Ganges Securities Ltd

Summary

Ganges Securities Limited (GSL), a part of K K Birla Group of Industries, was incorporated in March 30, 2015. The Company operates in single segment which is to invest, deal etc. in securities mainly of group companies and in immovable properties. The Company acts as a Core Investment Company (CIC) as per RBI guidelines.The businesses of the Company are carried out by its wholly-owned subsidiaries, Uttar Pradesh Trading Company Limited and Cinnatolliah Tea Limited. Uttar Pradesh Trading Company Limited is a Non-Banking Financial Company registered with RBI and primarily engaged in investment activities, whereas the other wholly owned subsidiary, Cinnatolliah Tea Limited is engaged in the tea business. Apart from its operations in investment in securities including through its wholly-owned subsidiaries, the Company continues to be in business of tea manufacturing and processing through its subsidiary company i.e Cinnatolliah Tea Limited. During the period 2020-21, the Board of Directors in the Meeting dated 10th November, 2020 considered and approved voluntary delisting of equity shares of the Company from The Calcutta Stock Exchange Limited (CSE) in terms of SEBI (Delisting of Equity Shares) Regulations,2009 as amended, given that no trading of the equity shares of the Company had been done at CSE since the date of listing. CSE has grantedapproval for such voluntary delisting of the Equity Shares of the Company with effect from February 26, 2021.During the period 2020-21,... Read More