Sam Industries Share price

The Company was incorporated as SAAM INDUSTRIES LTD. on17th February 1994 with the Registrar of Companies MadhyaPradesh. The Certificate of Commencement of Business wasissued on 5th October 1994. The name of the Company waschanged to SAM INDUSTRIES LTD. pursuant to SpecialResolution passed at the Extra Ordinary General Meetingheld on 30th August 1994 and a fresh Certificate ofIncorporation was issued by the Registrar of CompaniesMadhya Pradesh on 6th October 1994.MAIN OBJECTS OF THE COMPANYThe main objects of the Company as stated in the Memorandumof Association of the Company are as under:1. To carry on the business of extracting oil/or otherproducts either by crushing or by chemical or any otherprocesses from til seeds cotton seeds soyabean seedssunflower seeds salseeds linseeds castor seedsgroundnut seeds rapeseeds copra mahua seeds or any othernut or seed or other oil bearing substances whatsoever.2. To carry on business of manufacturers refinersimporters and exporters of and dealers and merchants incopra cotton seed linseed castorseed soyabean seedsunflower seed groundnuts or any other nut or seed or oilbearing substances whatsoever and oils cakes manufacturedtherefrom makers and manufacturers of cattle feedsnutrients edible flour textured foods protein enrichedfoods and feeding and fattening preparations of everydescription and millers and flour merchants.The main objects of the company enables it to undertake theproposed activities for which the funds are being raisedfrom the present issue.SUBSIDIARIES OF THE COMPANYThe Company at present does not have any subsidiaries.There are no pending litigations/disputes defaultsoverdues to Financial Institutions/Banks or in respect ofpayments of statutory dues or proceedings initiated foreconomic offenses against Promoters/Companies promoted byPromoters.There are no conflicts of interest between the proposedbusiness of this company and that of any of the groupcompanies.The company has during the period of construction purchasedwelding electrodes for Rs.3.37 lacs from one of the groupcompanies viz. Dwekam Electrodes Limited. Other than thisthere has been no business transactions with any of thegroup companies.The company has no proposals at present to invest in/engagein business transactions with any of the companies wherethe promoters/directors of the company have any interest.