Digvijay Finlease- Consolidation-Date Extended to 30/09/19 ( PLEASE RECHECK )

new post

September 06, 2017

Digvijay Finlease Withdraws Share Consolidation -PLEASE RECHECK

We received information from investors of Digvijay Finlease that they phoned the Regd. office at Kolkata and were informed that the Company has dropped its proposal for consolidation of Rs. 10 paid up share to Rs.1000.

We phoned at the Tel No   033-22130957 and talked to KK Thakur.

He confirmed that the Company has applied to NCLT withdrawing its petition .

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Important Blog Disclaimers

1 ) Please RECHECK THIS independently.

2 ) Please do NOT take any Investment Decision based this information.

3 ) No Responsibility with this Blog / Blog Writer ----------------------

If the news is really correct , we congratulate share Investors for their activism.  

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old / original post

We have been receiving unconfirmed Reports ( WHICH PLEASE RECHECK ) that the last date for consolidation of 100 shares  Rs. 10 shares in to 1 share of Rs.1000 has been extended to 30/09/2017

We strongly recommend that all shareholders should form lots ( PER FOLIO ) of 100 shares of Rs. 10 each.

For fractions i.e. 1 to 99 shares of Rs. 10 each shareholders would get only Rs. 200 per share.

This is grossly unfair as the intrinsic value of one share of Rs. 10 has been worked out between Rs.30,000 to Rs. 40,000 per share.

Shareholders of Digvijay Finlease should oppose tooth and nail such anti small shareholder tactics.

including 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 Digvijay Finlease in NSE / BSE

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September 06, 2017

Investors Use Section 245 Against Digvijay Finlease 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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In case shareholders are not in a position to have lots of 100 / folio then they should sell their fractions ( 1 to 99 ) in the Delisted Market to Dealers ,where they can get around Rs 600 ( please recheck )

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Important : Please Recheck All Facts.

Please do not take any Investment Decision based on above analysis

  

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old posts

March 22, 2017

Digvijay Finlease- Consolidation of Shares-to Rs.1000

Digvijay Finlease ( Unlisted ) is consolidating the Face Value of its share from Rs. 10 paid to Rs.1000.

100 shares of Rs. 10 = One share of Rs. 1000

All those share holders with Fractions would be paid @ Rs.200 for Rs. 10 share

EGM Resolution. Click + To Enlarge
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This is a highly anti Non Promoter / Small Shareholder move which should be opposed by all Investors at every forum including Courts, SEBI, Investors Associations .

Digvijay Finlease is an Asset Laden Holding Company of Beni Gopal Bangur Group . It holds Promoters ' shares in Shree Cement , NBI Industrial Finance etc.


http://www.rareindianshares.info/2015/06/digvijay-finlease-limited-great-hidden.html

Please also click

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

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also ,please click

http://www.rareindianshares.info/2017/06/digvijay-finlease-investors-comments.html

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Shree Cement was originally promoted by Shree Digvijay Cement Co. Limited. 

In 1983, Beawar ( Rajasthan ) Cement Licence was originally given by the Govt. to Shree Digvijay Cement.

Bangurs transferred it to a new Company- Shree Cement ( Name Shree from Shree Digvijay )
.

Shares of Digvijay Finlease were given to shareholders of Shree Digvijay Co.after transferring Shri Digvijay's holding to it of Shree Cement shares.



Digvijay Finlease 's NAV has been calculated , by some to be above Rss.25,000 / Rs. 10 share ( PLEASE RECALCULATE INDEPENDENTLY/ No Responsibility  )


Digvijay Finlease 's fellow Holding Company NBI Industrial Finance has ,  recently , Relisted at NSE and its CMP is Rs.4500.

It is very sad that when Sheholders of Digvijay Finlease were demanding Listing in NSE / BSE , Promoters have chosen this cheap tactic to deprive small shareholders of their shares at a minuscule fraction of the True Worth ( NAV )
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Also , please click

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

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Consolidation of Face Value to a Higher Denomination SHOULD NOT BE ALLOWED UNDER ANY CIRCUMSTANCE.
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We sincerely hope that some one takes up the case of Digvijay Finlease compulsory consolidation @ Rs.200 for a Rs.10 paid up share , which some calculate ( Please Recheck this ) to have an intrinsic worth of around Rs. 40,000 per Rs. 10 share ( Please Recheck this )

Will the Promoters sell their shares to Investors at the same rate of Rs.200 per share ?

http://www.rareindianshares.info/2017/09/justice-demanded-by-small-investors.html

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This Cheap / Anti Small Holder Tactic was earlier used by

Binani Metals 

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

http://www.rareindianshares.info/2009/06/binani-metals-limited.html

Recently , by Rasoi

http://www.rareindianshares.info/search?q=rasoi

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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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Saadda Haq , Ethey Rakh

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Blog Caution : PLEASE RECHECK All Information Before Taking Any Investment Decision.