Rajasthan Cylinders & Containers Ltd

Rajasthan Cylinders & Containers Ltd

Rajasthan Cylinders & Containers Ltd. is a public limited company incorporated on 24th December 1980. The company is into the business of manufacturing and selling LPG cylinders valves & regulators and renders refilling services of LPG Gas.In order to comply with the clause 40A of Listing Agreement which states that the Minimum Public Shareholding in listed company should be at least 25% of the total share capital Mr. Avinash Bajoria Mr.Ashutosh Bajoria and Mr. Krishna Gopal Bajoria ajoria (promoter/promoter group) divested their shareholding in the company by way of Offer for Sale (OFS) through BSE Ltd on July 23 2014. Consequently the public shareholding in the company has increased from 11.55% to 26.37% and the shareholding of promoters/promoter group has decreased from 88.45% to 73.63% during the fiscal year 2014-15.During the year 2014-15 the Company's equity shares got listed with BSE Ltd. with effect from October 16 2014 under the direct listing norms. The equity shares of the company are already listed with Jaipur Stock Exchange Ltd and Calcutta Stock Exchange Ltd. However the Jaipur Stock Exchange Ltd has been closed.During the Financial Year 2014-15 the company had given loan to its associate company worth Rs 128 lakhs Rs 15.52 lakhs to a Group Company Goyal Complex Pvt Ltd. and Rs 25 lakhs to other body corporate named Okay Plus JKD BuildMart Pvt. Ltd. for business purpose respectively.During FY 2014-15 the company had 3 associate companies viz. Agribiotech Industries Limited Shipra Towers Private Limited and Beetle Tie - Up Private Limited.The Board of Directors of the company at its meeting held on August 11 2016 decided to voluntary delist its equity shares from Calcutta Stock Exchange Ltd while continuing listing of its equity shares at BSE Ltd in accordance with the procedure laid down in SEBI (Delisting of Equity Shares) Regulations 2009 as amended from time to time.During FY 2017-18 the company had given loan to a Group Company GaneshKripa Land Developers Pvt Ltd of Rs 20 lakhs Rs 30 lakhs to Protect Vanijya Pvt. Ltd a Group Co. for business purpose and made investments in equity in its associate company Beetle Tie - Up Private Limited worth Rs 2 lakhs respectively.During the financial year 2018-19 the company had given loans to its Group Companies GaneshKripa Land Developers Pvt Ltd. of Rs 32.17 lakhs Rs 789.26 lakhs to Beekay Niryat Ltd. and Rs 3.64 lakhs to Protect Vanijya Pvt. Ltd. for business purposes respectively.