Sandip Ginodia Buying / Selling Jullundur Motor 90 /125, PNB Finance 3000/4000, Others

30/4/2014

                                                       BUY               SELL

 BSE                                                150                 175

 BHARTI TELECOM                    3200                   3800

  EASTERN INV                           1300                   1700

  BHARAT NIDHI                       4000                     5000

  PNB FINANCE                          3000                     4000

 CADBURY                                  1600                   1950

JULLUNDER                                 90                     125

TATA TECH                                  950                     1350

GUJ NRE  MINERALS                   5                        10

HDFC LIFE                                   115                    150

ICICI PRU LIFE                            135                   190

LUX HOSIERY                             195                     245

MID EAST INT                               14                        20

MSTC                                              600                     850     

                                    

RATNAKAR BANK                     130                      145 

SANDIP GINODIA  , 9830271248  , KOLKATA

PROP :        ABHISHEK SECURITES

                   DEALERS OF UNLISTED SECURITIES  web: www.abhisheksecurities.com

=====================================================

Dealers of Rare Indian Shares 

ANIL GOEL

09896444123

goelgoelbrothers@gmail.com

 MANISH

9958006642


NILESH KOTAK

09274038842

http://www.nileshkotak.com/BaseHandler?module=home&doaction=view




DHARAWAT


08108303330 or dharawat1@gmail.com

SANDIP GINODIA

ABHISHEK SECURITIES,


  sandip@abhisheksecurities.com  

9830271248
http://www.abhisheksecurities.com/unlisted.htm
 
www.sapphirewealth.com 

http://www.abhisheksecurities.blogspot.in/

73a, GANESH CH AVENUE, 2ND FLOOR, KOLKATA-700013

OPPOSITE HIND CINEMA, NEAR AXIS BANK

Vikas Aggarwal

09314111189

Sujak investment
Ahmedabad-380013
Email id - sujakinvestment@gmail.com
Cell 08905537733

 3A CAPITAL SERVICES

Contact: 022-67809990
Toll Free: 1800 209 2929
Visit: www.3aindia.com


http://www.3aindia.com/

Integrated Fincap Pvt. Limited
 HO
1111 , Indraprakash ,
21 ,Barakhamba Road ,
 New Delhi-110001

Toll Free : 1800-111-110 

Ph. :011-23351793 , 23357089
( m ) 098110 - 65464

  

  TANYA

9871162597

PARDEEP TANTIA

M-9873245550

Dilip Surana

Strides Financial Services
"Arihant Plaza"
84-85,Wall Tax Road, Ist floor
Park Town, Above SBI
CHENNAI 600003
Phone No 044-25350312, 25350313
Fax No  044-42371148
Mobile 9840278351      95000 95121

dilipmsurana@gmail.com
Website : www.investorinfo.in

Vipul Gandhi

Gandhi Associates
25 , New Jagnath , Saptabhumi Apt.,( G.F.)
Rajkot-360001
Tel 0281-3046757 /3057667
(m)  093755- 77007
email:   unquotedshares@rediffmail.com
Website  www.unquotedshares.co.in 

Harish Mittal

09867303077

vickey104@gmail.com

  Pankil Shah
veerajbroking@ymail.com
9898616232

Coolraj Sakhlecha

SAKHLECHA STOCK SERVICE
333 MINT ST.,
CHENNAI 600 001
CELL   09841557344
PH  -    04425388750.  email : coolrajs1970@yahoo.co.in 

( List Incomplete- To be Expanded )

Anil Goel Buying Jullundur Motor 85, Frick 550, Tata Techno 1000 , Others

BUYING BHARAT NIDHI @ VERY ATTRACTIVE PRICE

BUYING PNB FIN @ VERY ATTRACTIVE PRICE

BUYING JULLUNDHUR MOTOR @ 85

BUYING FRICK @ 550

BUYING TATA TECHNO 1000

BUYING A V THOMAS 1500

09896444123

goelgoelbrothers@gmail.com

ANIL GOEL

==============================================================

Dealers of Rare Indian Shares 

ANIL GOEL

09896444123

goelgoelbrothers@gmail.com

 MANISH

9958006642


NILESH KOTAK

09274038842

http://www.nileshkotak.com/BaseHandler?module=home&doaction=view




DHARAWAT


08108303330 or dharawat1@gmail.com

SANDIP GINODIA

ABHISHEK SECURITIES,


  sandip@abhisheksecurities.com  

9830271248
http://www.abhisheksecurities.com/unlisted.htm
 
www.sapphirewealth.com 

http://www.abhisheksecurities.blogspot.in/

73a, GANESH CH AVENUE, 2ND FLOOR, KOLKATA-700013

OPPOSITE HIND CINEMA, NEAR AXIS BANK

Vikas Aggarwal

09314111189

Sujak investment
Ahmedabad-380013
Email id - sujakinvestment@gmail.com
Cell 08905537733

 3A CAPITAL SERVICES

Contact: 022-67809990
Toll Free: 1800 209 2929
Visit: www.3aindia.com


http://www.3aindia.com/

Integrated Fincap Pvt. Limited
 HO
1111 , Indraprakash ,
21 ,Barakhamba Road ,
 New Delhi-110001

Toll Free : 1800-111-110 

Ph. :011-23351793 , 23357089
( m ) 098110 - 65464

  

  TANYA

9871162597

PARDEEP TANTIA

M-9873245550

Dilip Surana

Strides Financial Services
"Arihant Plaza"
84-85,Wall Tax Road, Ist floor
Park Town, Above SBI
CHENNAI 600003
Phone No 044-25350312, 25350313
Fax No  044-42371148
Mobile 9840278351      95000 95121

dilipmsurana@gmail.com
Website : www.investorinfo.in

Vipul Gandhi

Gandhi Associates
25 , New Jagnath , Saptabhumi Apt.,( G.F.)
Rajkot-360001
Tel 0281-3046757 /3057667
(m)  093755- 77007
email:   unquotedshares@rediffmail.com
Website  www.unquotedshares.co.in 

