KRISHCA STRAPPING SLTN L Share price

The Company was originally incorporated on December 12 2017 as a Private Limited Company as “Krishca Strapping Steel Solutions Private Limited” vide CIN No. U74999TN2017PTC119939 under the provisions of the Companies Act 2013 with the Registrar of Companies Chennai. Subsequently pursuant to a special resolution passed by the Shareholders at their Extraordinary General Meeting held on December 12 2022 the Company was converted from a Private Limited Company to Public Limited Company and consequently the name of the Company was changed to ‘Krishca Strapping Steel Solutions Limited’ and a Fresh Certificate of Incorporation consequent to Conversion was issued on December 29 2022 by the Registrar of Companies Chennai. The Corporate Identification Number of the Company is U74999TN2017PLC119939. Established in the year 2017 at Sivakasi Tamil Nadu we “Krishca Strapping Solutions Private Limited” are a PrivateLimited based firm engaged as the Manufacturer and Wholesaler of Strapping Tool Strapping Seal etc. the products are high in demand due to their premium quality and affordable prices.Krishca Strapping Solutions Private Limited is a startup venture in the business of manufacturing Steel Straps Seals and providing other allied packaging solutions; incorporated in December 2017 with the vision of providing total packaging solutions to steel industry. During the year 2018 the promoter of the company has done in-depth research and analysis on the industry and travelled many countries to design the production line for manufacturing steel strapping. In June 2018 the production line was designed successfully by Vision IMP. And Exp.Co.Ltd (Korean and Chinese designers). Since the Design was fully satisfactory and was as per the company’s requirement advance was paid to Zhejiang New Vision IMP. And Exp.Co.Ltd during April 2018 to manufacture the machinery. Subsequently in December 2018 MoU was signed with LOGOS Industrial and Logistics Park to construct a factory for the business and later on entered with a lease deed on May 2019. The building (Factory Premises) was handed over for fit outs and installation by September 2019. The Installation process was completed by March 2020. By then the Plant was ready for commercial production. The company obtained HT1 Electricity Connection for 700 KVA during March 2020 with production capacity of 1500 tons per month.KEY EVENTS AND MILESTONES:2017-18- Incorporation of the Company.2018-19- Increase in Authorized Capital of the Company2022-23- Change in Registered Office of the Company- Increase in Authorized Capital of the Company- Company converted into Public Limited Company and consequently name changed from “Krishca Strapping Solutions Private Limited” to “Krishca Strapping Solutions Limited”.- Adoption of Articles of Associations of the Company in line with public company- Change in Object Clause of the Company