| Rathi Share & Stock Brokers Limited was incorporated as a Pubic Limited Company on 29th November,1994 and obtained certificate of commencement of business on 2nd December,1994 with an object to take over the running
business of M/s Rathi Bros - a partnership concern.
The Company was incorporated with a view to reflect the broad based activities in the field of securities and financial services related activities. To expedite the Stock Broking Buisiness and proposed activities, the Company took over the running buisiness of M/s Rathi Bros - a partnership concern with complete infrastructure and
exiting business as on 22.02.1995 (Closing hours). Between 2.12.94 and 22.02.95 and prior to the acquisition of the firm, the Company earned a net profit of Rs. 0.22 lacs on purchase and sale of securities.
M/s Rathi Bros, the partnership firm was promoted by Shri.Hari Narayan Rathi and Shri Kamal Narayan Rathi. The firm was engaged in the business of providing Underwriting assistance, lnvestment advice, Share broking consultancy in the Primary & Secondary markets. The Company has been admitted as Corporate Member of The Hyderabad Stock Exchange Ltd., Hyderabad and the same has been communicated by the Stock Exchange vide their letter HSE:ADMN:95:705 dated 31.01.1995 and also registered by SEBI vide their certificate no.INB- 060695539 dated 23rd February 1995.
Shri.Hari Narayan Rathi and Shri.Kamal Narayan Rathi are the partners of the M/s Rathi Bros - a partnership concern. At the time of take over of the partnership firm, the Company has acquired the Membership Card of Shri.Karmal Narayan Rathi for a consideration of Rs.65.00 lacs and has
entered in to agreement of sale dated 31.01.1995.
Some of the SaiIent Features of the agreement of Sale of HSE Membership Card are as folIows
1. The amount to be paid in Cash within one month from the date of agreement.
2. The seller assigns in favour of the Purchaser all the rights,titles and benefits of the Membership of The Hyderabad Stock Exchange Ltd. The Company has recently applied for OTCEl dealership vide loner dated 30.01.1995 to deal in OTC Exchange of India.
2009
--Registered Office of the Company has been shifted rom 4-5-173, Hasmath Gunj, Sultan Bazar, Hyderabad - 500095 to 6-3-650, 218, 2nd Floor, Maheshwari Chambers, Somajiguda, Hyderabad 500082.
2010
-BNR Udyog recommend Dividend @ 10%.
2012
-BNR Udyog appointmed Mr. Sandeep Rathi as Executive Director of the Company.
2013
-BNR Udyog- "BNR Pashamylaram Enterprises Private Limited" has been incorporated as a subsidiary of BNR Udyog Limited.
-BNR Udyog has received the work order from Government of Andhra Pradesh through Andhra Pradesh technology Services Limited for Scanning and Digitization of Documents under eDistrict MMP of IT & C Department, GoAP for a period of two years for two districts i.e. Khammam and Mahboobnagar.
-BNR Udyog has recommended a dividend of 10% i.e. Rs. 1.00 per share of face value of Rs. 10/- each.
2014
-BNR Udyog has recommended a dividend of 10% i.e. Rs. 1/- per share.
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