Harish Mittal

09867303077

vickey104@gmail.com

  Pankil Shah
veerajbroking@ymail.com
9898616232

Coolraj Sakhlecha

SAKHLECHA STOCK SERVICE
333 MINT ST.,
CHENNAI 600 001
CELL   09841557344
PH  -    04425388750.  email : coolrajs1970@yahoo.co.in 

( List Incomplete- To be Expanded )

Piramal Glass ( Gujarat Glass ) Delisting- Indicative Price Rs. 100 Per Share

http://www.moneycontrol.com/news/business/23rd-minority-shareholders-favour-delisting-piramal-glass_1076078.html


For Piramal Glass ' Official Website :-

http://www.piramalglass.com/

===========================================

Piramal Glass ( Gujarat Glass ) Delisting Successul -Discovered Price Rs.140

Please Click :-

http://www.moneycontrol.com/stocks/reports/piramal-glass-post-delisting-offer-813844.html

===================================

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

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

  NB: All information given in good faith. Please recheck all facts etc. No responsibility with this author / blog. 

===================================================

Fulford Delisting Offer - Indicative Price Rs.1150

http://www.moneycontrol.com/news/buzzing-stocks/fulford-india-soars-20delisting-open-offer_1075335.html

http://www.business-standard.com/article/news-cm/fulford-india-hits-52-week-high-on-delisting-plan-114042900786_1.html

http://www.business-standard.com/article/markets/fulford-india-soars-75-on-delisting-plan-114050201028_1.html

================================================



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

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

  : All information given in good faith. Please recheck all facts etc. No responsibility with this author / blog. 

================================================

Why have MP s ?.MLA s are sufficient For Both State and Centre .

There is no need to have a separate class of MP s and MLAs. MLA s or MP s of a particular state 
should discharge the responsibility of both MP s and MLA s. They can use video conferencing and need not travel much with their Red Light caravans ( at Tax Payers' expense )

Example

5 MLA s = 1 MP. Why have a separate class of MPs. These 5 MLAs should act as Punjab MLA s for Punjab state ( Punjab Assembly )matters. For Cenre ( Parliament ) these very MLA s ( through video conferencing ) should participate in the Parliament Why have MP s ?

Selling Harig Crankshaft shares

i m having shares of Harig Crankshaft, i m willing to sell the share, any buyers, plz reply..

My mail id @- ariesashok1982@gmail.com

Protect Rights of Non Vote Banks ( Post Elections )

Hold Elections every 3 Years.

In the USA tenure of President is for 4 years.

5 Year tenure in India was decided up on 64 years ago and when votes were cast on Ballot Papers.

Election costs, now , can be reduced to a minuscule if voting is done by Mobile Phones.

The expenditure thus saved should be used to give free mobile phones to those Indians who do not own one.

Democracy should be much more than a Right to Choose Your Jagirdar.

There should be a Public Commission ( like Minorities Commission ) to protect the Rights of the Non Vote Banks.

Exploitation of the Non Vote Banks , after elections and formation of Governments should end.

Arvind Selling Jamna Auto ( Physical )

I have 300 shares of JAMNA AUTO.  3 certs of 100 shares each.

They are in my name, jointly with another person.

They are very old holdings.

I want to sell them, without having to go thru the rigors of getting demat accounts opened etc etc.

If any of you interested to buy, please respond.

I am in Bangalore, and the deal can be done across the table.

Best regards

Arvind Akshan

Bangalore

9916871250

Tushar Buying Mideast Intg. Steel @ 14/ 50

" WANTED 2000 SHARES OF MIDEAST INTG. STEEL - @ 14.50 "

CONTACT - TUSHAR AGARWAL M# 09824601977 "

E-MAIL:- tsagarwal@rediffmail.com

Oppose All Forcible Cancellation of Non Promoter Shares

All those who attempt to forcibly buy out small shareholders ( at their own dictated rates as Valuations are done by their own appointees ) should , instead ,follow Don Corleone ( GODFATHER )'s dictum

" MAKE HIM ( i.e. Shareholders ) AN OFFER THAT HE 

CANNOT REFUSE '

The Buying Out should be Voluntary and NOT compulsory .

=========================================================================

Earlier Posts

April 20, 2014

Nirma Limited - Shabby Treatment of its Loyal Shareholders

Message Received :-

I have a few shares of Nirma Limited. I read on this blog that company tried to forcibly cancel shares in July 2013 and pay investors a small amount. Was the company successful in this? I did not receive any cheque for pending amount, hence i ask this question. Please let me know if anyone has knowledge or own Nirma shares.

================================================================

Blog Answer :-

Nirma Limited has treated its remaining LOYAL shareholders very shabbily.

Earlier ,at the time of Delisting Shares were bought @ Rs. 260.

Recently , the remaining Non Promoter Shares were forcibly acquired @ Rs. 220 .Cheques have been despatched.
=========================

This happens Only in India 

JAI HO

===================
EARLIER POSTS

 06, 2013

Nirma Compulsory Acquisition of Non Promoters Details

April 01, 2014

Nirma Limited- Compulsory Buy Back @ Rs.225

Nirma Limited has despatched Pay Orders for compulsory cancellation of minority Non Promoter shares @ 

Rs. 225 per share.

