Helpage Finlease Limited is a registered Non-Banking Financial Company (NBFC) with the Reserve Bank of India. Established on October 04, 1982, the company primarily operates in investment securities and lending activities. As its asset size remains under Rs 100 crores, it currently holds the status of a Non-Systemically Important Non-Deposit taking NBFC. Indian NBFCs have played a significant role in extending financial services to unbanked segments, particularly through retail asset-backed lending, securities-based lending, and microfinance.
In a board meeting on May 15, 2015, the directors approved the allotment of 28,80,000 Equity Shares of Rs. 10/- each, totaling Rs. 2,88,00,000/-, to Promoters and Strategic Investors. These shares rank pari passu with the existing Equity Shares. The Delhi Stock Exchange granted listing approval for these shares on October 1, 2015. Although the allotment occurred on May 15, 2015, they were listed and admitted for trading on the Delhi Stock Exchange starting from October 1, 2014. The company applied for the listing of its equity shares on the Bombay Stock Exchange in November 2014 to offer a trading platform for its shareholders. The Board received permission from the Bombay Stock Exchange effective from June 5, 2015.
During the fiscal year, G2 Consultant Private Limited ceased to be an associate company on March 28, 2018, due to a preferential allotment of shares. To meet the company's funding requirements, the Board proposed in its meeting on February 12, 2018, to raise additional capital of 67,30,000 Equity shares through Preferential allotment, as per the provisions of the Securities and Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations, 2009, and other applicable laws. Subsequently, the board allotted 67,30,000 equity shares in its meeting held on March 28, 2018.
In a board meeting on May 15, 2015, the directors approved the allotment of 28,80,000 Equity Shares of Rs. 10/- each, totaling Rs. 2,88,00,000/-, to Promoters and Strategic Investors. These shares rank pari passu with the existing Equity Shares. The Delhi Stock Exchange granted listing approval for these shares on October 1, 2015. Although the allotment occurred on May 15, 2015, they were listed and admitted for trading on the Delhi Stock Exchange starting from October 1, 2014. The company applied for the listing of its equity shares on the Bombay Stock Exchange in November 2014 to offer a trading platform for its shareholders. The Board received permission from the Bombay Stock Exchange effective from June 5, 2015.
During the fiscal year, G2 Consultant Private Limited ceased to be an associate company on March 28, 2018, due to a preferential allotment of shares. To meet the company's funding requirements, the Board proposed in its meeting on February 12, 2018, to raise additional capital of 67,30,000 Equity shares through Preferential allotment, as per the provisions of the Securities and Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations, 2009, and other applicable laws. Subsequently, the board allotted 67,30,000 equity shares in its meeting held on March 28, 2018.
