Arvind Port and Infra Share price

The Company was originally incorporated as “Arvind and Company Shipping Agencies Private Limited” as a private limited company under the provisions of the Companies Act 1956 vide Certificate of Incorporation dated September 01 1987 issued by the Registrar of Companies Gujarat. Subsequently the Company was converted from a private limited company to public limited company by resolution passed in the Extra-Ordinary General Meeting of the company dated March 27 2023 and consequently the name of the Company was changed to “Arvind and Company Shipping Agencies Limited” and a fresh certificate of incorporation dated April 10 2023 was issued to the Company by the Registrar of Companies Ahmedabad. The Corporate Identification Number of the Company is U61200GJ1987PLC009944. Located in Jamnagar Gujarat the company was incorporated in the year 1987. the company is part of the Arcadia group founded by the visionary promoter Mr. Arvind Kantilal Shah and his father Mr. Kantilal Premchand Shah. Arcadia groupprovides various port construction and chartering services. As on date the group has a portfolio of approximately 34 barges to cater to its clients. Arcadia Group is a service provider to various port construction companies. Such services include stevedoring Cargo handling ship agency work dredging underwater trenching underwater rock breaking port constructions port maintenance and other marine works.Promoters of the company are Mr. Arvind Kantilal Shah Mr. Vinit Arvind Shah Mrs. Parul Arvind Shah and Mr. Chintan Arvind Shah. the promoters have overall business experience of more than 40 years across various industries namely construction food commercial chartering of barges. Since Incorporation in 1987 the company has been engaged in the business of Shipping and Forwarding agents. The revenue from operations consisted of commission income charged from the clients. the company acquired “Hotel Millennium Plaza” in FY 1997 which was fetching rental income to the company till FY 2021. The company is primarily engaged in chartering business. Chartering activities of the company mainly include chartering of Barge for commercial purposes. As on the date of this Prospectus we own total of 5 (Five) Barges brief details of which is mentioned in this chapter under head “Equipment & Machineries” on page 108. The company ventured into chartering barges by purchasing barge “Arcadia Sumeru” in FY 2021 “KB-26” and “KB-32” in FY 2022 “KB-28” and “Arcadia Minica” in FY 2023. The company understand the unique needs of businesses involved in cargo transportation. the comprehensive barge chartering services encompass a range of options tailored to meet specific requirements of the customers. Under this segment the end users are construction companies who often require barges to transport heavy equipment construction materials orpersonnel to and from construction sites located near bodies of water. Barges can be used to transport materials such as sand gravel cement steel or machinery to support construction projects. Barges are flat-bottomed boats that are primarily used for Port construction maintenance dredging transporting goods placements of Cranes and Backhoes and materials handling on inland waterways rivers and canals as well as in coastal areas. They work by being towed by tugboats or pushed by push boats which provide the propulsion needed to move the barge through the water. Barges are designed to be flat and wide to maximize their cargo capacity and their flat bottoms allow them to operate in shallow waterways and navigate under low bridges. They come in different sizes and configurations with some being equipped with ramps or cranes to facilitate loading and unloading of cargo. Once loaded with cargo the barge is towed or pushed by a tugboat or push boat to its destination. We strive to explore new avenues of business which can leverage the long-standing relation of the promoters in the industry. In order to develop a new business vertical the company has recently forayed into hospitality business with “Hotel Millennium Plaza” and “Hotel 999” situated in surroundings of Jamnagar City of Gujarat.MAJOR EVENTS :1987-88- The Company incorporated as “Arvind and Company Shipping Agencies Private Limited”1996-97- The Company acquired “Hotel Millenium Plaza”2020-21- Company purchased barge “Arcadia Sumeru”2021-22- Company purchased barges “KB-26” and “KB-32”2022-23- Company purchased barges “KB-28” and “Arcadia Minica”