LINCOLN PHARMA Share price

The Company was incorporated as a public limited company by converting partnership concern M/s. Lincoln Pharmaceuticals under Part IX of the Companies Act 1956. M/s.Lincoln Pharmaceuticals was established as a partnership firm on 18th January 1979 with Mr. Rajni G. Patel Mr. Hasmukhbhai I.Patel Mrs. Hansaben A.Patel Mrs. Jivtiben C.Patel Mrs.Jiviben T.Patel and Mrs. Lilaben T. Patel as partners with its main object of manufacturing pharmaceutical formulations. The business was started in Naroda G.I.D.C estate. Further on 9.12.81 Mr.Mihir V. Patel Mr.Maheshbhai M.Patel Mr.Yogeshkumar I. Patel and Mrs.Madhuben V.Patel were admitted as Partners. The firm was carrying on its business by getting its products manufactured on Loan and Licence Basis from 1979 to 1982.All the partners decided and agreed vide resolution dated 30.10.94 that all members of Co-partnership should register the said firm as public limited company for sake of smooth working better and effective management and improvement and advancement of business. It was also decided as per the said resolution that such company should carry Out and continue the existing business of the firm. As a result anthe incorporation of the Company on 20th January 1995 all the properties of the firm (movable & immovable) and all the liabilities of the firm 55 an the closing of the business of the day proceeding the date of incorporation of the Company vested in the Company. Since date of incorporation of the Company i.e 20th January 1995 all the assets and liabilities aforesaid as on 19th January 1995 vested in the Company. Company is carrying on running business of erstwhile M/s. Lincoln Pharmaceuticals having its formulations production facilities at Naroda GIDC Ahmedabad Gujarat of manufacturing tablets capsules liquid and powder syrups and ointments. Company is alsogetting its products manufactured on "Loan and License" basis from other manufacturers to meet the demand of small volume parenterals.The Company has now decided to establish modern formulations manufacturing plant at Village: Khatraj. Tal:Kalol Olaf. Mehsana in Gujarat to manufacture small volume parenterals like Dry powder injectables liquid vial liquid ampoules and eye drops and expand itsproduction capacities of manufacturing tablets capsules liquid/powder syrups and ointment and also to establish fully equipped laboratory to undertake in house testing of its products for better quality control and give thrust on Research and Development. Company has already acquired N.A land Adm: 8833 Sq. Mtrs. and is in the process of acquiring further land adm. aprox.11170 Sq.Mtrs. Company has givenadvance for booking cement and steel and are preparing to commence construction of factory building at new site. Company has identified all plant and machineries and has also given advance to major plant & machinery suppliers far those machineries which has longer delivery period so as to implement the project an time. The company has existing manufacturing facilities at Naroda and if is alreadyselling its products all over India and is having thrust in the markets of Gujarat Rajasthan Andhra Pradesh Bihar and Jammu.