=====================

Older Post

Total Number of Non Promoter Shares  : 7439704 shares - Rs. 5 Paid  ( 4 :68 % )

No. of Non Promoter :Shareholders :41,619 

Reason given in EGM Notice ( for 23/ 07 / 13 -11 AM , Ahmedabad ) as to why Promoters ' shares are excluded from compulsory capital reduction is that these Share holders have given their consent to RETAIN their shares ( Page 3 - Explanatory Statement  , Second Last Para ).

So , the legal position may be that all those shareholders ( Promoter or Non Promoter ) who give their consent to retain their shares would be excluded from this compulsory acquisition / cancellation of shares . 

=============================================================

NB: Send this letter , also , in hard copy by Regd. Post / Speed Post

Nirma Limited - Compulsory Buy Back- Letter to Compliance Officer

From :-                                                                       Dated:- 04-07-2013

To ,

The Compliance Officer ,

Nirma Limited,

Nirma House, Ashram Road,

Ahmedabad - 380009

Dear Sir ,

With due respect , we state as under :-

1 ) We hold shares of your Company under L/f : ( A/c - ).

 2 ) The move to compulsory acquire shares selectively from the remaining share holders @ Rs. 225 Per Share is unrealistic and  unacceptable to us .

3) The compulsory buy-back rate of Rs.225/- is grossly unfair to the remaining public share holders as the rate at the time of Delisting was Rs. 260. Instead of increasing the Rate , it has been decreased

3 ) In case our name ( , L/ f  ) figures in your list of shares for Compulsory Cancellation , then  , please remove it - from the list ,under intimation to us (  by Registered post / Speed Post ).

4 ) We request you to withdraw this anti Non - Promoter move in its entirety .

5 ) PIease, also dispatch a certified copy of the valuation report.

6) In case, the Company persists , then we would be left with no other remedy but to challenge the same in appropriate Court of Laws  , including the Hon'ble High Court of Gujarat and the Hon'ble National Company Law Tribunal.

( Please study the rulings given in the case of compulsory and selective  cancellation of shares by Cadbury India Limited )

As we are CAVEATORS , please do keep us updated of all the legal moves by the Company in this regard.

Regards

Share Holder

email ;-

--------------------------------------------------------------------------------

Email address of Nirma :-

info@nirma.co.

==========================================

Nirma 's Voluntary Tendering Delisting @ 260 - Compulsory Buy Back @ 225

In treating its Share holders shabbily / unwanted babies ,Nirma Limited has beaten its Peers like Cadbury India , Shakti Metdor etc.

Whereas Nirma Limited voluntary Tendering Rate at the time of Delisting was Rs. 260 , now , Nirma wants to kick out the remaining share holders @ Rs, 225

Wonder how they treat Class IV employees  there.

Are Share holders ( owners of the Public Limited Company ) treated any better ?

If such is the mind set of owners then why do they invite Public Capital , in the first place ?

They are better off as HUF / Private Limited

http://www.rareindianshares.info/2013/07/nirma-compulsory-buy-back-shareholders.html

------------------------------------------------------------------------------------------------------------
NIRMA LIMITED

Delisted

wef :28-03-2012

Exit Offer : Rs. 260 ( for Rs. 5 Paid Up Share )

Exit Window Closed on 03-10-2012

-------------------------------------------------------------------------------

Nirma Compulsory Buy Back- Shareholders to Oppose Tooth And Nail

Shareholders of Nirma Limited are determined to oppose vehemently Nirma Limited 's anti small shareholder move to compulsorily buy back non promoters shares @ Rs. 225 ( Rs 5 Paid ).

Earlier Delisting Price was Rs. 260 . Now , Kicking Out Rate is Rs. 225 .

Are the Promoters willing to Sell Out their Holding at Rs. 225 ?

AGM at Ahmedabad on 23/07/13 , 11 AM

Shareholders are writing their opposition by sending letters , Regd Post , to the Compliance Officer. Later , legal action ( like with Cadbury India and Shakti   Metdor would be undertaken )

------------------------------------------------------------------



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

http://www.rareindianshares.info/2013/05/corruption-is-there-in-indian-corporate.html

------------------------------------------------------------------------------------

Nirma EGM- Shareholders Force Voting - Ballot Results Tomorrow

We have received Reports ( which please RECHECK independently - no responsibility with us ) that :-

EGM- 23-07-13  - for compulsory acquisition of Non Promoter shares was stormy.

Shareholders  asked for

1 ) Cancellation of this anti shareholder move.


2 ) challenged the Valuation Report

3 ) Decided to oppose the Move in the  Hon'ble High Court of Gujarat ( on the lines of Cadbury India and Shakti Metdor cases)

Ultimately , voting was held ( ballot system )


Results are expected to be declared tomorrow.

BLOG DISCLAIMER : PLEASE RECHECK ALL INFORMATION. NO 

 RESPONSIBILITY WITH BLOG

-----------------------------------------------------------------

Disclosure :- Blog Writer holds in his name / family members shares of Nirma limited 

April 02, 2013

Nirma Drops Move to Consolidate Face Value to Rs.50,000 Per Share

Small Shareholders of the Delisted  FMCG  Company , Nirma Limited  ,have welcomed the cancelling of the grossly  Anti Small Shareholder move to Reverse Split ( Consolidate the Face Value of One Share from Rs. 5 Per Share to Rs. 50,000 Per Share ) by issuing one Share of Rs. 50,000 for every 10,000 shares.

Such a move is  a under hand  Compulsory acquisition of shares from small shareholders.

