gayatri projects limited - Edelweiss

GAYATRI PROJECTS LIMITEDYearParticulars1997-98 Formed a Joint Venture with IJM Corporation Berhad, Malaysia2005-06 Took 40% interest in the equity of Western UP Tollway Limited a SPV created to execute a BOTproject awarded by NHAI. This will be the FIRST BOT project for our Company.·Awarded ISO 9001:2000 and Q9001-2000 Quality Certificate by American Quality AssuranceInternational, LLC, USA2006-07 Awarded 2 contracts on annuity basis by NHAI in Uttar Pradesh in Joint VentureThe main objects clause and objects incidental or ancillary to the main objects clause of the Memorandum of Association ofthe Company enables it to undertake the existing activities and the activities for which the funds are being raised, throughthe present Offer.Main Objects of the CompanyThe main objects as contained in our Memorandum of Association of the Company are:1. To carry on the trade or business of service contractors and engineers in any branch of industry as also manufacturers;builders and contractors of every type and description and to own, control, manage or to erect, construct, maintain,alter, repair, pull down and restore either alone or jointly or in collaboration with any other or others, works of alldescriptions in particular Gas pipe line, barrages, dams, sluices, locks, embankments, quarries breakwaters, docks,quays, harbors, pixels, wharves, canals, tanks, bridges, aqueducts, reservoirs, irrigation, reclamation, improvement,river works of all kinds, railways, waterways, waterworks, roads, bridges, warehouses, offices, factories, mills, engines,steel plant, machinery and equipment of every descriptions, gas works drainage and sewerage works and buildingsof every description in and out side the union of India and to take over the business of Gayatri EngineeringCompany, a Partnership Firm, as a going concern.2. To carry on the trade or business of consultants, technicians, service contractors and engineers in any branch ofindustry, including mining, metallurgical, chemical, electrical, sanitary, water works, industrial, civil, mechanical andstructural and to supply and furnish pursuant to such contractual or other arrangements as may be entered intoprofessional, technical, sales and other services in and out side the union of India to any person, firm or corporationin connection with the setting up, establishment, working and operation of any industry and for all or any of thepurposes aforesaid.3. To construct, let out, furnish and carry on all or any of the functions of proprietors of flats, maisonettes, dwellinghouses, shops, offices and for these purposes, to purchases, take on lease, or otherwise acquire and hold anylands and prepare layout thereon or buildings of any tenure or description wherever situate, or rights or intereststherein or connected therewith: to lay-out, prepare buildings sites, and to construct, reconstruct, repair, pull down,alter, improve, decorate, furnish and maintain flats, maisonettes, dwelling-houses, shops, offices, buildings, worksand sanitary conveniences of all kinds, to lay – out roads, drainage pipes, water pipes and electric installations andto set apart land for pleasure gardens and recreations, grounds or otherwise improve land or any part thereof.Changes in the Memorandum of AssociationDate of ChangeApril 26, 1993March 31, 1994Particulars of ChangeIncrease in Authorized Share Capital of the company to Rs. 500 Lakhs consisting of 50 LakhsEquity SharesChange in the name of the Company from Andhra Coastal Construction Private Limited to GayatriProjects Private Limited.December 2, 1994 Converted into Public limited Company from Private Limited Company·Change of Registered Office from the state of Andhra Pradesh to the state of Maharashtra68