QUALITY FOILS (INDIA) Share price

The Company was originally formed as a Partnership Firm under the Partnership Act 1932 (“Partnership Firm”) in the name and style of “Quality Foils” pursuant to Partnership deed dated October 03 1989. Quality Foils was thereafter converted from Partnership Firm to a Private Company under the provisions of Companies Act 1956 with the name and style of “Quality Foils (India) Private Limited” and received a certificate of incorporation dated May 08 1990 from the Registrar of Companies NCT of Delhi & Haryana.Further the word “Private” has been deleted under section 43A(1A) of the Companies (Amendment) Act 1974 and the name was changed to “Quality Foils (India) Limited” under the seal of Registrar of Companies NCT of Delhi & Haryana dated August 08 1993.Afterthought the word “Private” has been added under the section 43A(2A) of the Companies (Amendment) Act 2000 and the name was again changed to “Quality Foils (India) Private Limited” under the seal of Registrar of Companies NCT of Delhi & Haryana dated June 29 2001.Subsequently the Company was converted into Public Limited company pursuant to which the name of ourCompany was changed to “Quality Foils (India) Limited” vide shareholder’s approval on November 12 2022 and fresh certificate of incorporation dated November 25 2022.Mr. Kuldip Bhargava Mr. Jagdeep Bhargava Mr. Om Prakash Kalia Ms. Anubha Tayal Ms. Krishna BhargavaMs. Anshu Bhargava and Ms. Anuradha Bhargava were the initial subscribers to the Memorandum of Association of the Company.MAJOR EVENTS AND MILESTONES OF THE COMPANY :1981- Started first factory under the Partnership Firm in the name and style of “Quality Foils” situated at 3 Industrial Development Colony Hisar Haryana-125005 India.1985- Received factory license from Haryana1990- Partnership Firm converted into Private Limited Company under the provisions of Companies Act 1956.2005-06- Crossed turnover of INR 50.00 crores2006-07- Crossed turnover of INR 100.00 crores2008- Launched a new product- Manufacturing of Flexible Hoses etc.2007- Implemented Quality Management System in accordance with ISO 9001:20152013-14- Crossed turnover of INR 150.00 crores2016- Certified from BIS (Bureau of Indian Standards) since 2016.2019- Used the product in Space Satellite. We supplied the Company’s product ‘Stainless Steel Corrugated Flexible Hoses’ to the premium customer ISRO (Indian Space Research Organisation).