objects of the Company to carry on all or any of the business of
buyers, sellers, suppliers, traders, merchants, importers,
exporters, hire purchase dealers, indentors, brokers, agents,
stockists, distributors, and dealers of Tea, Coffee, Tobacco,
minerals, metals, chemicals, industrial and other wastes, and bye
products industrial, fire woods, coal and coke, oils and lubricants,
fuels, Alcohol, wines, consumer goods and etc.
As per the main objects, presently company has been concentrate in
broking in Stock Markets players and also handled the Income Tax
matters and fulfil the Govt. Statutory requirement for their
clients, as the company is having good, responsible and efficient
professionals team for doing the same.
Silveroak Commercials Limited is a Public Limited
Company, duly registered under The Companies Act, 1956 vide its
Corporate Identity Number L51100MH1985PLC035916 incorporated on 11th
The Company came out with a public issue in the year of 1993 and
filed prospectus for the public issue of 23,00,000 equity shares of
Rs. 10/- each. By this prospectus the company sought listing on
Bombay Stock Exchange Ltd. Post issue Paid up Capital of the company
was Rs. 24,00,000.
In the year of 2000 for requirement of long term working capital and
also wants to establish the manufacturing facilities of
pharmaceuticals formulations. Consequently, the scope of the
Company’s products will increase considerably.
To meet the outlay of funds as a result of this enlarged scope as
well as to meet the long term working capital requirement, the
Directors have proposed Private Placement and/or Preferential Offer
of the aggregate face value of not more than Rs. 2,51,00,000,
excluding the premium, if any, to the Company’s Promoters, their
Relatives, Friends and Associates including Bodies Corporates,
whether in group or not, by way of Preferential issue, whether or
not such persons are existing shareholders of the company or not,
such number of equity shares / securities / any other instruments
permissible under the laws, with such premium if any, on such terms
and conditions as to the basis of offer, face value of equity shares
/ securities, amount to be paid on application, allotment and calls
(if any) to be made.
The authorized share capital of the Company is Rs. 3,00,00,000/-
(Rupees Three Crores only) divided into 30,00,000 (Thirty lacs only)
equity shares of Rs 10/- (Rupees Ten only) each. The issued,
subscribed and paid-up share capital of the Company is Rs.
2,75,00,000/- (Rupees Two Crore Seventy Five Lacs only) divided into
27,50,000 (Twenty Seven Lacs Fifty Thousand only) equity shares of
Rs 10/- each fully paid-up. The entire issued, subscribed, paid up
and voting equity capital of the Company is listed at Bombay Stock
Exchange Limited, Mumbai.