Company History - GDR Media
Value Line Securities (India) Limited was incorporated on 19th
August 1993, under the name SREEJA FINANCIAL SERVICES PRIVATE
LIMITED under the Companies Act, 1956 and converted to a Public
Limited Company vide fresh certificate of incorporation dated 30th
1995 - The name of the Company was changed to Value Line Securities
with effect from 24th January, in terms of special
resolution passed on 2nd January.
- Board of the Company proposed to expanded its
activities by diversification into
Non-Fund based activities also. The Company proposed
to enter into New lines of
Financing such as leasing, Hire purchase, and Housing
- The Company is also proposed to take up activities such
as an Merchant
Bankers, Underwriters, project syndicating, forex
advisory service etc.,
- Mr. V. Ravi Prasad, Mr. K.Giridhar retired by rotation
and being eligible offer themselves
1997 - Shri M. Ramesh Reddy and Shri Y. Venkatesham, Directors of the
will retire by rotation at the Fourth Annual General
Meeting and are eligible for
- The Board appointed Shri Y. Ravi prasad was appointed as
of the Company for a period of 5 (Five) years with
effect from 1st March.
- During the year Shri K.Giridhar resigned from the post
1998 - Shri G. Subba Rao, Director of the Company will retire by
the ensuing Annual General Meeting and being eligible,
- During the year, Shri N. Purushotham Reddy resigned from
the post of
1999 - During the year, Shri. A.R.K.Mohan Prasad and Smt. Y. Sharada
appointed as Additional Directors of the Company by the
Board in terms
of Section 260 of the Companies Act, 1956.
- During the year, Shri N.V.Ram Reddy ceased to be a
upon his expiry of term of Executive Directorship.
- During the year, Shri. G.Subba Rao and Shri B.P.Gupta
from the post of directorship of the Company.
2000 - The Company has entered into an agreement with CDSL and NSDL
- The Company has completely stopped the business of
Finance and Leasing and is
concentrating fully on Software Development and
- The Board of Directors have decided to change the name
of the Company to GDR
- Mr. G. Dhananjaya Reddy, Director of the Company has
entered in to an
agreement with Mr. Y. Ravi Prasad, Promoter and director
of the Company
to acquire 12,05,100 No. of Equity Shares of the Company
and has made a public
announcement on 11-07-2000.
- For further acquisition of 20% Equity Shares of the
Company at a price of Rs.10/- per
share from the shareholders of the Company as per the
provisions of the SEBI (Substantial
Acquisition of Shares and Takeovers) Regulations, 1997.
2001 - The Board allotted 12,50,000 No. of equity shares to the
promoters of the company
Mr. G. Dhananjaya Reddy and his associates.
-GDR Telefilms Ltd has informed BSE that the Board of Directors at
their meeting held on June 19, 2002 have allotted 30,00,000 equity
shares of the Company of Rs 10/- each on preferential basis involving
swap of equity shares to Mr A N Badrinath and associate shareholders
of M/s Siliconcity Technologies at a price of Rs 10/- per share
aggregating to Rs 3,00,00,000/- in the equity swap ratio of 12:1 ie
for every one equity share of Rs 10/- each held in M/s Siliconcity
Technologies Ltd 12 equity shares of Rs 10/- each of the Company have
been allotted to the shareholders of M/s Siliconcity Technologies
-GDR Telefilms Ltd has informed BSE that the Board of Directors of
the Company at its meeting held on June 29, 2002 have approved split
of equity shares of the Company from the existing Rs.10/- to Re.1/-
-GDR Media Ltd has informed BSE that a meeting of the Board of
Directors is convened to be held on August 29, 2002 to consider,
inter alia issuing of equity shares of the Company on rights basis.