Shashwat International Limited
About Shashwat International Limited
Data last updated:
Shashwat International Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 23 December 2003.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51496MH2003PLC143628.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹43.4 Cr. It is led by directors including Ravin Jhunjhunwala and Shiv Kumar Agarwal.
Its last annual general meeting (AGM) was held on 28 September 2010, and its latest financial statements are for the year ended 31 March 2010. The registered office is at B – 3073 Oberoi Garden Estate Chandivali Farms Road Chandivali, Mumbai, Maharashtra, India – 400072.
As per MCA filings, the company has open charges of ₹63.87 Cr on record. Court records list 27 cases involving the company, including 2 filed by the company and 25 filed against it; 7 cases are pending.
Company details
Contact details
Shashwat International Limited's registered office is in Mumbai, Maharashtra.
- Registered AddressB – 3073 Oberoi Garden Estate Chandivali Farms Road Chandivali, Mumbai, Maharashtra, India – 400072
- IndustryChemicals and Materials, Industrial Chemicals
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Shashwat International Limited
FY 2010 filings availableFinancial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Shashwat International Limited, buy the company report.
Board of directors of Shashwat International Limited
Shashwat International has 3 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravin Jhunjhunwala | Director | 23 Dec 2003 | 22 Years 10 Months | As last reported |
| Shiv Kumar Agarwal Also directs: Orind Exports Limited., Gunnayak Vanijya Private Limited, Shree Gannayak Infrastructure Private Limited and 2 more | Director | 22 Aug 2011 | 15 Years 2 Months | As last reported |
| Praveen Reehl Also directs: Orissa Industries Ltd | Director | 16 May 2004 | 22 Years 5 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Apr 2009 | 10156445 | United Bank of India | ₹16 Cr | Open | |
| 28 Mar 2008 | 10097930 | Canara Bank | ₹3 Cr | Open | |
| 20 Oct 2007 | 10073821 | Union Bank of India | ₹5.27 Cr | Open | |
| 22 Feb 2006 | 80004397 | Canara Bank | ₹26.4 Cr | Open | |
| 15 Apr 2005 | 80011322 | State Bank of India | ₹13.2 Cr | Open |
To see the full charge records of Shashwat International Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Shashwat International Limited has 27 court cases on record: 2 filed by Shashwat International, 25 filed against it. 7 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 13 | 4 |
| District courts | 12 | 12 | 3 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed against the company by M/S Bhushan Power & Steel Ltd | Disposed |
| High Court of Delhi | Court case (CS(OS)) | Filed against the company by M/S Bhushan Power & Steel Ltd | Disposed |
| Bombay High Court | Company petition | Filed against the company by Ato (I) Ltd. | Disposed |
| Bombay High Court | Company petition | Filed against the company by Union Bank of India | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by Kotak Mahindra Prime Ltd. | Disposed |
To see the full case history of Shashwat International Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Shashwat International Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Shashwat International Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Shashwat International Limited has 19 board changes on record since 2003: 3 appointments and 16 cessations. The latest: Ajay Chandrakant Sharangdhar ceased to be Additional Director on 30 Sep 2011.
20 earlier events are in the company report.
Frequently asked questions
Shashwat International is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Shashwat International is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 23 December 2003 and is registered under CIN U51496MH2003PLC143628. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Shashwat International has 3 current directors:
- Ravin Jhunjhunwala - Director
- Shiv Kumar Agarwal - Director
- Praveen Reehl - Director
The latest financial statements of Shashwat International on record with the MCA are for the year ended 31 March 2010. Its last annual general meeting was held on 28 September 2010. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Shashwat International is U51496MH2003PLC143628. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shashwat International has open charges of ₹63.87 Cr and no satisfied charges on record as per latest MCA filings.
Shashwat International has 27 court cases on record: 2 filed by the company and 25 filed against it. 7 are pending. Most are in the high courts.
Shashwat International was incorporated on 23 December 2003. It is registered with the Registrar of Companies, Mumbai.
Ajay Chandrakant Sharangdhar ceased to be Additional Director on 30 Sep 2011. Hari Har Swain ceased to be Additional Director on 30 Sep 2011. Shiv Kumar Agarwal ceased to be Additional Director on 30 Sep 2011. Shashwat International has 19 board changes on record in total.
The registered office of Shashwat International is at B – 3073 Oberoi Garden Estate Chandivali Farms Road Chandivali, Mumbai, Maharashtra, India – 400072.
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