SHRENIK Share price

The Company was originally formed as a proprietary firm in the name and style of "Shree Shyam Corporation" by Shrenikbhai Vimawala. Then the proprietary firm was converted into partnership firm and registered under The Indian Partnership Act 1932 in the name and style of "Shrenik Tradelink" pursuant to partnership deed dated November 01 2012 with Shrenikbhai Vimawala Himaben Vimawala Rishit Vimawala Virendra Surti Sonal Surati Vithal Jadhav and Nirav Zaveri as partners to the agreement. "Shrenik Tradelink" was thereafter converted from a partnership firm to a Private Limited Company under Part IX of the Companies Act 1956 with the name of "Shrenik Tradelink Private Limited" and received a Certificate of Incorporation issued by Registrar of Companies Gujarat Dadra and Nagar Haveli on December 20 2012 bearing Corporate Identification No. U51396GJ2012PTC073061. Further name of the company was changed to "Shrenik Private Limited" pursuant to shareholders resolution passed at the Extra-ordinary General Meeting of the Company held on December 01 2016 and a fresh Certificate of Incorporation was issued by Registrar of Companies Gujarat Ahmedabad on December 19 2016. Consequently it was converted into a public limited company pursuant to shareholders resolution passed at Extra-ordinary General Meeting of the Company held on March 25 2017 and the name of the Company was changed to Shrenik Limited and a fresh certificate of incorporation consequent upon Conversion of Private Company to Public Limited dated April 03 2017 was issued by Registrar of Companies Gujarat Ahmedabad. The Corporate Identification Number of the Company is U51396GJ2012PLC073061. Shrenikbhai Vimawala Himaben Vimawala Rishit Vimawala Virendra Surti Sonal Surati Vithal Jadhav and Nirav Zaveri were initial subscribers to the Company. Shrenikbhai Vimawala and Rishit Vimawala are the promoters of the Company. ShrenikbhaiVimawala and Rishit Vimawala were allotted shares on December 20 2012. The details in this regard have been disclosed in the chapter titled ?Capital Structure? beginning on page 69 of this Prospectus. The Company is engaged in the business of trading of different types of paper and paper products in the state of Gujarat and Rajasthan through distributionship channel. We serve the customers with variety of Paper Products like Copier Maplitho Coated Paper FBB Board and a specialist paper commodity Royal Executive Bond. Apart from being the wholesale distributors the Company has its own brand named "Shrenik". We believe and plan to include different varieties of paper products under the Brand Shrenik like copier sticker sheets etc in near future. Client Base the Company has a well-diversified customer base catering to various segments. We have consistent retention of key customer segments which has ensured us with around 3000-3500 client base all over Gujarat and Rajasthan. Some of the marquee clients in financial year 2017 includeMagnum Papers Limited Surya Coats Pvt. Ltd. Sirpur Paper Mills Ltd JK Paper ABC Paper Abhishek Papers amongst others. KEY EVENTS AND MILESTONES IN THE HISTORY OF THE COMPANYThe following table sets forth the key events and milestones in the history of the Company since incorporation:2009-Attaining distributorship of Ballarpur Industries Limited by Sole proprietary firm "Shree Shyam Corporation" of Shrenikbhai Vimawala2010-Bestowed Performance Award" in Category 'B' for the work by Ballarpur Industries2011-2014-Hontheed Performance Award? in Category 'AAA' for the work for fthe consecutive years by Ballarpur Industries2012-Formation of Partnership Firm by conversion of Shree Shyam Corporation the proprietary firm of Shrenikbhai Vimawala-Conversion of Partnership Firm to Company in the name and style of "Shrenik Tradelink Private Limited"2016-Change of Name from Shrenik Tradelink Private Limited to Shrenik Private Limited-Attaining dealership of Tamil Naidu News Print and Papers Limited.2017-Conversion of company from Private Limited to Public Limited-Attaining dealership of Asia pulp and Papers.