History of Asian CERC Information Technology Ltd.
YEAR EVENTS 1994 - The Comp. was incorporated on 29th September, as a Limited Comp. in the name of DSJ Resorts & Properties Ltd and obtained certificate of commencement of Business on 30th September. The Comp. is promoted by Mr. V. B. Padode & his family members.
1996 - During the year under report, the Comp. has allotted 29,99,300 No. of Equity Shares of Rs.10/- each at par of which 7,50,000 Equity shares have been allotted to the public & 22,49,300 No. of Equity shares have been allotted to the Holding Comp. as a result of which Issued Capital has gone up to Rs.3 crores.
- The performance of Comp. was affected due to conditions prevailing in the capital market from where all the income of the Comp. was projected for year.
- Tropicana has invested Rs 2,00,02,000/- towards share subscription of Asian CERC Information Services [Indias] Ltd., thereby making its subsidiary.
1997 - The name of Comp. has been changed from Dalal Street Systems and Software limited to Asian CERC Information Services [Indias] limited vide fresh Certificate of Incorporation dated 20th June.
- The Comp. is an information management Comp. that collects & disseminates data relating to corporates, Industry, economy & related issues.
- The company products includes equity research station, dealer trade station, electronic corporate directory, business archives & scanned documents.
- Shri V.B. Padode & Shri Sanjay V. Padode resigned from the Board with effect from 27th December. Shri Rajesh V. Padode and Smt. Laxmi Padode, resigned from the Board with effect from 28th November. Shri Pratap V. Padode resigned from the Board with effect from 26th November from Asian CERC Information Services [Indias] Limited.
- Shri Ramesh Chandra Jain & Shri Deepak V. Parekh has been appointed as Additional Director of Asian CERC Information Services [Indias] limited on 27th & 26th of December, respectively.
- The Comp. has issued 200 No. of Equity Shares of Rs 10/- each at par on preferential basis & also issued & allotted 10,00,000 No. of Equity shares of Rs 10/- each at a premium of Rs 10/- per share on rights basis.
- The Comp. has changed its name i.e. from DSJ Resorts And Properties limited to 'Tropicana Resorts And Properties Ltd.'.
- Shri. Sanjay Padode has been appointed as Director of Asian CERC Information Services [Indias] limited w.e.f. 25th July, to look after operation of Company.
- M/s. Tropicana Resorts and Properties Ltd., has become it's subsidiary company.
1998 - The Comp. set up a V-Sat network to connect all the kiosks.
- The Comp. introduced a new information service to some of the top CSE brokers in Calcutta.
- The Calcutta Stock Exchange-CD' 98', a compilation of about 20,000 pages of information, provides key data & statistics to a range of users investors, brokers intermediaries, & the media, was developed by Director, Mr. Vivek Mahajan, with the help of Asian CERC Information Services [Indias] Ltd., a Bangalore-based database manager.
1999 - The Comp. set up a computer education centre for engineering jointly with the Malviya Regional Engineering College in Jaipur.
- The Comp. has sold some investments/shares and, due to bad market condition, the Comp. has suffered a loss of Rs 79.05 Lacs on this account.
- Shri S. P. Singh, Director suffered attack of brain hemrage & died. This was a great loss to the Company.
2000 - The Name of Comp. has been changed from Tropicana Resorts & Properties limited to Asian CERC Information Technology limited w.e.f 31st March.
- Bangalore-based Asian CERC Information Technology limited has joined hands with MREC, Jaipur to take up the initiative in Rajasthan to Bridge the gap between the demand & supply of quality manpower in IT sector.
- Asian CERC Information Technology Ltd, a content-cum-solutions provider to the capital market, has launched `Trade Anywhere', the e-broking solution.
2001 - Asian CERC, Bangalore-based financial & capital markets management Comp. tying up with the Rajasthan State Industrial Development & Investment Corporation to set up a development centre in Jaipur.
