GALA PRECISION ENG Share price

Our Company was incorporated as ‘Gala Precision Engineering Private Limited’ under the Companies Act 1956 as a private limited company pursuant to the certificate of incorporation issued by the RoC on February 23 2009. Our Company entered into a Business Transfer Agreement dated May 26 2009 to transfer the business operations from Gala Precision Technology Private Limited. The name of our Company was subsequently changed to ‘Gala Precision Engineering Limited’ upon conversion into a public company pursuant to a board resolution dated September 5 2023 and a shareholder’s resolution dated October 3 2023 and a fresh certificate of change of name was issued on October 25 2023 by the RoC.Major Events and Milestones:2013-Started offering complete range of Parts washing and cleaning systems including Ultrasonic cleaning2014-Expanded products range of Disc springs by adding Bearing series Disc springs and Serrated washers2015-Development of Spring assemblies for Power sector. Development of Spiral springs and Brush springs2016-New Plant commissioned for coil springs. Award from ABB Germany for disc springs as one of their top 10 suppliers.2017-Best Supplier award for Quality & Delivery Performance from leading Automotive Transmission manufacturer Endurance Technologies for Strip springs-Springs Plant audited by Global Automotive Tier 1 companies like Hitachi Continental Schaeffler Wabco ZF-TRW Knorr Bremse2018-Gallock Supplies started to Indian Railways.-SFS plant audited & approved by leading global wind turbine manufacturer for High Tensile studs & Foundation anchor studs2020Started supplying Compression springs for Metro Rail for an European customer on approval in their German Lab2022-Export started of fastener to USA and Europe markets-Purchased land in Vallam-Vadagal SIPCOT Sriperumbuddur Tamil Nadu for future expansion of fastener business.-Sold manufacturing of and activities relating to Surface Engineering Solutions (“SES”) including goodwill and technical knowhow in relation to supplies intangible assets of mass finishing equipments and parts cleaning equipments except for supplies to Public Sector Undertakings and Government Organizations2023-Sold manufacturing of and activities relating to Surface Engineering Solutions (“SES”) including technical knowhow in relation to supplies to Public Sector Undertakings and Government Organizations and intangible assets of mass finishing equipments and parts cleaning equipments