Company History - Futuristic Solutions
Futuristic Solutions Limited was originally incorporated under the
Companies Act, 1956 on 21st September 1983 under the name of Moral
Leasing Pvt. Ltd.. Subsequently it changed its status from Private
Limited Company to Public Limited Company and obtained a fresh
Certificate of Incorporation on 23rd day of September 1983. The
company came out with its Public Issue in the year 1984 and got
listed at Delhi Stock Exchange. After the public issue, the company
twice offered shares to their shareholders on Right basis in the year
1988 and 2000 respectively. In 2002, the name of the Company was
changed from MORAL LEASING LTD. TO FUTURISTIC SOLUTIONS LIMITED. The
capital of the company was further increased by Preferential Issue
and Bonus issue.
The company was originally incorporated in the year 1983 and started
the business of leasing. The present management took over the company
in the year 1987 and proceeded with the then business of leasing. The
present management in early nineties envisaged the concept of
providing futuristic solutions of arbitration cases, and then put in
practice, has acquired success. With the passage of time and the
development of new ideas the first agreement in the present field was
executed on 2nd January, 1993. Since then the company has followed the
process of asset reconstruction i.e recovery of disputed debts,
purchase, sale, discounting and dealing in actionable claims,
disputed debts, recoverable debts etc which has emerged as the main
stay of the company.
- The equity shares of Futuristic Solutions Ltd (Scrip Code: 534063)
are listed and admitted to dealings on the Exchange in the list of 'T'
-Futuristic Solutions has proposed a dividend of Rs. 0.50 per share
(5% on an equity share of par value of Rs. 10).