Bangalore Fort Farms Limited (BFFL) is a public limited company incorporated in 24 October 1966. The Company is principally engaged into Jute and agro trading products in India. It has entered into exports of Jute bags and accessories after setting up a unit in Falta SEZ. It has also spread hands in the import and export of metal handicrafts etc along with raw jute and merchandise, import, export of metal handicrafts, merchandise etc.
During the year 2018, the paid up share capital increased from Rs. 26,050,000 to Rs. 47,994,000 consequent to a Preferential issue of 21,94,400 Equity shares of Rs.10 each made by the Company. The Preferential issue of Equity shares was approved by the Shareholders at the Annual General Meeting of the Company held on 25th September 2017.
The Company came up with Preferential Issue of shares, which were further allotted on 8th December 2017. The proceeds of the issue were utilized for expansion of Business of the company.
During the year under review the company was in process of shifting its registered office from Karnataka to West Bengal. All the relevant petitions were filed with the Regional Director (SER), Hyderabad and all relevant e-forms were filed with the concerned ROC's to get the approval of Shifting. However, the company received the order of RD approving the Shifting on 21st May 2018 and thereafter Certificate of Registration on 6th June 2018.
During the year 2019, the Company set up a manufacturing & export oriented unit at Falta Special Economic Zone and commenced its business and within a short span was able to achieve satisfactory growth in Sales through better utilisation of the installed capacity.