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The acquirer has complied with SEBI (SAST) Regulations and an Open Offer was made to the equity shareholders of PACL.įormed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. To part finance the expansion programme, during January 2006, the Company had made a preferential allotment of 80,00,000 equity shares, out of which 43,00,000 equity shares were allotted to promoter group and the balance 37,00,000 equity shares were allotted to Porwal Finsec Pvt. The total expansion would be completed by June 2008. The expansion programme has commenced from January 2005. The company has implemented a large-scale expansion programme to increase the capacities upto 27600 MTA. The company has engaged in the business of manufacture of SG and CI Castings with an installed capacity of 6600 T per annum, which is presently upgraded to 9000 MT per annum, in order to enhance the product profile and cater to larger customer base. The Company has received a 1S0/TS 16949:2002. The Company was converted into a Public Limited Company on Septemwith the name 'Porwal Auto Components Limited'. The Company was incorporated on Februas a Porwal Auto Components private limited.
