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Sakthi Finance Ltd.

BSE: 511066 | NSE: SAKTHIFIN | Series: NA | ISIN: INE302E01014 | SECTOR: Finance - Leasing & Hire Purchase

BSE Live

Oct 01, 16:00
14.90 0.10 (0.68%)
Volume
AVERAGE VOLUME
5-Day
1,840
10-Day
1,883
30-Day
4,012
2,444
  • Prev. Close

    14.80

  • Open Price

    15.10

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Dec 04, 15:55
18.90 0.00 (0.00%)
Volume
No Data Available
12,943
  • Prev. Close

    18.90

  • Open Price

    19.50

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    18.90 (500)

Sakthi Finance is not traded on NSE in the last 30 days
Company History - Sakthi Finance
YEAR                       EVENTS
 1955 - The Company was incorporated on 30th March, as Pollachi
 Credit
        Society Pvt. Ltd., and was converted into a public limited
        company on 27th July, 1967 under the present name.  The
 Company,
        a unit of Sakthi Group of Coimbatore, was promoted by Dr. N.
        Mahalingam, an industrialist of Pollachi and managed by a
 board
        of professionals.
 
      - The Main objects of the Company is Hire purchase financing
 and
        leasing.
 
 1984 - 7,50,000 shares were offered at par for public subscription
        during September.
 
 1986 - The Company opened eight more branch offices including one at
        Mumbai and commissioned five safe vaults.
 
      - The Company entered leasing business.  Also, with the group
        holding industrial licences and letter of intent for both
        expansion and for new projects, the Company was assured of
        adequate lease business.
 
      - 5,00,000 No. of equity shares of Rs 10 each and 50,000-10%
        cumulative convertible preference shares of Rs 100 each were
        issued both at par as rights to equity shareholders in the
 prop.
        1 equity : 2 equity and 1 Pref. : 20 equity (all were taken
 up).
 
      - Another 25,000 No. of equity shares and 2,500-10% cumulative
        convertible preference shares both at par were offered to
        employees of the company (all were taken up).
 
 1987 - During December 1987/January 1988, the Company offered
 10,76,300
        shares of Rs 10 each at par on rights basis as follows:
 
      - (i) 7,62,500 shares to equity shareholders in proportion 1:2,
 
      - (ii) 2,62,500 shares to cumulative convertible preference
        shareholders in proportion 5 equity : 1 preference share and
 
      - (iii) 51,300 shares to employees (including Indian working
        directors) and workers of the Company on an equitable basis.
        All, but 37,980 shares of the employees quota were taken up. 
 The
        unsubscribed portion of the employees quota was allowed to
 lapse.
 
 1989 - 5,25,000 No. of Equity shares of Rs 10 each allotted on at par
 on
        conversion of Pref. shares.
 
 1991 - 5,25,000 No. of equity shares of Rs 10 each allotted at par
 on
        conversion of Pref. shares.
 
 1993 - 30,88,320 Rights Equity shares allotted at a premium of Rs 20
        each.  5,00,000-10% pref. shares and 4,00,000-13.5% pref.
 shares
        allotted.
 
 1995 - During October-November, the Company issued 37,05,984 No. of
        equity shares of Rs 10 each at a prem. of Rs 20 per share on
        Right basis in porportion 3:5. (37,44,681 shares taken up).
 
      - The 5,00,000-10% redeemable preference shares are redeemable
 at
        par within eighteen months from the date of allotment and the
        4,00,000-13.5% preference shares are redeemable at par within
 six
        months from the date of allotment.
 
 2003
 
 -Board decides to issue 2,500,000 equity shares of Rs 10 each at par
 to Overseas Corporate Bodies (OCBs)
 
 2007
 
 -The company has issued rights in the ratio of 1:2 at a premium of
 Rs.0/- Per Share.
 
 2008
 
 -Sakthi Finance's  e-mail ID for the purpose of registering
 complaints by investors is svenkatesh_shares@sakthifinance.com
 
 2011
 
 -Sakthi Finance has recommended an equity dividend of Rupee 1 per
 share (10% on the face value of Rs 10) 
 
 2013
 -Sakthi Finance Recommended a dividend of Rs. 1 per share (10% on the
 face value of Rs. 10 each) on Equity Shares.
 
 2014
 -Sakthi Finance Recommended a dividend of Rs. 1 per share (10% on the
 face value of Rs. 10 each) on Equity Shares.