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Maharashtra Corporation Ltd logo

Maharashtra Corporation Ltd

NSE: BSE: 505523

₹0.36

(2.70%)

Mon, 25 May 2026, 05:21 pm

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Company History

1982

  • The company was incorporated as Maharashtra Industrial Leasing and Investments Ltd and engaged in the activities of leasing and investments with business interests in finance and trading.

2004

  • The board of the company approved to increase the authorized capital of the company from Rs.0.25 crore to Rs.1 crore.
  • The board approved to issue 4.5 lakh equity shares in the proportion of 2 equity shares for every 1 equity share held to the existing shareholders on a rights basis.

2005

  • The board of the company approved to increase authorized share capital from Rs 1 crore divided into 10 lakh shares of Rs 10 each to Rs 1.5 crore divided into 15 lakh shares of Rs 10 each.
  • The board approved to issue 7.50 lakh equity shares of Rs 10 each for cash at par to a select group on a preferential basis.

2006

  • The company changed its name from Maharashtra Industrial Leasing and Investment Ltd to Maharashtra Overseas Ltd with effect from 31st May 2006.
  • The board of directors allotted 22,08,333 equity shares of Rs 10 each to the shareholders of the company in the ratio of 5:3.

2007

  • Mr. Ramesh Kumar Bhattar was re-appointed as director of the company.
  • The company name was changed from Maharashtra Industrial Leasing & Industries Ltd to Maharashtra Overseas Ltd

2011

  • The company changed its name from Maharashtra Overseas Ltd. to Maharashtra Corporation Ltd.

2022

  • The company issued rights shares of Rs. 1 in the ratio of 11:3 at par.