Charms Industries Ltd Company Summary

Charms Industries Limited was established in 1992. Earlier, Company was engaged in the Business of Full Fledged Money Changer (FFMC) in terms of the License issued by the Reserve Bank of India. Due to cancellation of the registration/ license of FFMC by the Reserve Bank of India dated February 15, 2022, Company discontinued the business of money changer.

It affected the international tours and travels, business badly and hence there was no revenue in Financial Year 2021-22 and Company therefore stopped the business/services of FFMC. Thereafter, the Board decided to explore other business opportunity. Currently, the Company is engaged in the business of agriculture produce since January 2023.

In Agriculture produce, Company deals in all or any types of products of agricultural, horticulture, herbals, industrial products, consumer products, consumer durables, building materials, pharmaceuticals, engineering, chemicals, petro-chemicals, rubber, plastics, polymers, textile, all type of precious metals, metal ferrous and non-ferrous metal products, stones, semiprecious stones, precious stones of all shapes, specifications and varieties.The Company commenced new business line of trading and dealing Sponge iron as covered in the Main Object Clause of the Company along with existing business activities from the year starting on 1st April, 2024.