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Country Condos > Company History > Pharmaceuticals > Company History of Country Condos - BSE: 531624, NSE: COUNCODOS
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Country Condos
BSE: 531624|NSE: COUNCODOS|ISIN: INE695B01025|SECTOR: Pharmaceuticals
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Company History - Country Condos
The Company was originally incorporated as private limited 
 company on 25.09.87 and was subsequently converted into a 
 Public Limited Company on 22.08.88.
 
 The business Company was originally formed as a partnership
 firm under the name Indocure Therapeutics.  The firm 
 acquired a sick pharmaceutical Industry, through auction, 
 from APSFC.  The name of the sick Industry acquired is 
 M/s Pam Industries and it was acquired in December 1985 by 
 M/s. Indocure Therapeutics, a partnership firm at a coat of 
 Rs. 3.60 lacs through auction from APSFC under section 29 of 
 SFCs Act and no liabilities/sickness of the sick industry 
 were transferred to the firm.  The names of the partners of 
 M/s Indocure Therapeutics were Mr. P Sambasiva Raju and 
 Mr. D. Krishna Kumar Raju and are also promoter directors of 
 the company.  Subsequently Mr. P Sambasiva Raju has resigned 
 as director for personal reasons.  No revaluation of the 
 fixed assets took place at the time of take over.  The firm 
 was taken over by Neocure Therapeutics Pvt. Ltd. on 
 25.09.87.  The company has commenced its commercial 
 operations on 5.11.1987 during the initial years of 
 operation, the company could not do well due to insufficient 
 working capital funds.  In 1989, the Board of Directors was 
 reconstituted.
 
 2000 - The Company has decided to issue further 60 lakhs No. of
 equity
        shares of Rs 10 each as per SEBI Guidelines on preferential
 issue
        to select group of persons viz., promoters, friends,
 relatives,
        distributors, etc.
 
 2007
 -Registered Office of the Company has been shifted From #12-1-331/27,
 Dattatreya Colony, Asif Nagar (South), Hyderabad-500 028 To # 8-2-703,
 Mahogany Complex, Ground Floor, Amrutha Valley, Road No. 12, Banjara
 Hills, Hyderabad - 500 034. A.P
 
 2008
 
 - Company name has been changed from Neocure Therapeutics Ltd to
 Country Condos Ltd.
 
 2009
 
 -Country Condo's has given the Bonus in the Ratio of 2:1
 
 2012
 
 - The name and trading symbol of the company be and is herby changed
 w.e.f. August 31, 2012. From M/s. Neocure Therapeutics Limited to
 M/s. Country Condo's Limited.
 
Source : Dion Global Solutions Limited
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