U P ASBESTOS LIMITED UNLISTED SHARE
Instituted on 18 July 1973 U P Asbestos Limited is a Public Limited Company registered at the registrar of companies in Kanpur, Uttar Pradesh. The authorized equity capital of the company is Rs. 15,25,00,000 and the paid-up capital is Rs. 9,10,71,928. U P Asbestos Limited is a producer and marketer of fiber cement sheets. U P Asbestos Limited also known as UPAL has recently started marketing Coloured Profile Steel Sheets. The company has taken the green initiative and installed solar panels at its Lucknow manufacturing facility.
The company's main products are as under: -
INCORPORATION DETAILS
|
CIN |
L26942UP1973PLC003743 |
|
Registration Date |
18 July 1973 |
|
Company Name |
U. P. Asbestos Limited |
|
Email Address |
upasbestos@upasbestos.com |
|
Category/Sub-category of the Company |
Company Limited by Shares/Non-Government Company |
|
Class of Company |
Public Company |
|
Registration Number |
3743 |
|
Address of the Registered office & contact details |
P O Mohanlalganj, Lucknow – 226 301, Uttar Pradesh, India |
|
Address and Contact details of Registrar Transfer Agent |
K Fin Technologies Karvy Selenium Tower B Plot No. 31 & 32, Gachibowli, Financial District Nanakramguda, Hyderabad – 500032 |
|
Listing Status |
Unlisted |
BOARD OF DIRECTORS
|
S. No. |
Name of Directors |
Category of Directors |
|
1. |
Mr. Amitabh Tayal |
Managing Director |
|
2. |
Mr. Paras Nath Singh |
Non-Executive Director (Independent) |
|
3. |
Mr. Qamar Syed Wajahat |
Non-Executive Director (Independent) |
|
4. |
Mrs. Mala Agrawal |
Non-Executive Director (Independent) |
|
5. |
Mr. Priyank Tayal |
Whole Time Director |
|
6. |
Mr. Gaurav Arora |
Chief Financial Officer |
|
7. |
Ms. Sakshi Pandey |
Company Secretary & Compliance Officer |
|
8. |
Mr. M P Singh |
General Manager (Sales) |
|
9. |
Mr. G N Srivastava |
General Manager (Admin) |
Principal Business Activities of the Company
|
S. No. |
Name & Description of main products/services |
NIC Code of the Product /service |
% to the total turnover of the company |
|
1 |
Corrugated Cement Asbestos Sheets |
23959 |
70.28 % |
|
2 |
Profile Steel Sheet |
25910 |
03.44 % |
|
3. |
Miscellaneous Services |
9953 |
26.28 % |
|
TOTAL |
100.00% |
SHAREHOLDING PATTERN
(As of 31-03-2021)
|
S. No. |
Shareholder’s Category |
No. of Shares |
% of total Shares of the company |
|
1 |
Promoter and Promoters Group |
65,10,774 |
71.50% |
|
2 |
Public |
25,96,419 |
28.50 % |
|
|
Total |
91,07,193 |
100.00% |
Industry Outlook
Cement Asbestos Products remain in high demand due to their affordability, and other qualities such as corrosion resistance, weather resistance, and fire resistance. The Indian economy has been described as a "bright spot" in the global economy by the International Monetary Fund (IMF). In comparison to last year, the Indian economy grew noticeably and the GDP projected overall growth of 7.3 percent in 2020-2021 is slow. According to the IMF, India's growth will rebound to 9.5 percent in 2021-2022 as a result of Private consumption has increased significantly.
The Roofing Sheets are widely used for roofing, cattle sheds, and warehouses. The performance of our industry is directly related to the performance of rural/semi-urban economies. Slow growth in 2019-20 and 2020-21 due to the weak monsoon, the COVID-19 pandemic, and market uncertainty.
