Diksha Greens Ltd share Price

Diksha Greens Limited was originally incorporated as a private limited company with the name ` Diksha Timber Private Limited` on 21stJuly, 2004. Subsequently the name of the Company was changed from Diksha Timber Private Limited to Diksha Greens Private Limited on 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 on 06th February, 2018. The company is being promoted and managed by Mr. Rajesh Kumar Pirogiwal (Promoter Director) who has almost 3 (three) decades of experience to his credit in the timber and plywood industry. Mr. Rajesh Kumar Pirogiwal has got the enriching experience of this trade as a legacy from his father who started the trade way back in 1970 with a small retail shop of timber and was involved in trading of timber. Later in the year 2006 the company obtained Importer-Exporter code (IEC) from Dy. Director General of Foreign Trade, Ministry of Commerce, Government of India and started importing the wooden logs and timber from countries such as Malaysia, Vietnam, and Burma in Asia, Nigeria, Ghana and Ivory Coast in Africa, Ecuador, Salvador, and Costa Rica in America, Solomon Island, Papua and Guinea etc. 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. 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 High Court at Calcutta vide its order dated 14th May, 2015 approved the said scheme of Amalgamation. Pursuant to the said order, Diksha Exim Private Limited and Wizard Vincom Private Limited was amalgamated with 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 (Four new Equity shares in the Transferee Company(Diksha Greens Limited) credited as fully paid up for every Fourteen shares held in DEPL) and 5:114(Five new Equity shares in the Transferee Company(Diksha Greens Limited) credited as fully paid up for every One Hundred Fourteen shares held in WVPL) respectively. After getting rich experience in timber business, in the year 2018, the promoters of the company decided to go for further expansion cum diversion of business activity. Having seen the potential of Agri market, the company acquired a multi commodity cold storage located at Village & PO Dwarbasini, in West Bengal, India having capacity of 5000 MT with two pre cooling chambers and reefer vans towards storage of seasonal produce.