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* - Tentative Dates
The objects of the Net Proceeds of the Issue are:
1. Augmenting the capital base of the Company.
2. General Corporate Purposes.
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 3.24 | 0.26 | -0.31 |
| 31-Mar-21 | 3.49 | 0.45 | 0.28 |
| 31-Mar-22 | 4.01 | 0.75 | 0.47 |
| Amount in ₹ Crore | |||
Adcon Capital Services Limited, a Company incorporated as Adcon Capital Services Limited on July 28, 1994 under the Companies Act, 1956 and holding registration as Non Banking Financial Company (NBFC) from Reserve Bank of India. This company provide finance to their clients after satisfying themselves about the credit worthiness and repayment capacity of its borrowers after evaluating major risks associated with the business/project/proposal for which loan has been sought.
In this limited lending business they mainly fucus on providing financial services with a paramount focus on Micro, Small and Medium Enterprises (MSMEs) small and medium enterprises (SMEs), corporate and non-corporate sector. Their loan portfolio as of March 31, 2022, is 290.44 lakhs. They provide both secured and unsecured loans based on the risk profiles of the clients.
Adcon Capital Limited need sufficient financial liquidity and resources to be able to meet demands and opportunities from their growth plans. The investment strategies are mostly long-term, and are based on an analysis of investment fundamentals.
