Akanksha Power & Infrastructure Share price

The Company was originally incorporated as a private limited company under the Companies Act 1956 in the name and style of “Akanksha Power and Infrastructure Private Limited” bearing Corporate Identification Number U40104MH2008PTC184149 dated July 01 2008 issued by the Registrar of Companies Mumbai.Subsequently the company was converted into public limited company and the name of the Company waschanged to “Akanksha Power and Infrastructure Limited” pursuant to a shareholders’ resolution passed at anExtra-Ordinary General Meeting held on January 10 2023 and a fresh Certificate of Incorporation dated April24 2023 was issued by Registrar of Companies Mumbai. As on date of this Draft Red Herring Prospectus theCorporate Identification Number of the Company is U40104MH2008PLC184149. Akanksha Power and Infrastructure Limited was founded and promoted by Mr. Bipin Bihari Das Mohapatra in year 2008 with an objective of providing efficient and lower cost power solutions through APFC Panels AMI Infrastructure with smart meters and power voltage quality measurement products.The Company is engaged in the business of manufacturing of electric equipments including electrical panelsinstrument transformers and vacuum contactors catering to consumers from institutions industries electricity transmission and distribution utilities. In addition to production and manufacturing we are also providing services related to distribution and management of power in which the operation includes establishment of electrical infrastructure which involves power quality audit site analysis online cloud based multiple monitoring and data analysis for better management to reduce losses at Transmission distribution and User level. We are also engaged in managing electrical distribution network for the distribution companies (“DISCOMs”).KEY EVENTS AND MILESTONES :2008- Incorporation of Company2010- Started commercial operation and we entered into input based rural power distribution franchisee in Khaira Balasore Odisha.2015- The Company was awarded with the National Award by Ministry of Power Government of India for the Rural Power Distribution Project.2018- In 2018 we got the green field street light projects for the 12 districts of Odisha.2023- Alteration of Name clause of Memorandum of Association and subsequently the company was converted from Private Limited Company into Public Company.