India Securities Ltd.

YEAR                       EVENTS
 1984 - India Securities Limited was incorporated on 20th July in the
        name of Dear Leasing and Finance Limited.  It was promoted by
        S.L. Gupta, B. Goyal, R.K. Sanpar & associates.  The Company
        obtained the Certificate for Commencement of Business on 27th
        July.
 
 1987 - The name of the company was changed to India factors Ltd. on
        1st May, and it was once again changed to India Securities
 Ltd.
        on 23rd May, 1990.
 
      - The Company's focus is on finance, corporate advisory
 services,
        project finance, intermediation services project money and
        foreign exchange markets.
 
      - The Company provides fund based and non fund based financial
        solutions to both wholesale and retail segments through
 clutch
        of five companies viz. India Securities Ltd., Indsee Share &
        Stock Broking Ltd., Indsect securities & finance Limited,
 Indusee
        investment Limited Indsee Holdings Ltd.
 
 1992 - The Company as a merchant banker was associated with 27
 issues,
        amounting to a total issue size of Rs 1269.86 crores.
 
      - 2,48,000 No. of equity shares issued, subscribed and paid up.
        2,48,000 Rights equity shares and at par in prop. 1:1. 
 During
        January, 1992, the company issued.  37,00,000 shares in prop.
        75:100.  Another 63,00,000 No. of equity shares were issued
        through a prospectus of which the following were reserved for
        allotment on a preferential basis.  (1) 5,00,000 shares to
        employees (only 10,400 shares taken up). (2) 20,00,000 shares
 of
        NRI's (all were taken up) Balance 38,00,000 shares were issued
 to
        the public, along with 4,89,600 shares not taken up by the
        employees.  Additional 14,83,590 shares were allotted to
 retain
        oversubscription (58,590 shares to employees; 5,55,000 shares
 to
        shareholders on Rights basis; 3,00,000 shares to NRI's &
 5,70,000
        shares to the public).
 
 1996 - During August, the Company issued Hi-Coop debentures and Zin
        debentures of coupon rate 18% and face value of Rs 5000 each
 on
        private placement to the tune of Rs 20 crores.  These are to
 be
        redeemed at the end of 18 months from the date of allotment.
 
      - 10,019-19% Zin debentures at a face value of Rs 6565 and
 issue
        price of Rs 5000 were allotted.  13313-Hi-Coop - 19% non
        convertible debentures were allotted.
 
      - The Company issued 57,50,000 No. of equity shares of Rs 10
 each
        at a prem. of Rs 21 to the promoters on private placement
 basis.
        Each share had 4 warrants attached to it entitling the holder
 to
        apply for 1 equity share per warrant at a prem. of Rs 21 per
        share after 3 years from the date of allotment.
 
 2001- The shareholders of India Securities Ltd, an Essar group
 finance company, have approved a proposal to delist its shares from
 Bangalore (BgSE), Delhi (DSE) and Chennai (MSE) stock exchanges.
 
 
 2005
 
 -Delists securities from The Delhi Stock Exchange Association Ltd
 (DSE) w.e.f. July 15, 2005.