EKANSH CONCEPTS Share price

PRITI RESORTS AND HOLDINGS LIMITED was originallyincorporated as PRITI WATER & MINERALS PRIVATE LIMITED on21St December 1992. The main object of the company was tosupply water minerals and stones. The company wasconverted into public limited company on 17th February1995 and subsequently the name was changed to PRITI RESORTSAND HOLDINGS LIMITED. and amendments in the memorandum havebeen effected vide special resolution passed on 14thSeptember. 1994 by the board and subsequently a freshcertificate of incorporation has been obtained. TheCompany has acquired the land measuring 3600 Sq. mtrs fromM/s Dhoot Industries Ltd. on 28th February 1995 at the costof Rs. 65.34 Lacs as stated in agreement and the entitiesfrom whom the company acquired the land are not related toany of the promoters/directors of the company.The Company has taken approval of the Plan for the Resortfrom the Mira Bhayender Nagar Palika Parishad vide theirletter no.4396/304/ 9576 dated 15/4/1995. As the companyhas already received approval from the above authoritywhich can also be technically called as commencementcertificate the land development as well as civil workscan be commenced.The land development has already started i.e. land surveyland leveling and construction of compound wail etc. Theprovisions of Section 269 of income Tax Act 1961 are notapplicable to this land as the same is out side 8Km.peripherial area of Greater Bombay and Thane. The companyis also holding a certificate from the auditor of thecompany M/s Shyam C. Agarwal & Company CharteredAccountant that the above provision is not applicable.The Company commenced its operations of supply of water in1992- 93. The results of previous years is only for thewater supply.