Ban All Face Value Consolidations to Higher Denominations

Aggrieved Shareholders should form a Whats App Group

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September 30, 2019

Simpson and Co. Consolidates Share to Rs.2500- Small Shareholders Feel Cheated

Simpson & co Ltd face value consolidation to Rs 2500.

We all should unite and fight

.

Dilip Surana

Strides Financial Services
"Arihant Plaza"
84-85,Wall Tax Road, Ist floor
Park Town, Above SBI
CHENNAI 600003
Phone No 044-25350312, 25350313
Fax No  044-42371148
Mobile 9840278351      95000 95121
dilipmsurana@gmail.com

PLEASE CLICK ON IMAGES- TO ENLARGE

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Whereas Split of the face value of one share to a Lower denomination should be allowed ,Consolidation to a Higher Denomination should be absolutely banned by SEBI.

Consolidation to a Higher Denomination was done by Binani Metals, Rasoi Limited , attempted by Digvijay Finlease ( later withdrawn under Public shareholders' pressure ) and , now, being attempted ( but opposed by shareholders ) of Macrofil Investments Ltd ( a Nusli Wadia Company ).

Macrofil InvestmentsLimited ( Nusli Wadia Promoters Holding Investment Company )

Macrofil Investments is an Investment Holding Company of Nusli Wadia group ( Bombay Dyeing, Britannia , Bombay Burmah , National Peroxide etc ).

Marofil Investments holds ( on a very small capital base of Rs.44 Lakh ) inter alia one third of National Peroxides' Equity.

In the last one year Market price of shares of National Peroxide has gone up from Rs. 600 to Rs.2000.

Macrofil Investments has , very cleverly , devised a plan to consolidate face value of one share from Rs. 10 to Rs. 5000.

All the Non Promoter shareholders would be evicted.

The rate set by so called is around Rs. 3400 per share. 

This has been worked out by Valuers appointed and paid by Macrofil Investments.

The realistic rate should be Rs. 10,000 + ( for Rs.10 share ).

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

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For More Please Click :-

http://www.rareindianshares.info/2019/09/simpson-and-co-consolidates-share-to.html

Simpson and Co. Consolidates Share to Rs.2500- Small Shareholders Feel Cheated

Simpson & co Ltd face value consolidation to Rs 2500.

We all should unite and fight

.

Dilip Surana

Strides Financial Services
"Arihant Plaza"
84-85,Wall Tax Road, Ist floor
Park Town, Above SBI
CHENNAI 600003
Phone No 044-25350312, 25350313
Fax No  044-42371148
Mobile 9840278351      95000 95121
dilipmsurana@gmail.com

PLEASE CLICK ON IMAGES- TO ENLARGE

=========================================================

BLOG OLD POST

February 21, 2018

INDEPENDENT VALUERS -Investors Get Shortchanged

There is nothing like " INDEPENDENT " valuers.

They are appointed by the Promoters and are paid by them and they do the their bidding.

Independent Valuers are mere " Agents " of Promoters.


Please read this statement regarding Binani Cement valuation by Binani Industries which knows their true working and has inside information :-

Binani Cement Undervalued in NCLT Say Promoters

In a filing at the National Company Law Tribunal, Kolkata, Binani Industries has also said the resolution professional appointed for the company, Vijaykumar Iyer, and Deloitte, have vested interests in undervaluing the company so that they can give their “favourite bidder” the company.“It appears the valuation done by the resolution professional is absolutely wrong on account of valuers being misled by the RP, who has a personal interest in undervaluing the corporate debtor (Binani Cement),”

credit / for more please click

http://www.business-standard.com/article/companies/insolvency-binani-industries-questions-cement-arm-s-bidding-process-118022100002_1.html

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old post

Deliberate Undervaluation by Valuers is big and serious issue , also , affecting Public  investors in many cases of forcible acquisition of shares by Promoters.

February 14, 2018

Games Promoters Play ( on Minority Public Shareholders ).

Promoters use clever moves to forcibly eject Public shareholders when ever they feel like i.e. when the Company has excellent future prospects or when it suits the Promoters. 

1 ) Selective cancellation of Non Promoters shares.

2 ) Conversion of Equity shares in to Redeemable Preference Shares.

3 ) Consolidation of face value of one share to a Higher Denomination .


In all cases , valuers are appointed and Paid by the Company. Thus they are Promoters' Agents.

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If the Company feels that the rate it is offering is " FAIR " then it should , also , be willing to offer to sell its entire majority  holding at that rate .

 The minority share holders ( and other Indian share holders ) should have a Right of Pre emption at that " FAIR " rate. 

