Holding / Investment Companies - Shareholders' Demand Fair Value

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

Such Companies many a time they are Unlisted, examples Digvijay Finlease ,Macrofil Investments  NBI Industrial Finance , Bharti Telecom ,PNB Finance , Bharat Nidhi etc etc should , to ensure a fair return to Non Promoter / Public Shareholders  , follow the examples of


1 ) Max India Promoters are paying a fair price of Rs.94 for every share ( Re. 1 paid up ) of their Unlisted Holding Company - Cheminvest Limited.

http://www.rareindianshares.info/2016/06/unlisted-max-india-promoter-companies.html

2 ) Reliance Industries Promoters gave 1 share of Reliance Industries for every 1 share of their Unlisted Holding Company - Farm Enterprises Limited ( earlier  Reliance Enterprises ) 

http://www.rareindianshares.info/2015/12/farm-enterprises-shareholders-get-new.html

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Please , also , click :-

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

http://www.rareindianshares.info/2016/09/digvijay-finlease-shareholders-demand.html

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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 )