Krishna Defence and Allied Industries Share price

The Company was originally formed as a partnership firm under the Indian Partnership Act 1932 in the name and style of “M/s. Krishna Industries” pursuant to a deed of partnership entered between Mr.AnkurAshwin Shah Mrs.PallaviAshwin Shah and Mr.BhadreshSanatkumarJoshi in 1997. Later the partnership firm was dissolved by mutual consent of the partners w.e.f March 31 2002 vide dissolution deed dated April 01 2002 and the business of M/s. Krishna Industries was taken over by Mr.AnkurAshwin Shah as a Proprietor.Thereafter a deed of partnership dated April 05 2011 was formed between Mr.AnkurAshwin Shah Late Mr.AshwinNatwarlal Shah Mr.DilipNatwarlalShahMr.KiranBrijmohandas Shah Mr.ChetanKuberdasDharia M/S Krish Commodities (India) Private Limited and M/S Krish Industries Private Limited to admit as partners in the proprietorship business running in the name and style of “Krishna Industries”w.e.f April 01 2011. Later the partnership firm was registered under the Indian Partnership Act 1932 with Registrar of Firms Mumbai vide Registration certificate dated January 05 2013.Further “M/s Krishna Industries” was converted from partnership firm to a Private Limited Company under Part IX of Companies Act 1956 in the name of “Krishna Allied Industries Private Limited” vide Certificate of Incorporation dated September 10 2013 bearing registration No. 248021 issued by Registrar of Companies Maharashtra Mumbai and CIN No. U74900MH2013PTC248021. Subsequently the Company was converted into a public limited company vide special resolution passed by the shareholders at the Extra Ordinary General Meetingheld on September 27 2021 and the name of the Company was changed from “Krishna Allied Industries Private Limited” to “Krishna Allied Industries Limited” vide fresh Certificate of Incorporation granted to the Company consequent upon conversion into public limited companydated October 20 2021by the Registrar of Companies Mumbaibearing Corporate Identification Number U74900MH2013PLC248021.Therafter the name of the Company was changed from “Krishna Allied Industries Limited” to “Krishna Defence and Allied Industries Limited” pursuant to special resolution passed by the shareholders at the Extra Ordinary General Meeting held on November 01 2021 and consequent to name change a fresh Certificate of Incorporationwas granted to the Company on December 07 2021 by the Registrar of Companies Mumbai.Mr.AnkurAshwin Shah Late Mr.AshwinNatwarlal Shah Mr.DilipNatwarlalShahMr.KiranBrijmohandas Shah Mr. Chetan Kuberdas Dharia M/s Krish Commodities (India) Private Limited and M/s Krish Industries Private Limited were the initial subscribers to the Memorandum of Association of the Company.KEY EVENTS AND MILESTONES :1997- Started Dairy Equipment manufacturing business in partnership firm in the name and style of M/s Krishna Industries2002- Partnership deed dissolved w.e.f March 31 2002 and the business M/s. Krishna Industries was taken over by Mr. AnkurAshwin Shah as a Proprietor.2006- Registered as an approved vendor for supply of Shipbuilding Steel Sections (Bulb Bars) with Defence Metallurgical Research Laboratory (DMRL)Hyderabad2008- Appreciation Certificate received from DMRL Hyderabad for successfully carrying out the Project of manufacturing of indigenized steel Bulb Bars used in hull construction of Naval warships. The project was of National Importance involving import substitution.- Signed Transfer of Technology Agreement with Defence Materials & Stores Research & Development Establishment (DMSRDE) Kanpur for manufacture and sale of Food Container Plastic 5.5 Ltr to be used by Indian Armed forces at High Altitudes2010- We ventured into manufacturing of Kitchen Equipments for Midday Meal Program & Other projects2011- Deed of partnership dated Apr 05 2011 was formed to takeover the running proprietorship business in the name and style of “M/s Krishna Industries” w.e.f April 01 2011.- Accepted as approved vendor by Indian Navy included in Naval Contractual Directives for supply of shipbuilding steel sections Bulb Bars for Warships2013- Converted from a partnership firm to a Private Limited Company under Part IX of Companies Act 1956 in the name of “Krishna Allied Industries Private Limited” w.e.f. September 10 20132014- Awarded Defence Technology Absorption Award 2013 on August 20 2014 along with Prize Money of Rs. 5Lacs from Ministry of Defence (MoD) by the Honourable Prime Minister ShriNarendraModi for the pioneering efforts towards first time indigenous production of “Bulb Bars” in association with DRDO for meeting the requirements of Indian Navy.2015- Patent registered by the company for invention of Automated Milk Analysis and Collection Apparatus called Robotic Milk Collection Unit for a term of 20 years2017- Accepted as approved vendor for manufacture of steel bulb bars by the Indian Register of Shipping (IRS)- Received certificate of Steel Mills from American Bureau of Shipping for Facility and Process Approval for manufacturing section components of marine applications.2018- Awarded INDIA SME 100 Awards organized by India SME Forum and supported by Ministry of MSME in the overall evaluation of Financial & Non-Financial Parameters.2019- Signed TOT with Defence Institute of Pysiology and Allied Sciences DIPAS New Delhi for manufacture and sale of Improved Space Heating Device (Bukhari) used by Indian Armed forces at high altitude in very Cold conditions- Signed TOT with DIPAS New Delhi for manufacture and sale of Man Mounted Cooling System to be used by Indian Armed forces in extremely Hot Conditions- Signed TOT with DIPAS Delhi for manufacture and sale of Solar Snow Melter to be used by Indian Armed forces at high altitude.- Received Developmental Order for supply and manufacture of specialized Weld consumable for critical application of the Indian Navy2020- Company ventured in a new business vertical of Homeland & Security Products.2021- Signed TOT with Research &Development Establishment Engineers Pune for manufacture and sale of Improvised Explosive Device (IED) Containment Vessel to be used by Indian Armed forces for protection- Successfully developed and delivered Steel Ballast Bricks used for critical application of Indian Navy for weight balancing.- Conversion of Company from Private Limited to Limited Company i.e. “Krishna Allied Industries Ltd.” w.e.fOctober20 2021- Change of Company name to “Krishna Defence and Allied Industries Ltd” w.e.f December 07 2021.