Diggi Multitrade Ltd

Diggi Multitrade Ltd

Diggi Multitrade Limited was incorporated as a private limited company with the name 'Diggi Securities Private Limited' on December 1 2010. Subsequently The Company was converted from a private limited company to a public limited company and the name of the Company was changed from 'Diggi Securities Private Limited' to 'Diggi Multitrade Limited' on June 18 2014. Chanchal Deepak Sharma and Pawankumar Kanhaiyalal Sharma were the initial subscribers to the Memorandum and Articles of Association of the Company. Initially the Company was involved in the business of carrying on trading activities by dealing in stock market in all kinds of securities and other financial products. The Company began investing and trading in equity shares (quoted and non-quoted) derivatives and other financial products. Unlike broking companies It did not carry out trading and investment activity or offer financial services and products to or on behalf of other investors or clients and hence did not require a license or registration with SEBI or any other concerned regulatory authorities or regulations governing the business of operating a broking outfit. In the year 2013-2014 the management of the Company decided to discontinue the business of trading in shares and securities and forayed in the business of trading in fabrics real estate and allied activities and construction material and consequently the main objects of the Company was altered to reflect the said line of business. The Company is currently engaged intrading in real estate by way of acquiring interests in various real estate projects such as flats and land where it typically purchases the flat from the builders and is sold to a third party at a price higher than the price originally paid by the company to the builder.