RAJGOR CASTOR DERIVATI L

Rajgor Castor Derivatives Limited was originally incorporated as 'Hindprakash Castor Derivatives Private Limited' as a Private Limited Company vide Certificate of Incorporation on June 13, 2018, issued by Registrar of Companies, Central Registration Centre. The name of the Company was changed from 'Hindprakash Castor Derivatives Private Limited' to 'Ardent Castor Derivatives Private Limited', dated January 20, 2022 and thereafter from 'Ardent Castor Derivatives Private Limited' to 'Rajgor Castor Derivatives Private Limited', dated February 15, 2022. Consequently, the Company was converted to Public Limited, name of the Company changed to 'Rajgor Castor Derivatives Limited' and a fresh Certificate of Incorporation dated July 5, 2022 was issued by Registrar of Companies, Ahmedabad. The Company is engaged in activity of manufacturing/dealing/trading of Castor Seeds, Castor derivative products, other merchandise etc. and leasing activity. The Company has commenced manufacturing of Refined Castor Oil First Stage Grade (F.S.G.), Castor De-Oiled Cake and High Protein Castor De-Oiled Cake for the domestic market. Castor oil is a yellow viscous liquid free from suspended matter and insoluble in water; which is produced by refining commercial grade Castor Oil after undertaking bleaching and filtering process. Castor oil has multiple industrial applications and is extensively demanded in Lubricants, Paints, Pharmaceuticals, Cable insulators, Sealants, Inks, Rubber and Textiles etc. It is used to relief Constipation, Eyelashes grow, Hair grow, Skin moisturiser ad to improve immunity function. It is used for applying on food grains to protect from the insects/fungus. Castor De-Oil Cake is fertilizer consisting of high content of Nitrogen, Phosphoric Acid, Potash and moisture retention and it is also an organic fertilizer which can be used as alternatives to chemical fertilizer. It is simple manure, which acts progressively that encourages soil microbial activity. High Protein Castor De Oiled Cake is an organic manure which enhances the fertility of the soil without causing any damage or decay. Prior to December 2021, the Company was engaged in the business of trading of agro commodity. But from Jan'22 onwards, the Current Promoters, the Rajgor Family purchased entire stake of M/s. Mangalam Global Enterprise Limited, consisting of 60,109 Equity Shares, in the Issuer Company. Since then, Rajgor Family has been actively managing the business of manufacturing of Castor Oil, Castor Seed, Castor Oil cake, High Protein Oil cake at the manufacturing units in Harij, Gujarat along with trading of agro-commodity. Company launched the initial offer by issuing 9561000 Equity Shares of Rs 10 each by raising the funds to Rs 47.81 crores, comprising a fresh issue of 8895000 Equity Shares amounting to Rs 44.48 crore and the offer for sale of 666000 Equity Shares amounting to Rs 3.33 crore in October 2023. The Company started export of castor oil in South Asian countries in 2024. It has expanded the business to new global territories in FY25.