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Suumaya Lifestyle Ltd.

BSE: 780011 Sector: Others
NSE: SUULD ISIN Code: INE591Q01016
BSE 05:30 | 01 Jan Suumaya Lifestyle Ltd
NSE 00:00 | 22 Feb 31.00 -1.00
(-3.13%)
OPEN

29.00

HIGH

32.00

LOW

29.00

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Suumaya Lifestyle Ltd. (SUULD) - Company History

Suumaya Lifestyle Limited was originally incorporated as Richway Infrastructure Limited on August 11 2011. Subsequently the name of the Company was changed to Richway International Trade Limited on March 11 2014. The Company was listed on Institutional Trading Platform of BSE Limited on September 09 2014. Pursuant to Special Resolution duly passed by the shareholders through Postal Ballot and approval from BSE Limited the Company voluntary delisted from Institutional Trading Platform of BSE Limited w.e.f. June 15 2017. Further the Company's name was changed to Suumaya Lifestyle Limited. Mr. Bipin Gupta Mrs. Prova Jewrajka Mr. Birendra Kumar Agarwal Mr. Nirmal Khemka Mr. Nirod Chandra Das Mr. Samir Dhar Mr. Krishnendu Tapadar and Mrs. Laxmi Agarwal were the subscriber to the Memorandum of the Company. Mr. Nirmal Khemka Mr. Kanhaiyalal Singhania and Rangoli Tradecomm Private Limited were the promoters at the time of Listing at the Institutional Trading Platform of BSE Limited. Subsequently Ms. Ishita Mahesh Gala Mrs. Amisha Sanjay Shah and Indiacredit Risk Management LLP are the present promoters of the Company and Rangoli Tradecomm Private Limited is offering entire shares through Offer for Sale.The Company is engaged in the manufacturing of designer wear of women like kurtis ethnic tops salwar suits etc. and deals in designer women apparels. The Company brings the finest collection of Designer kurtis ethnic tops salwar suits etc. and it has a unique destination to shop and styles for women apparels. Established in the year 2011 initially the Company was engaged into real-estate business and was listed into ITP segment and the current management and Promoters and Promoter Group with experience of around 30 years into the textile business started dealing in cotton and other fabrics used in manufacturing of women apparels. On April 16 2017 Suumaya Fashions was acquired by Richway International Trade Limited through Business Transfer Agreement entered between Suumaya Fashions a proprietary firm of Mr. Ushik Gala and Suumaya Lifestyle Limited (Formerly known as Richway International Trade Limited). Pursuant to the business transfer agreement the Company acquired assets and liabilities of Suumaya Fashions and all the manufacturing operations and trading activities was consolidated with the Company. Suumaya Fashions was earlier engaged in the business of manufacturing and trading of dress materials suits sarees kurtis garments for men women and kids including daily wear wearing apparels party wears uniforms sportswear active wears inner wear purses belts wallets and other allied goods made from cotton silk synthetics jute velvet woollen leather or with any combination thereof.