| The Company was incorporated on 26.11.86 under the name and style of Pentokey Organy (India) Pvt Ltd and converted into a Public Limited Company with effect from 10.9.90. The objects of the Company are fully set out in the Memorandum of Association of the Company. The company is implementing a project to manufacture Acetaldehyde 4000T/annum. Acetic Acid 5000T/annum. Ethyl Acetate 2100T/annum and Butyl Acetate 1200T/annum with the financial assistance from IDBI, IFCI and ICICI at a cost of Rs 1230 lacs at Lote-Parshuram, Dist Ratnagiri in the State of Maharashtra. The plant site being a declared backward area by the State Government is eligible for incentives, Sales Tax and other benefits. PROMOTERS The Company has been promoted by Shri Rajendra V Shah having experience in dealing in and manufacturing chemicals for over 14 years along with Shri Vijay M Porwal and Shri Kumar V Shah. 2009 --Registered Office of the Company has been shifted from Unit No. RCC/9, J K Industrial Estate, Mahakali Caves Road, Andheri-East, Mumbai-400093 to Yusuf Building, 20A, 2nd Floor, Fort, Mumbai- 400001 2012 --Registered Office of the Company has been shifted from Yusuf Building, 20A, 2nd Floor, M. G. Road, Fort, Mumbai - 400001 to Somaiya Bhavan, 45/47, M. G. Road, Fort, Mumbai - 400001 -Pentokey Organy has given the Bonus in the Ratio of 2:3. 2013 - The Board recommended the dividend @10% i.e. Re. 1/- per share on Equity shares of Rs. 10/- each. |
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