Grovy India Ltd

Grovy India Limited was incorporated in July 23, 1985. The Company is engaged into the business of development of property and trading in shares, commodities, currencies and other financial instruments. During the year 2016, the name of the Company has been changed from Grovy Exports and Marketing Limited to Grovy India Limited after complying with all provisions under Companies Act 2013 and by passing the Special Resolution in the Extraordinary General Meeting of the Company held on 28th April 2015. Further pursuant to name change there has been also alteration in the Memorandum of Association of the Company. The shares of the company have been listed on BSE Limited w.e.f. 30th December 2015 in the list of XT Group Securities through direct listing.During FY17, the Company opened an account with Ganesh Stockinvest Private Limited Ganesh Commodities Private Limited for trading of shares, commodities and other financial instruments like mutual funds etc.During the year 2018, the Company earned Rs. 62,198,166 from the shares trading business.In FY2018, the Company, Grovy India Limited has filed an application with BSE Ltd for amalgamation u/s 230232 of Companies Act, 2013, Grovy India Limited being the transferee company and Ankur Buildtech Private Limited, Ganesh Contractors and Colonisers Private Limited and Ganesh Promoters Private Limited being the transferor companies. The Scheme of Amalgamation and Valuation report have already been filled with BSE Ltd. along with other documents.The Board of Directors of the Company in its meeting held on February 15, 2018 approved a Scheme of Amalgamation of Ankur Buildtech Private Limited (Transferor Company 1), Ganesh Contractors Colonisers Private Limited (Transferor Company2), Ganesh Promoters Private Limited (Transferor Company 3) with Grovy India Limited (Transferee Company) and an application was moved before the Honble NCLT Principle Bench, Delhi for amalgamation of respective companies, with a view of Consolidation of business, enhancement of Competitive strengths and overall operational synergy. The final order for approving the said Scheme of Amalgamation is pending at Honble NCLT Principle Bench, Delhi.During the year 2019, the Issued, Subscribed and Paid up Capital stands at 14,00,000 Equity Shares of Rs.10/ each aggregating to Rs. 1,40,00,000/.