Akashdeep Metal Industries Limited is a limited company incorporated in December 12, 1983 and is into the business of investment in securities and providing loans and advances. The Company is a registered NBFC with RBI. Since the asset size of the company is not more than Rs. 500 crores it is presently Non Systemically Important Non Deposit taking NBFC. During the year under review 2018, the Company made preferential allotment of Rs 5,40,41,210 divided into 54,04,121 equity shares of Rs 10 each on 27th February 2018. The company listed these securities on BSE on 21st May, 2018 and got the trading approval on 20th June, 2018. Upon preferential allotment, paid up share capital of the Company was increased from Rs 3,09,85,000 divided into 30,98,500 equity shares of Rs 10 to Rs 8,50,26,210 divided into 85,02,621 equity shares of Rs 10 each. Mr. Rajesh Gupta and his PACs have proposed for Change in Control and to act as Promoter and Promoter Group of Akashdeep Metal Industries Limited by Letter of Offer dated February 22, 2018. However, the final report for Change in Control has been filled by Manager to Offer on 2nd April 2018. Hence from F.Y 2018-19 onwards, Mr. Rajesh Gupta and his PACs shall be categorized as Promoter and Promoter Group. During the year under review 2018, the Registered Office of the company has been shifted from 100, Vaishali Pitampura , Delhi - 110034 to 14, Dayanand Vihar, Backside Ground Floor , Vikas Marg Extn., Delhi - 110092 w.e.f 2nd May 2018. During the year under review 2018, M/s. Anmol Financial Services Limited became wholly owned subsidiary of the Company w.e.f 27th February 2018. In FY19, the Members of the Company have accorded its approval through postal ballot to sale, transfer or dispose the shares held by the Company in its Wholly Owned Subsidiary Company i.e Anmol Financial Services Limited. Subsequently Anmol Financial Services Limited will cease to be subsidiary of Akashdeep Metal Industries Limited subject to the approval of RBI in terms of RBI Directions made in this behalf.