Global Pet Industries Ltd Company Summary

Global Pet Industries Ltd Summary

Global Pet Industries Limited was originally incorporated under the name Global Pet Industries Private Limited with the Registrar of Companies, Mumbai, Maharashtra on July 30, 2013. Subsequently, the status of Company was changed to Public Limited Company and the name was changed to Global Pet Industries Limited on April 24, 2023 issued by the Registrar of Companies, Mumbai, Maharashtra.The Company is engaged in manufacturing of PET Stretch Blow Moulding Machine which is suitable in business segment of Pet Stretch Blow Moulding Solutions from 50ml to 20 Litres of PET bottles such as fridge bottles, packaged drinking mineral water bottles, edible oil bottles, carbonated soft drinks bottles, hot fill juice bottles, liquid detergent bottles, cosmetic products bottles, confectionery jars, Pharma bottles, liquor & distilleries bottles, pesticides bottles, etc.Apart from manufacturing of PET Stretch Blow Moulding Machine, it provides after sales services such as providing spares, components, accessories and providing repairs and maintenance of the machines after delivery. The Company has two manufacturing facilities viz., Unit - 1 and Unit -2 situated at Village Waliv, Dhumal Nagar, Vasai (East), Palghar. Apart from these, the Company is engaged in manufacturing of product, Semi-Automatic Pet Stretch Blow Moulding Machine in Unit 2. Entire end to end process of manufacturing of the said product is completed in this Unit from assembling of raw materials to final conversion of raw materials to finished products. The Company acquired the ongoing business of M/s. Global Pet Industries, a Sole Proprietorship Firm of Promoter, Mr. Bipin Nanubhai Panchal through Assignment of Business Agreement on August 9, 2013 entered by and between the Promoter, Mr. Bipin Nanubhai Panchal and Company.The Company made an Initial Public Offer by allotting 27,00,000 Equity Shares of face value of Rs 10 each by raising funds through fresh issue aggregating to Rs. 13.23 Crore in July, 2023.