Midwest Gold Ltd. Company History and Annual Growth Details

YEAR EVENTS
1990 - The company was incorporated as a public limited company on 20th
November, with its registered office at Bangalore and obtained
its Certificate of Commencement of business on 1st October 1992.
Promoted by Prabhat K. Tyagi, Subhas and Mahbubani, Pawan Kumar
Jain and J. Basant Suravo.

- The main objective of the company is to manufacture polished
granite slabs and tiles.

- The company was planning to set up a 100% EOU for the manufacture
of polished granite tiles and slabs with an installed capacity
of 89,600 sq. mts. per annum at Attibela, Anekal Taluk, Bangalore
district in Karnataka.

1995 - 17,30,570 shares were held by promoters and their relatives.
58,69,430 shares were issued through prospectus of which
26,69,430 shares were allotted to promoters, Directors, their
friends and relatives. Of the remaining 32,00,000 shares,
12,00,000 shares were allotted on firm allotment basis to UTI,
SBI Mutual Fund, 20th Century Mutual Fund and IDBI. Balance
20,00,000 shares were allotted to the public (all were taken up).

2011

-Company has changed its name from Nova Granites (India) Ltd. to Midwest Gold Ltd.

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article