The Company was originally incorporated as a Private Limited Company in the name of M/s.RGN Securities Pvt.Ltd under the Companies Act,1956 on October 1992, with the main objects, inter alia.
To carry on the business of merchant banking, investment banking and share and stock brokering. On 19th April 1995, the company was converted into a Public Limited Company in the name of M/s. RGN Securities and Holdings Ltd. The main objects of the company after converting into public company is as follows:
To act as Manager, advisers, consultants, to any company engaged in the issue of any shares, debentures and securities to the public or to shareholders on private placement and to look after any work connected with the issue, either pre-issue /post issue and to carry on the business of Merchant Banking activities which includes Capital Market Operations, and issue management.
To carry on the business as investment company whether in India or else where and to invest the funds of the company in purchasing or otherwise acquiring by original subscription tender, purchase exchange, underwriting or sub-underwriting or by participation in syndicate or otherwise any shares , stocks, debentures, bonds and securities of any kind and to hold buy sell and deal with the same.
To undertake and pursue the business as share and stock brokers / dealers underwriters, market makers in stocks , shares, debentures, bonds and other securities in any one or more recognized stock exchanges in the country as members .
To provide specialized services in investor relations, investment counseling including portfolio management and to act as registrars to the issue of shares debentures and fixed deposits and other securities and also share transfer agents
The company has obtained the approval of Securities and Exchange Board of India (SEBI) to act as category III Merchant Banker vide their approval No INM000003754 dated February 15,1994
The company had obtained Certificate of Registration to carry on the business of a Non-Banking Financial Institution issued by Reserve bank of India from 07-03-1998 further, the company has exit from NBFC category from 24-08-2006 by obtaining cancellation of certificate of registration to carry on the business of a non-banking financial institution from Reserve bank of India.
The company came with public issue of 950000 Equity Shares of Rs.10/-each for cash at par offer to public aggregating to Rs.95 lacs to the general public.
The total paid up capital of the company after the public M/s. Cameo Corporate Services Ltd issue stood as Rs.320 lacs. The shares are listed on both Madras and Bombay stock exchanges. The company has appointed M/s. Cameo Corporate Services Ltd has been appointed as Registrar and Share Transfer Agent of the company.
The company has entered into tripartite agreement between the company, National Securities and Depository Limited and M/s. Cameo Corporate Services Ltd on 12-05-2008 for de-materlization of shares of the company to facilitate the company shares to be traded in the electronic mode as per the SEBI guidelines
Milestones of the Company
In the year of 2006, M/s.Webfund Foundation Pvt.Ltd, has acquired 45% equity stake capital from the Original Promoter Mr. M.R.G.. Nageshan and taken over the management of the company.
M/s.Webfund Foundation Pvt.Ltd promoter of the company duly complied all the open offer formalities and also amended the the name clause and alter the main object clause of RGN Securities and Holdings Ltd to venture into BioTech filed.At present M/s.Noni Bio-Tech Pvt Ltd holds 69.73% of the total paid up capital of the M/s.Wellness Noni Ltd.
M/s.Webfund Foundation is a Private Limted , Company Registered under Companies Act, 1956 promoted by Prof. P.I. Peter In 2007, the name of the M/s Webfund Foundation Pvt Ltd has been changed to M/s.Noni Biotech Pvt.Ltd
M/s.Noni Bio-Tech Pvt Ltd will be leasing out it manufacturing plant to Wellness Noni Ltd on a long term lease of its machinery and sharing know-how information M/s.Wellness Noni Ltd will produce Divine Noni products and it will be marketed all over India and Globally with the assistance of M/s.Noni Bio-Tech Pvt Ltd.