Polson's issue is not fully subscribed by public shareholders and the Board of Directors of the Company in their meeting held on June 01, 2016 has decided to withdraw Letter of Offer dated March 25, 2016 filed on March 31, 2016 with the SEBI.
Read more at:
http://www.moneycontrol.com/news/announcements/polson-outcomeboard-meeting_6792041.html?utm_source=ref_article
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Very Strange an Unusual Development
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http://www.rareindianshares.info/2016/05/polson-rights-some-strange-points.html
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Very surprising that Rights Issue has been cancelled. Reason stated is that little response from Public share holders . Whereas around only 15 % shares are with the Public.
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 before taking any investment decision.
. No responsibility taken by this author / blog . )
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For More on Polson India :-
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Polson India 's ( 2015-16 ) Profits Zoom
Share Capital : Rs. 60 Lakh ( Total 1 Lakh 20,000 Shares )
Share Paid Up Rs. 50
2015 -- 16 Net Profit Rs. 25 cr 20 Lakh
Source of Information
So , 2015 -16 EPS is Rs.2100
Please note that there is an Exceptional Income in 2015-16 of Rs. 14 cr 84 lakh
( NB : All information given in good faith. Please recheck all facts before taking any investment decision.
. No responsibility taken by this author / blog . )
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