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Company Information

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MCON RASAYAN INDIA LTD.

21 November 2024 | 03:51

Industry >> Paints/Varnishes

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ISIN No INE0O4M01019 BSE Code / NSE Code / Book Value (Rs.) 24.84 Face Value 10.00
Bookclosure 29/09/2023 52Week High 244 EPS 3.56 P/E 46.88
Market Cap. 105.05 Cr. 52Week Low 105 P/BV / Div Yield (%) 6.71 / 0.00 Market Lot 1,000.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
Our Company was originally incorporated as `MCON Rasayan Private Limited' a private limited company under the Companies Act, 2013 at its registered office situated at Gala No.6, Bardanwala Estate, Opp. Malkani Tower, Near Dutt Mandir, Bandiwali Hill Road, Jogeshwari, Mumbai, Mumbai City, Maharashtra, India, 400102, pursuant to a certificate of incorporation dated September 22, 2016 issued by the Registrar of Companies Maharashtra at Mumbai("RoC"). Thereafter, the name our Company was changed from `MCON Rasayan Private Limited' to `MCON Rasayan India Private Limited', pursuant to a special resolution passed by the shareholders of our Company on September 23, 2022 and a fresh certificate of incorporation consequent to change of name was issued by the RoC on October 17, 2022. Thereafter, name of our Company was changed from `MCON Rasayan India Private Limited' to Mcon Rasayan India Limited' consequent to conversion of our Company from private to public company, pursuant to a special resolution passed by the shareholders of our Company on October 18, 2022, and a fresh certificate of incorporation consequent to change of name was issued by the RoC on December 12, 2022.The Company's Corporate Identity Number is U24304MH2016PLC286140

Major events and milestones:
2016
Incorporation of our Company.

2019
-Launch of flagship product "MCON Magic Coat PU"
-Achieved turnover of ? 650 lakhs

2021
Launch of MCON NSA Grey No Limit

2022
-Conversion of our Company from private limited to public limited
-Achieved turnover of ? 1900 Lakhs
-Obtained the certificate of conformity for Tile Adhesive identified by "CE"
-Renewed the IS certificate 15477: 2019 from the Bureau of Indian Standard
-Renewed the IS certificate 2645: 2003 from the Bureau of Indian Standard

2023 -Mcon Rasayan India Limited commencement of commercial production at new Unit of the Company.