Barflex Polyfilms Ltd Company Summary

Barflex Polyfilms Ltd Summary

Barflex Polyfilms Limited was originally incorporated as Hitkari Polyfilms Private Limited with the Registrar of Companies, NCT of Delhi & Haryana on January 24, 2005. Subsequently, the Company name was changed from Hitkari Polyfilms Private Limited to Barflex Polyfilms Private Limited on June 30, 2005. The Company then was converted from a Private Limited Company to a Public Limited Company and the name was changed to Barflex Polyfilms Limited, and a fresh Certificate of Incorporation dated February 22, 2024 was issued to Company by the Ministry of Corporate Affairs, Central Registration Centre.In 2008, the Company expanded its business operations by setting up a manufacturing Unit-II. The installed capacity of Unit -II was to manufacture PVC shrink sleeves 950 MT per annum . It further set up an additional manufacturing unit at Plot No 15, in Solan District of Himachal Pradesh to manufacture PVC stretch and plastic films and pouches at 865 MT per annum.In 2010, it set up a plant at C-44, Noida, Phase-II (Uttar Pradesh) to manufacture flexible packaging products. In 2011-12, the Company enhanced the installed capacity of Unit-II to manufacture pouches, plastic film, laminates, PVC shrink sleeves is 3000 MT per annum.The Company engaged in manufacturing of COEX films, laminates and labels. It manufacture flexible packaging material suitable for packaging products in FMCG industry, processed foods, adhesive, engineering, pharmaceutical industry, cosmetics, construction industry and others. At present, it manufacture 3-layer poly films, 5-layer poly films, laminates, vacuum pouches, 5-layer bulk liners and PVC shrink labels.Company launched the IPO by issuing an aggregate of 65,68,000 equity shares of face value of Rs 10 each by raising funds aggregating to Rs 39.40 Crore comprising a fresh issue of 20,52,000 equity shares aggregating to Rs 12.31 Cr and 45,16,000 equity shares aggregating to Rs 27.09 Crore through offer for sale in January, 2025.