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Chandra Prabhu International > Company History > Trading > Company History of Chandra Prabhu International - BSE: 530309, NSE: N.A
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Chandra Prabhu International
BSE: 530309|ISIN: INE368D01017|SECTOR: Trading
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Company History - Chandra Prabhu International
The Company was incorporated as a Private Limited Company on 29.11.84
 as Chandra Prabhu Services Private Limited having its registered
 office at New Delhi.  The Company became a deemed Public Limited
 Company under Section 43A of the companies Act, w.e.f 01.05.85 and
 received a amended
 certificate of incorporation.  Subsequently the company has passed a
 special resolution on 22.5.1985 for deleting the restriction clause
 in Articles of Association under section 3(1)(iii) of the Companies
 Act, 1956 and as such company became fully Public Limited Company
 within the
 meaning of Section 3(1)(iv) of the Companies Act, 1956.  The name of
 the Company was thereafter changed to Chandra Prabhu International
 Limited and a fresh Certificate of incorporation consequent to change
 of name was obtained on 22.08.94.
 
 Since its inception till 1989, the company was mainly engaged in
 financing to body corporates and non-body corporates and surplus
 funds were invested in shares & securities.  In 1989, to broadbase
 its activities,it diversified into trading of merchandise
 goods/commodities.  It started with trading in Oxygen gas cylinders
 but found it also not to be profitable.  Hence in 1990-91 if took up
 trading in clothes and potatoes.  Now the company has identified as
 exports of garments and home furnishings etc. and trading in coal and
 synthetic rubber as a major thrust area.  To achieve these objectives,
 the then Directors were replaced by a team of experienced people
 having more than 10 years of experience in the field to look after
 day to day affairs of the company.  So as to synchronise the name of
 the company with the activities now to be taken up, the name was
 changed to Chandra Prabhu International Limited.
 
 The company had purchased 3,74,250 shares of Hilton Rubbers Ltd.
 from
 its foreign collaborators at a price of Rs. 5.23 per share as
 decided
 by Reserve Bank of India during the year 1996-97.  The company has
 also acquired 49,042 shares of Hilton Rubbers Ltd. through the public
 offer as per approval of Securities and Exchange Board of India.  As a
 consequence of this acquisition of shares, both the companies have
 same management.
 
 
 2003
 
 -The company's  equity shares are delisted  from Delhi & Jaipur Stock
 Exchanges.
 
 2005
 
 -Dlist from The Delhi Stock Exchange Association Ltd (DSE) with
 effect from January 20, 2005.
 
 2008
 
 - E-mail ID for Investors Complaints:investorgrievance@cpil.com.
 
 2010
 
 - Board recommends Final Dividend of 10%.
 
 2012
 
 -Mr. Akash Jain has been reappointed as Managing Director of the
 Company.
Source : Dion Global Solutions Limited
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