Macrofil Investments Limited

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May 08, 2018

Macrofil Investments-- Holdings Worth

please click

https://trendlyne.com/portfolio/superstar-shareholders/custom/?query=macrofil%20investments%20limited

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October 03, 2017

Macrofil Investments- Share Consolidation to Rs.5000. To Kick Our Small Investors

Macrofil Investments has chosen the cheap trick of consolidating the face value of its share from Rs. 10 to Rs. 5000 to kick out loyal Non Promoter shareholders at a fraction of Intrinsic NAV.

Macrofil Investments claimed that at an EGM dt 18 /07/17 such a Resolution was passed.

We ( shareholders ) never received this EGM Notice. 

Macrofil Investments is an Asset Laden Company holding Promoters shares of National Peroxide.

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Consolidation of Face Value to a Higher Denomination SHOULD NOT BE ALLOWED UNDER ANY CIRCUMSTANCE.

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Shareholders of Macrofil Investments / Investor Community should oppose tooth and nail such anti small shareholder tactics.by 

1 ) writing to Macrofil Investments at

 NEVILLE HOUSE J NHEREDIA MARG BALLARD ESTATE MUMBAI MH 400001 IN

2 ) Filing Objections with National Company Law Tribunal ( NCLT ) Mumbai Bench where this Petition by Macrofil is pending 

Address: 6th Floor, Fountain Telecom, Building 1, Mahatma Gandhi Road, Fort, Mumbai, Maharashtra 400001

Phone: 022 2261 1456

3 )

 writing to ( as this is an Unlisted Company )

Ministry of Corporate Affairs,

'A' Wing, Shastri Bhawan, Rajendra Prasad Road, New Delhi, Delhi 110001

Shareholders should , also ,demand listing of Macrofil Investments in NSE / BSE

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Please also click

http://www.rareindianshares.info/2010/12/asset-laden-investment-companies.html

Investors Use Section 245 Against Microfil Investment Share Consolidation

Till date, the most powerful tool in the hands of minority shareholders has been bringing a suit for oppression and 

mismanagement, said Suhail Nathani, managing partner, Economic Law Practice. "Under the 2013 Companies Act, 

Section 245, over 100 shareholders can also file a class action suit but its application and enforcement is still nascent," 
he said. 

Read more at:

http://economictimes.indiatimes.com/articleshow/60370946.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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Recently Digvijay Finlease made a proposal of consolidating the face value of its share from Rs. 10 to Rs. 1000. Those holding fractions i.e. holding 1 to 99 shares were to be compulsorily paid Rs. 200 per Rs. 10 share. The intrinsic NAV of one share of Digvijay Finlease ( Rs. 10 paid up ) had been worked out by some to be Rs.40,000 .

After shareholders raised the matter with the Company. Ministry of Corporate Affairs , New Delhi and NCLT , Digvijay was forced to withdraw this Anti Small Shareholder step .

http://www.rareindianshares.info/2017/09/digvijay-finlease-withdraws-share.html 

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WE WILL WIN AGAIN - WE WILL PUT UP A UNITED FIGHT

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old / original post

Macrofil Investments Limited ( Registered Office : 9 , Wallace Street , Mumbai-1 ) is the promoters ' holding company of Nusli Wadia group ( i.e. Bombay Dyeing group ).

Macrofil Investments Ltd. was incorporated by Bombay Dyeing. The investments of Bombay Dyeing were transferred to this company. The shareholders of Bomaby Dyeing were offered subscription of shares of this company. Very few applied. Most of new shares were allotted to promoters of Bombay Dyeing.

Macrofil Investments Limited holds , at cost price, a large holding of other group companies mainly National Peroxide Ltd. The market worth of the holdings is many times the book value .The company had offered Buy Backs and further reduced the share capital.

Financials : as on 31-03-2010

Share Capital : Rs.44 Lakh ( Face value per share Rs. 10 )
Reserves : Rs. 5 cr 5 lakh
Net Profit : Rs. 1 cr 83 lakh
Dividend : 120 %

Further , the market value of quoted  shares is Rs.52 cr.55 lakh against Book Value Rs. 5 cr 21 lakh.

Thus the share has Tremendous Hidden Worth.


Present day market value of Macrofil Investments major holdings

https://trendlyne.com/portfolio/superstar-shareholders/custom/?query=macrofil%20investments%20limited

Status : Unlisted and Illiquid

This makes the share ideal for investment by Collector - Investor class

http://rareindianshares.blogspot.com/2010/12/asset-laden-investment-companies.html

Caution :The blog writer has personal/ family members' holdings in this company ,so please make suitable "provisions " for likely over optimism

Warning : Investment in shares can be injurious to your WEALTH.


( NB : Please recheck facts. No responsibility with the author / blog )