Galaxy Cloud Kitchens Ltd
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BSE Code:
506186
NSE Code:
GCKL
Business Profile
Business Profile
Galaxy Entertainment Corporation(GECL is a leisure and entertainment organisation. It operates one of South Asia`s largest state of the art premium family entertainment centre. This entertainment centre at Mumbai comprises bowling and other game facility, bars and banquet halls. Chatterjee Management Services have ceased to act as the promoters of the company and Pantaloon Retail (India) , with a stake of 15.73% and Bellona Finvest Limited are the promoters of the company.
The company focuses on leisure & entertainment business segment comprising of food & beverage, games & restaurant activities. It entered into a joint venture (with 51% equity stake) with M/s. Ridge Foods, a division of Ridge Hospitals Pvt. Ltd. for acquiring the existing assets of Ridge Foods including franchisee rights of tropical Smoothie Cafe, a USA brand of fresh fruit drink.
Galaxy Lifestyle Restaurants is a wholly owned subsidiary company. CeeZee Foods Private Limited is a wholly owned subsidiary and is engaged in the Restaurant business which was acquired by the company and currently offers the `Sports Bar` restaurant at Colaba, Mumbai.
Recent Developments
Pantaloon Retail`s open offer to minority shareholders of Galaxy Entertainment Corporation seems to hit a roadblock. In a notification sent to the Bombay Stock Exchange (BSE) today, the company says it had proposed to acquire 25,42,400 shares in Galaxy at Rs 51 through an open offer in April last year. However, it managed to acquire no shares in Galaxy.
The board of directors of the company pass resolution by circulation, for appointment of Ms. Udita Jhunjhunwala as an additional director of the company .