For this Nirma Limited Resolution , please click :-

{ Please do read the highly arrogant ( Anti Non Promoter shareholder mindset ) and illogical Justification - given for this Shameful move in the EXPLANATORY STATEMENT in the Agenda circulated .}

http://www.nirma.co.in/pdf/EGM-Notice-12-12-2012.pdf 

----------------------------------------------------------------------

Nirma Compulsory Buy Back- Shareholders to Oppose Tooth And Nail Shareholders of Nirma Limited are determined to oppose vehemently Nirma Limited 's anti small shareholder move to compulsorily buy back non promoters shares @ Rs. 225 ( Rs 5 Paid ). AGM at Ahmedabad on 23/07/13 , 11 AM Shareholders are writing their opposition by sending letters , Regd Post , to the Compliance Officer. Later , legal action ( like with Cadbury India and Shakti Metdor would be undertaken )
-----------------------------------------------------------------------------------------------------------

A few years ago, asset laden and listed company Binani Metals Limited , had in a similar move made a Reverse Split ( consolidation from Rs. 100 Face Value to Rs. 1000 Per Share ) thus making a compulsory Buy Back ( at very Low Rates ) from Small Share holders and of Custodian of Enemy Properties Shareholders ( now in Pakistan ).

Binani Metals Limited ( exclusively listed at Calcutta Stock Exchange ) is the only Listed Share in India to have a Face Value of Rs.1000 /- !!

For Binani Metals Reverse Split, please Click :-

http://www.rareindianshares.info/2011/01/binani-metals-limited-why-face-value.html
--------------------------------------------------------------------------------------------------

http://www.rareindianshares.info/2013/03/nirma-limited.html

http://economictimes.indiatimes.com/nirma-ltd/directorsreport/companyid-10565.cms

-----------------------------------------------------------------------------------------------------

uly 06, 2013

Nirma Compulsory Acquisition of Non Promoters Details

Total Number of Non Promoter Shares  : 7439704 shares - Rs. 5 Paid  ( 4 :68 % )

No. of Non Promoter :Shareholders :41,619 

Reason given in EGM Notice ( for 23/ 07 / 13 -11 AM , Ahmedabad ) as to why Promoters ' shares are excluded from compulsory capital reduction is that these Share holders have given their consent to RETAIN their shares ( Page 3 - Explanatory Statement  , Second Last Para ).

So , the legal position may be that all those shareholders ( Promoter or Non Promoter ) who give their consent to retain their shares would be excluded from this compulsory acquisition / cancellation of shares . 

=============================================================

NB: Send this letter , also , in hard copy by Regd. Post / Speed Post

Nirma Limited - Compulsory Buy Back- Letter to Compliance Officer

From :-                                                                       Dated:- 04-07-2013

To ,

The Compliance Officer ,

Nirma Limited,

Nirma House, Ashram Road,

Ahmedabad - 380009

Dear Sir ,

With due respect , we state as under :-

1 ) We hold shares of your Company under L/f : ( A/c - ).

 2 ) The move to compulsory acquire shares selectively from the remaining share holders @ Rs. 225 Per Share is unrealistic and  unacceptable to us .

3) The compulsory buy-back rate of Rs.225/- is grossly unfair to the remaining public share holders as the rate at the time of Delisting was Rs. 260. Instead of increasing the Rate , it has been decreased

3 ) In case our name ( , L/ f  ) figures in your list of shares for Compulsory Cancellation , then  , please remove it - from the list ,under intimation to us (  by Registered post / Speed Post ).

4 ) We request you to withdraw this anti Non - Promoter move in its entirety .

5 ) PIease, also dispatch a certified copy of the valuation report.

6) In case, the Company persists , then we would be left with no other remedy but to challenge the same in appropriate Court of Laws  , including the Hon'ble High Court of Gujarat and the Hon'ble National Company Law Tribunal.

( Please study the rulings given in the case of compulsory and selective  cancellation of shares by Cadbury India Limited )

As we are CAVEATORS , please do keep us updated of all the legal moves by the Company in this regard.

Regards

Share Holder

email ;-

--------------------------------------------------------------------------------

Email address of Nirma :-

info@nirma.co.

-------------------------------------------------------------------------------------------

Disclosure :- Blog Writer holds in his name / family members shares of Nirma limited  ( less than 10,000 shares ) and Binani Metals Limited  

July 03, 2013

Nirma 's Voluntary Tendering Delisting @ 260 - Compulsory Buy Back @ 225

In treating its Share holders shabbily / unwanted babies ,Nirma Limited has beaten its Peers like Cadbury India , Shakti Metdor etc.

Whereas Nirma Limited voluntary Tendering Rate at the time of Delisting was Rs. 260 , now , Nirma wants to kick out the remaining share holders @ Rs, 225 

Wonder how they treat Class IV employees  there.

Are Share holders ( owners of the Public Limited Company ) treated any better ?

If such is the mind set of owners then why do they invite Public Capital , in the first place ?

They are better off as HUF / Private Limited

http://www.rareindianshares.info/2013/07/nirma-compulsory-buy-back-shareholders.html

------------------------------------------------------------------------------------------------------------
NIRMA LIMITED

Delisted

wef :28-03-2012

Exit Offer : Rs. 260 ( for Rs. 5 Paid Up Share )

Exit Window Closed on 03-10-2012

-------------------------------------------------------------------------------

Nirma Compulsory Buy Back- Shareholders to Oppose Tooth And Nail

Shareholders of Nirma Limited are determined to oppose vehemently Nirma Limited 's anti small shareholder move to compulsorily buy back non promoters shares @ Rs. 225 ( Rs 5 Paid ).

Earlier Delisting Price was Rs. 260 . Now , Kicking Out Rate is Rs. 225 .

Are the Promoters willing to Sell Out their Holding at Rs. 225 ?

