Lakhotia Polyesters (India) Ltd. Company History and Annual Growth Details

The Company was incorporated as Lakhotia Polyesters (India) Private Limited on August 5, 2005 under the Companies Act, 1956 bearing Registration No. 155146 of 2005 having its Registered Office at 158/159, Shree Samartha Sahakari Audyogik Vasahat Limited, Pimpalgaon Baswant, Nashik, Maharashtra- 422 209. Subsequently, the Company became a Public Limited Company in pursuance to a special resolution passed by the members of our
Company at the Extraordinary General Meeting held on July 25, 2012. The fresh Certificate of Incorporation consequent to change of name as a result of conversion to a public limited company was issued on October 4, 2012 by the Registrar of Companies, Mumbai, Maharashtra. The CompanyÂs Corporate Identity Number is U17120MH2005PLC155146.

The Company was originally promoted by Mr. Shyamsundar Lakhotia and Mr. Madhusudan Lakhotia who were the original subscribers to the CompanyÂs Memorandum and Articles of Association in the year 2005.

Key events and milestone of Our Company

Year

2005
Incorporation of the Company

2011
Company achieves total turnover of Rs. 100 million.

2012
Company took over business of M/s. Lakhotia Textiles and M/s. Lakhotia Enterprises.

2012
Conversion from Private Limited to Public Limited Company.

2014
- Lakhotia Polyesters (India) Ltd has approved the issue of Bonus shares by capitalization of the Free Reserve of the Company in the proportion of 18 (Eighteen) Bonus Equity Share of Rs. 10/- (Rupees Ten only) each, for every 10 (Ten) fully paid-up Equity Share of Rs. 10/- (Rupees Ten only) each held.
-Lakhotia Polyesters (India) has announces bonus in the ratio of 18:10

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