RTCL Ltd., formerly known as Raghunath Tobacco Company Ltd. was incorporated as a limited company in Mar.'94. It was promoted by Om Prakash Agarwal, Jai Prakash Agarwal and Sri Prakash Agarwal._x000D_ _x000D_ The company is setting up an unit to manufacture cigarettes at Chaudharipur, Uttar Pradesh, with an installed capacity of 2376 mln cigarettes pa. It also proposes to set up a primary making department to reduce the cost of production by processing raw tobacco in-house and also to ensure quality._x000D_ _x000D_ The company came out with a public issue of 38,80,000 equity shares of Rs 10 each for cash at par aggregating Rs 388 lac, to part-finance the setting up of the plant; to meet the deferred revenue expenses envisaged on advertisement and publicity for marketing the product and to meet the working capital margin money requirements._x000D_ _x000D_ Company has started commercial production and selling under the Brand name as `CURRENT' namely 69 mm Filtered Cigarettes and 59 mm Non Filtered Cigarettes. Company propose to introduce 69 mm Filtered Cigaretteds under the Brand Name `PRESTIGE' and `SIR'._x000D_ _x000D_ During the year 1997-98, the Company made a investment in 356000 Equity Shares of Rs.10 each of Raghunath Securities and Credit Limited, which according to Section 4 of the Companies Act, 1956 has become a subsidiary of the Company as the Company holds 72.20% of the subsidiary Company's Share Capital._x000D_