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Alka Securities Ltd. Company History and Annual Growth Details

1986 - The Alka Group Company was founded in 1986 by Mr. Mahesh Kothari with the acquisition of membership of Bombay Stock Exchange. Alka Securities Limited (ASL), which is a part of the group, is one of the leading fixed income brokerage houses in the country.

1992 - With the introduction of concept of research in the stocks in 1992 the company become of the first stock broking companies in India with this innovative thinking.

1994 - At the time of formation of NSE in the year 1994, the company was one of its first members.

1996 - Alka Securities was floated on the main market of the Stock Exchange, Mumbai in 1996 with a maiden IPO.

2006 - There was a split in the shares of the company in the ratio 1:5.

2007 - Alka Securities had approved on 11th June 2007 to increase the authorized share capital of the company from Rs 110,000,000 to Rs 200,000,000.

- The Company has splits its face value from Rs.10/- to Rs.2/-.

2009

- Alka Securities Ltd has informed that the Board of Directors of the Company at its meeting held on April 30, 2009, inter alia, has appointed Mr. Dinesh Bohra as Additional Director of the Company.

- Alka Securities Ltd has appointed Mr. Tejas Pandey as Additional Director of the Company, subject to Approval from NSE and SEBI.

-Company has splits its Face value of Shares from Rs 2 to Re 1.

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