Jay Jalaram Technologies Share price

The Company was originally incorporated as “Jay Jalaram Technologies Private Limited” as a Private LimitedCompany under the provisions of the Companies Act 1956 vide Certificate of Incorporation dated January 17 2012issued by the Registrar of Companies Gujarat Dadra and Nagar Havelli. Subsequently the Company was convertedinto a Public Limited Company pursuant to shareholders resolution passed at Extra-ordinary General Meeting of theCompany held on May 10 2022 and the name of the Company was changed to “Jay Jalaram Technologies Limited”. Afresh Certificate of Incorporation consequent upon Conversion from Private Limited Company to Public LimitedCompany dated May 25 2022 was issued by the Registrar of Companies Gujarat Dadra and Nagar Havelli. TheCorporate Identification Number of the Company is U32202GJ2012PLC068660.The Company was originally formed in the year 2012 by shareholders namely Mr. Kamlesh Hariram Lalwani Mr.Varjivandas Nathuram Rankgor Mrs. Tulsiben Varjivandas Rankagor and Mr. Kamlesh Varjivandas Thakkar with themain object of Buy Sell Exchange modify Export Import renovate and to act as Manufacturers Wholesalers retailers agents stockiest distributors showroom owners franchisers or otherwise to deal in all type of mobiles instruments devices storage devices articles or things of wireless communications of different models capacities characteristics applications and uses in all its branches such as transreceivers walkie takies man packs mobiles sets base station sets scanners multiplexers pagers radio teletype paging systems etc. and their parts fitting software’s accessories components and to do all other acts and things necessary for the attainment of the foregoing objects. Promoters of the company are Mr. Kamlesh Varjivandas Thakkar Mr. Kamlesh Hariram Lalwani and Mr. Mukeshkumar Navnitray Bhatt. Mr. Mukeshkumar Navnitray Bhatt joined the company by acquiring 22500 equity shares from Tulsiben Varjivandas Thakkar on December 24 2021. In this dynamic and extremely competitive business environment we have developed a diversified business model with the offerings ranging from mobile handsets mobile accessories and mobile related products to Electric vehicles.The Company is engaged in multi-brand retail selling of Smart Phones and allied asscessories from manufacturers likeApple Samsung Oppo Realme Nokia Vivo Xiaomi Nokia Redmi Techno One Plus and Xiaomi. We are alsoengaged in multi-brand retail selling of consumer durable electronics goods like Smat TVs Air Conditioners FridgesCoolers etc. from brands like TCL Haier Diakin Voltas Mi Realme OnePlus Xiaomi Skytron. We operate under the brand name of As on April 30 2022 we operate from total 82 stores across the state of Gujarat. We primarily sell smart mobile handsets of all the major brands accessories for the mobile handsets tablets data cards and other consumer duarable electronics goods under one roof. Out of 82 stores 10 are company owned retail outlets 65 are franchise owned and franchise operated branch retail stores (“FOFO Model”) and 7 are franchise owned and company operated branch retail stores (“FOCO Model”).The other business vertical includes exclusive dealership of Electric Bikes its spare parts and accessories under the brand name “Revolt” for Ahmedabad region. As on April 30 2022 we sell Electric Bikes through 2 company owned retail outlets situated at Ashram Road area in Ahmedabad and Nana Chiloda in Gandhinagar for which the company has signed Letter of Intent (“LoI) on September 10 2019 with Revolt Intellicorp. Private Limited.Key Events/Milestone/ Achievement :2019- Signed Letter of Intent with Revolt Intellicorp. Private Limited for Sale Electric Moter Bike under Brand Name “REVOLT”2021- Company achieved turnover of ?121.45 Crores2022- Conversion of the company from Private Limited to Public Limited Company