Sah Polymers Ltd Company History

‘Peacock Continental Limited” started its journey to manufacture plastic goods as per the Object clause of MOA.

Takeover of Assets, rights, comprising of land, building , plant and machinery etc. on going concern basis from Peacock Industries Limited pursuant to business Purchase agreement dated 23rd July 1998.

Change of name from Peacock Continental Limited to Sah Polymers Limited

Transfer of erstwhile lease agreement of E-260-261 Mewar Industrial Area Madri Udaipur -313003, Rajasthan, with Rajasthan State Industrial Development & Investment Corporation Ltd. from Peacock Industries Limited to Sah Polymers Ltd.

SAT industries Limited, listed on BSE Ltd. acquired 85,21,430 shares representing 54.63% of shareholding of the company from the shareholders viz. Lion Houseware Private Limited, Park Continental Limited and Sat Invest Pvt. Ltd. Thereafter Sat Industries Limited has been identified as the Corporate Promoter in certain Public filings of the Company.

The Company exported products to Poland amounting to Rs. 3,38,49,314.18 which constituted 7.96% of total turnover of about Rs. 42,54,92,555.87

Amalgamation of the wholly owned subsidiary, Sat E-Com Limited (SEL) with the Company under section 233 of the Companies Act, 2013, by Order number (02)/2020- 21/753 dated 21/08/2020 of the Regional Director, North Western (RD-NW), Ministry of Corporate Affairs, Ahmedabad subject to all the necessary statutory / regulatory approvals.

Acquisition of 33,884 equity shares aggregating to 51.01% of paid up capital of Fibcorp Polyweave Private Limited by way of transfer and rights issue pursuant to which it became the Subsidiary on January 05, 2022.

Company successfully commissioned its Flexible Intermediate Bulk Containers (FIBC)  plant  and commenced commercial production at Village Modi ,Dist. Udaipur.