The Indian Wood Products Company Ltd Company Summary

The Indian Wood Products Company Ltd Summary

The Indian Wood Products Company Limited is a public Company domiciled in India and was incorporated on 23rd December 1919. The Company was listed with The Calcutta Stock Exchange Ltd upto 11th August 2018, as voluntary delisting permission was granted by the exchange and at present the Company is listed only with BSE Ltd. The registered office of the Company is in Mumbai working at Izzatnagar, Bareily (U.P).It is primarily engaged in the manufacturing of Katha in India. The Company has one overseas joint venture Agro Spice and Trading Pte Limited, Singapore, as on 31 March 2017, which is engaged in trading of spices.During FY2017, the Authorised Share capital of the Company has been increased from Rs.5 Crores divided into 50,00,000 Equity shares of Rs.10/-each to Rs.10 Crores divided into 1,00,00,000 Equity Shares of Rs.10/-each pursuant to the shareholders approval at their AGM held on 28 September 2016. Further, the Authorised Share Capital of the Company has been increased from Rs.10 Crores divided into 1,00,00,000 Equity Shares of Rs.10/- each to Rs.15 Crores divided into 1,00,00,000 Equity Shares of Rs. 10/-each and 5,00,000 Preference Shares of Rs. 100/- each.During FY2017, the Company has issued and allotted 47,97,954 fully paid-up equity shares of face value of Rs.10/-each as Bonus Shares on 21 October 2016, in the Ratio of 3 Equity shares for every 1 Equity share held as on Record Date. The said Bonus Shares has been listed and admitted for dealing on the Calcutta Stock Exchange Limited w.e.f. 2 January 2017. The Paid-up Share Capital of the Company as on 31 March 2017 comprises of 63,97,272 Equity shares of Rs.10/-each.During FY2017, investment in joint venture PT Sumatra International, Indonesia, was liquidated.