Chandra Prabhu International Share price

The Company was incorporated as a Private Limited Companyon 29.11.84 as "Chandra Prabhu Services Private Limited"having its registered office at New Delhi. The Companybecame a deemed Public Limited Company under Section 43A ofthe companies Act w.e.f 01.05.85 and received a amendedcertificate of incorporation. Subsequently the companyhas passed a special resolution on 22.5.1985 for deletingthe restriction clause in Articles of Association undersection 3(1)(iii) of the Companies Act 1956 and as suchcompany became fully Public Limited Company within themeaning of Section 3(1)(iv) of the Companies Act 1956. Thename of the Company was thereafter changed to "Chandra PrabhuInternational Limited" and a fresh Certificate ofincorporation consequent to change of name was obtained on22.08.94.Since its inception till 1989 the company was mainlyengaged in financing to body corporates and non-bodycorporates and surplus funds were invested in shares &securities. In 1989 to broadbase its activities itdiversified into trading of merchandise goods/commodities.It started with trading in Oxygen gas cylinders but foundit also not to be profitable. Hence in 1990-91 if took uptrading in clothes and potatoes. Now the company hasidentified as exports of garments and home furnishings etc.and trading in coal and synthetic rubber as a major thrustarea. To achieve these objectives the then Directors werereplaced by a team of experienced people having more than10 years of experience in the field to look after day to dayaffairs of the company. So as to synchronise the name ofthe company with the activities now to be taken up the namewas changed to Chandra Prabhu International Limited.