|CIL Securities Ltd was incorporated in the state of Andhra Pradesh as a Private Limited Company under the name and style of Chunilal Investments Private Limited on 29th June 1989. Subsequently the Company was converted into Public Limited Company by passing a Special Resolution on 16th November 1993 and obtained fresh Certificate of Incorporation on 28th January 1994. The name of the Company was changed to CIL Securities Ltd. on 28th October 1994.
The Company is presently a SEBI registered Category II Merchant Banker, Member of the National Stock Exchange (NSE) in the Capital Market Segment and also a Category I SEBI registered Registrar and Share Transfer Agents.
CIL Securities Limited is presently engaged in the business of Trading and Broking in Shares and Stocks, Financial Advisory services, Investment Consultancy etc.
The Company's present activities can be classified into the following:
1. Stock broking - The Company is a sub-broker to M/s Krishna Agarwal, Member of Bombay Stock Exchange (BSE). The Company buys and sells Securities in the BSE on behalf of its clients. The present turnover of the Company from Stock broking is around Rs. 200 lacs per month.
2. Project Finance - The company commenced its operations with syndication of working capital finance, term loan, bridge loan and financial consultancy.
3. NSE Operations - Recently the Company has been admitted as a trading member of the National Stock Exchange, Capital Market Segment. The company started trading activities from the 3rd November, 1994.
The Company does not have any subsidiary companies.
2003-Delisting of equity shares from Hyderabad Stock Exchange.
-Cil Securities Ltd has informed that the equity shares of the company has been delisted from the Hyderabad Stock Exchange Ltd wef March 31, 2004.
-Cil Securities Ltd has informed that BoD of the Company at its meeting held on July 31, 2004 appointed Sri K. K. Maheshwari, Joint Managing Director as Chairman and Managing Director in place of Late Sri R. K. Maheshwari, Chairman and Managing Director