ARABIAN PETROLEUM Share price

The Company was originally incorporated as “Arabian Petroleum Private Limited” under the provisions of theCompanies Act 1956 vide Certificate of Incorporation dated March 20 2009 bearing registration No. 191109issued by Registrar of Companies Maharashtra Mumbai and CIN No. U23200MH2009PTC191109. Subsequently the Company was converted into a public limited company vide special resolution passed by theshareholders at the Extra Ordinary General Meeting held on November 11 2011 and the name of the Company was changed from “Arabian Petroleum Private Limited” to “Arabian Petroleum Limited” vide fresh Certificate of Incorporation granted to the Company consequent upon conversion into public limited company dated December 16 2011 by the Registrar of Companies Maharashtra Mumbai bearing Corporate Identification Number U23200MH2009PLC191109. Mr. Hemant Dalsukhrai Mehta and Mrs. Darshana Hemant Mehta were the initial subscribers to the Memorandum of Association of the Company.KEY EVENTS AND MILESTONES :2009- Incorporation of the Company in the name of “Arabian Petroleum Private Limited”2011- Conversion of the Company from Private Limited to Public Limited Company2015- Takeover of the business of proprietorship firm Arabian Petroleum vide Business Takeover Agreement dated December 25 2015.- Started its own manufacturing activities at Ambernath with 10 Blenders/Reactors2018- Opened the first depot in Nagpur2019- Expanded to new geographies with opening of first depot in Northern region at Gurugram and another Depot at Indore- Set up of new Factory Unit 2 pursuant to acquisition of adjoining factory land at Ambernath with 2 more Blenders/Reactors2021- Opened more Depots at Ludhiana Rajkot and Aurangabad- Sales turnover reached Rs. 100 Cr.- Received Certificate of Recognition as One Star Export House- Received First OEM approval from Volvo Group Trucks Technology- Received Approval from American Petroleum Institute (API) for Automotive Products