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What is shareholding pattern? Who are shareholders?
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Incon Engineers (Incon) was incorporated in Feb. '70 as a private limited company. Promoted by the late G S Chowdhury, a renowned engineer and scientist, the company was converted into a public limited company in Oct. '94. It is engaged in the business of supplying technical know-how, drawings and to a limited extent, turn-key supply of gas plants, chemical plants, etc. From time to time, the company has also executed turnkey projects for gas plants and welding electrode manufacturing plants. Fluid Energy Systems (FES), a sole proprietorship firm owned by Sreedhar Choudhury, was acquired by the company, to inrease its manufacturing capabilities and also to reduce the implementation time of setting up a new project. FES was in the business of manufacturing fluid energy mills, chemical process equipment, gas plants, etc.