Sacheta Metals has received an approval to raise fund for its backward integration expansion plans, of an amount not exceeding Rs 10.00 crore by way of issue of equity shares, not exceeding 45,45,000 equity shares, at a price as to be determined under preferential issue guidelines of SEBI. The board at its meeting held on September 19, 2011 has considered and approved the same. Further, the approval is subject to approval of shareholders and other approvals as may be required.
Sacheta Metals is one of the major manufacturers and exporters of Aluminium Utensils - Casting - Sheet - Circles, Non Stick Cookware - Pressure Cooker and other Houseware and also Stainless Steel Kitchenware in India. They have also started manufacturing of stainless steel cutlery items in various design like tea spoon, desert spoon, fork, big spoon like zara, laddle, taveta, (Spectula), pan etc
