Creative Castings Ltd

Creative Castings Ltd

Creative Castings Limited is a public limited company incorporated in November 22 1985. After Incorporation the said company took over the running business of the erstwhile Partnership firm M/s. Creative Castings with the effect from 21st March 1986 on dissolution of the Partnership firm. All the assets and liabilities were transferred to Creative Castings Private Limited. The Company became a Public Limited Company on 6th October 1994 and got listed on January 4 2016 at Bombay Stock Exchange. The Company is India's most trusted & quality investment casting manufacturer & exporter by lost wax process with an installed capacity of 840 MT/annum. It is into the business of manufacturing and selling of all types of Steel and Alloy Steel Investment Castings and generating of power from wind energy. Besides the company is engaged in supply over 5199 different types of castings in as cast & in fully machined conditions to almost every field of engineering applications such as pumps & valves Defense oil & refinery fire control equipment automobiles etc. The office and plant spread over 8924 Sq. Mts. area with a production area of 3500 Sq. Mts. & is equipped with latest technology production testing & measurement facilities & with a full standby captive power generation for uninterrupted production. The company has two furnaces with capacities of 300 kg per heat and 250 kg per heat respectively. Its product has wide range of application in different industries viz. Industrial Pumps Electrical Engg. Valve Industries Anti Fire Equipment Defence Industries Instrumentations Medical Implants General Engineering Oi1 and Gas Industries Power Industries etc. The Company has developed over 5000 various types of castings till date.The Company was exclusively listed on OTC Exchange of India (the Stock Exchange) however pursuant to letter of the Stock Exchange dated January 13 2015 the Company was migrated to Dissemination Board of BSE. According to reference made in the stated letter with respect to Clause 3.2 of SEBI Circular dated 30th May 2012 'Companies failing to list on other stock exchange will cease to be a listed company and shall be moved to the Dissemination Board by the existing Stock Exchange' hence virtually status of the company considered as Company ceased to Listed considering the terminology used in the stated letter.The Company erstwhile listed on OTC Exchange of India however the same was derecognized by the SEBI w.e.f. March 31 2015 resultant the Company ceased to be listed. Subsequently the Board of Directors of the Company in its meeting held on July 30 2015 opted an option to go for Direct Listing with BSE Ltd. as per SEBI Circular dated April 17 2015. The company has undergone direct Listing with Bombay Stock Exchange and got in-principal approval pursuant to vide letters dated December 14 2015 and December 31 2015 respectively. It is to be noted that the trading in equity shares of the Company effectively commenced from January 4 2016.