Marco Cables & Conductors Share price

The Company was originally incorporated as a private limited under the name “Marco Cables Private Limited” under the provisions of Companies Act 1956 and Certificate of Incorporation was issued by the Registrar of Companies Mumbai on April 13 1989. Subsequently the name of the Company was changed to “Marco Cables & Conductors Private Limited” vide Shareholders Resolution dated April 25 2023 with Certificate of Incorporation pursuant to change of name issued by Registrar of Companies Mumbai dated May 22 2023. Eventually the status of the Company was changed to Public Limited and the name of the Company was changed to “Marco Cables & Conductors Limited” vide Special Resolution passed by the Shareholders at the Extra-Ordinary General Meeting of the Company held on May 25 2023. The fresh Certificate of Incorporation consequent to conversion was issued on June 19 2023 by the Registrar of Companies Mumbai. The Corporate Identification Number of the Company is U27320MH1989PLC051376.Late Narayandas Mangandas Kukreja Mr. Sugnomal Mangandas Kukreja and Mr. Dunichand Mangandas Kukreja were the initial subscriber to the Memorandum of Association of the Company. Current Promoters of the Company is Mr. Sumit Sugnomal Kukreja Mr. Sugnomal Mangandas Kukreja and Ms. Komal Sumit Kukreja. For further details of the promoters please refer the chapter titled “the Promoters and Promoter Group” beginning on page 175 of this Prospectus.The Company is engaged in the business of manufacturing and selling of wires cables wires and conductors in India with an operating history of over 34 years in power cable industry in India. We commenced the operations with manufacturing of wires (with aluminium / copper conductor) XLPE /PVC cables Aerial Bunched Cables subsequently we included AAAC (All Aluminium Alloy Conductor) and ACSR (Aluminium Conductor Steel Reinforced) Conductors and had made the presence in the industry. We have been manufacturing XLPE PVC & Aerial Bunched Cables for last 3 decades. Recently we have started ACSR – Aluminium Conductor Steel Reinforced AAAC – All Aluminium Alloy Conductor ABC – (Aerial Bunched Cable) for distribution & transmission power lines.MAJOR EVENTS IN THE HISTORY OF THE COMPANY :1989- Incorporation of the Company as private limited company- Establishment of the manufacturing facility in Nashik- Registration of the logo "Marco" has been registered1990- Received BIS Licence as per IS:1554 (Part 1):1976 for production of PVC insulated (heavy duty) electriccables1996- Received BIS Licence as per IS:7098(Part 1):1988 for production of XLPE insulated and PVC Sheathed cables and Armoured and unarmoured with aluminium conductor single or multicore excluding cables for use in mining2001- Had procure the first Government Tender from Maharashtra State Electricity Board2005- Received Quality Management System Certificate IS/ISO 9001: 20002006- Received BIS Licence Marks Licence as per IS:14255-1995 for production of Aerial Bunched Cables for working voltages up to and including 1100 volts2016- The Company surpasses the ?50 Crore revenue mark2018- Received BIS Licence as per IS 398 (Part 4): 1994 for production of aluminium conductors for overheadtransmission purposes: Part 4 Aluminium alloy stranded conductors (aluminium magnesium silicon type)2019- Received BIS Licence as per IS 398 (Part 2): 1996 for production of aluminium conductors for overheadtransmission purposes: Part 2 Aluminium conductors galvanized steel reinforced- The Company surpasses the ?100 Crore revenue mark- Received Environment Management System Certificate ISO 14001: 20152021- Received BQSR Certificate ISO 9001: 20152023- Name of the company changed to Marco Cables & Conductors Private Limited- Conversion of the Company from Private Limited to Public Limited Company