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Tinna Trade Ltd.

BSE: 541741 Sector: Others
NSE: N.A. ISIN Code: INE401Z01019
BSE 00:00 | 12 Aug 33.40 0.35
(1.06%)
OPEN

32.50

HIGH

34.35

LOW

31.50

NSE 05:30 | 01 Jan Tinna Trade Ltd
OPEN 32.50
PREVIOUS CLOSE 33.05
VOLUME 2206
52-Week high 60.30
52-Week low 12.90
P/E
Mkt Cap.(Rs cr) 29
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 32.50
CLOSE 33.05
VOLUME 2206
52-Week high 60.30
52-Week low 12.90
P/E
Mkt Cap.(Rs cr) 29
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Tinna Trade Ltd. (TINNATRADE) - Company History

Tinna Trade Limited was incorporated on 05th January 2009 as 'Maple Newgen Trade Private Limited'. In July 2009 M/s. Viterra Inc of Canada acquired a 60% stake and the Company was renamed as Tinna Viterra Trade Private Limited. Subsequently in 2013 Viterra Inc. was acquired by M/s. Glencore PLC. this led to Viterra Inc. exiting the Joint Venture and their 60% shareholding was acquired by Tinna Rubber and Infrastructure Limited in May 2013. The name of Company was changed from 'Tinna Viterra Private Limited' to 'Tinna Trade Private Limited'. On 06th June 2013 fresh Certificate of Incorporation consequent to change in name of the Company from 'Tinna Viterra Trade Private Limited' to 'Tinna Trade Private Limited' was issued by the Registrar of Companies N.C.T. of Delhi and Haryana. On 8th December 2015 the Company was converted into a Public Limited Company and renamed as Tinna Trade Limited. The Company is promoted under the leadership of Mr. Gaurav Sekhri. The Company is engaged in trading of agro-commodities i.e. wheat yellow peas green peas chick peas Kaspa Peas toor chana lentils oil seeds and oilmeals etc. The Company has a dedicated team of professionals located in Delhi Mumbai Kolkata Vishakhapatnam & Tuticorin.The Company has been playing a leading role in bringing agriculture produce directly from producers to end users. For year 2012 Company was awarded as the second fastest growing mid-sized company in India by INC. 500. Due to stellar reputation the Company continues to be 'PARTNER OF CHOICE' among leading International and domestic agri trading & processing companies.During FY 2021 the Company continued to diversify into Non-agri commodities like steel abrasives and chemicals. Since the Company have Pan India presence it have been able to establish as a leading supplier of steel abrasives to automobile industries where all the leading manufacturers such as Mahindra Escorts Ashok Leylands and Tata are in the customers' list of the Company. The Company continue to act as an exclusive representative of G3 Canada Limited to trade in agricultural commodities in India. G3 Limited has established a grain/pulses handling & export terminal at the Port of Vancouver Canada in July 2020. Apart from agri commodities the Company commenced the business of Non-agri commodities such as Steel Abrasives which shall give a good volumes and margins. Steel abrasives are largely been supplied to automobile industries auto ancillaries foundries and forging. An application was filed with Bombay Stock Exchange on 15th January 2016 under Regulation 37(1) of SEBI (Listing Obligation & Disclosure Requirements) Regulations 2015 for the Composite Scheme of Arrangement between Tinna Rubber and Infrastructure Limited (TRIL) and Tinna Trade Limited(TTL) wholly owned 100% subsidiary of TRIL. After the approval of Scheme of Arrangement Agro Commodity Trading and Investments (Agro Commodity & Warehousing) undertakings shall be transferred to TTL and shareholders of TRIL will be issued equity shares of TTL in the ratio of 1:1. The Scheme has been approved by the Hon'ble NCLT Delhi vide their Order dated 15th December 2017 with effect from closing hours of 31st March 2116 (Appointed Date) which was received by the Company on 18th January 2018 and filed with Registrar of Companies on 22nd January 2018. The Scheme became effective from 22nd January 2018 (closing hours) (Effective Date) consequent upon filing of judgement/ order passed by the Hon'ble High Courts with Registrar of Companies pursuant to the Scheme of Arrangement. The Company had passed the necessary accounting entries in the Financial Year 2017-18 and given effect to the Scheme of Demerger.During the year 2021 the Company sold 280000 equity shares of subsidiary B.G.K. Infrastructure Developers Private Limited on 31st March 2021 and ceases to be subsidiary effective from 01st April 2021. Further continuing divestment strategy the Company divested entire investments from B.G.K. Infrastructure Developers Private Limited in June 2021.

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