India Securities Ltd (Merged)


BSE: 500204 | NSE: INDIASEC | ISIN: INE134A01035 
Market Cap: [Rs.Cr.] 4,926 | Face Value: [Rs.] 1
Industry: Finance & Investments

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Board Meet

14-May-12 
Quarterly Results (Cancelled) (AsPer BSE Bulletin Dated on 14/05/2012) 
11-May-12 
Quarterly Results India Securities Ltd has informed BSE that the proceedings of the meeting of Board of Directors of the Company held on May 11, 2012, are as follows: 1. Change in the Directorate - Mr. Neeraj Gupta has been appointed as additional director of the Company. 2. Unaudited results for the Quarter ended March 31, 2012 - The Meeting was adjourned to May 14, 2012 for adoption of Unaudited results for the Quarter ended March 31, 2012.  
13-Feb-12 
India Securities Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 13, 2012, inter alia, to consider and adopt unaudited consolidated financial results of the Company for the quarter ended December 31, 2011. 
01-Dec-11 
India Securities Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on December 01, 2011, inter alia, to consider and adopt audited financial results of the Company for the year ended March 31, 2011. 
14-Nov-11 
India Securities Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 14, 2011, inter alia, to consider and take on record the un-audited Quarterly Financial Results of the Company for the quarter ended on September 30, 2011 (Q2). 

AGM

30-Dec-11
India Securities Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from December 29, 2011 to December 30, 2011 (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company to be held on December 30, 2011. India Securities Ltd has informed BSE that the members at the 27th Annual General Meeting (AGM) of the Company held on December 30, 2011, inter alia, have passed the following resolutions: 1. Adoption of Consolidated and Standalone Audited Accounts for the year ended March 31, 2011 along with the Reports of Directors and Auditors thereon. 2. Re-appointment of Mr. M P Mehrotra as Director of the Company. 3. Appointment of Nisar and Kumar, Chartered Accountants as Statutory Auditors of the Company and to fix their remuneration. 4. Appointment of Mr. V G Raghavan as director of the Company. (As Per BSE Announcement Website Dated on 02/01/2012 
31-Jul-10
AGM 31/07/2010 India Securities Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on July 31, 2010, inter alia, have passed the following resolutions: 1. Adoption of the Audited Annual Accounts of the Company for the years ended on March 31, 2010. 2. Re-appointment of Directors retiring by rotation viz. Shri A. S. Ruia and Shri S. M. Lodha. 3. Re-appointment M/s. Nisar & Kumar, Chartered Accountants, as Statutory Auditors of the Company. 4. Appointment of Mr. Vikash Saraf as Director of the Company. (As Per BSE Announcement Website dated on 02.08.2010) 
18-Aug-09
AGM 18.08.2009 India Securities Ltd has informed BSE that the members at the 25th Annual General Meeting (AGM) of the Company held on August 18, 2009, inter alia, have passed the following resolutions: 1. Adoption of the Audited Annual Accounts of the Company for the year ended on March 31, 2009. 2. Declaration of dividend of Rs. 0.75 per equity share for the year ended on March 31, 2009. 3. Re-appointment of Directors retiring by rotation viz. Shri. S. N. Ruia & Shri. S. V. Venkatesan. 4. Re-appointment M/s. Nisar & Kumar, Chartered Accountants as Statutory Auditors of the Company. 5. Reclassification of Authorized Capital of the Company to comprise 20,00,00,000 equity shares of Rs. 10/- each and corresponding changes in Memorandum & Articles of Association of the Company. 6. Appointment of Mr. Manoranjan Mahapatra, as Manager of the Company with in the meaning of section 2(24) of the Companies Act, 1956 at Nil remuneration for a period of three years with effect from June 29, 2009. (As Per BSE Announcement Website dated on 11.09.2009) 
11-Aug-08
AGM 11/08/2008 India Securities Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on August 11, 2008, have transacted the following business: 1. Adoption of the Balance Sheet of the Company as on March 31, 2008, and the Profit and Loss Account of the Company for the period ended on that date, the Directors Report attached thereto, and the Auditors' Report to the Members. 2. Re-appointment of Mr. A S Ruia & Mr. M P Mehrotra, as Directors of the Company, liable to retire by rotation. 3. Appointment of M/s. Nisar & Kumar, Chartered Accountants, as the auditors of the Company, to hold office from the conclusion of this Annual General Meeting till the conclusion of the next Annual General Meeting on remuneration, terms & conditions. 4. Confirmation of the Hon ble High Court of Judicature at Bombay, sanctioning of the Scheme of Arrangement in the nature of Demerger of Investment Undertaking of India Securities Ltd (¶he demerged company") unto Essar Securities Ltd ("the resulting company") the equity share capital of the Company be reduced upon the implementation of the Scheme of arrangement from Rs. 26,59,43,850 /- divided into 2,65,94,385 equity shares of Rs.10/- each to Rs. 15,95,66,310/- divided into 2,65,94,385 equity shares of Rs. 6/- each and that the same shall simultaneously stand consolidated into issued and paid - up equity capital of the Company of Rs. 15,95,66,310 /- divided into 1,59,56,631 equity shares of Rs 10/- each by consolidation of every 5 equity share of Rs. 6/- each to 3 equity share of Rs. 10/- each. (As per BSE Announcement dated on 22/08/2008) 
23-Aug-07
India Securities Ltd has informed BSE that the members at the 23rd Annual General Meeting (AGM) of the Company held on August 23, 2007, inter alia, have accorded to the following: 1. Adoption of the Directors report, the audited Profit and Loss account for the year ended on March 31, 2007 and Balance Sheet as on that date and the Auditors report thereon to the members of the Company. 2. Re-appointment of Shri. S N Ruia & Mr. S V Venkatesan as Directors of the Company, liable retire by rotation. 3. Appointment of M/s. Nisar & Kumar, Chartered Accountants, Mumbai, as the Statutory Auditors of the Company, to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms and conditions. 4. Re-appointment of Shri. S M Lodha, as Executive Director of the Company with effect from July 27, 2006 for the period of 5 years, on remuneration, terms and conditions. 

