Purshottam Investofin Ltd Share Price

History of Purshottam Investofin Ltd

Purshottam Investofin Limited was incorporated in India on 04th November 1988, registered with Reserve Bank of India (RBI) as a Non-Banking Financial Company dated 14 May, 2003.The primary business of the Company is to provide Loan & making Investments. The Company is listed with the BSE Limited. During the period 2012-2013, the Company was involved in corporate restructuring under Section 391 and 394. The Scheme of Arrangement was approved by Hon'ble Delhi High Court vide dasti order dated 22 March 2013 and received the certified true copy of the same on 27 May 2013 as per the details: (a) Amalgamation of (1) Loire Impex Private Limited, (2) Rhone Sales Private Limited, (3) Omura Developers Private Limited and (4) Zeal Computech Private Limited with the Company; (b) Reduction of Post m ...erger issued and paid up capital of the Company by transferring 80% of its post merger to Securities Premium Account. (c) De-merger of Investment Business of the Company into Catalyst International Limited and (d) Reduction of post merger and post-demerger share capital of the Company and Catalyst International Limited, respectively. As per the Scheme of Arrangement approved by the Delhi High Court dated 22 March 2013, the issued, subscribed and paid up Capital of the Company reduced from Rs. 15,02,98,750/- to 20%. i.e. Rs.3,00,59,750/-. The remaining 80% capital. i.e. Rs.12,02,39,000/- was transferred to Securities Premium Account of the Company. The Company filed Form 21 for reduction of Capital with Registrar of companies and obtained the Certificate of Reduction of Capital on 23/07/2013. The Revised Capital of the Company after reduction stood Rs. 3,00,59,750/-. The Company has made an allotment of 3277600 equity shares of Rs. 10/- fully paid up on 14th August 2013 to the shareholders of the Transferor Companies, namely, Loire Impex Private Limited, Rhone Sales Private Limited, Omura Developers Private Limited and Zeal Computech Private Limited for consideration other than cash as per the scheme of Arrangement. The Investment Business of Rs. 3,45,40,000/- of the Company as defined in Clause 1.3 was transferred into Catalyst International Limited as per the Scheme of Arrangement approved by the Hon'ble High Court Delhi on 22 March 2013. During the year 2019, the company has taken loan worth Rs 13006429/- from Plus Corporate Ventures Pvt Ltd. and given loan to Plus Corporate Ventures Pvt Ltd., Beatle Trading Pvt Ltd., Marubhumi Dealer Pvt Ltd and Ms. Vinita Jain W/o Mr. Pramod Kumar Jain.