Amanaya Ventures Ltd

Amanaya Ventures Limited was originally incorporated as Amanaya Financial Services Private Limited on February 27, 2009. Subsequently name of the company was changed to 'Amanaya Ventures Private Limited' on September 14, 2015. Later on, Company converted into a Public Company and the name was changed to 'Amanaya Ventures Limited' dated October 15, 2015. The Company was formed with the objective of promoting SPOT buying and selling of Gold across India. They are bullion traders, specializing in bars and coins of various sizes and weights of Gold and Silver and offer wholesale delivery of bullion to domestic users i.e. ornament manufacturers, goldsmiths, jewellers and semi wholesalers as well as individual customs. Company is a member of 'Indian Bullion and Jewellers Association Limited' and 'Federation of Indian Export Organisations'. Company is engaged in the Business of Trading of Precious Metals i.e. 24 Carat Gold, Silver Bars & Jewellery. The Company also provide to B2b and B2c clients the Antique Jadau Jewellery which is being manufactured at Amritsar, Punjab. During FY 2019-20, Midland Services Limited was merged with the Company, through a Scheme of Amalgamation, making it effective from April 01, 2019. Pursuant to this scheme, all businesses of Midland Services Limited got transferred to and vested in the Company. In consideration of merger, the Company allotted 1 fully paid Equity Shares of Rs. 10 each for every 5 Equity Shares of Rs.10 each held in Midland Services Limited to each shareholder of Midland Services Limited. The Company raised funds of fresh issue of Rs 2.76 Crore by issuing 12,00,000 Equity Shares of face value of Rs 10 each in February, 2023.