Novateor Research Laboratories Share price

The Company was originally incorporated under the Companies Act 1956 vide certificate of incorporation dated April 01 2011 issued by the Registrar of Companies Gujarat Dadra and Nagar Havelli. Subsequently the Company was converted in to a public company pursuant to a special resolution passed by the shareholders at the EGM held on April 12 2019 and consequently name was changed to ?Novateor Research Laboratories Limited? (NRLL) vide fresh certificate of incorporation dated April 22 2019 issued by Registrar of Companies Gujarat Dadra and Nagar Havelli.The company is leading the development of novel personal care products that are intended to provide safe easy andinnovative approach to the existing traditional personal care solutions. At Novateor Research Facility we develop products that could provide significant clinical as well as commercial advantage.The manufacturing facility located at Sanand Taluka Ahmedabad District is well equipped with the state of the art building structure machineries and technology. Through the semi-Automation of the manufacturing processes we are able to reduce reliance on manual labors and raw materials wastage.The current Teeth Whitening products are sold under brand name ?SmiloShine?. We manufacture three different variants of Teeth Whitening Strips. the products are first of a kind in India in teeth whitening industry with FDCA approval. the Company intends to expand its business in cosmetics various health care pharma products and specialty pharma in the near future.The Customer base consists of well trained highly skilled and experienced Dentists. Dentists and other end users have found the products to be innovative user friendly safe pocket friendly and very effective results vis-à-vis traditional teeth whitening products.Key Events and Milestones :2012- Set up full fledge in-house Laboratory with the Manufacturing Unit- Increase in Authorized capital of the company from 1.00 Lakhs to 10.00 Lakhs2018- Tie-up with E-Commerce portals- Nykaa for selling of its products- Tie-up with 3 E-Commerce portals-Amazon and Flikartfor selling of its products2019- Increase in Authorized capital of the company from 10.00 Lakhs to 3.70 Lakhs- Conversion of company from Private Limited to Limited