| The Company was incorporated as a private limited company on 30th March, 1973 in the State of Punjab. The Company's registered office was shifted to Maharashtra in 1974.
The Company became a deemed public limited company on 1st July, 1989 by virtue of its turnover exceeding the limits then specified in Section 43A of the Act. At the Extraordinary General Meeting of the Company held on 28th September, 1991, the Company was converted into a public limited company and a fresh certificate of incorporation was obtained from the Assistant Registrar of Companies (Maharashtra), Bombay on 20th January, 1992.
The Company is presently engaged in manufacture of Cold Finished Steel Bars (commonly known as Bright Bars) at its plant at New Bombay in Maharashtra having an annual installed capacity of 9,500 MTs.
MAIN OBJECTS OF THE COMPANY
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To manufacture and deal in engineering goods, machinery tools and any components, accessories thereof.
To carry on the business of manufacturers, repairers, processors, importers, exporters of and dealers in metals (ferrous and non-ferrous) and metal articles of all kinds, articles for lighting and heating purposes, forging press, structurals and rolling works of all kinds, furnace equipment plates, sheets, rods, bars, flats, structurals and other shapes and sections, ingots, tubes, boilers, turbines, dynamos, motors, presses implements, gears, drill and other tools, bolts, nuts, hooks, sleepers, and fasteners.
To carry on business of manufacturing, rolling and processing of all kinds of steels, ferrous and non-ferrous ingots, billets. To carry on the business of manufacturers, importers, exporters and dealers in metallurgical product brass, copper, bronze, lead, zinc, aluminium and other ferrous and non-ferrous foundries, rolling mills and sugar mills machinery, agricultural implements and all kinds of machinery and tools and parts thereof.
To purchase or otherwise acquire any lands, houses, offices, work shops, buildings and premises.
To organise competitions, exhibitions and award prizes.
2003
- Grand Foundry Ltd has informed BSE that Mr Mukul B Jangla and Mr Nitin B Jangla have resigned from the Board of Directors wef November 26, 2002.
2004
-Grand Foundry Ltd has informed that it is in the process of finalising an export order worth Rs 50 million from Xiang Corp, China for supply of Stainless Steel Bars. The Company is planning major expansion whereby the current production of 4000 tonnes will be increased to 8000 tonnes.
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