AGM at Ahmedabad on 23/07/13 , 11 AM

Shareholders are writing their opposition by sending letters , Regd Post , to the Compliance Officer. Later , legal action ( like with Cadbury India and Shakti   Metdor would be undertaken )

------------------------------------------------------------------


Delisted

wef :28-03-2012

Exit Offer : Rs. 260 ( for Rs. 5 Paid Up Share )

Exit Window Closed on 03-10-2012

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

http://www.rareindianshares.info/2013/05/corruption-is-there-in-indian-corporate.html

------------------------------------------------------------------------------------


Disclosure :- Blog Writer holds in his name / family members shares of Nirma limited 

July 02, 2013

Nirma Compulsory Buy Back- Shareholders to Oppose Tooth And Nail

Shareholders of Nirma Limited are determined to oppose vehemently Nirma Limited 's anti small shareholder move to compulsorily buy back non promoters shares @ Rs. 225 ( Rs 5 Paid ).

Earlier Delisting Price was Rs. 260 . Now , Kicking Out Rate is Rs. 225 . 

Are the Promoters willing to Sell Out their Holding at Rs. 225 ?

AGM at Ahmedabad on 23/07/13 , 11 AM

Shareholders are writing their opposition by sending letters , Regd Post , to the Compliance Officer. Later , legal action ( like with Cadbury India and Shakti   Metdor would be undertaken )

------------------------------------------------------------------


Delisted

wef :28-03-2012

Exit Offer : Rs. 260 ( for Rs. 5 Paid Up Share )

Exit Window Closed on 03-10-2012

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

http://www.rareindianshares.info/2013/05/corruption-is-there-in-indian-corporate.html

------------------------------------------------------------------------------------

uly 06, 2013

Nirma Compulsory Acquisition of Non Promoters Details

Total Number of Non Promoter Shares  : 7439704 shares - Rs. 5 Paid  ( 4 :68 % )

No. of Non Promoter :Shareholders :41,619 

Reason given in EGM Notice ( for 23/ 07 / 13 -11 AM , Ahmedabad ) as to why Promoters ' shares are excluded from compulsory capital reduction is that these Share holders have given their consent to RETAIN their shares ( Page 3 - Explanatory Statement  , Second Last Para ).

So , the legal position may be that all those shareholders ( Promoter or Non Promoter ) who give their consent to retain their shares would be excluded from this compulsory acquisition / cancellation of shares . 

=============================================================

NB: Send this letter , also , in hard copy by Regd. Post / Speed Post

Nirma Limited - Compulsory Buy Back- Letter to Compliance Officer

From :-                                                                       Dated:- 04-07-2013

To ,

The Compliance Officer ,

Nirma Limited,

Nirma House, Ashram Road,

Ahmedabad - 380009

Dear Sir ,

With due respect , we state as under :-

1 ) We hold shares of your Company under L/f : ( A/c - ).

 2 ) The move to compulsory acquire shares selectively from the remaining share holders @ Rs. 225 Per Share is unrealistic and  unacceptable to us .

3) The compulsory buy-back rate of Rs.225/- is grossly unfair to the remaining public share holders as the rate at the time of Delisting was Rs. 260. Instead of increasing the Rate , it has been decreased

3 ) In case our name ( , L/ f  ) figures in your list of shares for Compulsory Cancellation , then  , please remove it - from the list ,under intimation to us (  by Registered post / Speed Post ).

4 ) We request you to withdraw this anti Non - Promoter move in its entirety .

5 ) PIease, also dispatch a certified copy of the valuation report.

6) In case, the Company persists , then we would be left with no other remedy but to challenge the same in appropriate Court of Laws  , including the Hon'ble High Court of Gujarat and the Hon'ble National Company Law Tribunal.

( Please study the rulings given in the case of compulsory and selective  cancellation of shares by Cadbury India Limited )

As we are CAVEATORS , please do keep us updated of all the legal moves by the Company in this regard.

Regards

Share Holder

email ;-

--------------------------------------------------------------------------------

Email address of Nirma :-

info@nirma.co.

---------------------------------------------------------------------------------------------

Nirma EGM- Shareholders Force Voting - Ballot Results Tomorrow

We have received Reports ( which please RECHECK independently - no responsibility with us ) that :-

EGM- 23-07-13  - for compulsory acquisition of Non Promoter shares was stormy.

Shareholders  asked for

1 ) Cancellation of this anti shareholder move.


2 ) challenged the Valuation Report

3 ) Decided to oppose the Move in the  Hon'ble High Court of Gujarat ( on the lines of Cadbury India and Shakti Metdor cases)

Ultimately , voting was held ( ballot system )


Results are expected to be declared tomorrow.

-------------------------------------

http://economictimes.indiatimes.com/personal-finance/savings-centre/analysis/small-equity-investor-how-to-safeguard-your-interests/articleshow/21742266.cms?curpg=3

BLOG DISCLAIMER : PLEASE RECHECK ALL INFORMATION. NO RESPONSIBILITY WITH BLOG

------------------------------------------------------

Disclosure :- Blog Writer holds in his name / family members shares of Nirma limited 

May 29, 2013

Corruption is Also in Indian Corporate Sector

Please read this Firstpost article :-

http://www.firstpost.com/business/not-only-netas-and-babus-pvt-sector-is-new-fountain-head-of-corruption-821165.html#disqus_thread

For UN Report , please click ( Page No. 15 )

http://www.unodc.org/documents/southasia//publications/research-studies/CI_Report.pdf  ---------------------------------------------------------------------------------------------------------------

BLOG

Asset Laden Investment Companies- Promoters Uninterested in True Value Unlocking

Promoters initially  invite public investment by selling shares in their holding companies . These holding companies promote new companies  Over a period of time their promoted  ventures succeed and the original investment made by the holding company multiplies many times over in value . Now instead of genuinely sharing the wealth with all the stakeholders non promoter minority share holders of original holding companies are treated as UNWANTED , like sort of poor relatives at a rich cousin's marriage party.

