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SRS Finance Ltd
"SRS Multiplex"
Top Floor,City Centre, Sector-12
Phone: +91 1294323100p:+91 1294323100 FARIDABAD, 121003  India Ticker: 536799536799

On 11/3/2017, SRS Finance Ltd.'s Board of Directors announced they would file an application under Section 7 of the Insolvency & Bankruptcy Code 2016 with the National Company Law Tribunal (NCLT) for the initiation of a Corporate Insolvency Resolution Process against various Debtors of the Company. The Board has initiated this process as SRS Finance Ltd's liquidity is being impacted by its Debtors failing to make timely payments. As a consequence, the Company failed to make its monthly interest payments to its lending Banks and has been classified as a Non Performing Asset. The Debtors include; Destiny Gems & Jewellers Private Limited, Akriti Global Traders Limited, Shivansh Sales Agencies Private Limited, Latest IT Solutions Limited, Madhav Bullions &Jewellers Private Limited, Ujjawal Sales Agencies Private Limited, Stunning Suppliers & Traders Private Limited, Haryana Facilities Services Private Limited, Faridabad Traders & Suppliers Private Limited, Omega Jewellers Private Limited, Shaurya Sales Agencies Private Limited, and Aspire Suppliers Private Limited.

Business Summary
SRS Finance Limited is an India-based is a non-banking finance company (NBFC-NDSI). The Company is engaged in the business of non-banking financial institution. The Company is also engaged the business of financing and trading in securities and investments. The Company operates through two segments: Securities & Investments and financing activities. The financing activities segment provides business loans for the small or medium-sized enterprise (SME), micro, small and medium enterprises (MSMEs) through a host of products, such as term loans, capex loans, working capital business loans, bridge loans and loans against property. The Securities & Investments segment includes trading in securities, wherein it trades directly in stocks.
(Source: ARS)

Scores and Ratings
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Z''
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-Yes-----

Financials, News and Filings
Latest
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News
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Judgment
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Filings
12/31/20173/31/2017Yes----

General Information
Outstanding Shares: 981,215,930 (As of 2/9/2018)
Stock Exchange: BOM
Fax Number: +91 1294323195


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Wednesday, May 11, 2022