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HB Leasing & Finance Co Ltd logo

HB Leasing & Finance Co Ltd

NSE: BSE: 508956

₹10.80

(1.82%)

Sat, 30 May 2026, 03:15 am

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Company History

1982

  • The Company was incorporated on 30th March.
  • The main object of the company is to provide Integrated Financial Services.

1983

  • The certificate of commencement of business was obtained on 26th June.

1984

  • 14,40,000 shares were issued, with 4,40,000 shares reserved for allotment to promoters, directors, etc.
  • 5,50,000 shares were reserved for preferential allotment to Non-Residents of Indian origin/nationality on a non-repatriation basis.
  • 4,50,000 shares were offered to the public through a prospectus.

1985

  • The Company issued equity shares and 15% secured non-convertible debentures on a rights basis.
  • Allotments were made in respect of equity shares and debentures.
  • Efforts were made to dispose of the unsubscribed portion through private placement.

1987

  • The Company entered into newer leasing areas, including leasing contracts for imported equipment, vendor leasing, hire purchase financing, and hi-tech industry.

1989

  • The company entered into institutional financing of consumer durables.
  • The performance of the operational lease division was adversely affected due to detention of its vehicles at various loading and unloading points.

1990

  • 2,25,000 shares were allotted from the unsubscribed portion of the Rights issue made in 1985/86.

1992

  • The Company offered right and public issue of zero interest fully convertible debentures.
  • Part A of the debentures was to be converted into one equity share at a premium of Rs 15 per share at the end of six months from the date of allotment.
  • Part B of the debentures was to be converted into two equity shares at a premium of Rs 27.50 per share at the end of 12 months from the date of allotment.

1993

  • 68,94,456 No. of Equity shares were allotted on conversion of part A and B of Zero Interest returned fully convertible debentures.

1994

  • 9,06,795 No. of Equity shares were allotted on conversion of part A and B of Zero Interest Secured fully convertible debentures.

2006

  • The Company appointed Mr. Anil Goyal as Managing Director.

2007

  • The Company designated an E-mail ID for the purpose of grievance redressal of Investors: [email protected]