1 ) Majority stake in these Holding companies is always with the Promoters. So they are able to get all Resolutions passed . There are no Institutional holdings ( domestic or Foreign ). So  level of transparency in these companies is not at the same level as widely held companies.It suits the promoters to keep these companies in low profile and keep its true worth hidden.. Non promoter share holders suffer.

2 ) Over a period of time many share holders ' folios become dormant due to death of original shareholders and court cases .

3 ) In many pre 1947 incorporated companies many share holders migrated to Pakistan . Such folios ( Custodian of Enemy properties ) also are dormant . 

4 ) Either these companies are  not listed or these are kept only NOTIONALLY listed in Regional Stock Exchanges. Such listings are of not much use to the non promoter  share holders.

5  ) Despite massive EPS these investment companies either skip dividends or declare  woefully low dividends. Such moves keep the company in low profile and the share rate ( if any ) artificially low. Such practices hurt non promoter share holders' interests .

6 ) Despite bulging Reserves Bonus Shares or Splits are not done.  (Very surprisingly , Binani Metals Limited has done a Reverse Split to unprecedented Rs. 1000/-.

 7 ) Many such investment companies avoid sending Annual Reports to Non Promoter share holders.

8 ) Some such companies shift their Registered Offices to obscure places and hold meetings at venues which are difficult to reach. Many a time only  company officials ( with Proxies ) are in attendance  to see the proceedings through.

Investors ( non promoter ) of such investment companies should demand from the Government and SEBI to devise special Rules and Regulations for these companies

1 ) Such investment holding companies should compulsorily be listed in BSE / NSE. ( to improve liquidity ).

2 ) Face value should be split ( to improve liquidity )


 3 ) Meaningful quantum of dividends should be declared . ( Minimum 25 % of the Financial Year's EPS should be declared as Dividend  percentage ) 

Some Investment Holding Companies.

FARM ENTERPRISES LIMITED ( Reliance Enterprises Limited )

Mukesh Ambani Group ; Promoters' Shares in Reliance Industries Limited ; Not Listed , Massive EPS - No Dividend . AGM not in auditorium  ; Very few non company share holders attend AGM .Conversion of Equity Shares   to Preference shares) etc etc. Rate in unofficial market around Rs, 600 ( True Value may be in  thousands  ) .

There should be listing in the NSE .

http://www.rareindianshares.info/2009/12/farm-enterprises-limited.html

PNB FINANCE AND INDUSTRIES LIMITED
BHARAT NIDHI LIMITED
CAMAC COMMERCIAL

Belong to Samir Jain of Bennett Coleman And Company ( Times of India Group ). These companies hold promoters ' shares in Bennett Coleman And Company Limited .

Example : PNB Finance And Industries Limited ( Equity Rs. around 3 cr , Face value Rs. 10 ) holds , on consolidated basis , around 58 lakh shares of Bennett Coleman And Company Limited . This effectively translates into around 2 shares of Bennett Coleman And Company Limited for every one share of PNB Finance And Industries Ltd. Value of one share of Bennett Coleman And Co. has been worked out by some analysts to be around Rs. One Lakh ( please calculate independently ).

But share of PNB Finance And Industries Limited ( Face Value Rs. 10 ) is being traded unofficially Rs. 4500 - Rs.5000 which is a mere fraction of its true value. Although the EPS for the financial year ended was around Rs. 79  /- ,  dividend paid was only 6 % (  a return of 60 paise on an investment of nearly Rs. 5000 ).
( In the unofficial trades ,share price of Bharat Nidhi is around  25 % higher than that of PNB Finance And Industries Limited .Rate of Camac Commercial could be higher than Bharat Nidhi Limited )( There are , presently ,only buyers of PNB Finance and Bharat Nidhi shares and practically no seller ) 

No official trading in CSE .
DSE is closed.

There should be listing in NSE.

Shares should be split in to Re. 1 each .

 http://www.rareindianshares.info/2009/06/pnb-finance-industries-limited.html

http://www.rareindianshares.info/2010/09/bennett-coleman-and-company-limited.html



NBI INDUSTRIAL FINANCE LIMITED

BG Bangur group's holding company. Holds promoters shares in Shree Cement Limited ( reportedly around 8 : 5 Lakh ). No trading of NBI Industrial  ,: No dividend . Many complaints of non receipt of Annual Reports.

http://www.rareindianshares.info/2009/06/nbi-industrial-finance-limited.html

BINANI METALS LIMITED

Holding company of Braj Binani group Holding very valuable shares of Binani Industries Limited and Binani Zinc Limited . 3 : 1 Rights Issue made for a Real Estate project which was later dropped . Promoters increase their holding.  Some times increasing share capital ( Rights Issue ). Some times decreasing Share Capital  ( Share buy backs ).

