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Choice International Ltd. Company History and Annual Growth Details

1993 - The Company was incorporated on 12th March, as Public Limited
Company in the name of Choice Financial Services Limited in the
State of Maharashtra. The Company obtained its certificate of
Commencement of business on March 30. The company has been
providing marketing and advisory services in the capital market
with its main focus on non-fund based activities.

- The Company is registered with Securities and Exchange Board of
India (SEBI) as a Category IV Merchant banker w.e.f. 16th

- The Company is engaged in various financial services especially
in the fields of Loan Syndication, Corporate Advisory services,
Merchant banking, placement of Equity and debt etc. The Company
has recently started treasury, leasing and investment activities.

- The Company has been approved by SEBI as Category IV Merchant
Banker with effect from October 8th. The company has since then
been independently handling Public and Rights Issues as Advisors.

- The Company has been appointed as Advisors to the issue for
public issues of 12 companies.

1994 - The Company has a subsidiary company incorporated on 2nd
December, viz. Utkristh Finance Ltd. The Company holds 99.78%
shares in its subsidiary company having a paid-up capital of
Rs.98,500. The balance 0.22% shares are held by its Managing
director and employees.

1995 - The Company made its maiden Public issue of 15 lacs Equity shares
of Rs. 10/- each at par aggregating Rs.150 lacs on 30th October.
The issue of the Company was oversubscribed despite the adverse
market conditions.

1997 - The Company diversified into trading of Electronic devise and the
name of the Company was changed to "Choice International Limited
12th November.

(No news for 98,99)


-The Company has entered into a contract with M/s. Tri-Trac Technologies Pvt. Ltd.

-Choice Hotels International has taken stake in Quality Inns India


-The Company has signed a joint venture agreement for a period of two years with Oak Brook Technologies, US, in the area of SAP implementation services.


-Shri. Hansraj Goyal has been appointed as a Managing Director.

-Registered office of the Company has been changed from 624, Corporate Park, Nirmal Life Styles, L.B.S Marg, Mulund (W), Mumbai to Office No 305, A P Market, Dr. C H Street, Behind Parsi Diary, Marine Lines, Mumbai.


-Shri. Kamal Poddar has been appointed as a Managing Director.

-Registered office of the Company has been shifted to

A-8, Narayan Plaza, 1st Floor,
26-A, Chandivali Road,
Opp Saki Vihar Road
Andheri (E) Mumbai- 400 072
Tele No. 022 28477003/04
Fax No. 022 28470511.


-Registered office of the Company shifted from A/8, Narayan Plaza, 1st Floor, 26- A, Off Saki Vihar Road, Chandivali, Andheri (East), Mumbai - 400072 to 202, Chartered House, Dr. C H Street, Dhobi Talab, Marine Lines, Mumbai - 400002.

-The Board has recommended final dividend of 10 paisa per equity share of Rs 10/- each.


-The Board has recommended final dividend of 5% i.e. 50 paisa per equity share.


-The Registered Office of the Company from "202,' Chartered House, Dr. C. H. Street, Marine Lines, Mumbai - 400 002" to "Shree Shakambhari Corporate Park, Plot No. 156-158, J. B. Nagar, Andheri (East), Mumbai - 400 099".

-The Board has recommended the Final Dividend @ 10% i.e. Rs. 1/- per Equity Share.

- The Board has considered and recommended the Final Dividend @ 10% i.e. Re. 1/- per Equity Share.

- The Board has considered and recommended the Final Dividend @ 10% i.e. Re. 1/- per Equity Share.