VISA STEEL Share price

HISTORY AND OTHER CORPORATE MATTERSHISTORY AND BACKGROUND OF OUR COMPANYOur Company was incorporated on September 10 1996 as "VISA INDUSTRIES LIMITED" having company registration number15-04601 and our Registered Office at the time of our incorporation was at Plot No. 1143/1146 Airport Road Bhubaneswar - 751 009 Orissa. With effect from October 17 1999 our Registered Office shifted to our own premises at 11 Ekamra Kanan Nayapalli Bhubaneswar - 751 015 Orissa which is the current Registered Office of our Company. Our Company?s name was changed from "VISA INDUSTRIES LIMITED" to "VISA STEEL LIMITED" and we were issued a fresh certificate of incorporation by the RoC dated May 4 2005 and CIN No. of our Company was U13209OR1996PLC004601.With effect from April 1 2004 ("appointed date") Visa Energy Resources Limited was amalgamated into our Company. The High Court of Orissa Cuttack and the High Court at Calcutta vide their orders dated October 15 2004 and September 14 2004 approved the Scheme of Amalgamation of Visa Energy Resources Limited into our Company from the appointed date and the RoC has issued the Certificate dated December 8 2004 of registration of order of the High Court of Orissa Cuttack. Vide the saidscheme of amalgamation as approved all the assets liabilities contracts deeds bonds licenses agreements etc. of Visa Energy Resources Limited became the assets liabilities contracts deeds bonds licenses agreements etc. of our Company and our Company issued one Equity Share to the shareholders of Visa Energy Resources Limited for every one equity share ofRs. 10/- each held by them in Visa Energy Resources Limited. The paid up share capital of Visa Energy Resources was Rs. 83600000 divided into 8360000 equity shares of Rs. 10/- each and therefore 8360000 Equity Shares were issued by our Company to the shareholders of Visa Energy Resources Limited.