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Pacific Industries Ltd. Company History and Annual Growth Details

The Company was incorporated as a Public Limited Company on 13th Ã¬July, 1989 under the Companies Act 1956 in the State of Rajasthan Ã¬at Jaipur with the main objects, inter alia, to carry on the Ã¬Business of manufacture and selling granite products and Ã¬obtained the certificate of commencement of business on 28th Ã¬August, 1989. The Objects of the Company are set in the Ã¬Memorandum and Articles of Association of the Company and are Ã¬detailed later in this Prospectus.

The Company has been promoted by Sri Jagdish Prasad Agarwal, Sri Ã¬Bholaram Agarwal and Sri Sagarmal Agarwal. Sri Jagdish Prasad Ã¬Agarwal is engaged in the Business of survey, construction, Ã¬drilling, development of tube well, RCC overhead water tanks and Ã¬has his proprietorship concerns at Udaipur and Branch offices in Ã¬Madhya Pradesh having total turnover of about Rs. 58 lacs during Ã¬1988-89. He was also managing complete affairs of his family Ã¬business as head of the group. He had surveyed market potential Ã¬since 1988 in various countries like Singapore, Hong Kong, Italy, Ã¬France, U.K. and Switzerland and also attended International Ã¬Trade Fair at Carara in, Italy and studied various granite Ã¬processing units at Italy during his visits and availed the Ã¬opportunity to explore the market and study in depth the Ã¬functioning of the Granite Industry in Indian conditions. Sri Ã¬Bholaram Agarwal and Sri Sagarmal Agarwal also have extensive Ã¬experience of the business and will look after the Marketing and Ã¬Finance aspects of the business.

2008

-Pacific Industries designated E-mail ID for Investors Complaints: [email protected]

2011

-The registered office of the company has been shifted from Village: Bedla, Udaipur-313001 (Rajasthan) to Survey No.13, N.H.48, Kempalinganhalli, Nelamangala Taluk, Bangalore (Rural) - 562 123 (Karnataka).

2013

-Installation of Gasperi Multi Wire in Bangalore Unit.

-Rajasthan State Award for Export Excellence

2014

-Vinod Choudhary has been appointed as a Independent Director of the Company.

-Establisment of Geetanjali Dental and Research Institue in Udaipur, Rajasthan.

2016
-Pacific Industries Acquiring shares of the Newly Incorporated Company

2017

-Installation of Breton Multi Wire in Udaipur Unit.

2019

-Company issued rights shares of Rs. 10 in the ratio of 155:100 at a premium of Rs. 109 per share.

2023

-Company issued rights shares of Rs. 10 in the ratio of 1:1 at a premium of Rs. 129 per share.

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