SH Kelkar And Company Share price

The Company was incorporated as S.H. Kelkar & Co. Limited on July 1 1955 at Mumbai under the Companies Act 1913. the Company upon incorporation took over businesses carried on by Mr. V.G. Vaze as a sole proprietor of M/s S.H. Kelkar & Co and in partnership by the firm M/s Saraswati Chemical Works. The word "private" was added to the name of the Company under section 43A (2A) of the Companies Act 1956 on May 18 2001. The name of the Company was changed to S H Kelkar and Company Limited pursuant to conversion of the status of the Company to a public limited company and a fresh certificate of incorporation consequent to change of name dated March 5 2015 was issued by the RoC. the Company was founded by Mr. V.G. Vaze who had three sons G.D. Kelkar Suresh Vaze and the Promoter Ramesh Vaze. On account of certain disputes which led to petitions being filed before the Company Law Board Principal Bench at New Delhi ("Company Law Board") the three sons and their respective families executed a memorandum recording a family settlement on November 18 2009 as amended by an addendum dated July 12 2010 (the "Family Settlement"). The Family Settlement contained the terms and conditions on which G.D. Kelkar and Suresh Vaze and their respective families exited from the Company and its subsidiaries (the "Kelkar Group"). In accordance with the terms of the Family Settlement the control and management of the Kelkar Group vests with the Promoter Ramesh Vaze and his family. Accordingly as on date no member of G.D. Kelkar?s family or Suresh Vaze?s family holds any stake or otherwise has interest in the Kelkar Group. The terms of the agreements between the family groups was recorded in the orders of the Company Law Board dated March 10 2009 and November 2 2009. Major events and milestones of the Company :1955-Incorporation of the Company and taking over as a going concern the business of the sole properitorship S.H Kelkar & Co and Saraswati Chemical Works together with their assets and liabilities. 1979-Establishment of the manufacturing unit at Vapi 1984-Establishment of the export oriented unit as Keva Fragrances Private Limited the wholly-owned Subsidiary. 2007-Commissioning of the manufacturing unit at Vashivali 2010-Investment by Wayzata II Indian Ocean Limited a private equity firm.2011 -Acquisition of PFW Aroma Ingredients B.V. the Subsidiary in Netherlands which added one manufacturing facility with two production plants and a research centre to the operations. -Approval of the merger of Tridhaatu Estates Private Limited and Amerigo Holdings and Investment Private Limited with the Company 2012-Investment by Blackstone Capital Partners (Singapore) VI FDI Two Pte. Ltd. and Blackstone Family Investment Partnership (Singapore) VI-ESC FDI Two Pte. Ltd. 2013-Investment in setting up a Multi-Purpose Plant (MPP) at Vapi to manufacture fragrance ingredients 2014-Incorporation of PT SHKKeva Indonesia as a step down subsidiary. PT SHKKeva Indonesia is engaged in the business of trading and distribution of cosmetic goods (perfumes soaps powders etc.). -Received the "Best Performance in Quality" award at Marico Samyut 2014 and the "Learning and Development - Diversity Award" at the National Learning and Development League Conference in 2014 2015 -Received the award for "Best HR Strategy In Line with business" at the Global HR Excellence Awards -Received the award for "Dream Companies to Work For (Manufacturing)" at the Dream Companies to Work For Awards. -Received the certification of registration of quality management system by NQA against the provisions of BS EN ISO 9001:2008.