|The Company was incorporated as Royal Financial (India) Limited on 14.10.1994 with the Registrar of Companies, Gujarat State at Ahmedabad. The name of the Company was changed to Royal Finance Limited and obtained change of name certificate on 04.01.1995 and obtained certificate for Commencement of Business on 21.10.1994. The Company is
promoted by Shri Ismail G. Memon, Shri Arif I. Memon, Shri Salim I.Memon and Smt. Shabnam A. Memon for the purpose of carrying on the business of leasing and hire-purchase bill discounting as fully described elsewhere in this Prospectus.
-Company name has been changed from Royal Finance Ltd to KGN Industries Ltd.