the number of shares held