KJMC FINANCIAL SERVICES LIMITED was originally incorporated as a
 private limited company in the name of Khandelwal Jain Management
 Consultancy Services Private Limited on 29th June 1988. The name was
 changed to KJMC Financial Services Private Limited with effect from
 17th December 1993. The company has since been converted into a
 Public Limited Company vide the fresh certificate of incorporation
 dated 28th October, 1994 in terms of Special Resolution passed on
 24.09.94.
 
 The Company, which was initially engaged in providing Management
 Consultancy services, is now a SEBI accredited category - 1 Merchant
 Banker engaged in various types of financial services like Issue
 Management, Underwriting, Term Loan & Working Capital Finance
 Syndication, Syndication of Lease & Hire Purchase finance, Promoter
 Funding, Bridge Loans, Placement of Securities with
 Banks/Institutions/Mutual Funds/FIIs/NRIs etc., Assisting
 Takeovers/Mergers, Broking and Short Term Finances like Inter
 Corporate 
 Deposits & Bills Discounting.
 
 Merchant Banking 
 
 Besides being an underwriter to a large number of capital issues, the
 Company has been associated with several Public and Right Issues in
 various capacities as under:
 
 Capacity            No. of issues*      Size of the Issue
                                              (Rs crores)
 
 Lead Manager	        10	             324.07
 Co-Manager	            12	             181.20
 Advisors	            13	             509.94
 Consultants	             2	             105.60
                        ---              -------
 	                    37	            1120.81
                        ---              -------
 
 *	Upto January 31, 1995
 
 Moreover, the Company has the mandate for following Public/Rights
 Issues as Lead Manager, which are likely to open by the first half of
 the year:
 
 Name of Issuer	                          Size of the Issue
 	                                     (Rs crores)
 
 Himachal Futuristic Communications Ltd.		    300.00
 Shree Vindhya Cast Coaters Ltd.		             12.00
 Shree Vindhya Sugar & Chemicals Ltd.		     30.00
 Bygging India Ltd.		                          4.50
 Multibis Financial Services Ltd.	              1.50
 Microtex Yarns Ltd.		                          3.50
 Nandini Syntex Ltd.		                          2.00
 Sanjeevni Industries Ltd.		                  2.19
 Elegance Textile Ltd.		                      2.00
 Sudal Industries Limited - Public Issue	          1.29
 Sudal Industries Limited - Right Issue		      1.80
 Dhoot Industrial Finance Limited		          2.92
                                                 ------
 	                                            363.70
                                                 ------
 Stock Exchange Memberships
 
 The Company is a member of National Stock Exchange for both the
 Wholesale Debt Market & Capital Market segments.  It is also a Dealer
 on the OTC Exchange of India Ltd. In addition, the Company has reached
 an understanding with Mr YD Sardana to purchase his Bhubaneshwar Stock
 Exchange membership card and has paid the full consideration of Rs 5
 lakhs for the same. An application to transfer the card in the
 Company's 
 name is being made to Bhubaneshwar Stock Exchange Association Ltd
 Through its Corporate Office in Bombay, branch office in Delhi &
 representative offices in Ahmedabad, Bangalore & Calcutta, the
 Company aims at providing all types of financial services under one
 roof as 
 an integrated financial services Company.  KJMC endeavours to
 associate with projects from the very initial stage of
 conceptulisation and helps its clients not only commission the
 project but also in running the same smoothly to achieve the
 objectives behind setting up the project.
 
 The Company has been empanelled as one of the approved brokers by
 Unit Trust of India and has applied for empanelment with other
 Institutions, Banks and Mutual Funds.
 
 FUTURE PLANS: 
 
 The company's future plans, which have not been taken into
 consideration for the proposed Requirement of Funds and Profitability
 Projections, include diversifying into Real Estate Development
 activities, sponsoring a Mutual Fund and promotion of a Housing
 Finance Company.
 
 For the Real Estate Development activities, twelve plots of land at
 Jaipur have already been acquired by the Promoters and their family
 members. A Memorandum of Understanding is being signed between the
 Company and the Promoters for real estate development.
 
 For the Mutual Fund, the necessary application has been submitted to
 the SEBI and the same is under their active consideration.
 
 MAIN OBJECTS OF THE COMPANY 
 
 The main objects of the company to be pursued by it on its
 incorporation, as set out in the Memorandum are as under: 
 
 1. To undertake, procure, render, provide, supply, establish and
 maintain services, facilities, conveniences, assistance, cooperation,
 supervision, guidance, consultation and advice in the field of
 commerce, industry, trade and science and in the matter of laws,
 revenues, taxation, finance fiscal organisation, management,
 administration personnel, designing of accounting costing records,
 Marketing, 
 distributing, Publicity, Insurance Banking, import, exports
 statistics, mathematics, soft ware and hard ware and other
 technologies including accounting and management services.
 
 2. To look after working capital, project, financing and implementing
 management policies.  
 
 3. To act as Placement agencies and to act as agents for securing
 employment or selecting and interviewing prospective employees for
 any job or employment.
 
 SUBSIDIARY 
 
 The company has one wholly-owned subsidiary namely KJMC Leasing &
 Finance Limited (KLF), having its Registered Office same as that of
 the Company. Following are the financial highlights of the company
 for the period from 29th March, 1994 to 30th September, 1994: 
 
                                               (Rs.) 
 
 Net Loss                                     739.00 
 Equity                                  1,07,000.00 
 
 PLANS OF THE SUBSIDIARY COMPANY
 
 KLF was originally incorporated on 29th March, 1994 with an objective
 to take up the Leasing & Hire Purchase activities which have now been
 taken up in the holding company itself.  The company's existing stock
 broking activities of NSE and OTCEI are proposed to be transferred to
 KLF. The name of KLF is proposed to be changed to KJMC Capital Market
 Services 
 Ltd. to reflect its proposed activities
 
 KJMC is presently a Dealer on the OTC Stock Exchange which is
 proposed to be upgraded to Membership, once the activities are
 transferred to the subsidiary company. This will help the KJMC Group
 to go for sponsorship of Capital Issues on OTC Stock Exchange, Market
 Making and Bought-out 
 deals. Because, in view of the proposed hike in the limit of paid-up
 capital of the companies to Rs.10 crore for being listed on Stock
 Exchanges, KJMC visualises good opportunities for members of OTC
 Stock Exchange where most of the smaller size Capital Issues will be
 made.
 
 2000 
 
 -The Company has signed an agreement with CDSL, NSDL and IIT
 Corporate Services Ltd. for dematerialisation.
 
 2007
 
 -The Company has appointed Mr. Rajnesh Jain as 'Executive Director'
 of the Company
 
 2008
 
 -The Company designated email Id of the grievance redressal division
 / compliance officer exclusively for the purpose of registering
 complaints by investors: investor.finance@kjmc.com.
 
 2010
 
 - The Board proposed the dividend @ 12% on Non-Cumulative Redeemable
 Preference Shares.
 
 2011
 
 - The Board proposed the dividend @ 12% on Non-Cumulative Redeemable
 Preference Shares.
 
 2012
 
 -The Board proposed the dividend @ 12% on Non-Cumulative Redeemable
 Preference Shares.