The company was incorporated as ‘Tanya Estate Private Limited’ on July 29, 2009 under the Companies Act, 1956 with the Registrar of Companies, Gujarat at Dadra and Nagar Haveli. The name of the company was changed from ‘Tanya Estate Private Limited’ to ‘Ashoka Metcast Private Limited’ and a fresh certificate of incorporation was issued on September 13, 2017 by the Registrar of Companies, Gujarat at Dadra and Nagar Haveli. Further, the status of the company was changed to a public limited company by a special resolution passed at a shareholders’ meeting on October 23, 2017. A fresh Certificate of Incorporation consequent upon conversion of company to public limited Company was issued on November 09, 2017 by the Registrar of Companies, Gujarat at Ahmedabad and consequently name of company was changed to ‘Ashoka Metcast Limited’.

Business area of the Company

The company is currently engaged in trading of structural steel products such as Round Bars, Flat Bars etc. and through their wholly owned Subsidiary, SGRM they are proposing to manufacture structural steel products like TMT bars, angles, channels, MS Bars etc. The company plans to leverage its group and promoter networks in the real estate and infrastructure space as well as strong balance sheet situation to increase its presence in the structural steel market of Gujarat and Western India. The company has commenced its trading operations in September, 2017. The company is in the process of building a structural steel focused trading vertical as well as developing a strong team to cater to its proposed increased operational needs.  

Further, the company has recently acquired 100% stake in Shree Ghantakarna Rolling Mills (making it its wholly owned Subsidiary Company). The Subsidiary Company owns a rolling mill having aggregate installed capacity of 12,000 tons; however the same has been non-operational for past 16 years due to internal financial constraints as well as market conditions. Post acquisition they have begun the process of revamping as well as expanding its production facilities and they intend to begin the production in April, 2018 with an aggregate installed capacity of 18,000 tons per annum. 

Major Events:

• 2009: Incorporation of the company as ‘Tanya Estate Private Limited’ under Companies Act, 1956.
• 2017: The name of the company changed from ‘Tanya Estate Private Limited’ to ‘Ashoka Metcast Private Limited’.
• 2017: Acquired 100% stake in ‘Shree Ghantakarna Rolling Mills Private Limited’, making it as their wholly owned Subsidiary Company.
• 2017: Conversion of the company from private to public i.e. from ‘Ashok Metcast Private Limited’ to ‘Ashoka Metcast Limited’.