The Right Issue Committee while reviewing in relation to first and final call of partly paid-up Equity Shares of the Company in respect of 49,62,22,210 partly paid-up equity shares of face value Rs. 1/-, Committee noticed that large group of the shareholders of the Company have not made the payment of First and Final call amount. Therefore, the committee has decided to give another opportunity to the shareholders holding Partly Paid up Equity Shares, who have not paid the First and Final Call money, to pay the First and Final Call of Rs. 0.75 per share by 20th August 2023 without any interest charges. Any payments made after 20th August 2023 (till 28th August 2023), will be subject to an interest rate of 15% per annum. Also, the Shareholders are requested to note that the final date for payment of the First and Final Call money due amount is 28th August 2023, after which the partly paid shares and earlier amount paid shall be Forfeited.
CLICK HERE to view the FINAL REMINDER FOR FIRST AND FINAL CALL dispatched to all eligible shareholders by email and/or post
CLICK HERE to view the ANNEXURE 1 to the above notice for Detailed Instructions
CLICK HERE to view the ANNEXURE 2 to the above notice for Payment Slip
Introduction
Maharashtra Corporation Limited is a BSE Listed enterprise involved into business of Commodity Trading & Real Estate. Incorporated in 1982, the Company is listed on the Bombay Stock Exchange. The Company completes its 40 years in November, 2022.
About the Company
Our Company was originally incorporated on November 24, 1982, as ‘Maharashtra Industrial Leasing and Investments Limited’ under the provisions of the Companies Act, 1956, with the Registrar of the Companies, Mumbai, Maharashtra. The Company changed its name to ‘Maharashtra Overseas Limited’ and the certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Maharashtra, Mumbai on May 31, 2006. Subsequently, the name of our Company was further changed to ‘Maharashtra Corporation Limited’ and a fresh Certificate of Incorporation pursuant to change of name was issued by the Registrar of Companies, Mumbai on March 23, 2011.
Our Company is engaged in the business of investing, trading, and distribution of textiles products, such as gunnies, handicrafts, hessian, tea, shellac, tobacco, hides, skins, kapocks, cotton, cotton goods, myrobalan, nux, indigo, oils, oilcakes, fertilizers, manure, rubber, dates, rice, seeds, chemicals, colour, paints, pigments, timber, iron, steel, carpets and all kinds of goods, products, commodities, articles and things manufactured from or containing in any manner and from any of the foregoing commodities and all goods, products, commodities, articles and things.
Our Company has vide Board Resolution dated December 13, 2021 proposed to enter in to the business of purchase any movable or immovable property or any right or interest therein either singly or jointly or in Partnership with any person(s) or Body corporate or partnership Firm or to enter into Joint Venture or Understandings or on contractual basis or to act as agents to develop and construct industrial, commercial, residential, or farm lands, plots, buildings, houses, apartments, flats or areas within or outside the limits of Municipal Corporation or other local bodies, anywhere within the Domain of India or outside India, to divide the same into suitable plots, and to rent or sell the plots for building/constructing shopping malls, residential houses, bungalows, villas, business premises, industrial parks and colonies and rent or sell the same and realize cost in lumpsum or easy instalments or by hire purchase system and otherwise. The same proposal has been approved by the shareholders through Special Resolution at an Extra Ordinary general Meeting of the Equity Shareholders of Maharashtra Corporation Limited held on January 29, 2022.
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