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Company Profile

COMPANY

SUGAL & DAMANI SHARE BROKERS LTD (Formerly known as SUGAL & DAMANI FINLEASE LTD) was incorporated on 7th May, 1993. It was entitled to commence business w.e.f. 17th May, 1993.

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 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 was increased from Rs. 300 lakhs to Rs. 6,25,00,070/-. The shares are listed on Bombay Stock Exchange and Madras 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 Executive Directors v.i.z., Shri.S.Vinodh Kumar Jain and Shri.Mahesh Chandak, have rich experience in Share Broking and Commodity 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 also possess all round exposure which is essential for the progress of the company.

BOARD OF DIRECTORS

1. MR. S. VINODH KUMAR, EXECUTIVE DIRECTOR
About 15 years of Experience in Share Broking.
2. MR. MAHESH CHANDAK, EXECUTIVE DIRECTOR
About 15 years of Experience in Share Broking.
3. MR. BABULAL SURANA
Experience of over four Decades in Finance.
4. MR. S. KANNADASAN
Experience for over a Decade in Finance & Taxation.
5. MR. S. PRASAN CHAND JAIN
About 15 years of Experience in Share Broking.
6. MR. RAJESH GURDAS WADHWA
Varied Experience of about two Decades.
7. MS. DHANESH MRINALINI
Former Chairperson in FICCI Ladies Organization and Entrepreneurial Experience of over 10 years.


The Company has Five Committees viz.,
  1. Audit Committee
  2. Nomination and Remuneration Committee
  3. Stakeholders Relationship Committee
  4. Borrowing Committee
  5. Investment Committee
  1. Audit Committee

    The Company has an Audit Committee. The Committee consists of 3 members, viz., Mr. S. Kannadasan, Mr. Babulal Surana and Mr. Rajesh Gurdas Wadhwa, all Non-Executive & Independent Directors.

  2. Nomination and Remuneration Committee

    The Company has an Nomination and Remuneration Committee. The Committee consists of Mr. S. Kannadasan, Mr. Babulal Surana and Mr. Rajesh Gurdas Wadhwa, all Non-Executive & Independent Directors.

  3. Stakeholders Relationship Committee

    The Company has an Stakeholders’ Relationship Committee. The Committee consists of Mr. S. Kannadasan, Non-Executive Director, and Mr. Mahesh Chandak, Executive Director.

  4. Borrowing Committee
  5. The Company has an Borrowing Committee. The Committee consists of 2 members, viz., Mr. Mahesh Chandak and Mr. S. Vinodh Kumar, Executive Directors.

  6. Investment Committee
  7. The Company has an Investment Committee. The Committee consists of 2 members, viz., Mr. Mahesh Chandak and Mr. S. Vinodh Kumar, Executive Directors.


ASSOCIATE CONCERN

  • Sugal Commodity Brokers P. Ltd.

  • 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

    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.

    SUGAL & DAMANIpowered by trust, driven by commitment

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    SUGAL & DAMANI SHARE BROKERS LTD.,
    CIN: L65991TN1993PLC028228
    CITY CENTRE PLAZA, I FLOOR,
    NO.7, ANNA SALAI, CHENNAI 600 002
    TEL NO: 28587105-108,
    FAX: 91-044-42155285

    Compliance Officer :
    Contact No :
    Maild ID :
    Grievance Redressal :
    T.Balasubramanian
    28587105-108 - Extn 27 Mob: 99620 11609
    compliance@sugalshare.com
    grievance@sugalshare.com
    Copyright 2006. All rights reserved to Sugal & Damani Share Brokers Ltd .
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