For example if FCI OEN Connectors Limited feels that Rs.767 is a " fair rate " then Indian shareholders in general should be given an opportunity to form a SPV ( Special Purpose Vehicle ) Company which ( with suitable debt equity Leveraged Buy out ) and buy  at the same rate  the majority shares from the Promoters. 

A period of 6 months should be kept for giving this opportunity to Non Promoter Indian shareholders

FCI OEN Connectors-Compulsory Buyback at Fraction Value

FCI OEN Connectors is the latest Company ( like Cadbury India ) to compulsorily eject loyal Non Promoter shareholders @ Rs.767 /- per share. 

Real Valuation is Rs. 4000 + /- per share .

This anti Public shareholder move needs to be vigorously opposed

-----------------------

We are grateful to Mr. PP Zibi Jose of 

Tenrose Capital Services Ltd, Cochin

Tel - 0484- 2401685 ; 2401684 ( m ) 09388603877    email : tenrosekochi@gmail.com

  for taking up the issue

=================



Please click below for the entire fact sheet letter brilliantly written by Mr. Jose.


https://drive.google.com/open?id=0BxTiSqO5KwdeLUNYeW1qRHdTNUVrdUhkRXM0YS1kUTE1T0JZ

for more , please click

http://www.rareindianshares.info/2018/02/fci-oen-connectors-compulsory-buyback.htm

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Ban All Face Value Consolidations to Higher Denominations

Whereas Split of the face value of one share to a Lower denomination should be allowed ,Consolidation to a Higher Denomination should be absolutely banned by SEBI.

Consolidation to a Higher Denomination was done by Binani Metals, Rasoi Limited , attempted by Digvijay Finlease ( later withdrawn under Public shareholders' pressure ) and , now, being attempted ( but opposed by shareholders ) of Macrofil Investments Ltd ( a Nusli Wadia Company ).

Macrofil InvestmentsLimited ( Nusli Wadia Promoters Holding Investment Company )

Macrofil Investments is an Investment Holding Company of Nusli Wadia group ( Bombay Dyeing, Britannia , Bombay Burmah , National Peroxide etc ).

Marofil Investments holds ( on a very small capital base of Rs.44 Lakh ) inter alia one third of National Peroxides' Equity.

In the last one year Market price of shares of National Peroxide has gone up from Rs. 600 to Rs.2000.

Macrofil Investments has , very cleverly , devised a plan to consolidate face value of one share from Rs. 10 to Rs. 5000.

All the Non Promoter shareholders would be evicted.

The rate set by so called is around Rs. 3400 per share. 

This has been worked out by Valuers appointed and paid by Macrofil Investments.

The realistic rate should be Rs. 10,000 + ( for Rs.10 share ).

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

also , please read

http://www.rareindianshares.info/2017/10/reed-relays-copy-of-nclt-share.html

==========================

Share Activism is a step in the Right Direction. There is , always , a threat of oppression by the Majority shareholders ( Promoters )on Minority ( Public ) shareholders.

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old posts

October 13, 2017

Minority Shareholders' Activism- Zindabad- Fight Against Oppression

please click


https://www.bloombergquint.com/business/2017/10/12/billionaires-taken-to-task-by-rise-of-india-s-minority-investors



=======================

Blog's old posts

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

==================================

old posts

December 08, 2010

Asset Laden Holding / Investment Companies- Promoters Uninterested in True Value Unlocking

Promoters initially  invite public investment by selling shares in their holding companies . These holding companies promote new companies  Over a period of time their promoted  ventures succeed and the original investment made by the holding company multiplies many times over in value .

 Now , instead of genuinely sharing the wealth with all the stakeholders  , non promoter minority share holders of original holding companies are  treated by Promoters  as UNWANTED , like poor relatives at a rich cousin's marriage party.

for more , please click

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

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September 05, 2017

Justice Demanded by Small Investors From Asset Laden Investment Holding Companies - ET Link

please click the link

http://economictimes.indiatimes.com/markets/stocks/news/small-investors-look-to-raise-concerns-about-undervalued-holding-companies/articleshow/60370946.cms

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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 )

Saadda Haq , Ethey Rakh

.

Anugraha Valve Casting- 2018-19-Annual Report

Please click :-

http://www.anugrahavalvecastings.com/wp-content/uploads/2019/08/Annual-Report-for-the-FY-2018-19.pdf

It appears some shares of Anugraha Valves are available with Dealers of Unlisted / Delisted Shares  (Please Recheck this ).

Hero Fincorp Annual Report 2018-19

Please click :-

https://www.herofincorp.com/sites/default/files/2018-2019-doc_file.pdf

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It appears some shares of Hero Fincorp are available with Dealers of Unlisted / Delisted Shares  (Please Recheck this ).

Shipping Shares May Gain

Tanker Freight Rates have gone up significantly in a day following US sanctions on the big Chinese tanker company Cosco.

