Summary
Welcon International Limited (Formerly known as Sinner Energy India Limited) was incorporated in November 10, 1995. The company is engaged in activities of construction business and information technology activities. The shares of company i.e.20,29,800 equity shares of Rs.10/- got listed on Bombay Stock Exchange Limited (BSE Ltd) through Direct Listing route and got the trading approval from BSE Ltd with effect from 23rd October, 2015.In order to improve liquidity of the Companys shares at Stock Exchanges and make it affordable to small investors, the Board of Directors of the Company, in their meeting held on 13th August, 2016 have approved sub-division of nominal value of Equity Shares of the Company of Rs.10/- each into smaller denomination of Re.1/- each, subject to approval of Members. The equity shareholders at their Annual General Meeting held on 30th September, 2016 passed an Ordinary Resolution for sub division of shares. Subsequently the shares of the Company were split on 22 October 2016.The Board of Directors at their Board Meeting held on 09th June 2018 considered a proposal for diversification into areas, which would be more profitable for company as a part of diversification plans. The Board of Directors thought it prudent to engage in construction business and Information technology activities. For this purpose the main object clause of the company, which was restricted only its scope of commodity trading and distribution was required to be so made out to... Read More
Reports by Muzali Arts Ltd
Reports by Muzali Arts Ltd
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