Requirement of Funds

The proceeds of the Issue, after deducting Issue related expenses, are estimated to be Rs. 2,110.00 lakhs (the “Net Proceeds”).

We intend to utilize the Net Proceeds from Issue towards the following objects:

1. Funding the working capital requirements of the Company,
2. General corporate purposes,
3. Issue related expenses.

The Promoters of the Company are :

1. Vipin Prakash Mangal
2. Chanakya Prakash Mangal
3. Chandragupt Prakash Mangal.

1. Vipin Prakash Mangal : Vipin Prakash Mangal, aged 51 years, is the Promoter, Chairman and Director of the company. He has been appointed as Director of the company w.e.f. September 03, 2019. He holds Bachelor’s degree in Commerce from University of Ajmer. He has 30 years of business experience in manufacturing, trading of various commercial commodities and affiliated consultancy services. He plays vital role in formulating business strategies and effective implementation of the same. He is responsible for expansion and overall management of the business of the company. His leadership abilities have been instrumental in leading the core team of the Company.

PAN : ABLPM2843F
Passport No. : Z2124770
Driving License No. GJ01 20090039708
Aadhaar Card No. : 404413123347

2. Chanakya Prakash Mangal : Chanakya Prakash Mangal, aged 24 years, is Promoter and Joint Managing Director and COO of the company. He has been appointed as Additional Director of the company w.e.f. November 15, 2013 and was designated as Joint Managing Director of the company w.e.f. September 18, 2019. He holds Bachelor’s degree in Commerce from Gujarat University. He has been actively involved in the day-to-day operations of the Company and looks after the sales and administration department of the Company.

PAN : AKYPM6446Q
Passport No. : K7598814
Driving License No. GJ01 20130056509
Aadhaar Card No. : 282522146018

3. Chandragupt Prakash Mangal : Chandragupt Prakash Mangal, aged 21 years, is Promoter and Joint Managing Director and CEO of the company. He has been appointed as Additional Director of the company w.e.f. January 18, 2016 and was designated as Joint Managing Director of the company w.e.f. September 18, 2019. He holds degree in Supply
Chain Management from Kelley School of Business, Indiana University and also holds level II badge in CFA from CFA Institute. He has been actively involved in the day-to-day operations of the Company and looks after the finance and overall administration of the Company.

PAN : AKYPM6437B
Passport No. : K7598813
Driving License No. GJ01 20150025122
Aadhaar Card No. : 921443821493