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June 20, 2017
Baggry India Shareholders- Retain Your Equity Shares
Baggry India is an Unlisted Company. It seems to be be doing very well..
Baggry India is holding Court (NCLT ) convened Meeting of Shareholders on 24/06/2017 at Baddi ( Himachal Pradesh ) for reorganization .
Most Important for shareholders is Resolution XI on Page 3
xi. Re-organisation of part Share Capital of Bagrrys India Ltd by cancelling the Equity Shares held by all non-promoter/outside shareholders and to issue 8% non-cumulative compulsorily redeemable Preference Shares of `10 each at a premium of `114 (one hundred fourteen) per share.
( Please copy paste this and Please Go Through the Entire Notice - Seems Investor Unfriendly and shgould be opposed in E Voting / Court Meeting )
file:///C:/Documents%20and%20Settings/admin/My%20Documents/Downloads/Notice%20Final%202017.PDF
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It is strongly Recommended that Shareholders retain their Equity shares by writing ( by Registered Post / Speed Post ) to the Company in this regard under this provision
Page 10
i v It is clarified that an outside/non-promoter shareholder is entitled to retain his/her/its equity shareholding in the Transferee Company by giving a notice of such intention to the Transferee Company any time up to the record date to be fixed for such purpose. In all the cases where the Transferee Company receives intimation from the non-promoter Shareholders to retain their equity shareholding in the Transferee Company, equity shares with respect to all such shareholders will not be cancelled and will not be replaced with 8% non-cumulative compulsorily redeemable Preference Shares
( Please copy paste this )
file:///C:/Documents%20and%20Settings/admin/My%20Documents/Downloads/Notice%20Final%202017.PDF
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Other Explanatory Statements
The following are some of the specific advantages of the proposed Re-organisation of Share Capital of the Transferee Company:
i. The Transferee Company has some outside/non-promoter shareholders. Since the Transferee Company is an un-listed company, there is no mechanism/platform available to these Shareholders to sell/dispose-off these shares, if they so wish.
ii. In order to provide an exit opportunity to all the outside/non-promoter shareholders, it is proposed to re-organise the share capital of the Transferee Company, on voluntary basis, by cancelling the Equity Shares held by all the outside/non-promoter shareholders; and to issue 8% non-cumulative compulsorily redeemable Preference Shares of `10 each at a premium of `114 (one hundred fourteen) per share.
iii. The proposed re-organisation will provide a permanent liquidity option for illiquid shares of the Company. It will help the non-promoter shareholders in realising the true potential of their investments in the Transferee Company which can be gainfully deployed elsewhere.
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Baggry India is holding Court (NCLT ) convened Meeting of Shareholders on 24/06/2017 at Baddi ( Himachal Pradesh ) for reorganization .
Most Important for shareholders is Resolution XI on Page 3
xi. Re-organisation of part Share Capital of Bagrrys India Ltd by cancelling the Equity Shares held by all non-promoter/outside shareholders and to issue 8% non-cumulative compulsorily redeemable Preference Shares of `10 each at a premium of `114 (one hundred fourteen) per share.
( Please copy paste this and Please Go Through the Entire Notice - Seems Investor Unfriendly and shgould be opposed in E Voting / Court Meeting )
file:///C:/Documents%20and%20Settings/admin/My%20Documents/Downloads/Notice%20Final%202017.PDF
.
It is strongly Recommended that Shareholders retain their Equity shares by writing ( by Registered Post / Speed Post ) to the Company in this regard under this provision
Page 10
i v It is clarified that an outside/non-promoter shareholder is entitled to retain his/her/its equity shareholding in the Transferee Company by giving a notice of such intention to the Transferee Company any time up to the record date to be fixed for such purpose. In all the cases where the Transferee Company receives intimation from the non-promoter Shareholders to retain their equity shareholding in the Transferee Company, equity shares with respect to all such shareholders will not be cancelled and will not be replaced with 8% non-cumulative compulsorily redeemable Preference Shares
( Please copy paste this )
file:///C:/Documents%20and%20Settings/admin/My%20Documents/Downloads/Notice%20Final%202017.PDF
==============
Other Explanatory Statements
The following are some of the specific advantages of the proposed Re-organisation of Share Capital of the Transferee Company:
i. The Transferee Company has some outside/non-promoter shareholders. Since the Transferee Company is an un-listed company, there is no mechanism/platform available to these Shareholders to sell/dispose-off these shares, if they so wish.
ii. In order to provide an exit opportunity to all the outside/non-promoter shareholders, it is proposed to re-organise the share capital of the Transferee Company, on voluntary basis, by cancelling the Equity Shares held by all the outside/non-promoter shareholders; and to issue 8% non-cumulative compulsorily redeemable Preference Shares of `10 each at a premium of `114 (one hundred fourteen) per share.
iii. The proposed re-organisation will provide a permanent liquidity option for illiquid shares of the Company. It will help the non-promoter shareholders in realising the true potential of their investments in the Transferee Company which can be gainfully deployed elsewhere.
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old / original post
At what rate are its shares available.
old / original post
At what rate are its shares available.
Please Guide
Email akaj188@gmail.com or Write in Comments
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Response
tushar agarwal said...
I have also tried a lot for getting the shares but attempt failed
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Blog Reply
Thanks Tushar
But Bagrrys seems to be listed
ISIN :
http://www.moner.in/isin/
But Bagrrys seems to be listed
ISIN :
INE229F01016
http://www.moner.in/isin/
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Blog ;
Bagrrys seems to be doing very well. In Jalandhar's Metro Wholesale Store Bagrrys's products were stacked in large quantity and were selling.
Please , also ,Click :-
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Important : Please do not take any Investment Decision based on above observations
We do not yet own any share of Bagrrys India Limited
I have also tried a lot for getting the shares but attempt failed
ReplyDeletePlease read this :
ReplyDeletehttp://alphaideas.in/2017/06/19/screw-shareholders-bagrrys-edition/