ROLEX RINGS Share price

The Company started its business under the partnership firm by the name of ‘Rolex Industries’ by two of the Promoters Rupesh Dayashankar Madeka and Manesh Dayashankar Madeka in 1977-1978. The partnership deed was executed at Rajkot on April 26 1988 and Jiten Dayashankar Madeka was admitted as partner in Rolex Industries. Further on October 10 1989 Ashok Dayashankar Madeka and Pinakin Dayashankar Madeka were admitted as partners in Rolex Industries and on December 31 2002 Bhautik Dayashankar Madeka Paresh Dayashankar Madeka Mihir Rupeshkumar Madeka Hemal Paresh Madeka and Sanjay Bhagwanji Bole were admitted as partners in Rolex Industries. The partnership firm was thereafter converted into a joint stock company under the Companies Act 1956 in the name of ‘Rolex Rings Private Limited’ and a certificate of incorporation dated February 13 2003 was issued by the RoC. The name of the Company was further changed to Rolex Rings Limited upon conversion to a public limited company pursuant to the special resolution dated February 19 2021 passed by the Shareholders of the Company and a fresh certificate of incorporation was issued by the RoC on March 10 2021.Major events and milestones :1977- Commencement of business in the name of Rolex Industries1978- Formation of partnership firm in the name of Rolex Industries1988- Started manufacturing of forging and forged products1989- Obtained Importer-Exporter code for export of business1991- Commissioning of Unit 12003- Purchase of Sakamura model HBP-160- Conversion of partnership firm into Company2007- Purchased 6 Manyo 600 tons Auto Forging Press- Investment by Rivendell PE LLC- Purchase of (a) Hatebur Hotmatic – HM75XL Hot Former (b) Sakamura Model HBP – 120SS- Availed registration of central excise for Unit 22010- Purchase of SMS MEER Ring Rolling line2011- Purchase of Hatebur-Hotmatic@ HM 35 Machine2014- Setting up of Unit 32017- Purchase of Sakamura Model: HFW-1000-4 Hot Former2018- Purchase of Servomoto Driven Screw Press 16000kN from Enomoto Machine Co. Limited2019- Crossed Rs. 9000 million in revenue in Fiscal 2019 Key awards accreditations and recognition :2021- Q1 Preferred Quality Status - Ford2019- Supplier Quality Excellence Award – General Motors2018- Excellence in New Product Development – Timken- Supplier Quality Excellence Award – General Motors2016- Excellence in Technology Advancement by Timken powered by VRIDDHI2014- Certificate of Supplier Quality for fulfilling the quality assurance compliance by Hyundai Motors India Ltd.- GM Supplier Quality Excellence Award2011- Excellence in Technology – Timken- Excellence in Cost and Productivity – Timken