Vasudhagama Enterprises Ltd

Vasudhagama Enterprises Ltd

Ozone World Limited was incorporated in October 5th 1989. The company is presently engaged into the business of wholesale trading of commodities / agricultural goods and in real estate business through investment in partnership firm.During FY 2012-13 the new management had stopped the activity related to leasing and finance. Further the main object clause of the Memorandum of Association was altered to carry out business related to real estate and trading of goods. As such the company voluntarily surrendered the registration of Non Banking Finance Company (NBFC) to Reserve Bank of India and accordingly the Reserve Bank of India had cancelled the said registration in February 2013.The name of the Company was changed from Anand Lease and Finance Limited to Ozone World Limited with effect from 5th September 2013 as per the Certificate of change of name issued by Registrar of Companies Gujarat Dadra and Nagar Havelli.During financial year 2014-15 the Board of Directors of the Company at their meeting held on 12th November 2014 in exercise of the powers conferred by Articles of Association of the Company forfeited 217100 partly paid-up equity shares held by various member of the Company in respect of which an aggregate sum of Rs. 1085500/-remained unpaid despite of issuing individual notices to each such member. Further the Board of Directors of the Company cancelled those 217100 forfeited equity shares and accordingly an amount of Rs. 1085500/- received on account of part payment on 217100 forfeited equity shares was transferred from the 'Share Capital Account' to 'Capital Reserve Account' in the books of account of the Company.The SEBI vide order dated March 23 2015 allowed the exit of Jaipur Stock Exchange Limited and consequently the Company ceased to be listed on Jaipur Stock Exchange Limited. Further pursuant to the SEBI Circulars for exclusively listed companies of de-recognised / Non-operational / existed stock exchanges the Company has made an application for direct listing with BSE Limited for listing of 3699114 equity shares of Rs. 10/- each. BSE Limited vide its letter dated August 4 2015 granted In-Principle approval under direct listing norms. Further consequent to the forfeiture of partly paid up equity shares Central Depository Services (India) Limited deactivated for partly paid up shares.Pursuant to the SEBI Circulars for exclusively listed companies of de-recognised / Non-operational / existed stock exchanges the Company has made an application for direct listing with BSE Limited for listing of 3699114 equity shares of Rs. 10/- each. BSE Limited vide its letter dated August 21 2015 granted approval under direct listing norms for listing and trading of equity shares of the Company with effect from August 25 2015. As such now the equity shares of the Company are listed on Ahmedabad Stock Exchange Limited and BSE Limited.