|Our Company was incorporated as a Private Limited Company on 25th May 1992, under the name and style of
Mercantile & Management Services Private Ltd and subsequently was converted into a Public Limited Company
March 1994 and the name was changed to Rathi Mercantile & Management Services Limited. The name was changed
to Rathi Mercantile Industries Limited on 23rd May 1994. The Company came out with a Public Issue of 17,10,000
shares of Rs.10 each on 24th October 1994 and got its shares listed in Bombay, Calcutta and Ahmedabad Stock Exchanges.
In June 1998, the Yash Birla Group acquired the controlling stake in the Company from the then promoters namely
Shyamsunder Rathi and his associates & group companies. They had acquired 21,43,600 equity shares via Share Purchase
Agreement dated 27th January, 1998 and made an open offer pursuant to SEBI Takeover Regulations 1997, to
further 20% of the equity capital i.e. upto 7,60,000 shares to the shareholders of Rathi Merchantile Industries Limited
(erstwhile name of Birla Shloka Edutech Limited).
The Open Offer was kept open from 22nd June to 21st July, 1998 and was made to those members whose names appeared
the register of members as on 22nd May, 1998, at a price of Rs. 1.50 per share. All the SEBI (SAST) Regulations
complied with at the time of the Open Offer.
The company was renamed on 12th February 2002 as Shloka Infotech Limited.
The Honble High Court of Judicature of Mumbai vide its Order dated June, 27th 2008 has approved the scheme
Amalgamation entered into by the company under section 391and 394 of the Companies Act, 1956 with six companies
namely Shloka Academy Private Limited, Shloka Finance Consultancy Private Limited, Shloka Graphics Private Limited,
Shloka Peripheral Private Limited, Shloka Publications Private Limited and Shloka Software Private Limited. As per
order 22,00,000 numbers of shares were issued to the shareholders of these companies in the ratio stated below:
Sr. No No. of equity shares of Rs. 10 each in In exchange of no. In Transfer Co.
Birla Shloka Edutech Ltd. of equity shares
a. 17 10 Shloka Academy Pvt.Ltd.
b. 33 10 Shloka Fin Con Pvt Ltd
c. 2 10 Shloka Graphics Pvt Ltd
d. 2 10 Shloka Peripheral Pvt. Ltd
e. 2 10 Shloka Publication Pvt. Ltd.
f. 2 10 Shloka Software Pvt. Ltd
Our Company changed the name once again to Birla Shloka Edutech Limited on 26th December 2008.