2005
-Sudhanshu Varma has been appointed CEO of Asian CERC. Kanwaljit Singh has been named non-executive director of Asian CERC
-Asian CERC earnings increase 202 pc in H1
2006 - Increase in authorized share capital of Comp. from Rs50,000,000 to Rs60,000,000 divided into 12,000,000 equity shares of Rs5 each & he alteration in Memorandum of Association of company.
- At the board meetings held on February 02, 2006, the Comp. considered the expansion plan & approved the same envisaging the total capital expenditure upto Rs 250 million for year. The Board also decided to obtain the authority from the shareholders to raise these funds wholly /partly by issuing 12,00,000 Warrants convertible into Equity shares to any category of investors including Promoters Group/ Non Promoters group / Institutional Investors on preferential allotment basis as per SEBI guidelines.
- The Comp. has received a Software Designing & Development Project Order during the Current Year [i.e. 2005-06s], for its Trading Solutions Division from The Bombay Stock Exchange, Mumbai [BSEs] amounting to Rs 1,00,00,000/-.
- Fortis Financial had entered into an agreement with the Comp. for acquiring 23,52,000 equity shares of Rs 5 each aggregating to 28% of current paid capital of Comp. at the current market price.
- Fortis Financial decided to subscribe to 26,28,000 equity shares of Rs5 each of Asian CERC IT Ltd at Rs53.25 per share or the price as may be determined by company.
- Board of Directors of Comp. on 29th September 2006, had issued & allotted 26,28,000 equity shares at Rs 53.25 per share of Rs 5 each to Fortis Financial Services Ltd.
- Board of directors of Comp. had approved the expansion plan of approx total capital expenditure of upto Rs 250 million for year.
- Comp. had fixed 22nd February 2006 as the record date for stock split from Rs 10 to Rs 5.
- Comp. had issued & allotted 24,00,000 convertible warrants for cash at a price of Rs 62.50 each.
- Mr. Rajvir Singh, Mr. G S Sodhi, Mr. Vikram Rajput, Ms. Reena Mirchandani & Mr. Anuj Chaudhary were appointed as the additional directors of company,
2007 - Board of directors of company, on 19th January 2006, had applied for receiving grant of mutual fund identification number.
- Comp. Law Board of Southern Region Bench, Chennai had approved the company petition for shifting its registered office from the Karnataka to the Delhi through its order, which was dated 11th May 2007.
- Mr. Sudhanshu Varma was reappointed as whole time director of Comp. for a period of 3 years from 1st April 2007.
- Remuneration of Mr. Sanjay V Padode, Managing Director of Comp. was increased during the year.
- Members of 13th annual general meeting had adopted the annual reports & audited annual Acc. for financial year ended 31st March 2007.
- Mr. Maninder Singh Grewal, Mr. Vikram Sahgal, Mr. Padam Bahi, & Mr. Anil Saxena were appointed as additional directors of company.
- Systematix Corporate Services Ltd on behalf of Fortis Financial Services Ltd had offered post offer public announcements to the shareholders of Asian Cerc Information Technology Ltd & the details of acquisition covers the offer price of Rs53.45.
2008 - Asian CERC Information Technology Limited has announced the launch of new website called www.reportsjunction.com.
- Board of directors of Comp. on 22nd January 2008, had approved the merger of M/s. Regius Infotech Pvt Ltd with the company.
- Asian CERC Information Technology Ltd has announced that the Comp. on January 14, 2008 launches a new Dealer Terminal [CTCL solutions] - FastTrade. Fast Trade supports both the BSE & NSE for equities & derivatives, along with all the commodity exchanges in the country.
- Asian CERC Information Technology Ltd has informed that the name of Comp. has been changed from 'Asian CERC Information Technology Ltd' to 'Religare Technova Global Solutions Ltd' w.e.f. November 12, 2008. The Comp. has received Fresh Certificate of Incorporation consequent to change of name of Company.
