Rydak Syndicate Unlisted Share Price

About RYDAK SYNDICATE LIMITED Unlisted Shares

Rydak, the brand name tea experts swear by, is one of the last proud torch-bearers of the rich legacy, regal art, and life philosophies that defined the tea landscape of India in the 19th and 20th centuries. Sold in select packets in teasingly small lots, the company brings the freshness and fragrance of the parent bush to your tables. Born ourselves in the tempestuous albeit regal and memorable years of our Independence struggle, in 1898, our mammoth family now combines inclusions of over 3 quarters of the last century, with mergers of the Baradighi, Mangaldai, Central Cachar, Rydak, and other tea companies from 1940 to 1960, to produce what the corporates call conglomerates. In 1948, they joined the ever-expanding neighborhoods of the Jardine Henderson group of companies and became the greatest pride of their many diverse businesses.

At the foothills of the Darjeeling Hills and far north in Bengal, two twin estates, Kartick, and the title estate, Rydak, produce some of the subcontinent’s most heartening cups, having dominated the corporate landscape for years as a mean no. 1 at auctions. A little to the south, Baradighi Estate, the firm’s aesthetic pride, is a breath-taking, lush and memorable expanse of 600 acres, producing some the strongest teas for pan-India consumers, with gleaming black grains that delight the eyes as much as the heart.

On the banks of the Majuli river in Assam, the Duklingia Tea Estate is host to sheer corporate pride. The industry’s own manna dew, Duklingia’s teas are a kill-for, and its prices are teasingly ahead of the rest in its pool, much as its humbling reception by our guests and customers makes it the most gratifying experience for planters. Duklingia, the heart of many tales of war, agriculture, the Raj, the company and tribal life and economy, also hosts perhaps Asia’s richest living experience in its colonial-style bungalows and is the standing pride of the region due to its unending expanse of over 700 acres, quality, palatial houses, and aromatic teas.

Further south in Assam, Kopati Tea Estate’s teas put traditional teas to shame. A craze in its local area, Kopati’s fine cultural practices in production are much applauded and make way for some of the most personified cups for our drinkers- with tastes, sights, and aromas that last.

Rydak Syndicate Limited was originally incorporated on the 24th of February, 1898 under the Indian Companies Act as Rydak Tea Syndicate Limited. It was rechristened as Rydak Syndicate Limited on 24th September 1979 having its registered office at 4, Dr. Rajendra Prasad Sarani, Kolkata- 700 001

Rydak Syndicate Limited currently has six tea estates which are located both in Assam and in the West Bengal’s Dooars region.

RYDAK SYNDICATE INCORPORATION DETAILS

BOARD OF DIRECTORS

Mr. Rajvinder Singh Managing Director

Mr. Subir Das Non-Executive Independent Director

Ms. Suparna Charkrabortti Non-Executive Independent Director

Dr. Gyan Dutt Gautama Non-Executive Independent Director

Mr. Prabir Kumar Bhattacharjee Non-Executive Independent Director

Shareholders holding more than 5 % shares in the company as of 31 March 2021

INDUSTRY OUTLOOK

The year 2020 saw the tea production and export touch a nadir as coronavirus pandemic swept the country disrupting all activities

But the first few months of this year have not produced any relief with production in North India, which accounts for majority of output, showing a decline. The months of March and April recorded a 35% and 25% drop in production respectively as compared to the same period in 2019. The production cycle in North India normally starts in February.

The industry reckons 2020 as an abnormal year because of the pandemic. In May, a 25% fall in output is anticipated. "By the time the rains came towards the end of May, the damage has been already been done by the drought. We expect a loss of 60 million kg for the period March to May," said Sujit Patra, secretary of the Indian Tea Association.

In the case of South India, the tea production during January-April 2021 was higher by 16.87 million kgs, compared to the corresponding period of the previous year given the better agro-climatic conditions prevailing in the tea growing regions. But Prashant Bhansali, president of The United Planters’ Association of Southern India (UPASI) said comparing the crop with the previous year will be misleading as the production during 2020 was affected by the COVID-19 pandemic.

"If the current production trend sustains, we may see South Indian production reviving back to the levels achieved in 2014 & 2015. However, due to the second wave of pandemic and its impact in plantations, it is anticipated that the crop to be lower in Kerala in the month of May and Tamil Nadu in June," he said.

Though a normal monsoon has been predicted, the production in the second half of the year will depend on how the weather will sustain. `` But many plantations are reporting an improvement in quality of tea produced now. Hence, we expect a better crop after June-July,’’ Patra said.

Last year too, the second half of the year saw output improve. Overall tea production stood at 1257.53 million kg in 2020, a nearly 10% decline year-on-year, as per Tea Board figures.

The crop shortage has pushed up the Indian tea prices thus nullifying its competitive edge in the global market where Kenya with bumper production and low prices is currently dominating. The crop shortage has caused the Indian CTC tea prices to harden, according to Anshuman Kanoria, chairman of the Indian Tea Exporters Association.

The average Indian tea price rose by over 30% in 2020 to Rs184.69 per kg with the pandemic devastating the industry.