The Board of S. E. Investments Ltd., a leading financial services company with particular stress on micro credit, has announced stock split subject to the approval of its shareholders. One Equity share with a face value of Rs. 10/- each will be sub-divided into 10 equity shares of the face value of Re. 1/- each.

The Board has also proposed to appoint Mr. Harish Singh as Executive Director of the Company in its above meeting.

The Board has also accorded in principle approval for the amalgamation of Unnati Financial Services Private Limited, New Delhi with the Company, subject to approval of the Scheme of Amalgamation by the Board of Directors of the two companies.

Announcing the split, Mr. Sunil Agarwal, Managing Director of S. E. Investments Ltd. said, “We are actively pursuing growth opportunities in the fast growing financial services sector in the country. As a professionally managed and growth-oriented company, we have posted consistent growth inspite of stiff competition and stringent regulatory changes through a constantly updated product portfolio.”

S. E. Investments Ltd. posted a whooping 149% jump in its Net profits for the quarter ended June 30, 2008 to Rs. 292.09 lacs, up from Rs. 117.48 lacs for the same period in the last fiscal.

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About S. E. Investments Ltd.

Headquartered in Uttar Pradesh, S. E. Investments Ltd. (SEIL) is an upcoming financial services company that emphasizes on micro credit. SEIL promotes micro credit to Women and Self Help Groups (SHGs) in both urban and rural areas. By enhancing the employability and income of women, SEIL is alleviating the poverty and living conditions of people at both macro and micro levels. To fund its operations, SEIL has tied up with leading financial institutions of the country. Credit facilities are enjoyed from Punjab National bank, ICICI Bank, SIDBI, IREDA, HDFC Bank and Axis Bank.

The company has also invested in alternate energy in Karnataka and Rajasthan. It has installed 2.40 MW Enercon make Wing Energy Generators (WEG) at Chitradurga, Karnataka. Another 0.80 MW Enercon make WEG is set up near Jaisalmer in Rajasthan.