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S H Kelkar & Company Ltd.

BSE: 539450 Sector: Industrials
NSE: SHK ISIN Code: INE500L01026
BSE LIVE 15:40 | 20 Sep 266.45 -3.85
(-1.42%)
OPEN

271.75

HIGH

274.95

LOW

265.10

NSE 15:27 | 20 Sep 266.00 -4.35
(-1.61%)
OPEN

272.50

HIGH

275.90

LOW

264.50

OPEN 271.75
PREVIOUS CLOSE 270.30
VOLUME 10792
52-Week high 361.90
52-Week low 236.60
P/E 55.51
Mkt Cap.(Rs cr) 3,853
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 271.75
CLOSE 270.30
VOLUME 10792
52-Week high 361.90
52-Week low 236.60
P/E 55.51
Mkt Cap.(Rs cr) 3,853
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

S H Kelkar & Company Ltd. (SHK) - Company History

The company was incorporated on July 1 1955 at Mumbai under the Companies Act 1913. After incorporation the company took over businesses carried on by Mr. V.G. Vaze as a sole proprietor of M/s S.H. Kelkar & Co and in partnership by the firm M/s Saraswati Chemical Works. The word private was added to the name of the Company under section 43A (2A) of the Companies Act 1956 on May 18 2001. The name of the Company was changed to S H Kelkar and Company Limited pursuant to conversion of the status of the Company to a public limited company and a fresh certificate of incorporation consequent to change of name dated March 5 2015 was issued by the RoC.The company was founded by Mr. V.G. Vaze who had three sons G.D. Kelkar Suresh Vaze and our Promoter Ramesh Vaze. On account of certain disputes which led to petitions being filed before the Company Law Board Principal Bench at New Delhi (Company Law Board) the three sons and their respective families executed a memorandum recording a family settlement on November 18 2009 as amended by an addendum dated July 12 2010 (the Family Settlement). The Family Settlement contained the terms and conditions on which G.D. Kelkar and Suresh Vaze and their respective families exited from our Company and its subsidiaries (the Kelkar Group). In accordance with the terms of the Family Settlement the control and management of the Kelkar Group vests with our Promoter Ramesh Vaze and his family. Accordingly as on date no member of G.D. Kelkar's family or Suresh Vaze's family holds any stake or otherwise has interest in the Kelkar Group. The terms of the agreements between the family groups was recorded in the orders of the Company Law Board dated March 10 2009 and November 2 2009.The company established First manufacturing unit at Vapi in 1979. During the year 2007 the company commissioned a manufacturing unit at Vashivali.During 2014 and 2015 the company has received numerous awards for Best Performance in quality for Best HR strategy in Line with Business and also award for Dream Companies to Work For (Manufacturing) at the Dream Companies to Work For Awards.