MADHYA BHARAT AGRO P. Share price

History and BackgroundThe Company was originally incorporated on October 22 1997 as “Madhya Bharat Agro Products Private Limited” vide Registration no. 10-12401 under the provisions of the Companies Act 1956 with the Registrar of Companies Madhya Pradesh Gwalior. Our Company was converted into a Public Limited Company pursuant to Shareholders Resolution passed at the Extra Ordinary General Meeting of the Company held on May 1 1999 and the name of our company was changed to “Madhya Bharat Agro Products Limited” vide a fresh Certificate of incorporation dated June 11 1999 issued by the Registrar of Companies Madhya Pradesh Gwalior having CIN U24121MP1997PLC012401. Further the registered Office of the Company was changed to Bhilwara; Rajasthan from Indore Madhya Pradesh and fresh certificate for change in registered office was issued by Registrar of Companies Rajasthan Jaipur dated May 05 2009 having CIN U24121RJ1997PLC029126.Company was originally promoted by Mr. Shailendra Jain Mr. Motilal Jain Mr. Sukhnandan Jain and Mr. Sunil Jain who were the original/initial subscribers to the Company’s Memorandum and Articles of Association in the year 1997.In the year 2002-03 the operations of the company was closed and it was referred to BIFR to register as a Sick Company During the pendency of the approval the said company was taken over by Pankaj Ostwal Praveen Ostwal and Seasons Agro Chem India Private Limited in September 2004. MBAPL production was restarted after takeover in January 2005. Further as per the BIFR order dated May 17 2007 Company’s operation was improved and the new promoters inducted funds for revival of the Company and declared as not a sick industrial Company within the meaning of Section 3 (1) (o) of Sick Industries Companies Act 1985.Presently Mr. Pankaj Ostwal Praveen Ostwal Ostwal Phoschem (India) Limited and Seasons Agro Chem India PrivateLimited are Promoters of the Company.Changes in Registered Office of the Company since incorporationThe Registered Office of the Company is situated at 5-O-21 Basement R.C. Vyas Colony Bhilwara Rajasthan – 311001Following change has been made in our registered office since incorporation till date of this Prospectus:FromToDate of ChangeReason for Change1454 Rajkiran Building WrightTown Jabalpur Madhya Pradesh India--Since Incorporation1454 Rajkiran Building WrightTown Jabalpur MadhyaPradeshIndia376 Clerk Colony PardesiPura Indore MadhyaPradeshIndiaOctober 30 2004Since the company was taken over by new management376 Clerk Colony PardesiPuraIndore Madhya PradeshIndia5-O-1Basement R.C. VyasColony Bhilwara-311001 RajasthanIndiaMay 5 2009For the better operational efficiency as the new management and existing promoters are permanent resident of Bhilwara.5-O-1Basement R.C. VyasColony Bhilwara-311001 RajasthanIndia5-O-21 BasementR. C. VyasColonyBhilwara-311001RajasthanIndiaMay 1 2015To increase operational efficiencyKey Events and Mile StonesYearKey Events / Milestone / Achievements1997-98Incorporation of the Company in the name and style of “Madhya Bharat Agro Products Private Limited”1998-99Starting commercial production for manufacturing of SSP at Unit - I1999-00Conversion of Company from Private Limited to Public Limited.2002-03Operations of the Company was closed and referred to BIFR for registration as Sick Company2004-05Company was taken over by Existing Promoters2007-08Revive from Board for Industrial and financial Reconstruction2009-10Change in Registered office from Indore Madhya Pradesh to Bhilwara Rajasthan2011-12Starting commercial production for manufacturing of BRP at Unit - II2014-15Started Production for manufacturing of SSP at Unit - II