|The Company was incorporated on April 21, 1994, as JRC Finvest
Limited, in the office of the Registrars of Companies, Gujarat
at Ahmedabad. The Company obtained the Certificate for the
Commencement of Business on May 3, 1994.
The Company has since commenced operations in the areas of bill
discounting, investments, trading in shares. lending and
investment in real estates.
The Main Object of the Company as set out in the Memorandum of
Association is as under:
1. To carry on and undertake the business as Financiers and to
finance lease operations of all kinds, such as hiring, letting
on hire and dealing in all kinds of properly, movable and
immovable, goods, chattels, motor cars, motor buses, vehicles,
plant, land and building, machinery of all types and bullion
stocks, shares, and securities issued by any Company; and to
finance industrial enterprises and to promote companies engaged
in industrial and trading business.
2. To carry on the business of an investment Company and to
invest the capital and other moneys of the Company and to enter
into forward and speculative transactions in the purchase or
upon the security of shares, stocks, units, debentures,
debenture stock, bonds, mortgages, obligations and securities
issued or guaranteed by any Company, corporation or undertaking
of whatever nature, whether incorporated or otherwise, and
wheresoever constituted or carrying on business and to buy,
convey sell or otherwise deal in shares, stocks, debentures,
debenture stock, bonds, notes mortgages, obligations and other
securities issued or guaranteed by any government, sovereign,
ruler, commissioners, trust, municipal, local or other authority
or body of whatever nature in India or abroad.
3. PRESENT BUSINESS:
The Company has commenced commercial operations since July 1994
and presently has an equity base of Rs. 300 lakhs.
The Company has discounted trade bills to the extent of Rs. 77
lakhs. In the area of investment banking the Company has so far
deployed Rs. 165 lakhs for the purchase of shares and units.
The Company has also disbursed Rs. 23.50 lakhs as short term
lending to various Companies. The Company has also invested Rs.
53.90 lacs in the real estate in Dahanu Dist. Thane to develop
7000 sq.ft. of commercial area and 2500 sq.ft residential area.
-Company name has been changed from JRC Industries Ltd to Aadi Industries Ltd.
-Registered Office of the Company has been shifted To Siddhivinayak Society, Building No. 320, Flat No. 7, Hingwala Lane, Pant Nagar, Ghatkopar (East), Mumbai - 400075.
-Aadi Industries has recommended a dividend of Rs. 0.50 per share (5%) each.