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AVTIL Enterprise Ltd.

BSE: 504390 Sector: Infrastructure
NSE: N.A. ISIN Code: INE292N01018
BSE 05:30 | 01 Jan AVTIL Enterprise Ltd
NSE 05:30 | 01 Jan AVTIL Enterprise Ltd

AVTIL Enterprise Ltd. (AVTILENTERP) - Company History

AVTIL Enterprise Ltd. (formerly known as Arun Varun Trade & Investment Ltd.) was incorporated in May 29th 1982. The Company's main business activities are general trading and merchants buying selling trading exchange contract of all types of trade and investment instruments.In FY 2015 the Company made an Open Offer for acquisition of 104000 fully paid up equity shares of Rs. 10/- each from the shareholders of Arun Varun Trade and Investment Limited (AVTIL) by Mr. Gautam Bhandari and Mr. Jayantilal Bhandari (Acquirers) constituting 26% of the Issued Subscribed Paid - up Equity Share Capital having Voting Rights of the Target Company pursuant to and in compliance with regulations 3(1) & 4 of the Securities And Exchange Board Of India (Substantial Acquisition Of Shares And Takeovers) Regulations 2011 as amended (SEBI (SAST) Regulations). Tentatively date of opening of the offer is Monday October 19 2015 & Date of closing of the offer is Monday November 02 2015 which is subject to change as per SEBI comments on open offer.The Company changed its name from Arun Varun Trade and Investment Limited to its present name `AVTIL Enterprise Limited' vide Special Resolution dated 02nd June 2016. The Company obtained all requisite approval for the said change in name from all the appropriate authorities.During the year under review 2017 the Company with necessary approval from all the appropriate authorities has changed its Main Object by inserting new line of business of Construction and Real Estate vide Special Resolution passed at 34th Annual General Meeting dated: 30th September 2016.