DESTINY LOGISTICS & I Share price

The Group was founded and promoted by Mr. Jugal Kishore Bhagat who made a modest beginning in the transportation and clearing field in the year dated back to 1996 and thereafter in around 1999 Mr. Bhagat commenced his own venture under a proprietorship structure and started to cater as a vendor by supplying food products and other commodities to Indian Navy and other private organization. In the same year Mr. Bhagat ventured in deployment of manpower to Indian Navy and Indian Army and South Eastern Railways and thus started his entrepreneurial journey.The Company was originally incorporated as “Destiny Logistic Limited” having its registered office at 375 DakshindariRoad Kolkata – 700 048 West Bengal India on July 28 2011 vide certificate of incorporation bearing registration noU63090WB2011PLC165520 under the provisions of Companies Act 1956 issued by the Registrar of Companies WestBengal. We have received the Certificate of commencement of business on August 17 2011 issued by the Registrar ofCompanies West Bengal. Subsequently name of the company changed to “Destiny Logistics & Infra Limited” vide freshcertificate of incorporation dated September 07 2021.The company was founded and promoted by Mr. Jugal Kishore Bhagat and Mrs. Rekha Bhagat and since incorporation ourcompany is in the business of Logistics involving land-based transportation through third-party service provider. Presentlythe services are mainly in the domestic market more specifically in the state of West Bengal. We procure third party fleets both contractually and in spot market. We offer the customers transport management services and arrange for third partyoperator to handle freight related business. We provide complete services like packaging loading unloading and unpacking of items along with complete end to end solutions. This asset light business model allows for scalability of services as well as flexibility to develop and offer customized logistic solutions across diverse sectors. We provide end-to-end safe mobility and delivery of items. the company forayed in the infrastructure development space by bagging a contract from a Government entity.The company has also diversified into infrastructure development activity and received a letter of Intent from National Projects Construction Corporation Limited (NPCC Ltd.) vide their letter dated July 19 2021 for execution of the work – “Construction of storm water drainage scheme for municipal town of Tarakeswar Hooghly West Bengal under Tarakeswar Development Authority West Bengal”. The total contract value awarded was to the tune of Rs. 58.27 crores. the Company has also provided the Performance Security amounting to Rs.1.75 Crores as part of the contractual terms in favthe of NPCC Ltd. Whilst the necessary spade work have commenced the actual on ground activity will commence at the earliest.