Bansal Multiflex Ltd. Company History and Annual Growth Details

The Company was originally incorporated as Bansal Tradeworld Private Limited at Ahmedabad, Gujarat as a Private Limited Company under the provision of Companies Act, 1956 vide Certificate of Incorporation dated November 27, 2013 bearing Corporate Identification Number U52100GJ2013PTC077651 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. The name of the Company was changed to Bansal Multiflex Private Limited on August 24, 2016 vide a fresh Certificate of Incorporation issued by the Registrar of Companies, Ahmedabad, Gujarat.Subsequently the Company was converted into a public limited company pursuant to special resolution passed by the members in extraordinary general meeting held on August 17, 2016 and the name of the Company was changed to Bansal Multiflex Limited vide a Fresh Certificate of Incorporation dated September 01, 2016, issued by Registrar of Companies, Ahmedabad Gujarat. On March 25, 2017 the Company acquired the business of proprietorship concerns of the promoters Anup Bansal and Suman Bansal viz. M/s. Bansal Enterprises and M/s. Ayush Marketing, respectively through slump sale agreement. Consequently business of these proprietorship firms were merged into Bansal Multiflex Limited, covering trading of two different products ranging from fabric to chemicals like Acid Slury (LABSA),AOS Chemicals, Caustic Flakes, Caustic Soda Flakes. The Corporate Identification number of the Company is U36100GJ2013PLC077651. Anup Bansal, and Suman Bansal are the promoters and initial subscribers to the Memorandum of Association of the Company. subscribing 5,000 equity shares each.
The Company is engaged in trading of grey cloth, different type of fabrics, varieties of finished fabrics and different type of chemicals primarily used in making detergent and soaps. We engage services of third party job workers for processing of Grey cloth which includes dyeing, bleaching, printing, drying etc. We trade the finished product to garment houses for manufacturing of garments in the apparel industry. the Product portfolio comprises of wide range of fabrics Grey fabric, Cotton Fabric, Twill Fabrics, Satin Abrics, Slub Satin Fabrics, Cotton Slub fabrics, Dobby fabrics, Meti fabrics, Jute Fabrics, Denim Fabric, Xford Fabrics, Rencho Fabrics, Micro Cotton Fabrics and Raymond Cotton Fabrics under the spectrum of fabric and like Acid Slury (LABSA),AOS Chemicals, Caustic Flakes, Caustic Soda Flakes under the range of chemicals.

KEY EVENTS AND MILESTONES IN THE HISTORY OF THE COMPANY

The following table sets forth the key events and milestones in the history of the Company, since incorporation:

2013

-Incorporation of the Company as Bansal Tradeworld Private Limited

2016

-Change In Name of the company from Bansal Tradeworld Private Limited to Bansal Multiflex Private Limited

-Change In Name of the company from Bansal Multiflex Private Limited to Bansal Multiflex Limited pursuant to conversion of company from Private Limited to Public Limited

2017

-Company took over the business of proprietorship concerns of the promoters Anup Bansal and Suman Bansal viz. M/s. Bansal Enterprises and M/s. Ayush Marketing, respectively. Consequently business of these proprietorship firms were
merged into Bansal Multiflex Limited construing it as diversified business model, covering trading of two different products ranging from fabric to chemicals.

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