In 2014, the company initiated a new venture under the name 'Cakesmiths' to diversify its business, focusing on the trade of baking accessories and ingredients.
On August 11, 2017, the company ceased all activities related to its Non-Banking Financial Company and voluntarily surrendered its Certificate of Registration to the Reserve Bank of India.
During a board meeting held on May 6, 2017, the directors approved the allotment of 3,00,069 bonus equity shares to eligible members, excluding promoters and promoter-controlled entities. This allotment was made in the ratio of 32 fully paid equity shares of face value Re 1 each for every existing 21 fully paid equity shares of Re 1 each. Following the bonus issue, the company's issued share capital stands at Rs 10,88,169, and the paid-up and subscribed share capital is Rs 10,87,944, comprising 10,87,719 fully paid equity shares of Re 1 each and 450 forfeited equity shares of Rs 225.
In the fiscal year 2017-18, the company ceased all operations related to its Non-Banking Financial Company and voluntarily surrendered its NBFC license to the RBI.
In 2018, the company temporarily leased out its Cakesmiths division, effective from May 1, 2018.