FACE VALUE INCREASED TO UNPRECEDENTED Rs. 1000 ( No other Listed company in India has a Face Value of Rs. 1000 ). Many share holders became holders of fractional shares . Their ( including many dormant folios  ) shares compulsorily sold   at fraction of the true value. Share value should have been split to Re. One.Now , valuable holdings being transferred to a private limited company i.e. Dharmik Commondeal Private Limited not at true value but at book value .

http://www.rareindianshares.info/2012/09/rate-89-paise-per-share-transfer-of-48.html

http://www.rareindianshares.info/2009/06/binani-metals-limited.html
http://www.rareindianshares.info/2011/01/binani-metals-limited-why-face-value.html
http://www.sebi.gov.in/dp/binani.pdf
 http://www.rareindianshares.info/2012/09/treat-non-promoter-monority-share.html


OSCAR INVESTMENTS LIMITED

Of  Religare / Fortis group. Made a fortune by selling Ranbaxy shares. Although listed in BSE ( actively traded ) but no dividend

http://www.rareindianshares.info/2010/09/oscar-investments-limited.html

BHARTI TELECOM LIMITED

On a capital base of around Rs. 21 crore , Bharti Telecom holds around 172 crore shares of Bharti Airtel ( worth around Rs. 53 ,000 crore ). For the financial year 2009 -10 , Bharti Telecom received dividend income of Rs.173 crore which was utilised to buy a further 55 lakh shares of Bharti Airtel . But no Dividend for the share holders of Bharti Telecom Limited

http://www.rareindianshares.info/2011/02/bharti-telecom-limited.html

Others  

NALWA SONS INVESTMENT

http://www.rareindianshares.info/2010/12/nalwa-sons-investments-limited-jindal.html 

CHEMINVEST LIMITED
http://www.rareindianshares.info/2011/09/cheminvest-limited-annual-report-2010.html 
http://www.rareindianshares.info/2011/07/cheminvest-limited.html 

WILLIAMSON FINANCIAL


SIL INVESTMENTS LIMITED ( SUTLEJ COTTON MILLS )

http://www.rareindianshares.info/search?q=sil 
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http://www.suchetadalal.com/?id=175202d7-a5ce-be2f-492fe1477460&base=sub_sections_content&f&t=Essar%27s+Delisted+Saga

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

On the other hand  there are some progressive and pro- investor investment companies ( whose example all investment companies should follow ).

 

Like 

Bajaj Holding And Investment Limited
Tata Investment Corporation Limited

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HUM MEHNAT KASH ISS DUNIYA SE
JAB APNA HISSA MANGEY GEY
IK BAGH NAHI; IKK KHET NAHIN
HUM SAARI DUNIYA MANGEY GEY
( Josh Malihabadi )
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General Warning : Investment in Shares Can be Injurious to Your Wealth

Disclosure : We have  family holdings in many of the Companies mentioned above

Disclaimer : All comments / facts stated purely in good faith to further the interests of fellow public investors. Please recheck every fact.
NO responsibility with this blog / writer

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

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http://economictimes.indiatimes.com/personal-finance/savings-centre/analysis/small-equity-investor-how-to-safeguard-your-interests/articleshow/21742266.cms?curpg=3

Cadbury India Limited

We salute all those share holders of Cadbury India who are steadfastly giving their time and money in pursuing the High Court case against compulsory acquisition of shares from remaining minority share holders.

There are around 8,159 remaining non promoter shareholders who together own 2.42% stake in Cadbury India. 

We strongly feel that Government of India and SEBI should amend the laws so that Companies using their " brute majority " are not able to " compulsorily " buy out minority shareholders at what they perceive to be the " fair value " . Delisting may be OK . But a High Court Order for selective share reduction ( of Non Promoter Share holders ) is a different matter altogether.

 1 ) If a company wishes to buy back compulsorily then in the voting procedure the majority holder ( promoter ) should be debarred from voting . Only the small share holders should have the Right to vote on that particular Resolution .

2 ) As in the case of land acquisition , the Company should state valid reasons for acquisition of remaining shares ( In Cadbury 's case the remaining 2 odd  % share holders can , frankly , in no way alter  the Company 's policies.)  Only a few more Annual Reports are to be despatched and a few more chairs at the AGM .  ( Cadbury India Limited 's shares were delisted w.e.f  20-01-2003 )

3 ) There should be a soletium  ( a premium over and above the fair value to compensate for compulsory buy out ) of 50 % 

If the Company feels that the rate it is offering is " FAIR " then it should , also , be willing to offer to sell its entire majority  holding at that rate . The minority share holders ( and other Indian share holders ) should have a Right of Pre emption at that " FAIR " rate. For example if Cadbury India Limited feels that Rs.2000 is a " fair rate " then Indian shareholders in general should be given an opportunity to form a SPV ( Special Purpose Vehicle ) Company which ( with suitable debt equity Leveraged Buy out ) and buy  at the same rate  the majority shares from the Promoters. A period of 6 months should be kept for giving this opportunity to Non Promoter Indian shareholders 

However , we  sincerely wish that Cadbury India Limited offers its remaining loyal share holders " Kuchh Meetha " and in New Year 's " Shubh Arambh " withdraws this move.
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Compulsory Back Back of Shares- Violates Fundamental Right to Equality

Regarding the move , earlier of Cadbury India Limited and , now , by Shakti Met-Dor Limited :-

Compulsory Buy Back of Shares ( selectively from minority Non promoter Share holders ) is violative  of Fundamental Right of Equality enshrined in the Constitution of India

Such a move creates two separate and unequal classes of Shareholders , i.e. Promoter Share Holders and Non Promoter Share Holders .

Please read this very informative Post :-

http://www.legalservicesindia.com/article/article/squeeze-out-of-minority-shareholders-1503-1.html

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For Shakti Met-Dor , please click :-

http://www.rareindianshares.info/2013/05/shakti-met-dor-compulsory-acquisition.html

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Nirma Compulsory Buy Back- Shareholders to Oppose Tooth And Nail

Shareholders of Nirma Limited are determined to oppose vehemently Nirma Limited 's anti small shareholder move to compulsorily buy back non promoters shares @ Rs. 225 ( Rs 5 Paid ).

