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Shardul Securities Ltd. Company History and Annual Growth Details


1985 - The company was originally incorporated as a Public Limited
Company on 23rd July, with the name of Spotlight Trade & Finance

- The company made its maiden Public Issue of Equity Shares
aggregating Rs. 15 lacs in December.

- The main business of the company was lending finance and hence
the income was by way of interest. The Company had not made any
profits during that period.

- The promoters of the company have varied experience in Merchant
Banking, Corporate Finance, Tax planning, and Capital Market

1993 - The Company name was changed to the present name, Shriyam
Securities & Finance Ltd. w.e.f. 14th May.

1994 - The Company has a wholly owned subsidiary company, Shryam Broking
Intermediary Limited incorporated on 23rd September, with a view
to specialise into the area of broking & portfolio management.

1996 - The wholly owned subsidiary viz. Shriyam Broking Intermediary
Limited, acquired a membership card of BSE in July.

1997 - The Company launched its Fixed Deposit Programme last year and
the initial response was very encouraging.

2000 - The Company has taken to enter into software development,
e-commerce and trade and all other related activities.

- Mr. Devesh Chaturvedi, the Chairman of the company, has acquired
8,70,350 additional shares alongwith his family members during the period
of October 1999 to September 2000.


-The Company has recommended a dividend of 10% (i.e. Re 1/- per share) on Equity Shares of Rs 10/- each of the Company.


-The Company approved the investment upto Rs 50 crores to the Antique Stock Broking Ltd and / or Antique Group, to jointly carry on the business of stock brokers, portfolio management, and other incidental activities.

-Appointment of Mr. Naveen Chaturvedi as Executive Director of the Company.

-The Company has approved the dividend @ 10% of Equity Share Capital (Re 1/- per equity share of Rs 10/- each).


-The Company has approved the dividend @ 10% of Equity Share Capital (Re 1/- per equity Share of Rs 10/- each).


-Recommendation of Final Dividend @ 10% (Rupee 1 per equity share).


-Recommendation of Final Dividend @ 12% (Rupee 1.2 per equity share).


-Recommendation of Final Dividend @ 12% (Rupee 1.2 per equity share).


-The Company has recommended Dividend of Rs. 0.60 per share (6%) on Equity Shares of Rs. 10.

-The Board of Directors of the Company has appointed M/s R. Jaitlia & Co. as Internal Auditor of the Company.