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Satra Properties (India) Ltd. Company History and Annual Growth Details

1983
The company was incorporated as Express Leasing Limited in the year 1983 to undertake the business of leasing, hire purchase, investments, finance and trading. Mr. Praful Satra and Mrs. Minaxi Satra, our present promoters acquired express Leasing Limited in June 2005 in compliance with SEBI SAST regulations. Subsequently the name was changed to Satra Properties (India) Ltd w.e.f December 2005.

2005

-Aryaman Financial Services Ltd ('Manager to the Offer') on behalf of Mr. Praful Nanji Satra and Mrs. Minaxi Praful Satra ('Acquirers') pursuant to Regulation 10 and 12 of Chapter III and in compliance with the Securities and Exchange Board of India Substantial Acquisition of Shares and Takeovers (SAST) Regulations 1997 and subsequent amendments thereto (the 'Regulations') has announced as below: The Acquirers are making an open offer to the public shareholders of Express Leasing Ltd ('Target Company'), whose name appear on the register of member as on the specified date March 18, 2005 to acquire 5,00,000 equity shares representing 20% of the share capital at a price of Rs 11/- (Rs Eleven Only) per fully paid up equity share for fully paid up shares (the 'Offer price') payable in cash.

2006
- Satra Properties India Ltd has entered into MOU for acquisition of property at Calicut, Kerala of plot size of 1 acre for a consideration of Rs 18 Crores (approx) having a potential of constructing a shopping Mall thereby generating a saleable area approximately of 1.5 Lacs Sq Fts along with permission to provide Multiplex under the proposed project name 'CALICUT GALLARIA'.

2007
-Satra Properties India Ltd has informed that the Company has executed the Deed of Conveyance for acquisition of property at Village Eksar, Taluka Borivli, District: Mumbai, for a consideration of Rs 95,00,000/- having a potential of constructing a residential complex thereby generating a saleable area approximately of 30,000 Sq. Ft. under the proposed project name Satra Enclave.

-Satra Properties India Ltd has signed MoU for prime Retail property in Jodhpur, India which is proposed to be named as Satra Galleria.

- Satra Properties acquires 100% stake in SPDPL.

- The Company has splits its face value from Rs10/- to Rs2/-.

2008

- Satra Properties India Ltd has signed DEED OF ASSIGNMENT for prime Retail property in Jodhpur Rajasthan.


-Satra Properties acquires Property at Bhopal.

-The Company has issued Bonus Shares in the Ratio of 2:1.
 
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