Panchatv Bharat Ltd

Panchatv Bharat Limited was originally incorporated as a Private Limited Company with Registrar of Companies, Central Registration Centre in the name and style of 'Panchatv Bharat Private Limited' through a Certificate of Incorporation dated March 06, 2024. Subsequently, the status of the Company converted into Public Limited Company and name of the Company was changed to 'Panchatv Bharat Limited' and a fresh Certificate of Incorporation dated August 05, 2024, was issued by Registrar of Companies, Central Registration Centre. The Promoter, Sanjay Gupta had established M/s S R Fabrics in year 1994. The Company was incorporated in March 2024, prior to which the Promoters, Sanjay Gupta was carrying on the business operations as a proprietorship concern under the name of 'M/s S R Fabrics' and Sooraj Gupta was carrying on the business operations as proprietorship concern under the name of 'M/s Neelmadhav Textiles' and 'SG Trader' to trade in denim fabrics. Later, Company incorporated, taking over the running business of proprietorship concerns for which a Business Purchase Agreement dated April 06, 2024 was executed, whereby the Company acquired all assets & liabilities of the proprietorship concerns. The Company has issued 2,03,500 Equity shares of face value Rs 10 each to Sanjay Gupta and Sooraj Gupta towards the sales consideration to them amounting to Rs 4.07 Crore. The Company is engaged in the business of manufacturing of denim fabrics through third-party manufacturing facility. In addition to the third-party manufacturing, they are also engaged in wholesale distribution of denim fabrics across India which is procured from Distributors. The Company is planning an IPO of issuing upto 16,75,200 fresh issue of equity shares.