September 21, 2017 8:09 PM ET

Chemicals

Company Overview of GOM Industries Ltd.

Company Overview

GOM Industries Ltd. engages in the manufacture and supply of resins and processed oils for the surface coating industry in India and internationally. Its products include rosin modified phenolics, maleics, acrylics, polyesters, polyamides, vegetable oil based solvents, malamine and urea formaldehydes, oils, pure phenolics, phenol modified rosin derivatives, maleic modified rosin derivatives, ester gums, polyamides reactives, acrylic resins, long and medium oil alkyds, short oil non drying alkyds, air drying chain stopped alkyds, short oil modified alkyds, and amino resins. The company was founded in 1979 and is based in Indore, India.

Plot Number 42, Sector A

Industrial Area, Sanwer Road

Indore,  452003

India

Founded in 1979

Phone:

91 73 1272 1079

Fax:

91 73 1272 2852

Key Executives for GOM Industries Ltd.

Managing Director and Director
Age: 52
Vice President of Technical and Director
Compensation as of Fiscal Year 2017.

GOM Industries Ltd. Key Developments

GOM Industries Ltd To Be Delisted From BSE, Effective August 23, 2017

Trading Members of the Bombay Stock Exchange (BSE) are hereby informed that the GOM Industries Ltd that has remained suspended for more than 10 years would be delisted from the platform of the Exchange, with effect from August 23, 2017 pursuant to order of the Delisting Committee of the Exchange in terms of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 (“Regulations”). As per SEBI Delisting Regulations, 2009 the following consequences of compulsory delisting would apply to the company: The securities of the company would cease to be listed and therefore not be available for trading on the platform of the Exchange. Promoters of the delisted company will be required to purchase the shares from the public shareholders as per the fair value determined by the independent valuer appointed by the Exchange, as mentioned in the Public Notice to be issued shortly. Further, in terms of Regulation 24 of Delisting Regulations, the delisted company, its whole-time directors, promoters and group companies shall be debarred from accessing the securities market for a period of 10 years from the date of compulsory delisting. As per SEBI circular no. SEBI/HO/CFD/DCR/CIR/P/2016/81 dated September 7, 2016, till the time promoters of the Company provide an exit option to the public shareholders in terms of value determined by the Valuer, the following consequences of compulsory delisting would also apply: Non-transferability of any of equity shares by the Company, by way of sale, pledge, etc., of any of the equity shares; Freezing of equity shares and corporate benefits thereof held by the promoters/ promoter group; The promoters and whole-time directors of the Company shall not be eligible to become directors of any listed company. Further, the company would be moved to the Dissemination Board of the Exchange for a period of 5 years as advised by SEBI.

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Recent Private Companies Transactions

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