About the Company
(i) G.G. Automotive Gears Ltd. is a leading manufacturer of traction gears and pinions, based out of Dewas, Madhya Pradesh in India. Let us learn what is tractions gears and pinions to get a clear insight into the business of G.G. Automotive Gears Ltd. " The pinion is the only thing with the help of which power is transferred from engine to wheel. It is situated inside the traction motor of the engine. The material of the pinion is cast iron. The gear of pinion is mounted on the gear of the axle of the wheel. When power comes from the engine to the traction motor, this rotates the pinion on its axis which rotates the axle gear. This, in turn, rotates the wheel. Hence the engine moves forward"
(ii) G.G. Automotive Gears Ltd has been a market leader in Locomotive gears for the last 40 years. Established in 1974, the company undertakes to manufacture of traction gears as a strategic shift from its traditional business of automotive gears.
Listing of Shares
i) The Equity Shares of the Company are listed on the BSE Limited, Mumbai. However, the trading of shares has been suspended by BSE due to non-compliance.
ii) The Company received Listing Approval for 10,77,267 Bonus Equity Shares kept in abeyance dated 23rd May 2018 and subsequently Trading approval dated 26th September 2018 from Bombay Stock Exchange for trading said 10,77,267. The said shares also listed at Bombay Stock Exchange w.e.f. 27th September 2018.
iii) Further, the company has already in progress to obtaining in-principle approval from Bombay Stock Exchange for Revocation of Company.
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