EGM

26-Jul-11
India Securities Ltd has informed BSE that by an Order made on June 21, 2011, the Hon'ble High Court of Judicature at Madras has directed that a meeting of Equity Shareholders of the Company will be held on July 26, 2011 at 10.30 A.M. at Chennai House, 5th Floor, 7, Esplanade, Chennai - 600 108 for the purpose of considering, and if thought fit, approving, with or without modification, the amalgamation embodied in the Scheme of Amalgamation proposed to be made between ETHL Communications Holdings Ltd and India Securities Ltd and their respective shareholders. 
13-Dec-10
India Securities Ltd has informed BSE that by an Order made on November 10, 2010, the Hon'ble High Court of Judicature at Mumbai has directed that a meeting of the Equity Shareholders of the Company will be held on December 13, 2010, for the purpose of considering, and if thought fit, approving, with or without modification, the amalgamation of embodied in the Scheme of Amalgamation proposed to be made between Essar Telecommunications Holdings Pvt. Ltd. and India Securities Ltd. and their respective shareholders. India Securities Ltd has informed BSE that At the court convened meeting of equity shareholders held on December 13, 2010 at 10.30 a.m., majority of members present in person or by proxy representing 99.9994% of the total value of votes, voted for the resolution proposing scheme of amalgamation of Essar Telecommunications Holdings Private Limited with the Company and their respective shareholders. At the court convened meeting of preference shareholders held on December 13, 2010 at 11.30 p.m. the resolution proposing scheme of amalgamation of Essar Telecommunications Holdings Private Limited with the Company and their respective shareholders was carried unanimously. The scheme of amalgamation is now subject to approval of Hon'ble High Court of Judicature at Madras. (As Per BSE Announcement Website dated on 14.12.2010) 
03-Mar-10
India Securities Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 03, 2010, inter alia, have passed resolutions for approving the following: 1. Reclassification of authorized capital into equity and preference shares. 2. Subdivision of 1 fully paid up equity share of Rs. 10 each into 10 fully paid up equity shares of Re. 1 each. 3. Alteration in the capital clause of Memorandum and Articles of Association of the Company. 4. Enhancement of limit for FII investment. 5. Issue of Compulsory Convertible Preference shares on Preferential allotment basis. 6. Raising of funds through issue of securities in international markets on Private Placement basis. 7. Raising of funds through Qualified Institutional placement 8. Authority for borrowing as per section 293 (1)(d) of the Companies Act, 1956. India Securities Ltd has informed BSE that the Company has completed allotment 2,00,000 Compulsory Convertible Preference Shares of Rs 2000 each as approved by the members at their Extra Ordinary General Meeting held on March 03, 2010. (As Per BSE Announcement Website dated on 18.03.2010) 
11-Aug-08
India Securities Ltd has informed BSE that pursuant to an Order dated June 27, 2008 the Hon'ble Court of Judicature at Bombay, has directed that separate meeting of the equity shareholders & Secured Creditors of the Company will be held on August 11, 2008, for the purpose of considering, and if thought fit, approving with or without modification, the arrangement embodied in the proposed Scheme of Arrangement between the Indian Securities Ltd (the Applicant / Demerged Company) with Essar Securities Ltd (the Resulting Company) and their respective shareholders and creditors. 

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
I D F C 24,751.83 14.03 1.84 11.65 13.9 10.6 3.56
Shriram Trans. 17,903.79 13.16 2.49 6.93 23.1 14.5 3.95
L&T Fin.Holdings 14,198.27 127.23 4.02 80.10 2.8 3.8 0.07
M & M Financial 13,797.88 15.99 3.10 9.49 22.8 13.6 4.34
Bajaj Finserv 11,264.72 165.39 4.68 80.93 5.4 7.6 0.00
Vatsa Corpn 10,250.98 0.00 1.35 0.00 0.0 0.0 0.00
Reliance Capital 9,189.02 13.88 0.80 10.23 5.7 9.7 2.06
Bajaj Fin. 7,503.84 12.69 2.23 9.86 24.0 13.3 4.99
Shri.City Union. 5,942.13 14.10 3.28 8.04 23.3 14.1 5.75
Sundaram Finance 5,909.96 14.13 3.30 7.51 21.4 13.1 5.32
Muthoot Finance 5,837.71 5.81 1.56 6.23 41.9 20.6 7.35
KSK Electricity 5,418.99 3,168.33 9.36 0.00 0.3 0.4 0.00
India Securities 4,926.38 0.00 57.40 0.00 0.0 0.0 1.78
DSP Merrill Lyn 4,689.56 24.85 2.36 0.00 10.4 14.2 0.00
Religare Enterp. 4,536.53 67.03 1.55 0.00 0.0 0.0 0.00

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Key Information

Key Executives:

S V Venkatesan , Chairman 

M P Mehrotra , Director 

Harshada S Pathak , Company Secretary 

V G Raghavan , Director 


Company Head Office / Quarters:
77/56 C P Ramaswamy Road,
Abhirampuram,
Chennai,
Tamil Nadu-600018
Phone :
Fax :
E-mail :
Web : http://
Registrars:
Data Software Research Co Ltd
#19 Pycroft Garden R
Off Haddows Road
Nungambakkam
Chennai - 600006

Fund Holding

 
Scheme Name No. of Shares
No data found

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