Prabhhans Industries Ltd, formerly known as Sea Gold Infrastructure Limited, was founded in October 1993 in Andhra Pradesh with the primary objective of developing, managing, and operating aquacultural ponds for various marine products. Subsequently, the company shifted its focus to infrastructure activities. In August 2011, the company underwent a Capital Reduction Scheme approved by the Andhra Pradesh High Court. Currently, the company is led by Parminder Kaur and P Sanath Kumar, and its shrimp farm is situated in Korlam Village, Andhra Pradesh.
The company has established partnerships for hatchery operations with Samurai Techno Trading Pvt Ltd of Kings Group and a 100% buy-back arrangement with King Fisheries, one of its co-promoters. Initially going public in March 1995, the company issued 30 lakh equity shares of Rs 10 each, aggregating to Rs 300 lakh.
In the financial year 2010-11, the company executed a Scheme of Arrangement with its members, approved by the Andhra Pradesh High Court, leading to several developments:
i) The allotment of 37,50,000 equity shares of Rs.10 each to new promoters and associates on a preferential basis.
ii) Conversion of unsecured loans into equity shares.
iii) Change of the company's name to Sea Gold Infrastructure Limited.
iv) Initiation of the listing process on the Bombay Stock Exchange for the allotted shares.
v) Transfer of management to the new promoters and associates.
In 2012-13, the company successfully completed the transition of its main objectives from aquaculture to infrastructure activities. Consequently, the company's name was changed from Sea Gold Aqua Farms Limited to Sea Gold Infrastructure Limited. Finally, in 2021-22, the company rebranded as Prabhhans Industries Limited.
The company has established partnerships for hatchery operations with Samurai Techno Trading Pvt Ltd of Kings Group and a 100% buy-back arrangement with King Fisheries, one of its co-promoters. Initially going public in March 1995, the company issued 30 lakh equity shares of Rs 10 each, aggregating to Rs 300 lakh.
In the financial year 2010-11, the company executed a Scheme of Arrangement with its members, approved by the Andhra Pradesh High Court, leading to several developments:
i) The allotment of 37,50,000 equity shares of Rs.10 each to new promoters and associates on a preferential basis.
ii) Conversion of unsecured loans into equity shares.
iii) Change of the company's name to Sea Gold Infrastructure Limited.
iv) Initiation of the listing process on the Bombay Stock Exchange for the allotted shares.
v) Transfer of management to the new promoters and associates.
In 2012-13, the company successfully completed the transition of its main objectives from aquaculture to infrastructure activities. Consequently, the company's name was changed from Sea Gold Aqua Farms Limited to Sea Gold Infrastructure Limited. Finally, in 2021-22, the company rebranded as Prabhhans Industries Limited.
