Divyadhan Recycling Industries Ltd. Company History and Annual Growth Details

Our Company was incorporated as a private limited company with the name of “Divyadhan Consultants Private Limited” under the Companies Act, 1956 vide certificate of incorporation dated May 03, 2010 issued by Registrar of Companies, Mumbai, bearing Registration No. 202686. Further in year, 2023 the name of the company was changed from “Divyadhan Consultants Private Limited” to “Divyadhan Recycling Industries Private Limited”, pursuant to which the ROC, Mumbai has issued a Certificate of Incorporation dated November 10, 2023. Subsequently our company was converted into public company namely, Divyadhan Recycling Industries Limited, pursuant to shareholders’ resolution dated December 13, 2023 vide new Certificate of Incorporation dated March 02, 2024. As on the date of this Red Herring Prospectus the Corporate Identification Number of our company is U39000MH2010PLC202686.

KEY EVENTS AND MILESTONES:

2010

-The company was incorporated by the previous promotors Mr. Prakash Padnamabh Pillai & Mr. Padmanabh Gopal Pillai in the year 2010 under the name and style Divyadhan Consultants Private Limited under Companies Act, 1956.

2014

-The erstwhile promoters sold the company by transferring their 5000 shares each to Pratik Gupta and Ritika Gupta.

2016

-Ms. Ritika Gupta sold her 5000 shares constituting 50% of paid-up share capital to Mr. Varun Gupta. Since then both Pratik Gupta and Varun Gupta have been the promoter of the company.

-The company acquired a distress asset in accordance with the provisions of SARFESI Act, 2002, The asset includes Factory Land & Building, Plant & Machinery and other movable Assets plant and machinery from Axis Bank Ltd.

2019

-The company started doing production by manufacturing Recycled Polyester staple Fiber and achieved turnover INR. 9.6 cr approximately.

2023-2024

-Our company changed its name from “Divyadhan Consultants Private Limited” to “Divyadhan Recycling Industries Private Limited”. Thereafter, in December 2023, the company passed special resolution for conversion from Private Limited to Public Limited Company. In March 2024, the Registrar of Company Mumbai, approved conversion of the company from Private Limited to Public Limited and issued fresh certificate of incorporation dated March 02, 2024.