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Divinus Fabrics Ltd. Company History and Annual Growth Details

The Company was originally incorporated as ÂAVISHKAR FINANCE COMPANY LIMITEDÂ on 31ST

December, 1984 under the Companies Act, 1956 in the State of New Delhi. The Company obtained

certificate of Commencement of Business pursuant to Section 149(3) of the Companies Act, 1956 from

the Registrar of Companies, NCT of Delhi and Haryana vide certificate dated 21st February, 1985.

The Company came out with its initial public offering in the year 1985 for 150000 Equity Shares of Rs. 10

each and obtained listing on DSE.

Avishkar Finance Company Limited was formed with an object to carry on the business of Finance and

Hire Purchase and applied for obtaining registration with RBI as a Non Banking Financial Company

(ÂNBFCÂ). The RBI rejected the application of Company vide its letter dated 09th January 2003.

Subsequently Company changed its object by altering its Memorandum of Association and consequently

changed its name from ÂAvishkar Finance Company LimitedÂ to ÂDivinus fabrics LimitedÂ. The fresh

certificate of incorporation was issued by the ROC NCT of Delhi & Haryana on 27th September, 2013.

Major Events:

1984

Company was incorporated as ÂAVISHKAR FINANCE COMPANY LIMITEDÂ

1985

Initial Public Offering and listing of our Equity Shares on DSE

2003

Rejection of NBFC application from RBI

2013

Object of the Company changed to Fabrics

Name changed to Divinus Fabrics Limited

Preferential Allotment of Shares to Non Promoters

Bonus Issue in the ratio of 1:1

2013
-The Company has changed its name from Avishkar Finance Company Ltd. to Divinus Fabrics Ltd.

2015
-Divinus Fabrics Change of Registered Office to Plot No.15, B-2 , D Block Market, Vivek Vihar, Phase-1, New Delhi.

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