Ashirwad Steels & Industries Share price

Ashirwad Steels & Industries Limited was originally incorporatedon 19.02.1986 as Ashirwad Mercantiles Limited. Subsequently thename was changed to Ashirwad Steels & Industries Limited w.e.f10.02.1993.The Company is engaged in bottling of Hydrocarbon Gas with itstwo factories located at Uluberia Industrial Growth CentreUluberia Howrah and Raigarh Madhya Pradesh. For the year1993-94 the Company achieved a sales turnover of Rs.106.86 lacsand a net profit of Rs.9.73 lacs. Now the Company will set upa 2 Gas Filling Plants at the above location and will take updistribution of LP Gas (Liquified Petroleum Gas). It alsoproposes to manufacture steel tubes of size 1/2" to 6" NB.MAIN OBJECTS OF THE COMPANY1) To carry on the business of trading dealing importingexporting manufacturing buying and selling of parts componentsand accessories of Motor Vehicles Tractors CyclesTwo-Wheelers and textiles in diesel and electrical generatorsNut-Bolts hardware Rems Diesel Engines Oxygen & IndustrialGases Electrical fitting & goods Tea Papers of all kindsKatha Khair Food grains including edible oils Electronicgoods such as Television Sets Radios Two in One TapeRecorder Video-Cassette Recorders Ferrous & Non-ferrousmetals Old Machineries.2) To buy purchase underwrite or otherwise acquiremultistoried flats commercial or residential farm housesbuildings godowns Warehouses Markets Shops IndustrialSheds Land either rural or Urban and any other immovableproperty of any description lease hold or free hold either onrent lease or for any other consideration and to salere-sale develop construct or re-construct let on hire andtake assign pledge lease out or otherwise dispose off the sameon instalment basis or under hire purchase agreement or in anyother manner.Note: The Company has by virtue of Special Resolutions passedU/S 149(2A) on 26.12.1992 and 31.08.1994 adopted clause no. 45 16 & 17 of "OTHER OBJECTS" of Memorandum of Association ofthe Company empowering the Board of Directors to carry on andcommence the business of interalia manufacturing & selling ofSteel & Pipes and also LP gas.