Macrofil Invest- Share Consolidation to Rs.5000. To Kick Our Small Investors

new post

==October 08, 2017

Macrofil Investments - Fair Valuation Rs.10,000/- Demanded by Shareholders

Present day market value of Macrofil Investments major holdings

https://trendlyne.com/portfolio/superstar-shareholders/custom/?query=macrofil%20investments%20limited

For 2017 market value of major holdings of Macrofil Investments ,

please click

https://trendlyne.com/portfolio/superstar-shareholders/custom/Q3-2017/?query=macrofil%20investments%20limited

This works out to be Rs. 10,700 per share of Rs 10.

The Company wishes to compulsorily acquire shares from the Public / Non Promoter shareholders around Rs.3400 per share of Rs. 10. . 

Please study this notice 

file:///C:/Documents%20and%20Settings/admin/My%20Documents/Downloads/EGM%20NoticeMacrofil%20(2).pdf .

f.

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Public shareholders want a price of Rs. 10,000 ( for Rs. 10 paid up share ) as the market value of shares National Peroxide ( one third equity is with Macrofil Investments ) more than tripled in the last one year.

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old / original post

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

please send emails

for email address , please click

http://nclt.gov.in/contact_us.html

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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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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old post

March 29, 2017

Wadias- Macrofil Investments- National Peroxide

Nusli Wadia , Promoter of Bombay Dyeing / Britannia Group is further increasing his stake in National Peroxide Limited by buying out fellow Promoter , MNC Solvay's 25% stake.

http://economictimes.indiatimes.com/industry/indl-goods/svs/chem-/-fertilisers/wadias-to-buy-out-solvays-25-stake-in-national-peroxide/articleshow/57881881.cms

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Macrofil Investments Limited is an Investment holding company of Wadias .Macrofil Investments holds shares of National Peroxide , Bomcay Dyeing etc.Macrofil Investments has Non Promoter / Public Shareholders. Macrofil is Unlisted.

Macrofil Investors are demanding Value Unlocking/ Fair Returns

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new post

October 04, 2017

Macrofil Case Latest- Govt Must Ban All Share Consolidations to Higher Denominations

Consolidation of Face Value to a Higher Denomination SHOULD NOT BE ALLOWED UNDER ANY CIRCUMSTANCE.

March 22, 2017

Share Face Value Consolidation to Higher Value should be Banned

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 Limited

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

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Now , by Digvijay Finlease ( Unlisted )

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Latest Case : Macrofil Investments Limited ( Unlisted )

Macrofil Investments is Asset Laden on a Small Share Capital of Rs. 44 Lakh .

Macrofil Investments holds , inter alia , around 33 % of Blue Chip Nusli Wadia Group Company- National Peroxide Ltd.

Share Value of National Peroxide has Tripled in the last One Year

.

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Copy of Letter sent ( Speed Post ) to Macrofil Investments ( Tel 022-2207-0700 ) 

Dear Sirs ,

   Sub : Consolidation of Face Value to Rs. 5000 - Our Objection

1 ) We are shareholders , for the past many years , of Macrofil Investments.

2 ) From the 34 th Annual Report ( which was despatched very late by you ) received by Courier on 03/10 / 2017 , we learnt  of a NCLT petition for consolidation of Face Value to Rs. 5000 from the current Rs. 10

3 ) This move is a clever ploy by the Promoters ( Wadias ) to Compulsorily  eject Non Promoter Public shareholders at a Throwaway Price   because there has been in the recent past a sharp upward movement in the Share rates of , inter alia ,National Peroxide and Bombay Dyeing , these being the sizable investment of Macrofil Investments ,

3 ) Split to a Lower Face Value is acceptable and Permissible but not to a higher Denomination , especially if the whole exercise is being conducted with the Hidden Agenda of throwing out Loyal Non Promoter shareholders at a fraction of the intrinsic ( NAV ) of the share of Macrofil Investments.

4 ) Further . the whole exercise is illegal and not Maintainable because :-

a) The AGM Notice for the 34 th AGM was received by us on 03/10/2017 ( Couriers- Professional Couriers -Receipt No. KUR- 514641444 ) .The AGM was held earlier on 28/09/2017. This is contrary to the provisions of The Companies Act 2013 which mandates receipt by shareholders 21 days prior to the Meeting.  

b ) No Notice of the alleged EGM dt.18/07/17 was ever received by us .

So , please withdraw this Consolidation exercise.

With regards ,

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old posts

September 1

4, 2016

Macrofil Investments - Shareholders Demand Fair Value Payment / Listing

In recent days , shares of Nusli Wadia / Bombay Dyeing group have jumped.

Shareholders of Promoters' Holding Company , Macrofil Industries Limited ( Unlisted ) are demanding Payment of Fair Value or Listing in BSE / NSE.

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OLD POST

June 18, 2009

Macrofil Investments Limited

Macrofil Investments Limited ( Registered Office : 9 , Wallace Street , Mumbai-1 ) is the promoters ' holding company of Nusli Wadia group ( i.e. Bombay Dyeing group ).

Macrofil Investments Ltd. was incorporated by Bombay Dyeing. The investments of Bombay Dyeing were transferred to this company. The shareholders of Bomaby Dyeing were offered subscription of shares of this company. Very few applied. Most of new shares were allotted to promoters of Bombay Dyeing.

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June 18, 2009

Macrofil Investments Limited

Macrofil Investments Limited ( Registered Office : 9 , Wallace Street , Mumbai-1 ) is the promoters ' holding company of Nusli Wadia group ( i.e. Bombay Dyeing group ).

Macrofil Investments Ltd. was incorporated by Bombay Dyeing. The investments of Bombay Dyeing were transferred to this company. The shareholders of Bomaby Dyeing were offered subscription of shares of this company. Very few applied. Most of new shares were allotted to promoters of Bombay Dyeing.

Macrofil Investments Limited holds , at cost price, a large holding of other group companies mainly National Peroxide Ltd. The market worth of the holdings is many times the book value .The company had offered Buy Backs and further reduced the share capital.

Financials : as on 31-03-2010

Share Capital : Rs.44 Lakh ( Face value per share Rs. 10 )
Reserves : Rs. 5 cr 5 lakh
Net Profit : Rs. 1 cr 83 lakh
Dividend : 120 %

Further , the market value of quoted  shares is Rs.52 cr.55 lakh against Book Value Rs. 5 cr 21 lakh

Thus the share has Tremendous Hidden Worth.

Status : Unlisted and Illiquid

This makes the share ideal for investment by Collector - Investor class

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Please , also , click :-

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

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Macrofil Investments ,Digvijay Finlease , NBI Industrial Finance and other Unlisted Promoters' Holding Companies should 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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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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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. No responsibility taken by this author / blog .