Kalyani Commercials Ltd Company Summary

Kalyani Commercials Ltd Summary

Kalyani Commercials Limited was incorporated in July, 1985. Company has obtained a Certificate of Registration from the Reserve Bank of India as Non-Banking Finance Company; vide Registration No 14.00928 dated June 2, 1998. Since 1989, the equity shares of the Company got listed on Delhi Stock Exchange Limited but got derecognized dated 19th November 2014. Pursuant to which, name of the Company was appearing on the Dissemination Board of BSE Limited (BSE). Further, the Company made an application for Direct Listing of 10,00,000 equity shares of Rs. 10 each to National Stock Exchange of India Limited (NSE) as per the Direct Listing Norms prescribed by NSE on 10th March 2016. Favorably, the Company got listed on NSE and therefore admitted to dealings on the Exchange w. e. f. February 13, 2017. During the year 2017, Ganganagar Vehicles Private Limited became a subsidiary of the company with effect from 28th November 2016. During the year 2017, Nekub Consultancy Limited and YYKS Buildcon Limited became wholly owned subsidiaries with effect from 15th March 2017 respectively. Company had 5 branches in Delhi and Kota both in FY 2017. In 2019, Company had 3 branches named, Ganganagar Motors (Kota), BPCL Filling Station and GD Automobiles in Rajasthan and Haryana both.The Company is actively engaged in the trading of Heavy Commercial Vehicles, Three Wheelers, and provides servicing for these vehicles as an authorized dealership of TATA and Bajaj. It has also ventured into the petroleum product sector and secured a dealership with Bharat Petroleum Limited. This strategic move enables them to distribute and market petroleum products, further diversifying their business portfolio.Initially Company was registered as a Non Deposit Accepting Non-Banking Finance Company (NBFC) with a Certificate of Registration (14.00928) from the Reserve Bank of India (RBI), the Company made a strategic decision to apply for the surrender of its NBFC status on the 28th of June, 2019. After a wait, the RBI granted approval to the Companys application for surrender, effective from the 22nd of May, 2023. As a result of this decision, the Company ceased its operations as an NBFC and is no longer involved in the acceptance of deposits. Instead, it currently conducts its primary business activities as a going concern, which include trading in Commercial Vehicles and operating as a Petroleum dealership with Bharat Petroleum Limited (BPCL).Additionally, the Companys commitment to operational excellence and cost-cutting initiatives is expected to yield positive outcomes in optimizing resources and driving financial efficiency.