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Alicon Castalloy Ltd. Company History and Annual Growth Details

Pegasus Castalloy Ltd. was incorporated in the State of Maharashtra on December 19, 1990 as Pegasus Wheels Pvt. Ltd. and by passing a special resolution on September 30, 1994. was converted into a Public Limited Company and the name was changed to Pegasus Castalloy Ltd and a fresh
Certificate of Incorporation dated October 18, 1994 was obtained from the Registrar of Companies, Maharashtra.

The Company is setting up a foundry with a capacity to produce 2000 M.T. per annum of aluminium castings such as cylinder heads, intake manifolds, crank cases etc., for the automobile, engine and engineering industries.

The Indian Promoter has entered into a Joint Venture with SOFIGIC on 06.12.1994 which is a company registered under the laws of France and which is the holding company for SIFA S.A which has an aluminium foundry in France. The collaboration is for technical assistance and equityparticipation.

2002-Pegasus Castalloy Ltd has informed BSE that Mr Junichi Suzuki and Mr Tetsuro Masui have been appointed as directors of the company on September 30, 2002. They are representing Enkei Corporation, Japan, who is holding 38% of the paid-up capital of the company.