YEAR                       EVENTS
 1982 - The Company was Incorporated on 24th March.  It was promoted
 by
        K.V.K. Raju and K.S. Raju.
 
      - The Company's object is to provide lease finance,
 hirepurchase
        finance, investment finance and management services.
 
 1983 - 6,00,000 No. of equity shares subscribed for by promoters
 etc.
        9,00,000 No. of equity shares offered at par for public 
        subscription during May 1983.
 
 1984 - The Company made an equity linked debenture issue for
 7,50,000
        No. of equity shares of Rs.10 each and 2,40,000 - 15% secured
        redeemable debentures of Rs.100 each both for cash at par to
 the
        existing shareholders on a rights basis.  The Company also had
 an
        option to retain upto 25% of the issue against
 oversubscription.
        A part of this issue was offered to the Company's debenture
 and
        deposit holders.  This issue was fully subscribed and the
 shares
        and debentures allotted under this offer became effective
 from
        1st October, 1985.  Additional 1,87,500 No. of equity shares
 and
        60,000 debentures were allotted to retain over subscription.
 
      - 7,50,000 No. of equity shares offered to the equity
 shareholders
        on a right basis in the prop. 1:2, linked with debentures.
 
 1985 - Allotment of the equity shares completed in Oct. 1985. 
 1,87,500
        additional shares issued to retain over subscription.
 
 1990 - The Company entered the field of property development and had
        some projects on hand for execution.  Authorisation was
 received
        from the Securities and Exchange Board of India (SEBI) for 
        carrying out Merchant Banking activities and with this, a 
        separate Merchant Banking division was set up for issue 
        management, portfolio management etc.
 
      - New branches were set up in Salem and Cochin.
 
      - During May-June, the company offered 36,56,250 No. of equity
        shares of Rs.10 each for cash at par on Rights basis in the
        prop. 3:2 (all were taken up).  Additional 5,48,420 No. of
 equity
        shares were allotted to retain oversubscription.
 
      - Simultaneously another 1,82,812 No. of equity shares were
 issued
        to the employees under the Employees Stock Option Scheme
 (only
        30,000 shares taken up).  The unsubscribed portion of
 1,52,812
        shares was allowed to lapse.
 
      - Authorised capital increased and reclassified 42,34,670 No.
 of
        equity shares allotted: 42,04,670 shares as Rights and 30,000
        shares to employees.
 
 1991 - A joint venture under the name Nagarjuna Securities Ltd. was
        floated with Prudential Capital Markets Ltd. with an initial 
        capital of Rs.1 crores.  The Capital was being raised to Rs.3
        crores.
 
      - The Company proposed to set up a 100%
 Export-Oriented-Mushroom
        growing and processing unit with an installed capacity of
 2,000
        tonnes per annum.  The technology was being arranged and the
        company also proposed to enter into a marketing tie-up with 
        leading importers in Europe and U.S.A.
 
 1992 - Right equity shares issued in ratio of 1:1.
 
 1994 - 1,94,805 No. of equity shares forfeited.
 
 1995 - 12,00,000 No. of equity shares allotted on conversion of
 warrants
        at a prem. of Rs.24 per share to the promoters group.