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sumedha fiscal services ltd (530419) Details

Sumedha Fiscal Services Limited provides investment banking, wealth management, and broking services in India. The company operates through Capital Market Operations, Investment Banking, and Others segments. Its investment banking services include merchant banking, debt syndication, financial restructuring, portfolio resolution of stressed assets, mergers and takeovers, and equity placements. The company’s wealth management services comprise financial planning, insurance advisory, and portfolio management, as well as distribution services for IPOs, mutual funds, and bonds. Its broking services include stock broking, commodity, and depository services. The company was founded in 1989 and is based in Kolkata, India.

Founded in 1989

sumedha fiscal services ltd (530419) Top Compensated Officers

Whole Time Director
Total Annual Compensation: 2.0M
Compliance Officer and Company Secretary
Total Annual Compensation: 666.6K
Compensation as of Fiscal Year 2016.

sumedha fiscal services ltd (530419) Key Developments

Sumedha Fiscal Services Limited Approves Dividend for the Financial Year Ended March 31, 2016, Payable on or After September 22, 2016

Sumedha Fiscal Services Limited's Board of Directors at their meeting held on May 28, 2016, recommended a dividend of INR 0.50 per equity share of INR 10 each, for the financial year ended March 31, 2016. Dividend, if approved by members, will be paid on or after September 22, 2016.

Sumedha Fiscal Services Limited Reports Audited Standalone and Consolidated Cash Flow Results for the Year Ended March 31, 2016

Sumedha Fiscal Services Limited reported audited standalone and consolidated cash flow results for the year ended March 31, 2016. For the year, on standalone basis, the company reported net cash used in operating activities of INR 7,165,567 compared to net cash from operating activities of INR 38,281,638 a year ago. Purchase of fixed assets was INR 2,702,807 compared to INR 621,656 a year ago. For the year, on consolidated basis, the company reported net cash used in operating activities of INR 17,797,280 compared to net cash from operating activities of INR 37,502,476 a year ago. Purchase of fixed assets was INR 2,702,807 compared to INR 1,779,824 a year ago.

Sumedha Fiscal Services Limited, Annual General Meeting, Sep 17, 2016

Sumedha Fiscal Services Limited, Annual General Meeting, Sep 17, 2016, at 10:30 Indian Standard Time. Location: MCC Chamber of Commerce & Industry 15B Hemanta Basu Sarani Kolkata ­ 700 001 India Agenda: To consider and adopt the audited financial statement of the company for the financial year ended March 31, 2016 together with the Report of the board of directors and the auditors thereon and the consolidated audited financial statement of the company for the financial year ended March 31, 2016; to declare dividend for the financial year ended March 31, 2016; to appoint a Director in place of Mr. Vijay Maheshwari who retires by rotation and being eligible offers himself for re-election; and to re-appoint M/s. ARSK & Associates, Chartered Accountants as the auditors of the company.

 

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