SURATWWALA BUS GROUP Share price

The Company was originally incorporated as “Suratwala Housing Private Limited” under the provisions of the Companies Act 1956 vide Certificate of Incorporation dated January 31 2008 issued by the Registrar of Companies Maharashtra Pune bearing Registration no. 131361. Thereafter the name of the Company was changed to “Suratwwala Business Group Private Limited” and a fresh certificate of incorporation consequent upon change of name dated May 15 2019 was issued by the Registrar of Companies Maharashtra Pune. Subsequently the Company was converted into a public limited company pursuant to a Shareholders' Resolution passed at the Extra-Ordinary General meeting of the Company held on July 29 2019 and the name of the Company was changed to “Suratwwala Business Group Limited” vide a fresh certificate of incorporation dated November 21 2019 bearing CIN: U45200PN2008PLC131361 issued by the Registrar of Companies Maharashtra Pune.Jatin Dhansukhlal Suratwala Manoj Dhansukhlal Suratwala Hitendra Arvind Suratwala Apurva Harishchandra Mehta and Hemaben Pankajkumar Sukhadia were the initial subscribers to the Memorandum of Association of the Company and as on the date of this draft prospectus Jatin Dhansukhlal Suratwala and Manoj Dhansukhlal Suratwala are the Promoters of the Company.We are a real estate development company primarily focusing on development of residential and commercial projects in the Pune district. the business activities comprises of development and sale of residential as well as commercial properties (the “Development Business”) and the maintenance of the properties developed by us (the “Maintenance Business”). Apart from the development and maintenance business we also focus on providing the space on rent such as renting for mobile tower hoardings and banners on building or renting of the unsold space for short durations.Major events and milestones of the Company :2008- Incorporation of the Company as “Suratwala Housing Private Limited” under the Companies Act 1956.- Marked the beginning of Real-estate operations in Pune district by commencing construction of residential project “Suratwala Sweet 16” at Baner Pune2010- Completion of the residential project “Suratwala Sweet 16” at Baner.2012- The Company was awarded with a Certificate for the project ‘Suratwala’s Sweet 16’ for being among the top three nominated projects under the category Residential-Apartment-Low Cost- Non Metro at the CREDAI Real Estate Awards 2012.2015- Started Construction of Commercial Building “Suratwala Mark Plazzo Phase I” at village Hinjewadi near Rajiv Gandhi IT Park Pune.2016- Successfully completed first commercial project “Suratwala Mark Plazzo Phase I”2019- Awarded with a ‘Certificate of Membership’ under the authority of ‘CREDAI’ Association.- Change in the name of the Company from ‘Suratwala Housing Private Limited’ to ‘Suratwwala Business Group Private Limited’- Conversion of the Company from private to public i.e. from “Suratwwala Business Group Private Limited” to “Suratwwala Business Group Limited”