Hybrid Financial Services Ltd.

YEAR                                                     EVENTS
 1986 - MFCL is an Arvind Mafatlal group Company, promoted by Mafatlal
 Industries Ltd., 
              which has also promoted NOCIL, PIL, Mafatlal Fine Spg. &
 Mfg. Co. Ltd. and Gujarat 
              Gas Co. Ltd.  The Company was originally incorporated on
 20th October,  in the State
              of Maharashtra as a Private Limited Company. 
 Subsequently, the Company became
              a Deemed Public Company under section 43A of the Act, on
 11th September 1987 by
              virtue of holding of its shares by another Public
 Company.  
 
 1992 - By a Special Resolution passed on 3rd July the Company was
 converted into a
              Public Limited Company.   MFCL is an existing profit
 making and dividend paying 
              Company and is engaged in setting up a comprehensive one
 roof financial supermarket. 
              It offers a wide range of financial services in the
 areas of leasing, hire purchase, bill 
             discounting, merchant banking, corporate advisory
 services and investments. 
 
           -  MFCL (through its wholly owned subsidiary-Mafatlal
 Securities Ltd.) is also a Member of
              National Stock Exchange for wholesale debt instruments
 as well as equities.  It is also a 
              member of the OTCEI and a registered Category I Merchant
 Banker.
 
           - MFCL commenced leasing and hire-purchase financing
 activities in September.
 
 1993 - MFCL has received authorisation from SEBI to act as Category I
 Merchant Banker with 
             effect from February. 
 
 1995 - Consumer Finance Division was set up towards the end of the
 financial year.  It became 
             active with the booking of Maruti 800 & Cielo cars. 
 
           - The credit rating for Public Deposits of the company has
 been ungraded from FA to 
              FAA(-) indicating the shift from adequate to high
 safety.  
 
           - The Company had issued 60,00,000 No. of equity shares of
 Rs.10/- each for cash at a 
              premium of Rs. 20/- per share on Rights basis to the
 existing shareholders, which were fully
             subscribed and paid up as of 31st March.
 
           - The Company also issued on preferential basis 68,50,000
 No. of equity shares of Rs. 10/- 
              each for cash at a premium (on 49,50,000 shares Rs. 20/-
 per share and on 19,00,000 shares
              Rs. 40/- per share) to M/s. Ensen Holding Limited, a
 Promoter Group Company.
 
           - During the year under review the  Company went to Public,
 offering 80,00,000 No. of equity 
              shares of Rs. 10/- each for cash at a premium of Rs. 40
 per share aggregating to Rs. 4000
              lakhs.  The Company had made allotment of 80,47,300 No.
 of equity shares to the Public 
              on 24.12.1994.  The additional 47,300 No. of equity
 shares were considered for allotment 
              in order to help rounding off as per the scheme of
 allotment approved by the Bombay 
              Stock Exchange.
 
           - The Company had also reserved 11,50,000 equity shares of
 Rs. 10/- per share, to 
              Promoters' Group in the prospectus issued by the
 Company.  
 
 1996 - The Company will be entering into Mutual Fund sector.
 
 1997 - The Company came out with a Public Issue of NCDs aggregating
 Rs.3000 lacs 
              which was subscribed.
 
 1998 - During the year under review, the Company issued and allotted
 8,20,700 - 14.5% 
              Redeemable Cumulative Preference shares of Rs. 10/-
 each, fully paid up, 
              aggregating to Rs. 82.07 lacs, on private placement
 basis.
 
            - Shri N. K. Parikh, Managing Director of the Company has
 retired on 21st June on the
               expiry of his 5 year term. 
 
 1999 - The Company has created a separate division to strengthen
 collections and to deal 
              with the legal issues arising thereof.  Collections
 division has been responsible for 
              keeping the receivables under control inspite of a sharp
 deterioration in the financial
              health of a number of small and mid-size companies.
 
 2000 - The shareholders of Mafatlal Finance Company have approved the
 allotment 
              of 22,31,700 shares of the company to ICICI at Rs 10
 each, 25 lakh shares to ICICI 
              Banking Corporation at Rs 10 each and 1.5 lakh shares to
 Dhanalaxmi Bank at 
              Rs 10 each.
 
 
 2009
 
 - Mafatlal Finance Company Ltd has informed BSE that the Board of
 Directors of the Company at its meeting held on May 22, 2009, has
 appointed the following persons as Directors of the Company:
 
 Mr. A K Mahajan as a Nominee Director of Debenture Trustee in the
 place of Mr. A P Mohanty.
 2. Mr. Tanveer Shaikh as Director.
 
 -Company has changed its name from Mafatlal Finance Co Ltd. to Hybrid
 Financial Services Ltd.                                             
                                                   
 2011
 
 -Registered Office of the Company has been shifted To 35, A-Wing, Raj
 Industrial Complex Premises Co-op Society Ltd., Military Road, Andheri
 (East) Mumbai - 400059.