History of Peeti Securities Ltd.

The Comp. was Incorporated on 17.11.1994 in the name & style of 'Peeti Securities Private Limited' under the Companies Act, 1956 at Paras Chambers, Opp. HSE, Himayatnagar, Hyderabad. The Comp. was converted into a Public Limited Comp. vide Special Resolution under Section 31[1s]/44 of Companies Act, 1956 passed at the Extraordinary General Meeting of Comp. held on 06.12.1994 & approved by ROC dated 27th January 1995. The Registered Office of Comp. was changed to 609, 6th Floor, Swapnalok Complex, S.D. Road, Secunderabad - 500003 from 6th February, 1995 by Resolution of Board of Directors. The Comp. has already commenced operations. The Financial highlights of Comp. for period ended 23-02-1995 is given below:

---------------------------------------------------------------------- Particulars Period ended 23-02-1995 ---------------------------------------------------------------------- [Rs.in lacs.s] Income from Investments 0.97 Other Income - Profit before Taxes 0.95 Tax - Profit after Tax 0.95 * Equity 105.05 ----------------------------------------------------------------------

* Note: The Market value of Investments [quoteds] as on 23.02.1995 is lower than the cost by Rs.50,000, as a result the above profit stands overstated to that extent.