Company History - Faze Three
1985 - The Company was incorporated as Private Limited Company on
January, with the Registrar of Companies, Maharashtra at
with the main object of carrying on the business of
and exports of cotton handloom, furnishing fabrics and
- The Company has its own handloom unit at Panipat, Haryana
on an area of 16,900 sq. mtrs. with the facilities to
in-house products of Jacquard Looms, Frame Looms, Pitlooms,
Looms, Handtuffted looms and a Dye House with a capacity of
- The Company was promoted by Mr. Ajay Anand.
1994 - The Company became a Public Limited Company on 27th January,
under the provisions of Section 43 A(1A) of the Act. The
was subsequently converted into full fledged Public Limited
Company by a Resolution passed under Section 31 of the
Act, 1956 at the Extra-ordinary General Meeting, held on 27th
- The Articles of Association of the Company were suitably
and a revised Certificate of Incorporation was obtained from
Registrar of Companies, Maharashtra at Mumbai on 15th
1995 - The Company proposes to set up state of the art plant at Goa
manufacture Jacquard Furnishing fabrics and made-ups under
concessional duty scheme with an installed capacity of 11.66
lakhs sq. mtrs.
- The Company Public Issue of 10,55,000 No. of Equity Shares of
10/- each for cash at a premium of Rs. 110/- per share
aggregating to Rs. 12.66 crores.
1997 - The company was to originally set up its manufacturing unit
Goa, but due to some procedural delays shifted the venue of
Silvassa in Gujarat which provided certain backward area
1998 - The Company is planning to formally list its shares on the
National Stock Exchange after which the investors will have
better liquidity for their investments. The Shares of the
Company are rarely being traded in Ahmedabad and Delhi Stock
Exchanges, the Company is proposing for voluntary delisting
its shares in these exchanges.
1999 - The Company has entered into a Scheme of Arrangement for
off Dadra (Union Territory) manufacturing unit with Aunde
Three Autofab Ltd., a Joint venture of Faze Three Exports
and Aunde Achter & Ebels GmbH.
-The Company established new rubber backed bathmat plant with 8
-Faze Three receives Gold Medal & Sliver Trophy from Ministry of
-Faze Three receives order worth Rs 160 mn from Target Stores
-Faze Three secures order worth Rs 18 crores from Walmart Stores,
-Faze Three goes into JV with Whitley Willows, UK
-Faze Three has given the Bonus in the Ratio of 3:2
-Company has splits its Face value of Shares from Rs 10 to Rs 2
-The Company has alloted bonus in the Ratio 3:2.
-The Company recommended Dividend @ 10% on Equity Shares of Rs 2/-
-Faze Three receives order from Walmart Stores
-The Company has formed a subsidiary in U.S.A. called FAZE 3 USA,
-Faze Three Acquires 76% in Pana Textile GmbH.
-Company has Consolidates its Face value of Shares from Rs 2 to Rs
-The Company designated email i.d. exclusively for grievance
redressal division / compliance officer.