| The Company was incorporated as SAAM INDUSTRIES LTD., on
17th February, 1994 with the Registrar of Companies, Madhya
Pradesh. The Certificate of Commencement of Business was
issued on 5th October, 1994. The name of the Company was
changed to SAM INDUSTRIES LTD., pursuant to Special
Resolution passed at the Extra Ordinary General Meeting
held on 30th August, 1994 and a fresh Certificate of
Incorporation was issued by the Registrar of Companies,
Madhya Pradesh on 6th October, 1994.
MAIN OBJECTS OF THE COMPANY
The main objects of the Company as stated in the Memorandum
of Association of the Company are as under:
1. To carry on the business of extracting oil/or other
products either by crushing or by chemical or any other
processes from til seeds, cotton seeds, soyabean seeds,
sunflower seeds, salseeds, linseeds, castor seeds,
groundnut seeds, rapeseeds, copra, mahua seeds or any other
nut or seed or other oil bearing substances whatsoever.
2. To carry on business of manufacturers, refiners,
importers and exporters of and dealers and merchants in
copra, cotton seed, linseed, castorseed, soyabean seed,
sunflower seed, groundnuts or any other nut or seed or oil
bearing substances whatsoever and oils, cakes manufactured
therefrom, makers and manufacturers of cattle feeds,
nutrients, edible flour, textured foods, protein enriched
foods and feeding and fattening preparations of every
description and millers and flour merchants.
The main objects of the company enables it to undertake the
proposed activities for which the funds are being raised
from the present issue.
SUBSIDIARIES OF THE COMPANY
The Company, at present, does not have any subsidiaries.
There are no pending litigations/disputes, defaults,
overdues, to Financial Institutions/Banks or in respect of
payments of statutory dues or proceedings initiated for
economic offenses against Promoters/Companies promoted by
Promoters.
There are no conflicts of interest between the proposed
business of this company and that of any of the group
companies.
The company has during the period of construction purchased
welding electrodes for Rs.3.37 lacs from one of the group
companies viz. Dwekam Electrodes Limited. Other than this
there has been no business transactions with any of the
group companies.
The company has no proposals at present to invest in/engage
in business transactions with any of the companies where
the promoters/directors of the company have any interest.
2013
- Registered Office of the Company has been shifted from 408, Dalamal Chambers, 29, New Marine Lines, Mumbai - 400 020 to Office No. 401, 4th Floors, Dalamal Chambers, 29, New Marine Lines, Mumbai - 400 020, Maharashtra,
2014
-The Board has approved appointment of Mr. Kishore Kale, as an additional director on the Board of the company.
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