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
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
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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:
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:
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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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For the financial year 2014-15 , Dividend @ Rs. 15 per share ( Rs.10 paid up )
32 nd AGM held on 29/09/15
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http://www.rareindianshares.info/2009/06/macrofil-investments-limited.html
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Caution :The blog writer has personal/ family members' holdings in this company ,so please make suitable "provisions " for likely over optimism
General Warning : Investment in shares can be injurious to your WEALTH.
( NB : Please recheck facts. No responsibility with the author / blog )
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