Shivalik Rasayan Ltd

Shivalik Rasayan Limited was registered with the ROC, Gwalior, Madhya Pradesh dated 16 March 1979. The company shifted its registered office from Madhya Pradesh to Uttar Pradesh in February 23,1980. The Company is manufacturer of organophosphate insecticides such as Dimethoate Technical and Malathion Technical.During the year 2016, the Company acquired 44.12% equity shares of M/s Medicamen Biotech Limited in accordance with the Share Purchase Agreement with Promoters of M/s Medicamen Biotech Limited. The company took over the full management control in Medicamen Biotech Limited on 1st January 2016. M/s Medicamen Biotech Limited is a Pharmaceutical manufacturing company having its manufacturing facilities at Bhiwadi (Rajasthan) and Haridwar (Uttarkhand).During FY201718, the company increased paid up capital from Rs.3,42,00,000/ divided into 3420000 equity shares of Rs 10/ each to Rs 4,20,80,000/ divided into 4208000 equity shares of Rs 10/ each by issuing 7,88,000 convertible warrants into equity shares on preferential basis to promoter group and Nonpromoter group.During the year 201819, the Company subdivided its equity shares having face value of Rs. 10/ each into 2 fully paidup Equity Shares having face value of Rs. 5/ each. Further, the Company allotted 21,04,000 equity shares as fully paidup bonus shares in the ratio of 1:4 to its shareholders on April 23, 2018, pursuant to a resolution passed by the shareholders on April 10, 2018 through postal ballot.