RAJGOR CASTOR DERIVATI L Share price

The Company was originally incorporated as “Hindprakash Castor Derivatives Private Limited” as a private limited company under the provisions of the Companies Act 2013 vide Certificate of Incorporation dated June 13 2018 issued by the Registrar of Companies Central Registration Centre. Subsequently the name of the company was changed from “Hindprakash Castor Derivatives Private Limited” to “Ardent Castor Derivatives Private Limited” pursuant to a special resolution passed by the Shareholders in the Extra Ordinary General Meeting held on January 17 2022 vide Certificate of Incorporation dated January 20 2022 issued by the Registrar of Companies Ahmedabad. Later on the name of the company was changed from “Ardent Castor Derivatives Private Limited” to “Rajgor Castor Derivatives Private Limited” pursuant to a special resolution passed by the Shareholders in the Extra-Ordinary General Meeting held on February 2 2022 vide Certificate of Incorporation dated February 15 2022 issued by the Registrar of Companies Ahmedabad. Further the company was converted from a private limited company to public limited company pursuant to a special resolution passed by the Shareholders in the Extra-Ordinary General Meeting held on June 21 2022 and consequently the name of the Company was changed to “Rajgor Castor Derivatives Limited” and a fresh certificate of incorporation dated July 5 2022 was issued to the Company by the Registrar of Companies Ahmedabad.Till December 2021 the Company had leased out the Castor plant - Harij having installed capacity of 450 MT per day to its then Holding Company i.e. M/s. Mangalam Global Enterprise Limited vide lease deed dated 27th October 2018. Prior to December 2021 the company was engaged in the business of trading of agro commodity. However from January 2022 the current promoters along with their family members (collectively referred to as Rajgor family) purchased entire stake of M/s. Mangalam Global Enterprise Limited consisting of 60109 equity shares in the issuer company. Since then Rajgor family has been actively managing the business of manufacturing of Castor Oil Castor Oil cake High Protein Oil cake in the Castor Plant – Harij along with trading of agro-commodity which amounts to very small portion of the revenue from operation in current financial year.Rajgor Castor Derivatives Limited has commenced manufacturing of Refined Castor Oil First Stage Grade (F.S.G.) Castor De-Oiled Cake and High Protein Castor De-Oiled Cake for the domestic market. We are currently operating on a B2B business Model and offer the customers Castor Oil and its derivatives. As we are currently operating under a B2B business Model we focus on operations relating to quality control inventory management and business development.Being a customer centric company the prime focus is to attain the utmost client satisfaction by offering them quality products. the Company strives at all times is to provide products that offers the customers the designs with desired finish and quality. Moreover the ethical trade practices transparent business dealings and timely delivery of products help us in maintaining cordial relations with the customers.The Promoters Vasantkumar Shankarlal Rajgor Maheshkumar Rajgor and Brijeshkumar Vasantlal Rajgor having combined experience of more than 24 years in Castor Oil and Derivatives manufacturing and with their innovative business ideas in-depth knowledge and excellent management skills we have served the customers proficiently. The promoters are actively involved in day-to-day operations and looks after Sales Purchase Plant Operations Finance as well as general administration for the company.Castor oil is a yellow viscous liquid free from suspended matter and insoluble in water. It is produced by refining commercial grade Castor Oil after undertaking bleaching and filtering process. Castor oil has multiple industrial applications and is extensively demanded in Lubricants Paints Pharmaceuticals Cable insulators Sealants Inks Rubber and Textiles etc. It is also used to relief Constipation Eyelashes grow Hair grow Skin moisturiser ad to improve immunity function. It is also used for applying on food grains to protect from the insects/fungus. Castor De-Oil Cake is fertilizer consisting of high content of Nitrogen Phosphoric Acid Potash and moisture retention and it is also an organic fertilizer which can be used as alternatives to chemical fertilizer. It is simple manure which acts progressively that encourages soil microbial activity. High Protein Castor De Oiled Cake is an organic manure which enhances the fertility of the soil without causing any damage or decay.We have the testing laboratories within the premises of manufacturing units. the manufacturing facility has fully equipped quality control department with experienced staff to facilitate smooth manufacturing process. We have in-house testing laboratory and necessary infrastructure to test the raw materials and finished products to match the quality standards and as specified by the relevant customers. All the products are being manufactured strictly as per quality norms using the expertise of the experienced team to provide quality output to the customers at competitive prices. The Company has marked its presence in domestic market. We supply the products in states such as Gujarat Delhi Madhya Pradesh Maharashtra Punjab Rajasthan Telangana Uttar Pradesh and Uttarakhand. We endeavthe to satisfy customers by continuous improvement through process innovation and quality maintenance. We focus on producing quality product to increase customer satisfaction and develop a positive brand image in the industry. The management and team have enabled us to maintain continuing customer relations ensuring repeat order flows. We aim to grow the operations on PAN India basis and make the brand as a distinguished name in industry.MAJOR EVENTS :2018- The Company was incorporated as a private limited company under the name “Hindprakash Castor Derivatives Private Limited”.2022- Conversion of the company from Private Limited to Public Limited Company.