Profile

Incorporation and Objects

- To buy, sell, hold and manage securities, shares, other financial instruments and immovable and movable properties.

- To provide management, consultancy, marketing and advertising services.

- And to promote and hold interest in any business and generally to do such things as are incidental or conducive to the attainment of the above objects.

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Share Capital

The authorized share capital was initially 10,000 shares of Rs 10 each making a total of Rs 100,000. This was increased by a special resolution of shareholders on 29^th January 1995 to 100,000 shares of Rs 10 each, that is Rs 1,000,000.   The initial issued and paid up capital was Rs 83,000. On 25^th December 1995 a sum of Rs 83,000 was distributed by way of bonus making the total issued capital Rs 166,000.
Following a restructuring of the shareholding in FY 1999-2000, whereby certain shareholders disposed their shareholding and others increased theirs, the total financing by shareholders as at 30^th June, 2000 was as follows:  

    In December 2004, following very good performance of the investments of the company, the directors resolved to refund the total shareholders’ advance of Rs 796,736.  

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Bonus, Dividends and Withdrawal

A bonus of 1 new share for 1 existing share, that is Rs 10 per share, was distributed in December 1995, resulting in a total bonus of Rs 83,000.   The following dividends were paid:  

    The shareholders advance of Rs 796,736 was repaid in December 2004.   Thus, as at June 30, 2010, a total of Rs 1,770,511 has been paid to shareholders for a total financing of Rs 890,786 by shareholders.  

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Information is as at June 30, 2010