GCM COMMODITY & DERIVATIV Share price

History of the CompanyThe Company was incorporated on April 26 2005 as a Private Limited Company under the name "GCM Commodity & Derivatives Private Limited". Subsequently our Company was converted into a public limited company and received the Fresh Certificate of Incorporation dated June 14 2013 issued by the Registrar of Companies West Bengal and the name was changed to "GCM Commodity & Derivatives Limited". The Compoany engaged in the business of investing in NSEL Investment Products for arbitrage opportunities and commodity broking. The Company provides commodity broking facilities through its membership of NSEL. We vide Agreement of Transfer of Membership dated April 30 2013 entered into between the Company and Suncap Commodities Limited. NSEL approved our membership vide their letter dated May 9 2013. The Company become the Trading-cum-Clearing member of National Spot Exchange Limited and started the commodity broking business in May 2013. In the past the Company was engaged in the business of Commodity and Equity Trading. GCM Commodity & Derivatives Ltd was the members of NCDEX since November 2005 however we surrendered the membership of NCDEX in October 2008 due to lack of volumes on NCDEX. In the FY 2013 the company started investing in NSEL Investment Products and further decided to expand its area of activities and decided to take the membership of National Spot Exchange Limited. To further expand the business the company plan to take the Membership of Multi Commodity Exchange of India Limited (MCX). Current promoters are GCM Securities Limited Mr. Inder Chand Baid Mr. Manish Baid and Mr. Samir Baid. Our Company allotted 2625500 equity shares to GCM Securities Limited on March 28 2013 representing 67.03% of pre issue capital and accordingly our Company became the subsidiary of GCM Securities Limited.The total number of members 3 of our Company as on the date of filing of the Prospectus is 7.Key Events and Milestones:2006- Incorporation - Acquired Membership of NCDEX2009- Surrendered membership of NCDEX 2013 - Commenced investing in investment products of NSEL- the Company became subsidiary of GCM Securities Limited.2014- Acquired Membership of NSEL