The Company was originally incorporated as a public limited company under the name and style of "Peacock Continental Limited" at Udaipur, Rajasthan, under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated April 20, 1992 issued by the Registrar of Companies, Jaipur Rajasthan bearing number 17- 06657 of 1992-93.We commenced commercial operations pursuant to a Certificate of Commencement of Business dated November 04, 1992. The name of the company was changed to "Sah Polymers Limited" pursuant to a special resolution passed in the Extra Ordinary General Meeting held on July 22, 1998. Consequent upon change of name a fresh Certificate of Incorporation dated July 24, 1998 was issued by Registrar of Companies, Jaipur, Rajasthan. The Corporate Identification Number of the company is U24201RJ1992PLC006657.
KEY EVENTS AND MILESTONES IN THE HISTORY OF THE COMPANY : 1992 - `Peacock Continental Limited" started its journey to manufacture plastic goods as per the Object clause of MOA.
1998 - Takeover of Assets, rights, comprising of land, building , plant and machinery etc. on going concern basis from Peacock Industries Limited pursuant to business Purchase agreement dated 23rd July 1998. - Change of name from Peacock Continental Limited to Sah Polymers Limited - Transfer of erstwhile lease agreement of E-260-261 Mewar Industrial Area Madri Udaipur -313003, Rajasthan, with Rajasthan State Industrial Development & Investment Corporation Ltd. from Peacock Industries Limited to Sah Polymers Ltd.
2015 - SAT industries Limited, listed on BSE Ltd. acquired 85,21,430 shares representing 54.63% of shareholding of the company from the shareholders viz. Lion Houseware Private Limited, Park Continental Limited and Sat Invest Pvt. Ltd. Thereafter Sat Industries Limited has been identified as the Corporate Promoter in certain Public filings of the Company. - The Company exported products to Poland amounting to Rs. 3,38,49,314.18 which constituted 7.96% of total turnover of about Rs. 42,54,92,555.87
2019 - Amalgamation of the wholly owned subsidiary, Sat E-Com Limited (SEL) with the Company under section 233 of the Companies Act, 2013, by Order number (02)/2020- 21/753 dated 21/08/2020 of the Regional Director, North Western (RD-NW), Ministry of Corporate Affairs, Ahmedabad subject to all the necessary statutory / regulatory approvals.
2022 - Acquisition of 33,884 equity shares aggregating to 51.01% of paid up capital of Fibcorp Polyweave Private Limited by way of transfer and rights issue pursuant to which it became the Subsidiary on January 05, 2022.
2023 -Company successfully commissioned its Flexible Intermediate Bulk Containers (FIBC) plant and commenced commercial production at Village Modi ,Dist. Udaipur.
2023
-Company has successfully commissioned its Flexible Intermediate Bulk Containers (FIBC) plant and commenced commercial production.
2025
-The Company name has changed from Sah Polymers Ltd. to Aeroflex Neu Ltd.
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