A novel series of hydrogen bonded ferroelectric liquid crystals (HBFLC) have been isolated. Phase transition temperatures obtained by differential scanning calorimetry (DSC) and textural observations elicited by polarizing optical microscope (POM) studies are discussed. Phase diagram is constructed from the above data. Salient feature of the present work is observation of a light modulation due to field induced transitions (FiT) in nematic and smectic C* phases. Tilt angle measurements in various FiT of smectic C* phase are discussed. One of the mesogens in nematic phase behaves like an optical modulator; helical pitch measurements support the above observation.