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Trans Financial Resources Ltd.

BSE: 526961 Sector: Financials
NSE: N.A. ISIN Code: INE404B01014
BSE 00:00 | 09 Oct Trans Financial Resources Ltd
NSE 05:30 | 01 Jan Trans Financial Resources Ltd
OPEN 32.00
PREVIOUS CLOSE 32.00
VOLUME 5
52-Week high 32.30
52-Week low 21.00
P/E
Mkt Cap.(Rs cr) 37
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 32.00
CLOSE 32.00
VOLUME 5
52-Week high 32.30
52-Week low 21.00
P/E
Mkt Cap.(Rs cr) 37
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Trans Financial Resources Ltd. (TRANSFINRES) - Director Report

Company director report

1996 TRANS FINANCIAL RESOURCES LIMITED DIRECTORS' REPORT The Directors are pleased to submit the Second Annual Report and Audited Statement of Account for the period ended 31st March, 1996. DIVIDEND This is the initial periods of operations of about one year only hence to conserve the resources, your directors do not recommend any dividend for the year. OPERATIONS The Company has received registration as Category - I Merchant Bankers and during the year the Company successfully managed three Public Issue of Equity Shares as Lead Manager. EQUITY ISSUE In terms of resolution passed at the Annual General Meeting held on 7nd July, 1996 15,00,000 Equity shares of Rs. 10/- each allotted on preferential basis to promoters and their friends and relatives and business associates at a premium of Rs.1/- per shares. DIRECTORS At the ensuing Annual General Meeting Shri Jaysingh D. Rawal and Mr. Hemrajsinh S. Vaghela retired by rotation and being eligible offers themselves for re-appointment. Shri Dharmendrasinh Jadeja resigned from the Directorship as well as from the Managing Director and in his place your directors have appointed Shri Surendrasinh L. Vaghela as Managing Director. Necessary resolution is placed for your approval. PARTICULARS OF EMPLOYEES There is no employee drawing remuneration of Rs. 12000/- per month the information as per section 217(1)(e) of the said Act read with the Companies (Disclosure of particulars in the report of Board of Directors) Rules, 1988 are not required to be furnished. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EARNINGS/OUTGO The Company has no activities relating to energy, technology absorption and there was no foreign Exchange earning or outgo. FIXED DEPOSITS The Company has not accepted any fixed deposits during the period. AUDITORS M/s. Dharmendra & Khajanchi, Chartered Accountant Auditors of the Company whose term expire at the Annual General Meeting and being eligible offers themselves for re appointment. ACKNOWLEDGMENT The Directors wish to mention here that they appreciate the Co-operation, the Company has received from its Bankers. Securities Exchange of India, Stock Exchange of Ahmedabad and Bombay and the Shares holders. The Directors also acknowledge the sincere efforts put in by the employees at all levels. For and on behalf of the Board Surendrasinh L. Vaghela (Managing Director) Place : Ahmedabad Dated : 2nd September, 1996.