| With a solid,
growth-oriented approach and a business model to become a Global Customised
Manufacturing Company, Parekh Aluminex Limited aims
at being a preferred supplier of all conceivable types of Aluminium
Foil Containers (AFC) products. We will also be focusing
on high-end, value-added products that are currently not available
in the existing market; our decision to install balancing equipment
and invest in research and development activities is a step in this
direction. As part of our R&D activities,
we want to develop various types of moulds, which are the basic
building blocks of AFC production. This will augment Parekh
Aluminex Limited’s robust knowledge base in the production
capabilities of AFC
products and further, offer product variants unheard of so far in
global markets.
We shall fuel these activities by a further
infusion of capital fund in the business, to be raised through equity
as well as debt fund, in a judicious proportion. We propose to raise
equity up to Rs.50 million at appropriate premium
by issuing shares to Qualified Institutional Buyers
under Chapter XIIIA of SEBI regulation, as per
newly issued guidelines in this respect. Finer details on this front
are currently being worked upon and the implementation shall follow
shortly. The above strategy is being implemented with an aim to
make our company the global leader of AFC products.
The boosted financial capability shall also enable us to search
for acquisition and merger opportunities in the future to further
drive our growth plans. |
