|Our Company was incorporated on March 21, 2006 under the provisions of the Companies Act, 1956 as Readymade Steel India Private Limited. Pursuant to a special resolution passed by the shareholders of our Company at the Extra-Ordinary General Meeting held on July 21, 2010 our Company was converted into a public limited company and consequently the name of our Company was changed to Readymade Steel India Limited. A fresh certificate of incorporation reflecting the new name was issued by the Registrar of Companies, Maharashtra on August 24, 2010.
Our Company was formed pursuant to a Joint Venture Agreement dated February 6, 2006 entered into amongst CSC Holdings Limited ('CSC'), Krishna Trading Corporation ('KTC'), Triveni Enterprises ('TE') and Mr. Anand Goel. The said joint venture has come to an end. Our Company initially set-up its facilities at Bangalore and commenced its test operations in the financial year 2007. In the same year, our Company ceased its operations from Bangalore and set-up our existing processing facility in Khopoli, Raigad in the year 2008.
Major events in the History of Our Company:
Incorporation of our Company pursuant to a Joint Venture Agreement dated February 6,
Commencement of test operations from Bangalore.
Sanction of Term Loan from Union Bank of India amounting to Rs.390 Lacs for setting-up
its facilities at Khopoli, District Raigad.
Setting up of the existing factory at Khopoli, District Raigad, Maharashtra with an installed
capacity of 27000 MTPA
Entered into an Letter of Intent with Larsen & Toubro Limited for processing of steel for its
Mumbai Monorail Project
Our Company was converted to a public limited company
Our Company received ISO 9001:2008 certificate