YEAR EVENTS 1993 - The Company was incorporated as Khandwala Securities Private Limited on February 9. The Company later became a deemed public limited company on July 1, 1995 under the provisions of section 43(1A) of the Companies Act, 1956. - The Company was promoted in February, by M/s. Jayantilal Khandwala & Sons and Mr. Samir S. Doshi. - In July, the Company was accredited by SEBI as a category I Merchant Banker and commenced offering a diverse range of financial services. - The Company obtained membership of the National Stock Exchange, both in the wholesale debt and capital market segments and has also obtained Sponsor Membership of the Over The Counter Exchange of India. 1994 - The Equity shares of the Company of face value of Rs 100 each were subdivided into equity shares of Rs 10 each on May 10. The issued, subscribed & paid-up capital is divided into 4,810,000 No. of Equity Shares of Rs 10 each, fully paid-up which includes 787,500 No. of Equity Shares of Rs 10 each, issued as fully paid-up bonus shares. - The Company has one wholly owned subsidiary - Khandwala Finances Limited, which is engaged in the business of stock broking. 1995 - The Company has issued and allotted 1,40,000 - 13.5% Cumulative Redeemable Preference Shares of face value of Rs 100 each for an aggregate value of Rs 140 lacs. The preference shares are redeemable at par at the end of 3 years from the date of allotment. 1997 - The credit rating of "FA " assigned to the FD programme of the Company was re-affirmed by CRISIL during the year. 1998 - The Company is constantly reviewing its positioning in this dynamic environment with the objective of locking into high growth and potentially profitable opportunities. - The Company is not engaged in any manufacturing activity and therefore, there are no particulars to be disclosed under the Companies (Disclosure of Particulars in the Report of Board of Directors) Rules, 1988 relating to conservation of energy or technology absorption. - The Company has, however, accepted other regulated deposits, namely, Inter-Corporate Deposit (ICD), as per NBFC (RBI) Directions, 1977 and has repaid or renewed the same as the case may be, on due dates and no amount remains unclaimed or unpaid as on the last date of the financial year. 1999 - The Union Budget for the fiscal year 1999-2000, abolished stamp duty on secondary market debt transactions, routed through a depository. - On July 8, was a red letter day in the history of the Indian debt markets with the introduction of interest rate swaps and forward rate agreements, derivative tools in the fixed income markets. - Khandwala Securities Ltd (KSL), one of the oldest broking firms on the BSE, is planning to set up an Asset Management Company. The AMC will be launching about 3 schemes initially. These include growth fund, balanced fund and pure debt fund. - KSL currently has over 3,500 domestic and 700 overseas clients with over Rs 1,700 crore of funds under management. - During the year the company redeemed 17.5% Secured Non-Convertible Debentures aggregating Rs. 5.201 million. The company also redeemed 13.5% Cumulative Redeemable Preference Shares worth Rs. 14.00 million. - The company has issued 12.5% Cumulative Redeemable Preference Share worth Rs. 5.00 million and 12% Cumulative Redeemable Preference Shares worth Rs. 14.00 million. 2005 -The Company appointed Mr. S. M. Parande as new Chairman of the Company. 2012 -The Company has signed an agreement in USA with the US based Company, Daulton Capital Corporation for raising of funds on their project cost equivalent US $ 50 million for a gold mining project based in Australia. 2016 -Khandwala Securities Ltd. "Adoption of New Set of Articles of Association of the Company".