The Company proposes to utilize the net proceeds towards the following objects:

I. To acquire the Machinery,
II. To meet Working Capital Requirements,
III. General corporate purpose,
IV. To Meet the Issue Expenses.

The Promoters of the Company are :

1. Mr. Khushant Gupta
2. Mr. Mithleshkumar M Agrawal
3. Qmin Pharma Private Limited
4. Miracle Stores Private Limited

1. Mr. Khushant Gupta : Mr. Khushant Gupta, aged 21 years, is the Managing Director and Promoter of the company. He has an experience of two years in the field of Textile Industry. He has completed his graduation from Gujarat University in the year 2018. He has been appointed as the Managing Director of the company w.e.f April 26, 2019.

Permanent Account Number : BYLPG9497F
Aadhar No. : 3016 1366 3424
Voter’s identification card No. : SDL1944537
Passport No. : T2825830
Driving License No. : GJ27 20140009056

2. Mr. Mithleshkumar M Agrawal : Mr. Mithlesh Kumar M Agrawal, aged 56 years, is a Non-Executive Director and promoter of the company. He passed secondary examination from Rajasthan Board. He looks after the administration part of the Company. He has more than 10 years of experience in textile industry. He is associated with the company since February 15, 2018.

Permanent Account Number : AVCPA6038M
Aadhar No. : 5989 5389 0883
Voter’s identification card No. : SDL1573211

3. Qmin Pharma Private Limited : M/s Qmin Pharma Private Limited is the Corporate Promoter of the Company. The company was incorporated on December 18, 2009 under the Companies Act, 1956 with a certificate of incorporation issued by the Registrar of Companies, Ahmedabad. Its corporate identity number is U51397GJ2009PTC058937 and its registered office is located at 28, Sahajanand Palace, Near shrusti bunglows, Thaltej, Ahmedabad -380059, Gujarat, India. The Paid up share capital of the company is Rs. 1,00,000/-. The Main objects of the company is to carry on business either itself or/and for others as manufacturers, representatives, dealers, factors, agents, stockiest, suppliers, consultant, exporter, importer, trader, whole sellers, retailers, packers, distributors to market, assemble distribute/redistribute, pack, repack, store all kind of types, nature and description of medicines or medicinal products, pharmaceutical, medicines, common, drugs, liquid and other intermediate products and applications prescribed under any branch of medicine including homeopathy, herbal, ayurved, unani, naturopathy, osteopathy for oral, intra muscular, parental and external application under any therapy for whatever purposes such as prevention, cure prophylactic and ntheishments.

4. Miracle Stores Private Limited : M/s Miracle Stores Private Limited is the Corporate Promoter of the Company. The company was incorporated on August 09, 2004 under the Companies Act, 1956 with a certificate of incorporation issued by the Registrar of Companies, Ahmedabad. Its corporate identity number is U51393GJ2004PTC044579 and its registered office is located at 28, Sahajanand Palace, Near Shrusti bunglows, Thaltej Ahmedabad -380059, Gujarat, India. The Paid up share capital of the company is Rs. 1,00,000/-. The Main objects of the company is to sell, purchase, import, export, deal in and setup, run and franchise chain of retail stores dealing in furniture and furniture accessories, home and office accessories, gift including vases, frames, candle, decorative, pieces, wallpapers, art and pictures, clock, pots, desk accessories, mirror, glasses, license, hardware, lights and lights fixtures, art facts and handicraft items made of all material silver and artificial jewellery, home textile and home furnishings bath products, ready-made garments.