DHRUV WELLNESS Share price

The Company was incorporated as "Dhruv Wellness Private Limited" at Mumbai under the provision of the Companies Act 2013 vide certificate of incorporation dated March 27 2015 issued by the Registrar of Companies Maharashtra. Consequent upon the conversion of the Company to public limited company the name of the Company was changed to “Dhruv Wellness Limited" and fresh certificate of incorporation dated July 2 2017 was issued by the Registrar of Companies Mumbai. The Corporate Identification Number of the Company is U74900MH2015PLC263089.We are in the business of wholeselling and distributorship of general pharmaceutical and cosmetic products. The Company also functions as a stockist of medical general cosmetics and pharmaceutical products. To take off the company to next level in short span of time On January 1 2016 the company acquired the business all the assets including debts stock stock-in-trade movable plant and machinery trade-marks designs patents and licenses and all creditors etc of Dhruv Agency which was in a market for about a decade and had been promoted by the promoter Director Mrs. Anita Prajapati in the year 2005 . The Proprietorship firm having agencies of Reckitt Benckiser India Ltd Godrej Consumer Products Ltd Cholayil Ltd (Medimix) Emami Ltd. Aishwarya Pharmaceutical Ltd. Claris Pharmaceutical Ltd. Dabur Ltd. Always Perfumes Vini Cosmetics (Fogg Perfumes) was engaged in the business of Wholeselling and distributorship of General healthcare Pharmaceutical products and Cosmetic Products. etc. The Company acquired the said Dhruv Agency and settled the sales consideration at Rs. 60249675.46 (Six Crores Two Lakhs Forty Nine Thousand Six Hundred and Seventy Five Rupees and Forty Six Paise) by issuing fully paid up Equity Shares of value of Rs. 54450000 (Five Crores Forty Four Lakhs Fifty Thousand only) 57996 0% optionally convertible debenture amounted to Rs. 5799600/- (Fifty Seven Lakhs Ninety Nine Thousand Six Hundred only) and balance Rs. 75 paid by /Cash.The Company has multiplied its growth by acquisition of Dhruv Agency. As at March 31 2016 the revenue of the company has increased to Rs. 2271.89 Lacs andstill moving speedily towards the new level breaking its own record. Wehavea tie-up with divisions of distributors namely Vini Cosmetic (Foggperfume) CavinKare Reckitt Benckiser India Limited (Dettol) Mankind Pharma etc all of which supply different line of products to the company. The product ranges from small sachets of shampoos and other toiletries to pharmaceutical products that become a part of every household.Major Events2015- The company was incorporated and commenced the business2016- Acquired the business of Dhruv Agency- The company has been honoured for recognition of outstanding contribution in west region of Mumbai2017- Adoption of New set of Article of Association of Association as per Companies Act 2013.- Company was converted into Public Company