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Swarnasarita Gems Ltd. Company History and Annual Growth Details

Shyam Star Gems Limited (hereinafter SSGL) was incorporated as a Private Limited Company on 25.08.1992 with the Registrar of Companies (Maharashtra) for taking over ther running business of M/s. Shyam Exports, an existing profit making partnership firm. It was subsequently converted into a Public Limited on 25.02.1993.

SSGL took over the assets of the firm at Book Value without any revluation for a total considertaion of Rs.6376883.00 on 30.09.1992. The assets taken over did not include any fixed assets. The consideration of Rs.6376883.00 was arrived at after deducting the total liabilities of Rs.15169598.00 from the total assets of Rs.21546481.00 as on the date of takeover.

M/s. Shyam Exports a firm belonging to Indian promoters of SSGL commenced its activities in 02.05.1989 and was engaged in the Business of importing Australian Rough Diamonds, getting the same polished/processed at units belonging to the Partners and exporting the same.

-Shyam Star Gems Ltd has informed that there has been a change in directorship of the Company with effect from December 20, 2007, by way of appointment of Mr. Devang Jayantilal Bhansali & Mr. Sanjay Jayantilal Bhanasali, whose name will be included in the promoter group of the Company with that effect.


- Appointment of Mr. Devang Jayantilal Bhansali & Mr. Sanjay Jayantilal Bhanasali to the Board.


- Board of Directors of the Company has declared an interim dividend of 6%.

- Acquiring land admeasuring 72 Hectors of G.I.D.C., near Amirgarh post in the State of Gujarat for developing SEZ, Township, Tourism, educational, and other environment friendly projects.

- Mr. Ramesh M. Patel has joined the Board of Directors.


--Registered Office of the Company has been shifted to to 01, "Shyam Bungalow", Plot No. 199 / 200, Pushpa Colony, Fatimadevi School Lane, Manchubhai Road, Malad (East), Mumbai: 400 097


-Company has changed its name from Shyam Star Gems Ltd. to Swarnasarita Gems Ltd.

-Registered Office of the Company has been shifted To 17/19, Ground Floor,Dhanji Street,
Mumbai - 400003

- Mr. Sunil Jain Ghewarlal Designation - Director.

- Mr. Rajendra Hiralal Nolkha Designation - Director.

-The company appointed Mr. Sunderlal L. Bothra as an Additional Director of the Company.
-The company recommended 5% (i.e. Re. 0.50 per equity share on face value of Rs. 10/- per share) dividend per share on equity shares of the Company .
-The company appointed Mr. Rajendra M. Chordia as an Additional Director of the Company designated as Whole-time Director of the Company.

-The company appointed Mrs. Asha M Chordia as the Director of the Company.