Company’s Overview

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.