AGM at Ahmedabad on 23/07/13 , 11 AM

Shareholders are writing their opposition by sending letters , Regd Post , to the Compliance Officer. Later , legal action ( like with Cadbury India and Shakti   Metdor would be undertaken )

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August 15, 2009

Macmillan Publishers India Limited

In a very surprising and complicated legal move Macmillan Publishers Limited has extinguished old Equity Shares and has given its shareholders 3 Options :-

1 ) Cash option of Rs. 69 per Share ( same rate as was offered 6 years ago !! ) 

2 )  Opt for Redeemable Preference Shares    ( RPS ).

3) Continue as Equity Shareholder of the Transferee Company  ( through Macmillan Equity Shares Trust ).( in terms of Clause 18 . 04 )
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Kindly note :-


1 ) The above Options are to be exercised within a period of 60 days from Record Date i.e. before 13 -04-2014

 2 )  The Default Option is No 1 Option i.e. cash offer of Rs.69 per Share

3 ) The Shareholder if he receives a Cheque for Cash Option can return the un encashed cheque with in 30 days and can opt for  other two options i.e. Preference Shares / Equity Shares.

3 ) RTA are Cameo Corporate Services Limited ,

      Chennai

Tel : 044 -28460390 to 28460395
email : investor@cameoindia.com

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Blog Comments : 

It seems the management is desperate to kick out its Equity shareholders at fraction of NAV of Company.

The net worth / prospects  seems to have improved greatly ( please recheck this point independently ) with the merger of wholly owned subsidiary , i.e.Frank Brothers And Company ( Publishers ) Limited with Macmillan Publishers ( India ) Limited  .

3 ) Regarding our holdings in Macmillan Publishers ( India ) Limited we have opted , on immediate basis , for the Equity Option.

4 ) No worry about Liquidity - Please Recheck independently  -( We have Rare Indian Shares site )

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http://www.suchetadalal.com/?id=175202d7-a5ce-be2f-492fe1477460&base=sub_sections_content&f&t=Essar%27s+Delisted+Saga

 http://www.business-standard.com/india/news/cadbury-raises-buyback-price/421719/

 http://www.moneycontrol.com/news/business/why-didn39t-you-give-fin-projections-to-ey-hc-asks-cadbury_562074.html

http://seekingalpha.com/news-article/1520805-cadbury-kraft-india-one-of-fastest-growing-operations-for-kraft-globally

http://rareindianshares.blogspot.com/2011/01/cadbury-quit-india.html

http://www.gauravblog.com/?p=1277

http://www.kraftfoodscompany.com/in/en/Brands/index.aspx

http://www.rareindianshares.info/2012/07/ecellent.html

http://altaisadvisors.com/blog/2012/07/08/cadbury-india/comment-page-1/#comment-1517

http://www.rareindianshares.info/2012/11/cadbury-india-or-mondelez-international.html

LINK

http://www.rareindianshares.info/2011/01/cadbury-india-limited.html

http://economictimes.indiatimes.com/personal-finance/savings-centre/analysis/small-equity-investor-how-to-safeguard-your-interests/articleshow/21742266.cms?curpg=3

March 22, 2013

Nirma Limited

Board of Directors

Dr. KK Patel - Chairman
Rakesh K Patel - Vice Chairman
Hiren K Patel - Managing Director
Kalpesh A Patel- Executive Director
Shrenikbhai K Lalbhai
Pankaj R Patel
Rajendra D Shah
Chinubhai R Shah
Kaushikbhai N Patel

Registered Office

Nirma House
Ashram Road
Ahmedabad 380 009

RTA

Sharepro Services ( India ) P Limited
Mumbai-72

Incorporated : Around 1981

Delisted

wef :28-03-2012

Exit Offer : Rs. 260 ( for Rs. 5 Paid Up Share )

Exit Window Closed on 03-10-2012

Current Promoter Holding : 94 : 82 %

Last Financial Year Extended to 30- 09-12 ( 18 months )

Financials ( 01-04-11 to 30- 10-12 ( 18 Months )

Consolidated                 Standalone

Sales Rs 8586 crore       Rs.6828 cr

Gross Profit ( EBIDTA )
Rs.1193 cr                      Rs.964 cr

Depreciation and Amortisation

Rs. 481 cr                        Rs.426 cr

Net Profit
Rs. 51 cr                         Net LOSS -Rs. 61Cr

Dividend : NIL

AGM on 25-03-13 at Ahmedabad

Balance Sheet ( as on 30-09-12 )

Equity Capital Rs. 115 crore 50 Lakh ( Face Value Rs. 5 Per Share )

Reserves : Rs.Rs. 2691 Cr

Long Term Borrowings : Rs.Rs.1399 Cr

Short Term Borrowings  Rs.Rs. 1203 Cr

For Directors'Report ( 2011-12 )

http://economictimes.indiatimes.com/nirma-ltd/directorsreport/companyid-10565.cms

Official Website

http://www.nirma.co.in/   

For History :-

http://www.kotaksecurities.com/stock-market-news/equity/5003/Nirma-Ltd.-company-history/12510004.00

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

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Nirma Compulsory Buy Back- Shareholders to Oppose Tooth And Nail

Shareholders of Nirma Limited are determined to oppose vehemently Nirma Limited 's anti small shareholder move to compulsorily buy back non promoters shares @ Rs. 225 ( Rs 5 Paid ).

AGM at Ahmedabad on 23/07/13 , 11 AM

Shareholders are writing their opposition by sending letters , Regd Post , to the Compliance Officer. Later , legal action ( like with Cadbury India and Shakti   Metdor would be undertaken )

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General Warning : Investment in Shares Can be Injurious to Your  WEALTH 

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

( NB : All information given in good faith. Please recheck all facts. No responsibility taken by this author / blog . )