COMPANY

The name of the Company was changed from Sugal & Damani Finlease Limited to Sugal & Damani Share Brokers Limited vide fresh certificate of incorporation dated 23/12/2008 issued by the Registrar of companies, Chennai, Tamil Nadu.

AMALGAMATION & CHANGE IN BUSINESS ACTIVITY

The Scheme of Amalgamation of Sugal & Damani Share & Stock Brokers Private Limited, Sugal & Damani Securities (Madras) Private Limited and Sugal & Damani (Chennai) Share Broking Limited with the Company was approved by the Shareholders of the Company at the Court Convened Meeting held on 16/02/2008.

The Hon’ble High Court of Madras sanctioned the Scheme of Amalgamation with 01.04.2007 as appointed date vide its order dated 12.09.2008.

The Amalgamation Scheme has been implemented and the Company’s main business activities are going to be Share broking, DP activity and Portfolio Management Services

In view of the Amalgamation, the Company altered the main objects clause of the Memorandum of Association vide Special Resolution dated 28.07.2007 passed by Postal Ballot and removed existing clauses relating to fund based activity.

PRESENT CAPITAL STRUCTURE OF THE COMPANY

The Company was incorporated with an authorized capital of Rs. 25 lakhs and later it was increased to Rs. 700 lakhs. On amalgamation, the Authorised capital was increased to Rs. 9,05,00,000/- as per the Order of the High Court of Madras. The paid up capital of the Company stands increased from Rs. 300 lakhs to Rs. 6,25,00,070/-. The shares are listed on Bombay Stock Exchange.

INSPIRING LEADERSHIP

The Company has been promoted by the reputed group "SUGAL & DAMANI". "Sugal & Damani" group is headed by Sri. N. Sugalchand Jain and Sri. G.N. Damani. The group consists of leading lottery organizers based at various places in India and has varied interests in property and farm development, tourism, share broking, commodity broking, dye chemicals manufacturing and trading. The Group's turnover exceeds Rs.10,000 crores. The Company's Managing Director has rich experience in money lending, finance and share broking business. The other directors of the Company have a very rich experience in different fields such as Law, Taxation, Finance and Management consultancy, Textiles, and Share Broking , Commodity Broking and also possess all round exposure which is essential for the progress of the company.

BOARD OF DIRECTORS

1. P.J.SREEDHARAN, CHAIRMAN

He is an FCA and is practising as a successful auditor.

2. N. SUGAL CHAND JAIN, MANAGING DIRECTOR

The Managing Director's vision as well as insight has been a great source of inspiration to the Group. He has business experience of more than 25 years.

3. S. VINODH KUMAR JAIN, EXECUTIVE DIRECTOR

He has experience of about 9 years in share broking.

4. MAHESH B. CHANDAK, EXECUTIVE DIRECTOR

He has experience of about 9 years in share broking.

5. G.N.DAMANI

He is a dynamic personality and has experience of over four decades in various fields of business.

6. R.N.DAMANI

He has to his credit experience of about 4 decades in various fields of business.

7. HASTIMAL SURANA

He has over 3 decades business experience in Textile industry.

8. S. KANNADASAN

He is a Chartered Accountant with 15 years post-qualification experience.

GROUP CONCERNS

CORPORATE PHILOSOPHY & PRINCIPLES

The group has evolved certain principles and values which are learnt through its wide experience. The values area a must in a rapidly changing field to keep the Company ahead of others.

• To consider clients & customers as a part of business and not outsiders.
• To work for long term progress of the Company instead of short term gains.
• To strive for excellence at all cost by utilizing management tools of planning, control, monitoring and involvement of everyone.
• To create in its people an awareness that quality is must at all levels & stages. OUR SOCIAL COMMITMENTS

OUR SOCIAL COMMITMENTS

The group has philanthropic outlook and has so far donated more than Rs. 5 crores to various medical / educational institutions in the country. The two leaders of the group have championed the cause of the needy and are closely associated with various institutions like Cancer Institute, Shankara Nethralaya, Voluntary Health Service, The Madras Institute of Magnatobiology, SCARF India, Misrimal Naraji Munoth Polytechnic, D.B.Jain College, Bharatiya Vidhya Bhawan, S.C.Jain Educational Society, etc.

The group has established Bhagwan Mahaveer Foundation. The Foundation in pursuance of its main objective of nurturing excellence in the spheres of Non-violence & Vegetarianism, Education & Medicine and Community & Social Service has instituted Mahaveer Awards comprising a cash component of Rs. 5 lakhs each, a citation and a Memento.