Seskaria Finance Limited (SFL) was incorporated on April 10, 2021, as a public limited company in Maharashtra. Its principal objectives include carrying on the business of a finance company, providing financial support to individuals and businesses through customer-focused financial solutions. The company describes itself as reliable and stable within India’s financial services industry.
The National Company Law Tribunal (NCLT), Mumbai Bench, approved a Scheme of Arrangement by way of Demerger between Ishwarshakti Holdings and Traders Limited and SFL through its order dated April 10, 2024. Under the scheme, the sugar business operated by Ishwarshakti Holdings and Traders Limited was demerged into SFL, with the demerger considered effective from April 1, 2021.
As consideration for the transfer, SFL issued one fully paid equity share with a face value of ₹10 for every four fully paid equity shares of ₹10 each held in Ishwarshakti Holdings and Traders Limited. On September 18, 2024, SFL issued 10,080,000 equity shares to the shareholders of Ishwarshakti Holdings and Traders Limited, following approval by its Board of Directors at the meeting held on September 19, 2024.
