Amanaya Ventures Ltd Company Summary

Amanaya Ventures Ltd Summary

Amanaya Ventures Limited was originally incorporated as Amanaya Financial Services Private Limited on February 27, 2009 issued by the Deputy Registrar of Companies, Chandigarh. Subsequently name of the company was changed to Amanaya Ventures Private Limited on September 14, 2015. Later on, Company converted into a Public Company pursuant to Special Resolution dated October 09, 2015 and consequent upon conversion to Public Limited, the name was changed to Amanaya Ventures Limited dated October 15, 2015. During FY 2019-20, Midland Services Limited was merged with the Company, under a Scheme of Amalgamation effective from April 01, 2019. Pursuant to this scheme, all businesses of Midland Services Limited got transferred to and vested in the Company. In consideration for the transfer and vesting of the undertaking and business of Midland Services Limited in the Company, the Company allotted 1 fully paid Equity Shares of Rs. 10 each for every 5 Equity Shares of Rs.10 each held in Midland Services Limited to each shareholder of Midland Services Limited.The Company raised funds of fresh issue of Rs 2.76 Crore by issuing 12,00,000 Equity Shares of face value of Rs 10 each in February, 2023.Company is engaged in the Business of Trading of Precious Metals i.e. 24 Carat Gold, Silver Bars & Jewellery. The Company also provide to B2b and B2c clients the Antique Jadau Jewellery which is being manufactured at Amritsar, Punjab. The Company was formed with the objective of promoting SPOT buying and selling of Gold across India. They are bullion traders, specializing in bars and coins of various sizes and weights of Gold and Silver and offer wholesale delivery of bullion to domestic users i.e. ornament manufacturers, goldsmiths, jewellers and semi wholesalers as well as individual customs. Company is a member of Indian Bullion and Jewellers Association Limited and Federation of Indian Export Organisations.The Company offer the Aurel Gold Purchase Plan for retail customers to help them in purchasing physical gold in the smaller quantities in transparent, convenient and cost-effective manner. It has developed their brand name Aurel Bullion that provides with advantage of the customers relying on the quality of the product. All of the gold jewellery is hallmarked by BIS except gold jewellery weighing less than two grams which is not required to be hallmarked. Apart from these, their Product Portfolio offers a mainly 24K Gold and Silver Bars and Coins according to customer specifications and in standard sizes and weights.