B.L.KASHYAP & SON Share price

HISTORY AND CERTAIN CORPORATE MATTERSOur Company was incorporated on May 8 1989 under the Companies Act as "B. L. Kashyap and Sons Private Limited" with the ROC and subsequently converted into a public limited company on June 7 1995 and the name was changed to "B.L. Kashyap and Sons Limited".Acquisition of BLK Furnishers & Contractors Pvt. Ltd.On April 4 2005 we acquired 11000 equity shares of Rs. 10 each of BLK Furnishers & Contractors Pvt. Ltd. ("BLK Furnishers") comprising 100% equity share capital of BLK Furnishers from our Promotersnamely Mr. Vinod Kashyap Mr. Vineet Kashyap and Mr. Vikram Kashyap. The consideration paid by us to the sellers of the equity shares was Rs. 4.20 million. For details in relation to BLK Furnishers please see sub-section titled "Our Subsidiaries and Associate Firm" ofthis section. Acquisition of Business from M/s. B.L. Kashyap & Sons (partnership firm) Vide an agreement dated November 16 2005 executed between our Company and M/s. B.L. Kashyap & Sons (partnership firm) we acquired the construction business of the partnership firm on a going-concern basis as of November 15 2005. The consideration paid by us to the partnership firm was Rs. 2.63 million. In addition M/s. B.L. Kashyap & Sons (partnership firm) has agreed not to undertake or carry out business of providing construction services or any other related services which would compete with our business.Major events:A chronology of some key events since the Company was incorporated is set forth below:Year Event1989 Our Company was incorporated as a private limited company.1995 Our Company was converted into a public limited company.1996 Turnover for fiscal 1996 was Rs. 285 million.1999 Turnover for fiscal 1999 crossed Rs. 500 million.2004 Turnover for fiscal 2004 crossed Rs. 1500 million.2005 Turnover for fiscal 2005 crossed Rs. 3000 million. Ventured into interiors and furnishing business by acquisition of 100% equity shares of BLK Furnishers & Contractors Pvt. Ltd. Acquisition of construction business of M/s. B.L. Kashyap & Sons (partnership firm).Major events:A chronology of some key events since the Company was incorporated isset forth below:Year Event1989 Our Company was incorporated as a private limited company.1995 Our Company was converted into a public limited company.1996 Turnover for fiscal 1996 was Rs. 285 million.1999 Turnover for fiscal 1999 crossed Rs. 500 million.2004 Turnover for fiscal 2004 crossed Rs. 1500 million.2005 * Turnover for fiscal 2005 crossed Rs. 3000 million. * Ventured into interiors and furnishing business by acquisition of 100% equity shares of BLK Furnishers. * Acquisition of construction business of M/s. B.L. Kashyap & Sons (partnership firm).