GLEN Industries Ltd Company Summary

GLEN Industries Ltd Summary

GLEN Industries Limited was originally incorporated as GLEN Stationery Private Limited as a Private Limited Company, with a Certificate of Incorporation dated October 05, 2007, issued by the Registrar of Companies, West Bengal. The Company name was later changed from GLEN Stationery Private Limited to GLEN Industries Private Limited on December 13, 2018. Subsequently, Company converted from a Private Limited Company to a Public Limited Company, and the name was changed to GLEN Industries Limited. A fresh Certificate of Incorporation was issued to our Company by the Central Processing Centre, Manesar, on August 09, 2024.The Company is engaged in the manufacturing of diverse range of Food packaging and Service Products primarily Thin Wall Food Containers, Polylactic Acid (PLA) Straws and Paper Straws all mainly supplied to the Hotel, Restaurant, and Caf/Catering (HoReCa) sector, Beverage industry and food packaging industry. The Company was originally incorporated as Glen Stationery Private Limited for manufacturing all kinds of stationery and printing materials. In 2012, the Company started sale of thin wall food containers in domestic market manufactured by Ostern Private Limited. In 2017, it purchased 1 acre plot at PPF-16 Poly Park, Dhulagarh, Howrah by acquiring company Flexi PVC Hose Pvt Ltd as a subsidiary company. In year 2019, Company commenced manufacturing operation of Thin Wall Food Containers with a production capacity of 195 MT/month and with constant expansion and up-gradation of technology, the capacity currently stands at 665 MT/month running at its maximum capacity.Further, Company diversified into manufacturing paper straws and PLA straws in 2019 with a modest capacity of 21.75 MT/month and 40.60 MT/month respectively. In 2022, it ventured into manufacturing of U shape straws for the beverage and dairy industry made from Paper and PLA. The product lineup is organized into two primary segments: a diverse range of Thin Wall Food Containers and a comprehensive selection of straws, including both PLA and Paper Straws.Ms/ Flexi PVC Hose Private Limited (100% subsidiary of Glen Industries Limited) has been amalgamated with the Company vide order dated December 23, 2022 passed by the Honble NCLT, Kolkata Bench.The Company is planning a public issue of 65,00,000 equity shares of face value of Rs 10 each thru fresh issue.