Please click :-

https://www.reuters.com/article/us-iran-nuclear-usa-cosco-energy/global-oil-freight-rates-rocket-as-u-s-sanctions-tanker-units-of-chinese-giant-cosco-idUSKBN1WC07F

Great Eastern Shipping Co owns around 30 Tankers

https://www.greatship.com/business.html#fleet


 

===============
Important : Please do not take Any Investment Decision based on the above stated analysis. Please only do a further Self Study.

--------------

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

( PS : All information given in good faith. Please recheck all facts etc. No responsibility with this author / blog. )

Midcap Shares For Investment-Moneycontrol Link

Please click :-

https://www.moneycontrol.com/news/business/markets/time-to-buy-midcaps-brokerages-say-these-20-stocks-can-return-13-77-4475881.html

Our Banks Are Safe - ET Link

Please click :-

https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-rebuts-social-media-rumours-on-closure-of-9-banks/articleshow/71294097.cms

Delhi Safe Deposit -Annual Report 2018-19

Please click :-

https://www.msei.in/SX-Content/Listing/Annual-Reports/2019/DELHISAFE-2019.pdf

Delhi Safe Deposit recently issued Bonus shares in the ratio of 11 shares for everyone held.

=============

  Delhi Safe Deposit is listed in Metropolitan Stock Exchange in which Exchange there is no Equity trading.

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It seems , that  some shares of Delhi Safe Deposit are available for Sale/ Purchase with Share Dealers of Unlisted Companies.Rare Indian Shares.

26 th / 27 th Sept. Bank Strike Called Off (Please Recheck This )

Please click :-

https://www.business-standard.com/article/economy-policy/trade-unions-of-public-sector-banks-call-off-two-day-nationwide-strike-119092400040_1.html

26 th / 27 th Sept 2019- Bank Strike ??

Please click :-

https://www.moneycontrol.com/news/business/atms-likely-to-run-dry-banks-to-remain-open-only-for-3-days-this-week-4465401.html

Cremica Agro Foods-2018-19-Annual Report

Please click :-

https://www.msei.in/SX-Content/Listing/Annual-Reports/2019/CREMICA-2019.pdf

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Shares of Cremica Agro Foods are listed in Metropolitan Stock Exchange in which Exchange there is no Equity trading

It seems , that  some shares of Cremica Agro  are available for Sale/ Purchase with Share Dealers of Unlisted Companies.Rare Indian Shares.

=OLD POST

 

April 02, 2019

Calcutta and Metropolitan Exchanges- Must Have Equity Trading

Many of the so called "Unlisted Shares " like Mohan Meakin , Bharat Nidhi , Dalmia Refractories etc are actually Listed in Calcutta Stock Exchange or in Metropolitan Stock Exchange  .

There is , at present , no Equity trading in these Exchanges.

SEBI must ensure that either there is Equity trading in these Exchanges or they are wound up as happened in the case of numerous Regional Stock Exchanges ( like DSE , ASE , LSE etc.)

Investors of shares exclusively listed in  Calcutta Stock Exchange or in Metropolitan Stock Exchange suffer because they get around one third rate ( than had these been listed in BSE / NSE ) in the Unlisted Market. 

If  Calcutta Stock Exchange and Metropolitan Stock Exchange  shares get Relisted in BSE / NSE or Calcutta Stock Exchange and Metropolitan Stock Exchange  start equity trading then existing such  investors would earn a big appreciation in these share values.
--------------------------
.  

OLD POSTS

SEBI Should Take Action on Metropolitan Non Trading in Equities

SEBI should either make equity trading work at Metropolitan Stock Exchange work or else SEBI should automatically shift to NSE / BSE the 200 Exclusively Listed shares in Metropolitan Stock Exchange .

 At present , investors of such shares are suffering for no fault of theirs.

Firstly ,Dealers of Unlisted shares are giving them 1 / 3 rd of the rates had these shares been listed .

 Secondly , such Investors cannot claim Long Term Capital gains Exemption in the absence of  proper Contract Notes ( showing that STT has been paid ) .

----------------------------------------------------

Blog Caution : Please Recheck All Information

Please do a further Self Study .


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June 22, 2018

Metropolitan Claims Equity Trading Takes Place

Investors please send us your Feed Back regarding the status of Equity Trading in Metropolitan Stock Exchange

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Metropolitan ' Claim :-

.

 Sir,

This is with reference to your complaint registered on SCORES Ref No: SEBIP/MH18/0002938/1 dated June 08, 2018, received by the Exchange on June 21, 2018 we state as below:

This is with reference to the your complaint letter dated June 08, 2018 falsely alleging that Metropolitan Stock Exchange of India (hereinafter to be referred as MSE) does not allow trading in equities at its platform.

