The Both the units – India Casting & Indu are parts of SR Group of Industries, while ICC was started in 1965 by Shri S. R. Agarwal, initially to produce Weights (for weighments). Subsequently, other family professionals joined to assist the Pioneer, Shri SR Agarwal as such all combined efforts took the company to new horizons in three different sectors. Sector One To manufacture castings for captive consumption and Domestic & Exports markets. Sector Two To manufacture and sell in domestic markets and export the complete units of Generators, Diesel Engines, Pumps etc. Sector Three Other workable business ventures in Finance, Cold Stores, Hotel and any other feasible business. Current Status While INDIA CASTING CO. could not meet customers volume, we added up another unit in Nov.2004 in the name of INDU ENGINEERING & TEXTILES LTD. With an optimum capacity of 1200 mt. per month. Hence, we have two units – ICC & IETL.
CIN NO: L74899UP1972PLC86068
I, INDU ENGINEERING & TEXTILES LIMITED (the Company), |having our Registered Office at 12/16-A NAWAL GANJ, NUNHAI, AGRA-282006 hereby giving the following declarations and undertaking for non applicability of Corporate Governance, As Company is having equity share capital and net worth of less than Rs 10 crore and Rs 25 crore respectively:
Applicability of Clause 49 of the Listing Agreement (Read with Regulation 27(2) of SEBI listing Regulations 2015 (LODR)
Applicability of Clause 49 shall extend to all listed companies except:
However, it has been clarified by SEBI that the exemption is “for the time being”, and in case applicability of Clause 49 is extended to the exempted categories in future, then such companies shall have 6 (six) months to comply with the provisions of Clause 49.