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History of Arihants Securities Ltd.

YEAR EVENTS 1994 - Arihants Securities Limited was incorporated on 13th June, as a private limited Comp. & was subsequently converted into a public limited Comp. by passing a special resolution on 12th December, 1994. Arihants Securities Limited was promoted by Mr. Ravikant Chowdhry & his associate. The Comp. deals in the business of investments, leasing/hire purchase, intercorporate deposits, bill discounting facilities.

1995 - The Comp. made inroads into areas of Inter corporate deposits, share loans, trading in securities, bills discounting & hire purchase financing.

1996 - 21,50,000 No. of equity shares of Rs 10 each issued, subscribed & paid up. 28,50,000 No. of equity shares of Rs 10 each were issued in June 1995 of which 16,00,000 shares reserved and allotted to promoters, directors etc. Balance 12,50,000 shares were issued to the public [all were taken ups].