Summary
Meghmani Finechem Limited was incorporated in 2007 as a subsidiary of Meghmani organics ltd, under the provisions of Companies Act, 1956. The Company at present is primarily engaged in manufacturing and selling of Chlor Alkali & its Derivatives. The Company is also engaged in Trading of Agrochemical products.The Honble National Company Law Tribunal (NCLT) Ahmedabad Bench vide its order dated 3 May 2021 (the Order), has approved the Scheme of Arrangement (the Scheme) to demerge the Agrochemicals and Pigments Division of Meghmani Organics Limited (MOL) alongwith its investment in Optionally Convertible Redeemable Preference Shares (OCRPS) of Meghmani Finechem Limited (MFL) and transferred to the Company as a going concern. The certified true copy of the Order issued by NCLT Ahmedabad Bench on 05th May, 2021 filed with The Ministry of Corporate Affairs (the MCA) Registrar of Companies (ROC) Gujarat, Dadra, Nagar and Haveli on 10th May, 2021. The Scheme is effective from 10th May, 2021. By this Meghmani Finechem Limited was demerged from Meghmani Organics in FY 2020-21 to empower the Company grow its Chlor-Alkali business. The demerged Company is now being driven by the second generation of the promoter family that came on the Board of the Company in 2016. The Companys Chlor-Alkali business was commissioned in 2009, growing from an installed capacity of 1,88,000 TPA in 2015 to 3,15,000 TPA at the close of FY 2020-21. The Company is now among the leading players in Indias chlor... Read More
Reports by Meghmani Finechem Ltd
Reports by Meghmani Finechem Ltd