PROFILE AND BRIEF HISTORY OF THE COMPANY

 

The Company was incorporated with the name "B. P. Capital Limited" and the Certificate of Incorporation was granted by the Registrar of Companies, NCT of Delhi & Haryana on 24.02.1994 vide registration No. 55-57572. The Company obtained its certificate for commencement of Business from the Registrar of Companies, NCT of Delhi & Haryana on 22.03.1994. At present, the CIN No. of the Company is L74899HR1994PLC072042.


As per the Memorandum of Association of the Company, the main objects of the Company are:
• to carry on the business of merchant banking in all its aspects and to act as managers to the issues and offer whether by way of public offer or otherwise of shares, debenture, bonds, units, participation certificates, deposit certificates, notes bills, warrants or any other instruments whether or not transferable or negotiable or otherwise commercial paper or scripts and
• to act as agent of and/or dealers, brokers, in the securities and or foreign exchange securities/currency in the course of merchant banking managers, lead managers, co managers, advisors and counsellors in investment and stand by or procurement arrangement.


B. P. Capital Limited was incorporated to carry in the business of Non Banking Financial Company (NBFC). The Company obtained its Certificate of Registration from RBI to carry on the business of non-banking financial institution on 03rd March, 1998. The Registation no. of the Company with RBI was 14.00145. The Company was carrying on NBFC's activities. The main business of the company was to make both long term and short term investment in quoted as well as unquoted shares. However, in FY 2016-17, the company surrendered its Certificate of Registration with Reserve Bank of India (RBI) to discontinue its activities as Non Banking Finance Company, and got the approval for the same vide RBI’s order dated 06th October, 2016.


B.P. Capital Limited (BPCL) is a widely held listed company. B.P. Capital Limited was registered as NBFC Company with RBI but was not carrying any major activity for long hence the shareholders of the Company are not getting any return on their investment. Further, the Company had also surrendered its NBFC certificate with RBI. Diamond FootcareUdyog Private Limited (DFUPL) is one of the leading footwear manufacturer in India. It has massive manufacturing facility at Footwear Park, Bahadurgarh, Haryana. The management of the two Companies decided to consolidate the two companies to take advantage of listing and liquidity for the footwear business, which has potential to grow much faster if sufficient working capital is made available. With this objective, the management of DFUPL has acquired the management and control of BPCL by giving an open offer in terms of SEBI (SAST) Regulations, 2011 and also decided to surrender the NBFC Licensee of BPCL to initiate the footwear business in it. The RBI vide its order dated 6th October, 2016 cancelled the NBFC License of BPCL and hence, now the management of the two companies have decided to implement the plan of merger the two companies and transfer the Footwear business of DFPL as a going concern along with its brand and goodwill. The merger of the two companies would substantially strengthen the balance sheet of the DFUPL and shall create a larger and financially stronger entity, which will have better resources for business growth and expansion. After the approval of proposed merger, the Company will start carrying on the footwear business as per the scheme of merger.


At present, M/s Symbolic Inframart Private Limited is the sole promoter of B. P. Capital Limited. The present Authorised Share capital is Rs. 15,00,00,000/- divided into 1,50,00,000 equity shares of Rs. 10/- each and the present paid up capital of the company is Rs. 3,01,18,000/- divided into 30,11,800 equity shares of Rs. 10/- each.


Presently the equity shares of B. P. Capital Limited are listed with Bombay Stock Exchange Limited (BSE) ,Delhi Stock Exchange Limited (DSE) and Calcutta Stock Exchange Limited (CSE).