ASHOKA METCAST Share price

HISTORY AND CERTAIN CORPORATE MATTERSThe Company was incorporated as “Tanya Estate Private Limited” on July 29 2009 under the Companies Act 1956 with the Registrar of Companies Gujarat at Dadra and Nagar Haveli. The Company had in its earlier years began to develop real estate infrastructure and land plotting vertical; however; due to unforeseen circumstances and changes in market dynamics the real estate business division faced delays in execution of its plans and eventually could not complete the proposed acquisition and related plans. Hence the Company was thereafter non-operative (from an operating income point of view) for since incorporation and has been over time looking to re-align its business model and financial allocations.Vide resolution dated July 202017 the Company has changed its main objects and the name was changed from “Tanya Estate Private Limited” to “Ashoka Metcast Private Limited” and a fresh certificate of incorporation was issued on September 13 2017 by the Registrar of Companies Gujarat at Dadra and Nagar Haveli. Further the status of the Company was changed to a public limited company by a special resolution passed at a shareholders’ meeting on October 23 2017. A fresh Certificate of Incorporation consequent upon conversion of company to public limited Company was issued on November 09 2017 by the Registrar of Companies Gujarat at Ahmedabad and consequently name of the Company was changed to “Ashoka Metcast Limited”. the Company’s Corporate Identification Number is U70101GJ2009PLC057642.The Company is currently engaged in trading of structural steel products such as Round Bars Flat Bars etc. and through the wholly owned Subsidiary SGRM we are proposing to manufacture structural steel products like TMT bars angles channels MS Bars etc.Major Events In The History Of The Company:2009- Incorporation of the Company as “Tanya Estate Private Limited” under Companies Act 19562017- The name of the Company changed from “Tanya Estate Private Limited” to “Ashoka Metcast Private Limited”- Acquired 100% stake in “Shree Ghantakarna Rolling Mills Private Limited” making it as the wholly owned Subsidiary Company- Conversion of the Company from private to public i.e. from “Ashok Metcast Private Limited” to “Ashoka Metcast Limited”.