Chaman Metallics Ltd. Company History and Annual Growth Details

The Company was originally incorporated as “Chaman Metallics Private Limited” on November 10, 2003. Subsequently, pursuant to special resolution passed by the shareholders of the Company at the Extra ordinary general meeting held on February 22, 2008 the company was changed into a Public Limited Company and renamed as “Chaman Metallics Ltd” vide a fresh certificate of incorporation dated April 22, 2008, issued by the Registrar of Companies, Maharashtra, Mumbai.

The company was earlier part of MSP Group and has been acquired in 2019 by G.R.Group pursuant to the Share Purchase agreement dated March 14, 2019 entered between purchasers (G.R. Group), sellers (MSP Group) and Chaman Metallics Limited wherein the entire issued and paid up share capital of the Company constituting 78,94,562 equity shares of the Face Value of Rs. 10 each was transferred to the purchaser (G.R. Group) for a consideration of Rs. 20.50 crores.

Major events and milestones of the Company :

2003

- Incorporation of the Company as “Chaman Metallics Private Limited” under the Companies Act, 1956.

2005

- Commencement of Commercial Production at Chandrapur factory unit

2007

- Change in Registered office of the Company from Nagpur, Maharashtra to Chandrapur, Maharashtra.

2008

- Conversion of Company from Private Limited to Limited Company i.e. “Chaman Metallics Private Limited” to

“Chaman Metallics Limited”.

- Purchase of land in Chandrapur District, within the limits of Grampanchayat, Yerur.

2019

- Acquisition of “Chaman Metallics Limited” by the current promoters and promoter group pursuant to Share

Purchase Agreement dated March 14, 2019.

2019-20

- Crossed Revenue of Rs. 50 Cr.

2020-21

- Crossed Revenue of Rs. 100 Cr.

2021-22

- Crossed Revenue of Rs. 175 Cr.