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History of Ashco Niulab Industries Ltd.

The Comp. was originally incorporated as a Private Limited Company on 3rd April, 1986, as DATALAB [INDIAs] PRlVATE LIMITED and due to Provisions of Section 43A. had became a Deemed Public Limited Company. Subsequently, due to changes in limits Under Section 43A the Comp. was re-converted into Private Limited Company on 19th March, 1991. The Comp. became a Public Limited Comp. again by passing a Special Resolution on 26th March, 1994, & the name of Comp. was changed to DATALAB [INDIAs] LIMITED & a fresh certificate of Incorporation has been obtained on 29th September, 1994 from the Registrar of Companies, Maharashtra. The Comp. has been promoted by Shri Ashok Kotwani & family to manufacture Hi-Tech products for export & local market.

The Comp. was initially engaged in manufacturing of Spectrometers & other equipment for export market. It had achieved a turnover of Rs.402.42 Lacs & Rs.799.48 Lacs in the period 1986-87 & 1987-89 respectively.

The Comp. has its own 100% Export Oriented Unit at Seepz, Bombay to manufacture & export Spectrometers. The Company presently manufactures Gas Chromatographs under Technical Guidance from FISONS INSTRUMENTS, ITALY at its Unit at Vasai, Bombay. It also deals in Weighing Instruments. Spectroscopic products. Thermal Systems, Chromatographic products and Titrometry products. It is exclusively Authorised by world renowned leaders in Weighing & Analytical Equipment field like Mettler Toledo AG, Switzerland, GBC Scientific Equipment Pty Ltd, Australia, Fisons Instruments S.P.A. Italy, Milestone, Italy, ELGA, U.K., MIDAC, USA, etc., to stock & sell their products in India.

2006

-Ashco Industries delisting its securities from DSE.

-Ashco Industries Ltd has appointed Mr. Shashin Rajnikant Shah & Mr. Rajesh Sriniwas Nawathe as Additional Directors w.e.f. June 30, 2007 in the category of Independent Directors.