Trend Electronics was incorporated as Videocon Communications on June 16, 1989 and commenced its business on September 15, 1989. Main object of the company are set out in the Memorandum of Association and are also mentioned later in this prospectus. The company proposes to set up a sophisticated modern facility at village Bhalgaon for manufacturing Video Cassette Recorders/Video Cassette Players including Video Tape Deck Mechanism in technical collaboration with Toshiba Corporation, Japan.
In 2007 Company name got changed from Videocon Communications Ltd to Trend Electronics Ltd. pursuant to the approval of the Shareholders, the Central Government through Registrar of Companies, Maharashtra, Mumbai, has approved the Change of name of the company.
The Board of Directors of the Company at its meeting held on July 28, 2011, have accorded their approval to file a revised application and the documents to the Stock Exchanges for voluntary delisting of equity shares from Ahmedabad Stock Exchange Ltd; Bangalore Stock Exchange Ltd; Madras Stock Exchange Ltd; The Calcutta Stock Exchange Ltd and Pune Stock Exchange Ltd. as required under Chapter III of the SEBI (Delisting of Equity Shares Regulations, 2009) and by the Stock Exchanges.
The equity shares shall continue to remain listed on Bombay Stock Exchange Ltd having nationwide terminal.