Our Company was incorporated as "Kanpur Packaging Machines Limited", a company limited by shares, under the Companies Act, pursuant to a certificate of incorporation dated June 5, 2023, issued by the Registrar of Companies, Central Registration Center. Lohia Trade Services Limited (erstwhile Lohia Corp Limited) ("LTSL" or the "Demerged Company"), along with our Company had filed a joint petition for the sanction of the scheme of arrangement among our Company, the Demerged Company and their respective shareholders and creditors, pursuant to which the Demerged Company's Core Undertaking was demerged and vested into our Company (such demerger scheme, the "Scheme of Arrangement"). The Scheme of Arrangement was approved by the National Company Law Tribunal, Allahabad Bench at Prayagraj (the "NCLT") through its order dated April 16, 2024, with the appointed date of the Scheme being April 1, 2024 (the "Appointed Date"). The NCLT order sanctioning the Scheme of Arrangement was filed with the Registrar of Companies, Uttar Pradesh, at Kanpur on May 1, 2024, being the effective date of the Scheme of Arrangement (the "Effective Date"). Pursuant to the Scheme of Arrangement, the name of our Company was changed from Kanpur Packaging Machines Limited to Lohia Corp Limited and a certificate of incorporation pursuant to change of name dated June 6, 2024, was issued by the Registrar of Companies, Central Processing Center. Further, pursuant to the Scheme of Arrangement the name of the Demerged Company was changed from Lohia Corp Limited to LTSL. LTSL was subsequently renamed as "Lohia Trade Services Private Limited" and was thereafter renamed to its present name, "LTS Holdings Private Limited". Further, the Demerged Company filed a draft red herring prospectus dated September 29, 2022, with SEBI in relation to an offer of its equity shares, and it is clarified that our Company is not the same legal entity as the Demerged Company.
The Demerged Undertaking of LTSL (then known as, Lohia Corp Limited) consisting, among others, all assets including movable and immovable properties, investments in similar assets or businesses and all liabilities relating thereto and investments by the Demerged Company in its five erstwhile subsidiaries, namely, SIPL, Leesona Corp., Lohia Global Solutions S.A., LDB and Lohia FZE was transferred to our Company on a going concern basis with effect from April 1, 2024, through the Scheme of Arrangement.
Major Events and Milestones: 1981 - Incorporation of Lohia Starlinger Private Limited - Entered into technical cum financial collaboration with Maschinenfabrik Starlinger & Co., a company incorporated in Austria, for grant of exclusive right to manufacture machinery required for the production of PP/HDPE woven sacks in India
1983 - Introduced circular weaving machine
1984 - Entered into a foreign collaboration with Maschinenfabrik Windmoller & Holscher, for grant of exclusive right to manufacture and market "Extrusion Coating and Laminating Equipment and Machinery to Produce Polyolefine Tapes" in India
1985 - Set up of technical textile machinery parts and assembly under the name "Precitex Component Manufacturing Company"
1992 - Renewal of recognition accorded to in-house R&D unit by the Department of Scientific & Industrial Research Ministry of Science and Technology, Government of India
2004 - Launched "Spin Draw Wind Machine" under the model name "Lofil"
2012 - Started "Technical Training and Research Centre" at Kanpur - Launched valve bag converting machine model under the product name "Valvomatic"
2019 - Manufactured and sold first recycling machine - Acquired the assets of Leesona Corp., a company engaged in the design and manufacture of equipment to handle synthetic fibre - Launched block bottom valve bag converting machine model "Blokomatic" - Set up Lohia Packaging Solutions, a division of the Demerged Company as a "live experience center" for prospective customers to learn and experience the latest technology for Raffia production
2020 - Established Lohia FZE, to engage in the business of industrial plant equipment and spare parts.
2021 - Incorporation of our Subsidiary SIPL, and transfer of assets of Sundarlam Industries, Bengaluru, which was previously engaged in the business of manufacturing and selling of lamination plants for both raffia and nonraffia industries to our Subsidiary, SIPL.
2024 - Acquisition of assets of JJ Jenkins Incorporated, by our Subsidiary, Leesona Corp. - Incorporated OMGM, our Subsidiary in Italy, focused on manufacturing extrusion plants for producing technical monofilament - Pursuant to the terms of the Scheme of Arrangement between the Demerged Company and our Company, the Transferred Group, along with all the assets including moveable and immoveable properties, investments in similar assets or businesses and all liabilities relating thereto of the Demerged Company were transferred to our Company
2026 - Our Company was a platinum sponsor at the "Plastindia 2026"
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