|Our Company was incorporated on November 20, 2001 as
Neepaz Metaliks Private Limited under the provisions of the Companies
Act, 1956 with its registered office at 14, N.S. Road, Kolkata 700 001.
Subsequently, the Company converted into a public company pursuant
to a special resolution passed on February 18, 2004 and filed the
statement in lieu of prospectus as required under the section 44(2) (b)
of the Companies Act , 1956. The name of the Company was changed
from Neepaz Metaliks Limited to Adhunik Metaliks Limited pursuant to a
special resolution passed by the shareholders of the Company at a
meeting held on July 22, 2005.
As on the date of filing this Draft Red Herring Prospectus, our Promoters
hold 5,16,85,642 Equity Shares of our Company representing 80.51 of
our pre - Issue issued equity capital and the Promoter Group holds
46,83,770 Equity Shares of our Company representing 7.29 of our
pre - Issue issued equity capital. As on the date of filing this Draft Red
Herring Prospectus, six of the Directors on our Board represent the
Promoters, 1 of the Directors is an executive director and 3 of the
Directors are independent directors.
-Adhunik Metaliks Ltd has informed that the Company has acquired Orissa Manganese & Minerals Pvt Ltd as 100% subsidiary.