History and Background
The Company was originally incorporated at Kolkata as Diksha Timber Private Limited on 21stJuly, 2004 under the provisions of the Companies Act, 1956, with the Registrar of Companies Kolkata. Subsequently the Company changed its name from Diksha Timber Private Limited to Diksha Greens Private Limited vide Certificate of Incorporation pursuant to name change dated 29th November, 2017 and again the Company was converted into a Public Limited Company and the name of the Company was changed to Diksha Greens Limited vide Certificate of Incorporation consequent upon Conversion from Private to Public Limited Company dated 06th February, 2018.
The Company had filed an application for amalgamation in terms of Section 391-394 of the Companies Act, 1956 in the year 2014 between Diksha Exim Private Limited and Wizard Vincom Private Limited with Diksha Greens Limited (Erstwhile Diksha Timber Private Limited). The said scheme of amalgamation was proposed to consolidate the group structure and provide for overall business efficiently to combine their managerial and marketing strength, to streamline administration, to build a wider capital and financial base and to promote and secure overall interest and growth and economies of all companies concerned. The scheme would result in reduction in overheads and other expenses, reduction in administrative and procedural work and better and more efficient utilization of restheces and enable the business of the company to be run, controlled and managed more economically, conveniently and adventurously etc.
The High Cthet at Calcutta vide its order dated 14th May, 2015 approved the said scheme of Amalgamation under Section 391 - 394 of the Companies Act, 1956. Pursuant to the said order, with effect from the appointed date i.e. 1st April, 2014, the transferor companies i.e. Diksha Exim Private Limited and Wizard Vincom Private Limited was amalgamated with the company, and all the movable properties, assets and rights in the movable properties in the transferor company, whether freehold or leasehold and all documents of title, rights and easements in relation thereto, was transferred to and vested in the company.
Pursuant to the said scheme, the Company had issued and allotted 2,94,990 Equity Shares to the Equity Shareholders of Diksha Exim Private Limited (DEPL)and Wizard Vincom Private Limited (WVPL)on 15th March 2017 in the ratio of 4:14(Fthe new Equity shares in the Transferee Company(Diksha Greens Limited erstwhile Diksha Timber Private Limited) credited as fully paid up for every Ftheteen shares held in DEPL) and 5:114(Five new Equity shares in the Transferee Company(Diksha Greens Limited erstwhile Diksha Timber Private Limited) credited as fully paid up for every One Hundred Ftheteen shares held in WVPL) respectively.
Key Milestones
2004
- Incorporation of the Company vide Certificate of Incorporation dated 21st July, 2004
- Started commercial activity with trading of Timber products
2005
- Started saw mill on rented premises and machineries
2006
- Started importing of wooden logs and timbers from different countries
2008
- Setting up of own saw mill and machineries
2013
- Started manufacturing of veneer sheets
2015
- The High Cthet at Calcutta vide its order dated 14th May, 2015 approved the scheme of Merger/Amalgamation filed by the Company under Section 391-394 of the Companies Act, 1956. Pursuant to the said order the, with effect from the appointed date i.e. 1st April, 2014, the transferor companies i.e. Diksha Exim Private Limited and Wizard Vincom Private Limited was amalgamated with the company, and all the movable properties, assets and rights in the movable properties in the transferor company, whether freehold or leasehold and all documents of title, rights and easements in relation thereto, was transferred to and vested in the company.
2017
- Change of name of the Company from Diksha Timber Private Limited to Diksha Green Private Limited vide Certificate of Incorporation pursuant to name change dated November 29, 2017
2018
- Conversion of the Company from Private to public vide Certificate of Incorporation consequent to conversion dated February 06, 2018
- Acquisition ofa functional multipurpose cold storage located at Village& PO Dwarbasini, JL no: 89, PS Pandua, District Hooghly-712149, West Bengal, India having capacity of 5000 MT with two pre cooling chambers and reefer vans towards storage of seasonal produce from various parts of the country and abroad.
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