Enter the first few characters of Company and click 'Go'

Faze Three Ltd. Company History and Annual Growth Details

YEAR EVENTS
1985 - The Company was incorporated as Private Limited Company on 9th
January, with the Registrar of Companies, Maharashtra at Mumbai
with the main object of carrying on the business of manufacture
and exports of cotton handloom, furnishing fabrics and made-ups.

- The Company has its own handloom unit at Panipat, Haryana spread
on an area of 16,900 sq. mtrs. with the facilities to manufacture
in-house products of Jacquard Looms, Frame Looms, Pitlooms, Punja
Looms, Handtuffted looms and a Dye House with a capacity of 8000
kg/day.

- The Company was promoted by Mr. Ajay Anand.

1994 - The Company became a Public Limited Company on 27th January,
under the provisions of Section 43 A(1A) of the Act. The Company
was subsequently converted into full fledged Public Limited
Company by a Resolution passed under Section 31 of the Companies
Act, 1956 at the Extra-ordinary General Meeting, held on 27th
May.

- The Articles of Association of the Company were suitably modified
and a revised Certificate of Incorporation was obtained from the
Registrar of Companies, Maharashtra at Mumbai on 15th September.

1995 - The Company proposes to set up state of the art plant at Goa to
manufacture Jacquard Furnishing fabrics and made-ups under 15%
concessional duty scheme with an installed capacity of 11.66
lakhs sq. mtrs.

- The Company Public Issue of 10,55,000 No. of Equity Shares of Rs.
10/- each for cash at a premium of Rs. 110/- per share
aggregating to Rs. 12.66 crores.

1997 - The company was to originally set up its manufacturing unit in
Goa, but due to some procedural delays shifted the venue of
Silvassa in Gujarat which provided certain backward area
benefits.

1998 - The Company is planning to formally list its shares on the
National Stock Exchange after which the investors will have
better liquidity for their investments. The Shares of the
Company are rarely being traded in Ahmedabad and Delhi Stock
Exchanges, the Company is proposing for voluntary delisting of
its shares in these exchanges.

1999 - The Company has entered into a Scheme of Arrangement for hiving
off Dadra (Union Territory) manufacturing unit with Aunde Faze
Three Autofab Ltd., a Joint venture of Faze Three Exports Limited
and Aunde Achter & Ebels GmbH.

2005

-The Company established new rubber backed bathmat plant with 8 million pc/.yr.

-Faze Three receives Gold Medal & Sliver Trophy from Ministry of Textiles

-Faze Three receives order worth Rs 160 mn from Target Stores

-Faze Three secures order worth Rs 18 crores from Walmart Stores, USA

-Faze Three goes into JV with Whitley Willows, UK

-Faze Three has given the Bonus in the Ratio of 3:2

-Company has splits its Face value of Shares from Rs 10 to Rs 2

2006

-The Company has alloted bonus in the Ratio 3:2.

-The Company recommended Dividend @ 10% on Equity Shares of Rs 2/- each.

-Faze Three receives order from Walmart Stores

2007

-The Company has formed a subsidiary in U.S.A. called FAZE 3 USA, LLC.

-Faze Three Acquires 76% in Pana Textile GmbH.

-Company has Consolidates its Face value of Shares from Rs 2 to Rs 10

2008

-The Company designated email i.d. exclusively for grievance redressal division / compliance officer.

2020
-Faze Three Limited was awarded the Dun and Bradstreet as Leading Mid-Corporates of India 2020.

2021
- Faze Three Limited has been declared as the Award Winner of Dun & Bradstreet - Business Excellence Awards 2021 under Best Global Business Category (Mid-Corporates).

2022
- Faze Three Limited has been declared as the Award Winner of Dun & Bradstreet 'Business Enterprises of Tomorrow 2022' Business Excellence Awards in Category Mid-Corporate - Textile & Textile Articles.

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