The Company was incorporated as SAAM INDUSTRIES LTD., on 17th February, 1994 with the Registrar of Companies, Madhya Pradesh. The Certificate of Commencement of Business was issued on 5th October, 1994. The name of the Company was changed to SAM INDUSTRIES LTD., pursuant to Special Resolution passed at the Extra Ordinary General Meeting held on 30th August, 1994 and a fresh Certificate of Incorporation was issued by the Registrar of Companies, Madhya Pradesh on 6th October, 1994. MAIN OBJECTS OF THE COMPANY The main objects of the Company as stated in the Memorandum of Association of the Company are as under: 1. To carry on the business of extracting oil/or other products either by crushing or by chemical or any other processes from til seeds, cotton seeds, soyabean seeds, sunflower seeds, salseeds, linseeds, castor seeds, groundnut seeds, rapeseeds, copra, mahua seeds or any other nut or seed or other oil bearing substances whatsoever. 2. To carry on business of manufacturers, refiners, importers and exporters of and dealers and merchants in copra, cotton seed, linseed, castorseed, soyabean seed, sunflower seed, groundnuts or any other nut or seed or oil bearing substances whatsoever and oils, cakes manufactured therefrom, makers and manufacturers of cattle feeds, nutrients, edible flour, textured foods, protein enriched foods and feeding and fattening preparations of every description and millers and flour merchants. The main objects of the company enables it to undertake the proposed activities for which the funds are being raised from the present issue. SUBSIDIARIES OF THE COMPANY The Company, at present, does not have any subsidiaries. There are no pending litigations/disputes, defaults, overdues, to Financial Institutions/Banks or in respect of payments of statutory dues or proceedings initiated for economic offenses against Promoters/Companies promoted by Promoters. There are no conflicts of interest between the proposed business of this company and that of any of the group companies. The company has during the period of construction purchased welding electrodes for Rs.3.37 lacs from one of the group companies viz. Dwekam Electrodes Limited. Other than this there has been no business transactions with any of the group companies. The company has no proposals at present to invest in/engage in business transactions with any of the companies where the promoters/directors of the company have any interest. 2013 - Registered Office of the Company has been shifted from 408, Dalamal Chambers, 29, New Marine Lines, Mumbai - 400 020 to Office No. 401, 4th Floors, Dalamal Chambers, 29, New Marine Lines, Mumbai - 400 020, Maharashtra, 2014 -The Board has approved appointment of Mr. Kishore Kale, as an additional director on the Board of the company.