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VLS Finance Ltd.

BSE: 511333 | NSE: VLSFINANCE | Series: NA | ISIN: INE709A01018 | SECTOR: Finance - Leasing & Hire Purchase

BSE Live

Aug 10, 16:00
53.50 1.05 (2.00%)
Volume
AVERAGE VOLUME
5-Day
5,453
10-Day
5,274
30-Day
10,791
8,511
  • Prev. Close

    52.45

  • Open Price

    52.30

  • Bid Price (Qty.)

    52.50 (350)

  • Offer Price (Qty.)

    54.90 (300)

NSE Live

Aug 10, 15:55
53.20 0.75 (1.43%)
Volume
AVERAGE VOLUME
5-Day
17,305
10-Day
21,358
30-Day
62,752
31,514
  • Prev. Close

    52.45

  • Open Price

    52.35

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    53.20 (200)

Company History - VLS Finance
HISTORY, MAIN OBJECTS & PRESENT BUSINESS OF THE COMPANY
 
 VLS FINANCE LTD was incorporated on 20th January, 1986 as a Public
 Limited Company under the Companies Act, 1956, registered  with the
 Registrar of Companies, Delhi and Haryana, at New Delhi under the
 name of VARDHMAN LEASING AND SERVICES LIMITED. The Company's name was
 changed to VLS FINANCE LTD (VLS) pursuant to a Special Resolution
 passed by the shareholders of the Company in its 8th Annual General
 Meeting held on 2nd August, 1994 and fresh Certificate of
 Incorporation issued by the
 Registrar of Companies, Delhi and Haryana at New Delhi dated 8.9.94.
 The Company became entitled to commence business on 4th August, 1987
 pursuant to receipt of the Certificate for Commencement of Business
 issued by the Registrar of Companies, Delhi and Haryana, at New Delhi
 and commenced business in the year 1989.
 
 The Company was originally incorporated by Mr.Rakesh Kumar Jain,
 Mr.Rajiv Jain and Mr.Mahendra Kumar N. Shah. The controlling interest
 in the Company, (which had a capital of only Rs.70/- at the time take
 over) was subsequently acquired by the promoter Mr.M.P. Mehrotra in
 May, 1987.
  
 The Company made a maiden public issue of its equity shares in the
 month of February, 1993 and subsequently got its shares listed on
 Stock Exchanges at Delhi, Bombay, Calcutta, Madras, UP at Kanpur and
 Ahmedabad. As the number of shares offered to the public at that time
 was less than the minimum requirement for public issue stipulated by
 the Securities Contracts Regulation Act, 1956, the Company obtained
 relaxation under Rule 19(2)(b) of the Securities Contracts Regulation
 Rules for getting its shares listed. The Delhi Stock Exchange vide its
 letter dated 27th November, 1992, had communicated to the Company the
 approval of the Central Government for listing of the Company's
 shares on the Stock Exchanges subject to the condition that the
 Company shall make another offer within a period of three years from
 the date of enlistment with the regional Stock Exchange in order to
 raise the total public offer to 40% and the Company seeking necessary
 approval regarding disclosure, investor protection etc. from SEBI. The
 Company, through this issue, is also complying with this requirement.
 
 2002
 VLS Finance Ltd has informed  the Board of Directors has accepted the
 resignation of Dr P D Ojha as the Non Executive Chairman and Director.
 The Board has further elected Shri Surendra Singh, Director as the
 Non-Executive Chairman of the Company.
 
 2003 
 Vls Finance Ltd. has informed the Exchange that Mr. Surendra Singh,
 Director and Non-Executive Chairman of the company has resigned
 w.e.f. May 28, 2003 and Mr. S K Agarwal has been appointed as
 Addiltional Director w.e.f. May 28, 2003.
 
 -Shri Ajit Kumar has been co-opted as Additional Director by the
 Board.
 
 2004
 -Equity shares of VLS Finance Ltd delisted from Delhi Stock Exchange
 Ltd and Uttar Pradesh Stock Exchange Ltd w.e.f March 31, 2004
 
 -Vls Finance Ltd. has informed that in the meeting of the BoD's of
 the company held on May 26, 2004, Shri S K Agarwal, has been
 unanimously appointed as the Managing Director of the Company
 
 2007
 -E-mail ID for Investor Complaints : hconsul@vlsfinance.com
 
 2008
 -Registered Office of the Company has been shifted From C-489,
 Defence Colony, New Delhi- 110024 To 13, Raja Dheer Sen Marg, 2nd
 Floor, Sant Nagar, New Delhi- 110065.
 
 2015
 -VLS Finance Ltd Registrar and Transfer Agent (RTA) has changed to
 M/s RCMC Share Registry Pvt. Ltd.  First Floor, Okhla Industrial Area
 Phase II, New Delhi- 110020.