What is the Deal About D Technology Private Limited?
D Technology Private Limited is a limited company incorporated on 10 September 2021 under the Companies Act of India. It is legally classified as a Non-profit Company and is listed as a Public Company in Registrar of Companies, Mumbai. Its share capital is approximately Rs. D Technology Private Limited’s AGM was last held on 25 September 2021 and as per records in the Ministry of Corporate Affairs, its balance sheet has not been filed since March 2021.
D Technology Private Limited, under the Companies Act, is a Public limited company type that does not have a share capital and is therefore not liable to submit its annual financial report. Its registered office is c/o Markham Limited, PO Box 5acea Millenium, Hyderabad, India. Its directors are: Balu Ram Gopal Varma, Subodhalingam Naidu, K.R.Naidu, S.Naidu, and Subodhalingam. Balu Ram Gopal Varma, a resident of Chennai is listed as a director of this company. He has been an independent director of this company since its incorporation in 1991.
D Technology Private Limited has a limited partnership or two class shareholders namely Se Cathedral Properties Limited and Markham Ltd. The limited partners or proprietors of this company are also listed as Subodhalingam Naidu, Subodhalingam Gopal Varma, Subodhalingam Naidu, and S.Naidu. As mentioned earlier, D Technology Private Limited was incorporated in the year 2021 and its registered office is c/o Markham Limited, PO Box 5acea Millenium, Hyderabad, India. It has no permanent head office.
According to records, D Technology Private Limited had sold its stake in HPY last October. However, this sale of its stake came after a lot of speculations were made about the future of this entity, and the manner in which it would dispose of its shares. Some people had even gone to the extent of quoting that D Technology Private Limited would be floated in the market. The future of this entity was also mentioned as “unclear”.
D technology private limited is now in the process of shifting its base to Chelang, Malaysia. This is being done as a result of pressures from the current directors of the company to sell their interests to another entity. According to the reports, the current status of a technology private limited is that it is still being run as a private limited company despite being listed on the Indian stock exchange. There are doubts regarding the future of the organization being present in the current market since there are chances that the shares of the company might not be able to raise funds.
There are no direct or indirect connections between D Technology Private Limited and CMC. These two companies do not have any relationship at this present moment. CMC is an indirect holder of a considerable number of shares and a controlling interest in this company. Therefore, CMC may not be able to prevent D Technology Private Limited from selling its stake in HPY. D Technology Private Limited has a large number of shareholders and a substantial amount of money.
According to the latest records available, CMC currently holds a 19.5% of the total share capital of HPY. A majority of the directors of D Technology Private Limited are associated with CMC. This would mean that a majority of the directors of this company hold a huge portion of the capital stock of HPY. The fact is that no direct tie between D Technology Private Limited and CMC is present as of now. D Technology Private Limited and its directors are merely associated with CMC inasmuch as they help in the day to day financial operations of HPY.
The business is said to be associated with the September 3rd edition of September this year. The current trading price of D Technology Private Limited’s stock is about $5.00 a share. The current market value of the company’s equity is about two hundred million dollars. The numbers and facts related to D Technology Private Limited are provided in the September 3rd edition of September’s business news.