Wardwizard Innovations & Mobility Ltd

Wardwizard Innovations & Mobility Ltd

Manvijay Development Company Ltd is a real estate development company incorporated in October 20 1982. The company is presently providing finance for infrastructure projects as joint venture/ partners & operational aspects of infrastructure activities.The Company has shifted its registered office of the Company from the State of West Bengal to Maharashtra on 31st March 2015 after receipt of all statutory approval. The securities of the Company were admitted on BSE Limited on 27th February 2015 under Direct Listing Norms of BSE Limited and thus shareholders have easy exit/entry facility.The Company' s shareholders in the Extra-Ordinary General Meeting held on 25th June 2015 has approved the issue of Bonus Shares in the ratio of 1 new equity share of Rs. 10/- each for every 1 equity share of Rs. 10/- each held by the shareholders of the Company on 9th July 2015 (record date). Post Bonus Issue the paid-up Capital of the Company is 6480000 equity shares of Rs. 10/- each. These Bonus shares are listed and traded on BSE Limited & Calcutta Stock Exchange Limited.During the year under review 2014-15 Company had passed Special resolution with respect to the place of the Registered Office by changing it from the state of West Bengal to the Maharashtra and such alteration having been confirmed by an order of Regional Director Eastern Region Kolkata bearing the date 31st March 2015.Then after aforesaid order has been registered in the Registrar of Companies Mumbai Maharashtra and obtained Certification of Registration of Regional Director order for Change of State.The Company Equity share capital has been increased by Rs. 324 lakhs during the year 2015-16 raising the total equity capital to Rs. 648 lakhs. The increase was on account of bonus issue to the shareholders of the Company.During the year 2018-19 the Company has earned interest income from the loans granted to its group Company & made investments in shares of group Companies in furtherance of its objectives. The Investments held as at 31st March 2019 continue to be in a group companies only & Company was not having any business activities during the year. The promoter of the Company had informed the Company in August 2018 about their intention to delist the securities of the Company from BSE/CSE Limited (where its securities are listed). The Company appointed Saffron Capital Advisors Private Limited as Merchant Banker for due diligence of the Company for delisting purpose. However no further development has taken place. Neither the Promoter of the Company has any further steps for delisting of the securities of the Company till 20th June 2019.