Shalibhadra Finance Ltd.

Shalibhadra Finance Limited was incorporated as a Public Limited
 Company on January 16, 1992 and obtained Certificate for Commencement
 of Business on January 23, 1992 under the Companies Act, 1956. Its
 Registered Office is at 103, Rewa Chambers, 31, New Marine Lines,
 Bombay 400 020. Tel : 203 1110, 203 5934; Fax : +91 (022) 206 3289.
 
 SUBSIDIARY OF THE COMPANY
 
 The company does not have any subsidiary companies.
 
 PRESENT ACTIVITIES OF THE COMPANY
 
 The company is presently engaged in Capital Market Operations,
 Financial advising services and Syndication of funds. On a Equity
 Capital base of Rs.5 Lac as on 31.3.1994, the company has earned a
 net profit of Rs.9.55
 Lacs and the Earnings per share (EPS) on Rs.10/- paid-up share works
 out to Rs.19.09.  For the half year ended 30th September, 1994, the
 company earned a net profit of Rs.6.54 Lacs and the EPS works out to
 be Rs.26.18 on an annualised basis. With the increase in capital base
 and the leverage available to the company for tapping outside funds,
 the company would be able to substantially increase the fund based
 activities, thus, contributing to the profitability of the company.
 
 The company plans to enter/expand the business of Leasing, Hire
 Purchase, Bill Discounting, Financial Consultancy, Capital Market
 Operations, Merchant Banking. The company plans to apply to SEBI for
 registration as Merchant Banker.
 
 After the public issue, the promoters plans to stop the operations in
 the associate concerns doing similar activities to avoid conflict of
 business interest.
 
 2005
 
 -The Company has recommended the payment of dividend @ 5% (Rs 0.50
 per share of Rs 10/- each).
 
 2007
 
 -The Company has recommended the payment for dividend @ 7% (Rs 0.70
 per share of Rs 10 each).
 
 2008
 
 -The Company has recommended the payment for dividend @ 7% (Rs 0.70
 per share of Rs 10/- each)
 
 2009
 
 -The Company has recommended the payment for dividend @ 7% (Rs. 0.70
 per share of Rs. 10/- each)  
 
 2010
 
 -The Company has recommended the payment for dividend @ 8% (Rs. 0.80
 per share of Rs. 10 each)
 
 2011
 
 -The Company has recommended the payment for dividend @ 8% (Rs. 0.80
 per share of Rs. 10 each)  
 
 2012
 
 -The Company has recommended the payment for dividend @ 8% (Rs. 0.80
 per share of Rs. 10 each)
 
 2013
 -Board recommends Dividend of 9%.
 
 2014
 -Mrs. Falguni S. Doshi has been appointed as  independent director of
 the company.
 - Board recommends Dividend of 10%