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Maharashtra Corporation Ltd. Company History and Annual Growth Details
1982 - The company was incorporated as Maharashtra Industrial Leasing and Investments Ltd and has business interests in finance and trading. The company engaged in the activities of leasing and investments.
2004 - Board of the company had approved to increase the authorized capital of the company from Rs.0.25 crore to Rs.1 crore.
- To increase authorized capital of the company, board had also approved to issue 4.5 lakh equity shares in the proportion of 2 equity shares for every 1 equity share held to the existing shareholders on rights basis.
2005 - Board of the company had approved to increase authorized share capital from Rs 1 crore divided into 10 lakh shares of Rs 10 each to Rs 1.5 crore divided into 15 lakh shares of Rs 10 each.
- The board had also approved to issue 7.50 lakh equity shares of Rs 10 each for cash at par to the select group on preferential basis.
2006 - The company had changed its name from Maharashtra Industrial Leasing and Investment Ltd to Maharashtra Overseas Ltd with effect from 31st May 2006.
- Board of Directors of the company at its meeting held on 22nd November 2006, had resolved that 22,08,333 equity shares of Rs 10 each be allotted to the shareholders of the company in the ratio of 5:3.
2007 - Mr. Ramesh Kumar Bhattar was re-appointed as director of the company.
-Company name has been changed from Maharashtra Industrial Leasing & Industries Ltd to Maharashtra Overseas Ltd