Shree Tirupati Balajee Agro Trading Co. Ltd Company Summary

Shree Tirupati Balajee Agro Trading Company Limited was originally incorporated as Shree Tirupati Balajee Agro Trading Company Private Limited at Pithampur, Dhar, Madhya Pradesh as a private limited company under the provisions of Companies Act, 1956, pursuant to certificate of incorporation dated October 23, 2001. Upon the conversion of the Company into a public limited company, pursuant to the approval accorded by the Shareholders at their extra-ordinary general meeting held on November 20, 2023, the name of the Company was changed to Shree Tirupati Balajee Agro Trading Company Limited and a fresh certificate of incorporation consequent upon change of name upon conversion to public limited company was issued to the Company by the RoC on November 21, 2023.The company is engaged in the business of manufacturing and supply of Flexible Intermediate Bulk Container (FIBC) Jumbo Bag types, including Type D bags (static dissipative), Type C bags (conductive), UN Certified bags for hazardous goods transportation, food-grade and superior category bags, form-stable bags, sift- proof bags, multilayer liner bags, hard-walled/self-standing bags, anti-rodent bags, flame-retardant bags, drum bags, thermal insulated bags, patented Aeropolymesh bags, and asbestos bags. The Company also produces container liner bags, bags made from recycled PP (Post Industrial Recyclate), specialized PP woven bags, and BOPP printed small bags, catering to a diverse range of customer needs.

Flexible Intermediate Bulk Containers (FIBC) produced by. In 2002, Company commenced operations at Unit I for PP woven bags, fabric, belts, and tapes with a capacity of 1,440 MT per annum. It diversified the business into the production of Flexible Intermediate Bulk Containers (FIBC) in 2006, expanded with Unit II (10,000 sq.

mtr.) and Unit III in SEZ, Indore, with 6,000 MT per annum capacity in 2010, made operational Unit IV and Unit V with capacities of 720 MT and 1,632 MT per annum, respectively in 2011, increased Unit I production capacity to 10,200 MT per annum in 2012, commissioned Unit II Plant with an installed capacity of 4,000 MT per annum in 2014. The Company got merged with 8 Companies pursuant to order of the Honble National Company Law Tribunal, Indore Bench dated November 3, 2020. In FY22, the Unit II doubled its capacity from 4,000 MT to 8,000 MT per annum.

On 9 September 2024, Company launched the IPO aggregating an issuance of 2,04,40,000 equity shares of face value of Rs 10 each, by raising funds aggregating to Rs 169.65 crore, consisting a fresh issue of 1,47,50,000 equity shares aggregating to Rs 122.42 crore and the offer for sale of 56,90,000 equity shares aggregating to Rs 47.22 crores.