Integrated Industries Share price

The Company was incorporated under the name of IntegrationTechnologies Pvt. Ltd. as a Private & Limited Company underthe Companies Act 1956 (hereinafter referred to as theAct) on 14th May 1986. Subsequently the Company havingpassed the necessary special resolution under Section 21 ofthe Act became a Public Limited Company and obtained a freshcertificate of incorporation on 18th June 1987. Finallythe Company changed its name to Integrated TechnologiesLtd. (hereinafter referred to as ITL or the Company) and afresh Certificate of Incorporation consequent upon changeof name was issued on 18th June 1987 by the Registrar ofCompanies Delhi & Haryana at New Delhi.The shareholders at their Extra-ordinary General meetingheld on 29.7.94 have approved transfer of the Regd. officeof the Company from the existing location to Sector 35Village Narsingpur Distt. Gurgaon. Haryana in pursuanceof clause no. 5 of Assisted Sector Agreement dated 5.6.91between private promoter Shri Rajeev Bali and HARTRON. Anapplication seeking approval of Company Law Board has beenmade and their approval is awaited.Towards achieving its objectives Company has acquired theland for the factory started civil works and has completed70% building of its factory building. It has obtainedsanctions for loans envisaged in Means of Financing.Promoters have brought in 43.92% of their contribution.The Technical Financial and Marketing collaborationagreement has been signed. The Company is now makingarrangement for raising equity from the market throughPublic Issue. The Company has obtained the necessarygovernment approvals for setting up the project.