Treat Non Promoter / Minority Share Holders Fairly

Promoters should be  Investor Friendly.

 In the holding company Binani Metals Limited ( Listed at CSE )they executed a Reverse Split ( Consolidation ) of face Value of One Share from Rs. 100 to Rs. 1000 Per Share ( and the resultant fractions compulsorily sold at a fraction of real value . No other Listed Company in India has a Face Value of Rs.1000

( The Reason stated by the Company to Share Holders for the move to consolidate 10 shares of Rs. 100 into One Share of Rs. 1000.WAS THAT THIS WOULD IMPROVE LIQUIDITY 

 Shares of Binani Industries Limited and others, owned by Binani Metals Limited transferred to Dharmik Commondeal P Limited at Book Value. 

Aggrieved Share Holders took up the matter with Calcutta Stock Exchange but no justice was done.
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Rate 89 Paise Per Share Transfer of 48 Lakh Shares of Binani Industries From Binani Metals

Binani  Metals Limited is a Listed entity ( Calcutta Stock Exchange );

Very recently 48 Lakh shares of Binani Industries were transferred out of the Company at the rate of 39 Paise Per Unit via an entity called Dharmik Commondeal P Limited

( Shares of asset laden Binani Zinc were also taken out @ Book Value ).

This is grossly Unfair to shareholders of Binani Metals Limited.

( Earlier the Company had made a Reverse Split ( Consolidation ) of Rs. 100 Face Value to Rs. 1000 . No other Listed Entity in India has a Face Value of Rs. 1000. For every 10 shares of Rs. 100 one share of Rs. 1000 was allotted .Resulting fractions were compulsorily sold at a very very low rate. )
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Please read about the Inter Group Share Transfer ( especially the last Para- Dharmik Commondeal P Limited )

http://www.moneycontrol.com/livefeed_pdf/Sep2012/Binani_Industries_Ltd_240912_SAST.pdf

The original owner of the shares of Binani Industries being transferred from Dharmik Commondeal P Limited was Binani Metals Limited . These were transferred out of Binani Metals Limited at Book Value

http://t.in.com/1sg6

Can any investor / analyst show the link between the delisting of Binani Cement and the transfer to a private limited company by the holding company Binani Metals Limited of 48 shares of Binani Industries Limited for just Rs.43 lakh,
http://t.in.com/fsfC 

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Please , also click ,

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

The Promoters of Navin Fluorine ( Arvind Mafatlal Group ) have set up a grand example which should be followed by all others. In the financial year 2011-12 Navin Fluorine received a windfall of around Rs. 70 crore. Out of this s. 60 crore + was distributed as Special Dividend of Rs. 60 Per Share ( 600 % )over and above the normal normal Dividend. God Bless the Promoters of Navin Fluorine who treat all their Stake Holders ( Promoters + Non Promoters ) equally. 
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Some of the other Managements which love to share the wealth with all their stake holders are Hero MotoCorp ( Brij Mohan Munjal Group ) Hindustan Unilever ( HUL ) Cummins India etc. etc. They do not treat their listed entities as Private Limited Companies or HUF s

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Please also click :-

http://www.rareindianshares.info/2009/06/binani-metals-limited.html 

http://www.rareindianshares.info/2013/04/nirma-drops-move-to-consolidate-face.html