RUPAREL FOOD PRODUCTS LIM Share price

The Company was incorporated as MEHTA HOUSING FINANCE PRIVATELIMITED on 23.11.1993 and was subsequently converted into publiclimited company by way of passing a special resolution at theExtra Ordinary General Meeting of the Company held on 28thAugust 1994.PRESENT BUSINESS OF THE COMPANYThe Company has started building the Housing Finance Portfolioand has deployed an amount of Rs.50 Lacs on the same. TheCompany right from the inception will concentrate inestablishing the Housing loan portfolio in and around Ahmedabadand as such 100% of the total loans to be sanctioned will be tovarious Government and semi Government employees placed inAHMEDABAD. The company has at present concentrating on loans upto Rs.150O00.The Company is engaged in providing long term Housing Financefor purchase or construction of house/flats to individuals. TheCompany will finance builders developers selectively toincrease the supply of housing stock.The Company shall also develop housing property on its own andprovide dwelling units to the consumers.MAIN OBJECTS OF THE COMPANYTo carry on the business of providing to persons companies orcorporations societies or associations of persons with orwithout interest and with or without any security for thepurpose of enabling the person borrowing the same to erectconstruct or purchase or upgrade (including upstairs) any houseor building flat tenament shed or any part of portionsthereof in India for residential purpose on such terms andcondition as the company may think fit and to make accessinstitutional finance for home seekers easier by direct lendingto individuals or group of individuals and to render qualityservices to individual households.COMPANY MANAGEMENT AND PROJECTThe Company was incorporated as MEHTA HOUSING FINANCE PRIVATELIMITED on 23.11.1993 and was subsequently converted into publiclimited company by way of passing a special resolution at theExtra Ordinary General Meeting of the Company held on 28thAugust 1994.PRESENT BUSINESS OF THE COMPANYThe Company has started building the Housing Finance Portfolioand has deployed an amount of Rs.50 Lacs on the same. TheCompany right from the inception will concentrate inestablishing the Housing loan portfolio in and around Ahmedabadand as such 100% of the total loans to be sanctioned will be tovarious Government and semi Government employees placed inAHMEDABAD. The company has at present concentrating on loans upto Rs.150O00.The Company is engaged in providing long term Housing Financefor purchase or construction of house/flats to individuals. TheCompany will finance builders developers selectively toincrease the supply of housing stock.The Company shall also develop housing property on its own andprovide dwelling units to the consumers.