NEWMALAYALAM STEEL Share price

Our Company was incorporated on March 31 2017 as ‘NewMalayalam Steel Private Limited’ a private limited company under the Companies Act 2013 pursuant to a certificate of incorporation issued by Deputy Registrar of Companies Registrar of Companies Central Registration Centre. Further our Company was converted into a public limited company pursuant to a resolution passed by Board of Directors in their meeting held on December 15 2023 and by our Shareholders in an Extraordinary General Meeting held on December 19 2023 and consequently the name of our Company was changed to ‘NewMalayalam Steel Limited’ and a fresh certificate of incorporation dated February 1 2024 was issued by the Registrar of Companies Central Processing Centre.Major Events and Milestones:2017- Pursuant to an agreement to sell business undertaking dated August 7 2017 executed between our Company and M/s. Demac Steel formerly known as Malayalam Steel Tubes all the assets and liabilities of M/s. Demac Steel were taken over on a going concern basis.2018- Our Company installed an electric resistance welding tube mill of an installed capacity of 3500 MT in our manufacturing unit.2019- Our Company installed an electric resistance welding tube mill of an installed capacity of 4000 MT in our manufacturing unit.2022- Our Company installed a solar plant of an installed capacity of 489.77 kWp at Survey No. 262/3-29 in Poyya Village and Kodungallur Taluk; Building No.2/546 of Poyya Panchayath.