dinesh platechem ltd Management discussions


DINESH PLATECHEM LIMITED ANNUAL REPORT 2005-2006 MANAGEMENT DISCUSSION AND ANALYSIS OPERATION / PRESENT STATUS OF THE COMPANY During the year under review, Company could not manufacture the products due to exclusive supply Agreement with Max Atotech Ltd. and no orders from them. Our Company is 100% subsidiary of Shri Dinesh Mills Ltd. and the Company can not sale the products to others due to exclusive supply Agreement with Max Atotech Ltd. and to get benefits of synergic advantages and combined operations, the Amalgamation petition proposing Amalgamation of our Company with Shri Dinesh Mills Ltd. w.e.f. 01st April, 2005 was filed in the Honble High Court of Gujarat. The Honble High Court vide its Order dated 15th June, 2006 has approved the scheme of amalgamation under section 391 of the Companies Act, 1956. However, the Order under section 394 of the Companies Act, 1956 for vesting all the assets & liabilities in Shri Dinesh Mills Ltd. is awaited from the Honble High Court of Gujarat.