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History of Relic Technologies Ltd.

The Comp. was incorporated on 6th December, 1991 as Public Limited Comp. to carry on the business of leasing, hire purchase, investments, banking, money market operation etc. The Comp. has received the certificate of commencement of business on 30th December, 1991. The Comp. is an authorised member of NATIONAL STOCK EXCHANGE OF INDIA LIMITED on capital market segment & has received registration from SEBI as Category i Merchant Banker.

The Comp. is at present engaged in the financial services activities like syndication of bill discounting, intercorporate deposit etc. & stock brokerage activities.

The main objects of Comp. are hilly set Out in the Memorandum & Articles of Association of Comp. & also stated elsewhere in this Prospectus. The main object of Comp. is as under :

'To do the Business of Finance, leasing, Hire Purchase, in any field of Capital Market, Money & Finance Market, Investment market in any Industrial, Commercial & Government enterprises & consumer fields & others by any method, systems, modes, means etc., that may be relevent & appropriate from time to time hereto in India or Abroad together with/without any incidental & connected activities, consultancy, advisory services.'.

PRESENT BUSINESS

The Comp. commenced its operations in 1991 & the activities undertaken were money market operations. Since then the Comp. has steadily grown & has added expertise in various areas of financial services. It has also developed the requisite systems & infrastructure in line with the market trend & future growth.

MONEY MARKET OPERATIONS [BILL DISCOUNTING and I.C.D's.s]

As part of financial services offered to the clients the Comp. arranges short term hind by way of discounting the trade bills & placement of Inter Corporate Deposits.

In this segment, the Comp. has stabilised its operations in a short span & foresees tremendous growth because of increased usage of such instruments in the Indian money market.

INVESTMENT and BROKING

The Comp. is engaged in investment in Primary & Secondary Markets. The Comp. has acquired membership of National Stock Exchange. The Comp. proposes to engage in the business of corporate broking & institutional broking, including private placement of securities.

MERCHANT BANKING

The Comp. is proposing to enter into Merchant Banking activities & has already obtained provisional SEBI approval to act as Category-I Merchant Banker.

CREDIT APPRAISALS and MONITORING

The Company credit policy comprises on the one hand, stringent criteria in appraising credit risk & on the other hand, conservative norms for Company credit exposure as follows

1. Overall & individual exposures to each industry, activity & client.

2. Security of transaction.

3. Balancing between risk & return.

The credit norms are distinct for each of activities

1. Bill discounting.

2. Loans & Inter Corporate Deposits. The norm differ according to value nature, period & security offerred for transaction.

The credit procedure begins with the marketing department doing the appraisal for each proposal obtaining approval the requisite sanctioning authority flinging from department head to credit committee of senior executive depending on the value of period & nature of the proposal.

2004

-Relic Technologies Board approves Diversification into Pharmaceutical Activities