Darjeeling Ropeway Company Ltd

Darjeeling Ropeway Company Limited is a public limited company incorporated in October 16, 1936. The company is taken over by new management in 2018 led by Mr. Himanshu Shah with its teammates having experience in the field of Construction in the state of Gujarat. It is engaged into the business of other financial income.The company issued 30,00,000 equity shares of Rs 10/ each amounting to Rs. 3,00,00,000/ on preferential basis to Non Promoters during the year 2015.The equity shares of Company are listed and admitted to dealings on the BSE Ltd with effect from 28 March 2016.During the period under review 201617, the company vide postal ballot got approval from shareholders of the company for shifting of the registered office from State of West Bengal to State of Maharashtra and then filed necessary petition with the requisite authorities for their consent and approval. The Registrar of Companies, Mumbai issued new certificate of incorporation evidencing the shifting of the registered office to Mumbai on 19th April 2017.During the year into consideration, the Company shifted its registered Office from State of West Bengal to the State of Maharashtra. The Registered Office of the Company was thus shifted to GF 17, Ground Floor, HDIL Harmony Mall, 1A/58, New Link Road, Goregaon (W), Mumbai 400104. Thereafter on 9th August, 2018, the Board of Directors of the Company further shifted the Registered Office of the Company to 104 Shreejee Darshan, Tata Road No. 2, Opera House, Mumbai 400 004. The Board on 9th August, 2018 also got the Corporate Office of the Company started at 811, Balaji Heights, Besides Tanishq Showroom, Nr. Bodyline Cross Road, Off. C. G. Road, Ahmedabad 380009 for ease in conducting business operations. An open offer was made by Mr. Himanshu Shah for acquiring Shares of the Company under Regulation 3 (1) 4 of the SEBI (SAST) Regulations, 2011. Pursuant to the said offer, Mr. Himanshu Shah acquired 9,87,673 fully paid Equity Shares and the offer was completed on 28th July 2018. Consequent to completion of open offer Mr. Himanshu Shah has become the promoter of the Company and the existing promoters have ceased to be promoters and their remaining holding, if any, has been classified as public holding. During the year 2018, voluntary delisting of the listed securities of the Company on Calcutta Stock Exchange Limited were granted by the Exchange and the Companys shares were delisted from the Exchange w.e.f. 28th March 2018.