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Chandra Prabhu International Ltd. Company History and Annual Growth Details

The Company was incorporated as a Private Limited Company on 29.11.84 as 'Chandra Prabhu Services Private Limited' having its registered office at New Delhi. The Company became a deemed Public Limited Company under Section 43A of the companies Act, w.e.f 01.05.85 and received a amended
certificate of incorporation. Subsequently the company has passed a special resolution on 22.5.1985 for deleting the restriction clause in Articles of Association under section 3(1)(iii) of the Companies Act, 1956 and as such company became fully Public Limited Company within the
meaning of Section 3(1)(iv) of the Companies Act, 1956. The name of the Company was thereafter changed to 'Chandra Prabhu International Limited' and a fresh Certificate of incorporation consequent to change of name was obtained on 22.08.94.

Since its inception till 1989, the company was mainly engaged in financing to body corporates and non-body corporates and surplus funds were invested in shares & securities. In 1989, to broadbase its activities,it diversified into trading of merchandise goods/commodities. It started with trading in Oxygen gas cylinders but found it also not to be profitable. Hence in 1990-91 if took up trading in clothes and potatoes. Now the company has identified as exports of garments and home furnishings etc. and trading in coal and synthetic rubber as a major thrust area. To achieve these objectives, the then Directors were replaced by a team of experienced people having more than 10 years of experience in the field to look after day to day affairs of the company. So as to synchronise the name of the company with the activities now to be taken up, the name was changed to Chandra Prabhu International Limited.

The company had purchased 3,74,250 shares of Hilton Rubbers Ltd. from
its foreign collaborators at a price of Rs. 5.23 per share as decided
by Reserve Bank of India during the year 1996-97. The company has also acquired 49,042 shares of Hilton Rubbers Ltd. through the public offer as per approval of Securities and Exchange Board of India. As a consequence of this acquisition of shares, both the companies have same management.


-The company's equity shares are delisted from Delhi & Jaipur Stock Exchanges.


-Dlist from The Delhi Stock Exchange Association Ltd (DSE) with effect from January 20, 2005.
Oct 25, 4:01 pm
Oct 25, 4:14 pm
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