Divgi Torqtransfer Systems Share price

Our Company was originally incorporated as “Divgi Metalwares Private Limited” a private limited company under the Companies Act 1956 through certificate of incorporation dated December 16 1964 issued by the RoC. Pursuant to an amendment to the Companies Act 1956 our Company was deemed public under Section 43A(1A) of the Companies Act 1956. Consequently the word private was deleted from the name of our Company and our name was changed to “Divgi Metalwares Limited” with effect from July 1 1996. The name of our Company was further changed to “Divgi Metalwares Private Limited” upon insertion of the word ‘Private’ after our Company was converted into a private limited company pursuant to an amendmentto Section 43A(1A) in Companies Act 1956 by Companies Amendment Act 2000 with effect from November 23 1998 and subsequently a fresh certificate of incorporation dated October 26 1999 was issued by the RoC.Divgi Transmission Private Limited was incorporated on September 18 1995. Pursuant to the special resolution dated September 20 1995 the name of Divgi Transmission Private Limited was changed to “Divgi Warner Private Limited” and a fresh certificate of incorporation was issued on November 8 1995. The name was further changed to “Divgi TorqTransfer Systems Private Limited” pursuant to the buyout of shares from BorgWarner and a fresh certificate of incorporation was issued on September 30 2016.Pursuant to an order passed by the National Company Law Tribunal Mumbai Bench on September 21 2017 the erstwhile Divgi TorqTransfer Systems Private Limited amalgamated with our Company i.e. Divgi Metalwares Private Limited and subsequently the name of our Company changed from “Divgi Metalwares Private Limited” to “Divgi TorqTransfer Systems Private Limited” and a fresh certificate of incorporation dated November 24 2017 was issued by the RoC. The erstwhile Divgi TorqTransfer Systems Private Limited was a wholly owned subsidiary of our Company i.e. Divgi Metalwares Private Limited. Thereafter pursuant to a special resolution passed by our shareholders on October 18 2021 our Company was converted to a public limited company and our name was changed to “Divgi TorqTransfer Systems Limited”. A fresh certificate of incorporation dated March 10 2022 consequent upon change of name was issued by the RoC.Major events and milestones:1995Divgi Metalwares Private Limited entered into a formation agreement with BorgWarner. The agreement was in connection to the formation of a corporation for the manufacturing and sale of transmission components transfer cases and certain other components manufactured by BorgWarner.2016-Exit of BorgWarner through buy out of shares by Divgi Metalwares Private Limited-Entered into an investment agreement with NRJN Family Trust (represented by its corporate trustee Entrust Family Office Legal and Trusteeship Services Private Limited)2017 -Amalgamation of erstwhile Divgi TorqTransfer Systems Private Limited and Divgi Metalwares Private Limited and the amalgamated entity was renamed as Divgi TorqTransfer Systems Private Limited.2018 -Entered into share subscription agreement Oman India Joint Investment Fund II2019 -Awarded the Transfer case business from Russian automobile manufacturer-Awarded the Transfer case business from Mahindra & Mahindra for the new generation Thar and Scorpio2020 -Awarded the planetary sun gear business from Toyota Kirloskar Auto Parts-Awarded the NexTrac assembly business from Mahindra & Mahindra for XUV 7002021 -Awarded the Transfer case business from Chinese automobile manufacturer-Awarded the EV transmission business from TACO (a JV between Tata Automotive Components and Prestolite Electric) for electronic vehicle motors