Lloyds Finance Ltd. Company History and Annual Growth Details

YEAR EVENTS
1985 - The Company was Incorporated on 13th August as Magnificient
Leasing and Investments Ltd. and obtained the Certificate for
Commencement of Business on 18th October. It was promoted by
R.N. Gupta of the Lloyds Group of Companies.

- The Company's object is engaged in the business of leasing, hire
purchase, merchant banking, equity research, corporate finance,
portfolio management, forex and other advisory services.

1990 - In April, the Company started bill discounting and
inter-corporate deposit placement.

1991 - In August, the Company further diversified its business profile
by adding merchant banking, securities finance, equity research,
portfolio management etc. To reflect Group Identity the name of
the Company was changed to Lloyds Finance Ltd.

- Effective 1st April, four other companies belonging to the group
viz. Avron Investments Ltd. Revlon Investments & Finance Ltd.,
Mukesh Properties Pvt. Ltd. and Magnetic Steels International Ltd
with interest in investment, export, trading and real estate were
merged with the company. The Scheme of the said amalgamation
received approval from the High Court of Mumbai vide their order
dated 18.03.1992.

1993 - The Company launched "Inno Advisor" a comprehensive package
involving key specialist functions such as portfolio broadbasing
counselling and restructuring.

- 7 No. of equity shares subscribed for by signatories to the
Memorandum of Association. 9,99,993 No. of equity shares of
Rs.10 each issued through a prospectus of 9th Jan. 1986 as
follows:

- (i) 3,99,993 shares reserved for allotment on a firm basis to
public. Balance 6,00,000 shares issued to the public.

- Additional 2,50,000 shares allotted to retain over subscription
(one lakhs to promoters and 1,50,000 shares to public).
57,00,000 shares allotted to amalgamating companies of these
18,81,760 shares were cancelled because of cross holdings by
companies which also includes 5,98,560 shares of Lloyds Fin. Ltd.
During January, the Company 25,55,000 Rights equity shares (prop.
3:4 prem. of Rs.55 per share). 47,95,000 No. of equity shares
were simultaneously issued through prospectus, at a prem. of Rs.
55 per share as follows: on preferential allotment basis:

- (i) 25,00,000 shares to shareholders of Lloyd Steel Industries
Ltd.

- (ii) 95,000 shares to Lloyds and Group companies (only 900 shares
taken up).

- Balance 22,00,000 shares along with 94,100 shares not taken by
employees issued to the public.

1994 - The Auto finance division introduced two new products viz., Auto
Sec H for financing secondhand cars and Auto Soft a concessional
finance scheme for clients with prompt repayment record.

- During December, the company set up the said unit offering its
entrepreneurs turnkey services encompassing techno-feasibility
studies, conception of project. In addition also provides for
merchant appraisal assignment wherein it offers services in
bought out deals, mergers and acquisition.

1995 - The Company issued through the prospectus 100,00,000 debentures
of Rs.190 each with warrants as follows:

- On firm allotment basis: (i) 1,15,000 debentures to Indian
Mutual Funds.

- (ii) 4,02,500 debentures to Indian Financial Institutions/Banks.

- (iii) 1,44,800 debentures to FIIs/NRIs/OCBs.

- Of the remaining, the following were - for allotment on
preferential basis:

- (i) 18,85,000 debentures to Indian Mutual Funds,

- (ii) 15,97,500 debentures to Indian Institutions/Banks,

- (iii) 22,55,200 debentures to FIIs/NRIs/OCBs,

- (iv) 42,500 debentures to employees,

- (v) 10,00,000 debentures to Indian shareholders of group
companies. Balance 25,57,500 debentures to public. Part A of
Rs.70 of each debenture was to be converted into one equity share
of Rs.10 each at a prem. of Rs.60 per share at the end of 6
months from the date of allotment of debentures.

- Part B of Rs.120 was to be converted into one equity share at the
end of 18 months from the date of allotment at a price of 50% of
the average market price at BSE for the previous six months prior
to such conversion, subject to a max. of Rs.120 and min. of Rs.10
It conversion price is below Rs.120, the surplus amount shall be
refunded. OR, the shareholders have the option to redeem the
`B' part in 3 equal instalments at the end of 36, 42, 48 months
from the date of allotment.

- One detachable freely tradeable equity warrant was to be allotted
for every 10 debentures. Warrant was to be converted into 1
equity share of Rs.10 each by paying Rs.10 per warrant at the end
of 12 months from the date of allotment.

- 74,93,240 bonus equity shares allotted in prop. 1:2.

1996 - 92,23,100 shares allotted on conversion of part `A' of optionally
fully convertible debentures. 7,95,600 shares allotted on
conversion of warrants.

2004

-The Registered Office shifted to 2nd Floor, Viraj Impex house,47,P.D'Mello Road, Masjid(East),Mumbai-400009

2008

-The Company have designated a separate e-mail ID as lflinvestors@yahoo.co.in

2011

-The Company appointed Shri Pankaj R. Desai as Managing Director of the Company.

2013

-Registered Office of the Company has been shifted from old location to B/24, 1st Floor, Pravasi Industrial Estate, Off. Aarey Road, Goregaon (East), Mumbai - 400 063, Phone No: 022 - 29275216, Fax No: 022 - 29276014.

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