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Swastik Safe Deposit & Investments Ltd.

BSE: 501386 Sector: Financials
NSE: N.A. ISIN Code: INE094R01019
BSE 05:30 | 01 Jan Swastik Safe Deposit & Investments Ltd
NSE 05:30 | 01 Jan Swastik Safe Deposit & Investments Ltd

Swastik Safe Deposit & Investments Ltd. (SWASTIKSAFEDEP) - Company History

The Swastik Safe Deposit and Investments Limited was incorporated in the year August 6 1940 with its registered and operational office in Mumbai by the Reserve Bank of India. The Company was issued a registration certificate (RBI) under section 45 IA of the RBI Act 1934 to commence / carry on the business of non banking financial institution without accepting public deposits. The primary activities of the Company involve lending / investing.Pursuant to the order passed by the Hon'ble National Company Law Tribunal Mumbai Bench dated 30 August 2018 for sanctioning the Scheme of Merger (by Absorption) of Piramal Texturising Private Limited and Vulcan Investments Private Limited and Piramal Corporate Services Limited with Nicholas Piramal Pharma Private Limited (now known as Piramal Corporate Services Private Limited) (PCSPL) and their respective shareholders Piramal Corporate Services Limited a Promoter Group Company holding 178535 equity shares carrying 74.39% voting rights of our Company has been merged/amalgamated with PCSPL another Promoter Group Company. The scheme has come into effect from 27th September 2018 and Piramal Corporate Services Limited ceased to exist from the said date. Accordingly in terms of the above NCLT Order and Scheme of Merger (by Absorption) all the 178535 (74.39%) equity shares held by Piramal Corporate Services Limited have now stood vested in PCSPL. Both Piramal Corporate Services Limited and PCSPL are part of the Promoter Group Company. Please note that there is change only in the shareholder of the Company and there is no change in the control and the Promoter of the Company.

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