LADAM AFFORTABLE HOUSING Share price

Ladam Finance Ltd was incorporated on 23rd of November 1979 inthe state of Maharashtra as Private Ltd Company under the nameand style of Ladam Investment & Finance Co. Pvt Ltd andconverted into a Public Limited Company and the name was changedto Ladam Finance Ltd on 25th Day of November 1994.The Company''s present activities are confined to investmentsmainly in real estate and stock markets. the main object of theCompany since inception has been to invest the capital onpurchase of shares stocks etc. The assets were revaluedrecently. PRESENT ACTIVITIES OF THE COMPANYThe Company is presently engaged in investments in the realestate and investment in shares of listed companies.The financial services industry has opened up on account of theliberalisation of the Indian economy. Although the industry ishighly competitive the Company does not foresee any problem inestablishing itself because of the experience gained by itspromoters and director inspite of the fact that it is a newcompany in leasing and hire purchase arena.MAIN OBJECTS OF THE COMPANYThe main objects of the Company as stated in the Memorandum ofAssociation of the Company are as under:1. To negotiate advance deposit or loan money or securitiesto buy sell discount and deal in promissory notes bills ofexchange hundies warrants coupons or other negotiable ortransferable securities or chose-in-action or other documents.To invest guarantee or become liable for the payment of moneyor for the performance of any obligations or to stand as suretyand generally to transact all kinds of business of indemnity andguarantee to execute all kinds of trusts and carry on all kindsof agency business.2. To issue on commission subscribe acquire hold buy sellexchange and deal in shares stocks debenture bondsobligations or securities of any Government local authorityport trust municipality or company. To re-issue any stocks orshares or other securities with or without the guarantee of thecompany. 3. To buy or otherwise acquire any property movable orimmovable to sell exchange surrender transfer leasemortgage charge convert layout turn to account dispose offand deal with property and right of all kinds and in particularsmortgages leases exchanges debentures concessions optionscontracts obtain annuities licenses stocks sharesdebentures or other bonds policy actionable claim big debtsbusiness concern and undertaking claim privilege andchose-in-action of all kinds.4.To promote convert establish and assist any private orpublic limited or unlimited company. To reissue any stocks orshares or any security with or without the security of thecompany. To act as managers receivers land agents andcontractors. To underwrite guarantee subscribe forconditional or unconditional issue on commission or otherwisehold deal in and convert stocks shares and securities of allkinds. 5. To receive money on deposit account or current or otherwisewith or without interest and to receive in deposit or safecustody any title deeds or other securities.SUBSIDIARY OF THE COMPANYThe Company has no subsidiary.