Porwal Auto Components Share price

Our Company was incorporated on February 03 1992 as a private limited company under the Companies Act 1956 withRegistration Number 10-06912 of 1992. The Company was converted into a Public Limited Company on September 09 1992 with the name Porwal Auto Components Limited. The Registered office of our Company is situated at Kanti Mansion 6-M rai Mohalla Indore 452001(Madhya Pradesh) IndiaOur company has been promoted by Mr. Surendra Jain Mr. Devendra Jain and Mr. Mukesh Jain. Our Company is an 1S0/TS 16949:2002accredited company engaged in the business of manufacture of SG and CI Castings with an installed capacity of 6600 T per annum whichis presently upgraded to 9000 MT per annum. In order to enhance the product profile and cater to larger customer base we have implementeda large scale expansion programme to increase the capacities upto 27600MTA. The expansion programme has commenced from January 2005.The total expansion would be completed by June 2008.To part finance the expansion programme during January 2006 theCompany had made a preferential allotment of 8000000 equity shares out of which 4300000 equity shares were allotted to promoter group and the balance3700000 equity shares were allotted to Porwal Finsec Pvt. Ltd. (Acquirer)a non-promoter Company. The acquirer has complied with SEBI (SAST)Regulations and an Open Offer was made to the equity shareholders of PACL.MILESTONES ACHIEVED:Year Event1992 Incorporation1994 Public Issue and listing on OTCEI1995 Commenced production of SG and CI castings1999 National Awards to small scale Entrepreneur given by Govt. of India (Ministry of Small Scale Industries) to Mr. Devendra Jain (Promoter & Managing Director )2000 Eicher Motors Ltd. Award for Outstanding Contribution toparts development2000 Eicher Motors Ltd. Award for Outstanding Contribution toSupply Chain Management 2005 Production capacity up gradation from 4080 MT p.a. to 5970 MT p.a.2005 Commenced a large scale expansion plan2006 Eicher Motors Ltd. Award for Outstanding Contribution to Supply Chain Management 2007 Certification for ISO/TS 16949 : 2002