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Shree Ajit Pulp & Paper Ltd. Company History and Annual Growth Details
1995 - Shree Ajit Pulp & Paper Ltd. was incorporated as private limited paper-craft company on 23rd March 1995 as M/S Ajit Pulp & Paper Ltd.
- Converted into Public Limited Co. on 13th November 1995 and name was changed to Shree Ajit Pulp & Paper Ltd.
1996 - The Company came out with the public issue of equity shares worth Rs. 315 Lacs in the month of October 1996.
2007 - The board of the company had approved the resignation of Suresh C Shah and he ceased to be a director of the company with effect from 24th March, 2007.
- Mr. Jayantilal M Shah had also resigned and ceased to be director of the company with effect from 24th March, 2007.
2008 - Members of the extra ordinary general meeting had authorized board of the company to borrow any sum of money including non fund based facilities from time to time at their discretion, upto a sum of Rs 40 crores over and above the aggregate of the then paid up capital of the company and its free reserves.
- They also authorized board to arrange or fix the terms and conditions of all such monies to be borrowed from time to time and to mortgage or charge all or any of the movable or immovable properties of the company.