Starlite Components Ltd. వార్షిక వృద్ధి వివరాలు ఆధారంగా కంపెనీ చరిత్ర

STARLITE COMPONENTS LIMITED is a Company incorporated in the State of Maharashtra on 13th November, 1991. Company received certificate for commencement of business on
18th March, 1992. The Company proposes to manufacture 150.00 million pieces of GLS/FTL Filaments, 12.00 million pieces of Speciality Filaments and 90.00 million pieces of GLS/FTL Caps bases.

Company has takenover current Assets and running business from M/s Filaments and Filaments w.e.f. 01-04-92 vide Memorandum of Understanding dated 24-09-92 entered into
with M/s Filaments and Filaments. Company has also vide rental agreement dated 25-05-93 entered with M/s Starlite Lamp Components Private Limited has taken on rent land and
building and plant and machineries and has agreed to takeover all these assets by amalgamating the Starlite Lamp Components Private Limited with the Company, in due course
of time. On completion of amalgamation formalities with the respective high courts takeover process shall be completed. Cost of acquisition has been considered in the total cost of the project.

The unit taken over by the Company had not faced any labour problems/litigation/defaults etc. There was no closure of business due to any labour problem etc. in the unit taken over by the Company.