We state that the exchange has facilitated trading in the scrips mentioned in your complaint. The absence / quantum of  trading in a scrip is dependent on demand and supply in the market for the particular scrip.

Further, we state that the Exchange provides for listing of scrips of corporates on satisfying certain criteria and facilitates a trading platform on which such scrips may be traded.  Investors and traders buy / sell such scrips through their brokers who are trading members of the exchange. On any day, some scrips are traded and others are not. The exchange ensures that such trading is conducted in an orderly manner and in accordance with SEBI regulations / guidelines.

Also, to note that investor grievance department can handle complaints as per guidelines specified by SEBI. As per the FAQ updated by SEBI Section I question 2: your query cannot be considered as complaint in SCORES. The link is mentioned for your ready reference. https://scores.gov.in/scores/Docs/FAQ-SCORES.pdf

Therefore, after verification of the grievances raised we state that since the query, is outside the jurisdiction of nature of complaints to be handled by the Exchange. 

Hence, the complaint/ query is considered as addressed and the complaint is closed in our records.

MSE

=================

Our Reply

Please do not close our Complaint.

We maintain that there is no Equity trading in MSE and , hence , in the interests of Public and Investors SEBI should not renew MSE 's licence wef 1509/2018.

We would be taking up the matter with the Ministry of Finance , North Block , New Delhi.

Regards ,

=========================================================

Blog Comments 

Please , also , read :-

http://www.rareindianshares.info/2017/07/metropolitan-stock-exchange-share-price.html

==============================

.

Calcutta Stock Exchange List of Companies

http://www.cse-india.com/tv/scripsearch.php

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Is Calcutta Stock Exchange officially closed or not ?

http://www.business-standard.com/article/markets/hc-backs-forced-exit-of-calcutta-stock-exchange-116041300870_1.html

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SEBI Should Declare Calcutta Stock Exchange as CLOSED , to help Investors.

.Shares which are Exclusively Listed Companies ( ELC s ) in Closed Regional Stock Exchanges have to either Relist ( in BSE/NSE ) or Delist ( by making an Buy Back Offer to Non Public Shareholders ).

Important companies like Bharat Nidhi, PNB Finance are avoiding SEBI directive for Relisting / Exit option by taking a frivolous plea that their shares are listed at Calcutta Stock Exchange.

==================

It appears ( Please Recheck ) that some shares of Calcutta Stock Exchange are available for Sale / Purchase with Share Dealers of Unlisted shares.

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.Hon'ble Delhi High Court has granted relief to the Investors of Companies Exclusively Listed in Calcutta Stock Exchange , by ordering that such companies , are covered by SEBI 's Directions of 2016 . Investors deserve an Exit route as available to Investors of Defunct Regional Stock Exchanges.

Similar to Calcutta Stock Exchange , Metropolitan Stock seems to be ( please Recheck this ) Non Operational in Equity Trading. 

Metropolitan Stock Exchange has more 200 Exclusively Listed Companies ( including small cap gems like Frick India, Dalmia Refractories ( of Dalmia Bharat group. )

Investors of Companies Exclusively listed in Metropolitan Stock Exchange as suffering just like investors of Companies exclusively listed in Non Operational Calcutta Stock Exchange

Should Metropolitan Stock Exchange be, legally , got  declared a Defunct Stock Exchange and Petition be made to the Hon'ble Delhi High Court to include around  200 Exclusively Listed Companies in Non Operational Metropolitan Stock Exchange  along with around 63 exclusively Listed Companies of Non Operational Calcutta Stock Exchange, in the interests of Non Promoter / Public shareholders of these companies ?

For more on Metropolitan Stock Exchange , please click :-

http://www.rareindianshares.info/2017/07/metropolitan-stock-exchange-share-price.html

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Copy of Hon'ble Delhi High Court Order.

Please click the following link :-

http://www.rareindianshares.info/search?q=calcutta+stock
======================================

.January 25, 2018

Mohan Meakin Shareholders Demand BSE / NSE Listing

Presently , Mohan Meakin share is Exclusively Listed in Calcutta Stock Exchange. Share is Rs 5 paid .

There is no share trading taking place in Calcutta Stock Exchange for the last many years . This is causing great difficulty to share holders of Exclusively  Listed Companies like Mohan Meakin. 

Further , Central Govt. is losing Revenue by way of lost GST and STT.

------------------------

Please , also , read

Digvijay Finlease Shareholders Demand Listing in BSE / NSE

Shareholders of Digvijay Finlease are demanding Listing in NSE / BSE and are taking up the issue with the Management and SEBI or payment of a fair price for their shares.

It appears shares of Digvijay Finlease were never Listed

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