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History of HB Stockholdings Ltd.

YEAR EVENTS 1985 - The Comp. was incorporated on 30th July, & obtained the Certificate for Commencement of Business on 12th August. It was promoted by Shri Harish Bhasin. The Main object of Company is Business of leasing & hire purchase, merchant banking activities, dealings in securities, in odd lots, public sector bonds & debentures.

1990 - The Comp. received authorisation to function as Merchant Banker from SEBI. The Comp. set up a 'Share Shoppe' to provide for a range of personal financial services & investment package at Delhi.

- It was proposed to appoint agents/franchisees for rendering the investor oriented services to enable small investors to have confortable access to these services.

- The Company subsidiaries is as follows: [is] H B Asset Management Comp. limited [iis] H B Portfolio limited [iiis] H B Estate Developers Ltd.

- H B Portfolio limited & H B Estate Developers Ltd., ceased to be subsidiaries of Comp. following issue of shares to the shareholders of Comp. as per the scheme of arrangements.

- 6,60,900 No. of equity shares of Rs 10 each allotted to promoters, directors, etc.

1991 - During February-March, the Comp. offered 1,12,353-14% secured fully convertible debentures of Rs 185 each on 'Rights' basis in the proportion 17 debentures: 100 equity shares held [all were taken ups]. Additional 16,853 debentures were allotted to retain oversubscription.

- Simultaneous to the Rights Issue, the Comp. issued through a prospectus, 3,73,647-14% secured fully convertible debentures of Rs 185 each of which the following were reserved for allotment on a preferential basis:

- [is] 24,300 debentures to employees [including Indian working directorss]/workers of Company;

- [iis] 48,600 debentures to shareholders of HB Leasing and Finance Co. Ltd., and

- [iiis] 75,000 debentures of Mutual Funds [30,000 debentures to PNB Mutual Fund, 30,000 debentures to Indian Bank Mutual Fund and 15,000 debentures to Canbank Mutual Funds].

- Out of [is] and [iis], only 28,510 debentures were taken up & out of [iiis] all were taken up. The remaining 2,25,747 debentures along with 44,390 debentures not taken up under preferential quota was issued to the public. Additional 56,047 debentures were allotted to the public to retain oversubscription.

- Part `A' of Rs 80 of face value of each debenture was converted into 5 equity shares of Rs 10 each at a premium of Rs 6 per share on the date of allotment of debentures. Accordingly 27,94,500 No. of equity shares were allotted under this conversion.

- Part `B' of Rs 105 of face value of each debenture was also automatically & compulsorily converted into 16,76,700 No. of equity shares of Rs 10 each at a premium of Rs 25 per share after 21 months from the date of allotment.

1994 - 20,52,840 bonus equity shares issued in prop. 2:5. During Feb. 1993, the Comp. issued 19,35,024 Rights equity shares [prem. Rs 25s] to shareholders prop. 2:5. 7,82,460 shares to holders of `B' part of debs. 7,50,000 shares to at a prem. of Rs 30 per shares to shareholders of H.B. Leasing and Fin. Co. limited Balance 67,50,000 shares at a prem. of Rs 50 per share to public.

1995 - During November, the Comp. has issued 3,34,84,093 - 14% FCD's of Rs 65 each on rights basis & through public issue. These FCD were converted into one equity share at a premium of Rs 55 per share. Comp. has issued Optional Detachable Tradable Warrants with these FCD's.

- The name of Comp. has been changed from H B Portfolio Leasing limited to the present one.

- H B Portfolio limited & H B Estate Developers Ltd., capital of the Comp. has been reorganised from 50,88,65,170 No. of equity shares of Rs 10 each to 2,54,43,257 No. of equity shares of Rs 10 each.

2003 - HB Stockholdings Limited has informed that the Board of Directors of Comp. at its meeting held on May 21, 2003 has re-appointed Mr J M L Suri as Executive Director of Comp. for a further period of 5 years w.e.f. June 1, 2003 subject to the approval of shareholders in the ensuing Annual General meeting

2004

-HB Stockholdings Limited has informed that subsequent to the application made by Comp. for delisting of equity shares of Comp. to the stock exchanges at Delhi, Ahmedabad, Chennai & Kolkata, the Comp. is in receipt of an intimation from Delhi Stock Exchange Association limited that the equity shares of Comp. stand delisted from Delhi Stock Exchange w.e.f. December 29, 2003.

- The Comp. has received intimation from Mr. H C Bhasin, Chairman, regarding acquisition of 101,209 equity shares of Company. The details are as follows: 1s] On March 01, 2004, shares acquired - 50077; 2s] On March 03, 2004, shares acquired - 29078; 3s] On March 04, 2004, shares acquired - 17512; 4s] On March 05, 2004, shares acquired - 4542.

-Delist securities from the Madras Stock Exchange Ltd [MSEs] w.e.f. March 16, 2005.

2007

- HB Stockholdings Ltd has appointed Mr. Vijay Sood as Additional Director of Comp. & also as Managing Director of Comp. for a period of 3 years with effect from April 30, 2007. The Board of Directors have also nominated Mr. Vijay Sood, Managing Director of Comp. as Chief Executive Officer [CEOs].