For Downloading the valuation Report , first click the link ;-
https://www.dalmiarefractories.com/otherdocument.html
then
click on + Scheme of Arrangement and Amalgamation
then
Download in PDF Valuation Report by clicking on ;-
Scheme of Amalgamation and Arrangement,
Page 13 , Annexure
--------------
Blog Credit to ;-
Mr. Vijay, Jalandhar , m 7009409142
himanshusoi478@gmail.com
----------------------------
Blog Comments ;-
1 .For 100 shares of Dalmia Refractories 768 shares of Dalmia Bharat Refractories , earlier named SDMM.
2 . Valuation of 1 share of Dalmia Bharat Refractories has been worked at Rs, 190 / 60 p.
3
. This is 2019 valuation parameters .Value of combined Entity may have
gone up may be also because of depreciation of Indian Rupee .
4.
Dalmia Bharat Refractories i.e. SDMM would be the ultimate
manufacturing Co. and would be Listed , also in BSE. There would be No
Step Down Company .
--------------------------------------------------------
5.
It appears that there is a very strong demand for Dalmia Refractories
shares in the current Unlisted Market . Dealers are phoning/sending
letters to Investors . There do not seem to be any sellers .
6
Share rates in the current Unlisted Market recently seems to have gone
up substantially on the positive news of No Step Down Subsidiary and
BSE Listing
Blog Caution
PLEASE RECHECK INDEPENDENTLY.
CAUTION- PLEASE DO NOT TAKE ANY INVESTMENT DECISION BASED ON THESE 2 POINTS .
PLEASE DO ONLY A FURTHER SELF STUDY
-----------------------------------
OLD POST
Dalmia Refractories Merger Fresh Date - NCLT Shareholders Meeting-03/06/2021- 10 AM
| Dalmia Refractories Limited
(DALMIAREF)
|
Broadcast Date And Time :
20/04/2021 09:44:05
|
|
Announcement
|
:
|
Intimation Of Meeting
|
|
Description
|
:
|
Dalmia Refractories Limited
has informed to the Exchange that the Intimation of the dates of the
Rescheduled NCLT Convened Meetings of Equity Shareholders held on June
03, 2021, Secured Creditors and Unsecured Creditors of the Company
meeting will be held on May 27, 2021
|
For More ,
First click ;-
https://www.msei.in/markets/equity/get-quotes/default?symbol=DALMIAREF&series=EQ
then click on
Intimation Of Meeting
20-Apr-2021
then for PDF download please click ;-
-----------------
Blog Credit
Mr. Vijay, Jalandhar , m 7009409142
Mr. Himanshu Soi
himanshusoi478@gmail.com
------------
OLD POST
Dalmia Refractories - Victory For Public Shareholders- Fresh Date to be Announced
Shareholders thank the Management for Revising the Terms of Merger
------------------------------------------
1 .
Please refer to Para 1 Page 1 of the Intimation letter dt. 05/04/2021
As demanded by Public shareholders , Dalmia Refractories have dropped the move to transfer the entire business of the merged manufacturing entity Dalmia Bharat Refractories Limited to its Subsidiary Company namely
Dalmia OCL Limited i.e. DOL.
THIS MEANS THAT THE MERGED ENTITY DALMIA BHARAT REFRACTORIES LTD WOULD NOT BECOME MERELY A HOLDING CO.
DALMIA BHARAT REFRACTORIES LTD WOULD BE THE FINAL MANUFACTURING CO.
SHARES OF DALMIA BHARAT REFRACTORIES LTD WOULD BE LISTED .
------------------
2 .
BSE Listing to be CONSIDERED
Please refer to Para 6 ;7 of Page no. 22 of the Revised Scheme attached with Intimation Letter dt . 05/04/2021
----------
Fresh Date of NCLT CONVENED Meeting to be Announced
Please refer to Last Para , Page 2 of Intimation Letter dt. 05/04/2021
---------------------------------
DOWN LOAD intimation letter / revised Scheme
First click ;-
https://www.msei.in/markets/equity/get-quotes/default?symbol=DALMIAREF&series=EQ
Then for PDF Download
Disclosure U/R 30 Of SEBI (LODR) Regulations 2015
06-Apr-2021
----------------
Congratulations to Shareholders
----------------------
Credit for information / Blog Gratitude to ;
Himanshu Soi
himanshusoi478@gmail.com
==================
OLD POST-
NOW RELEVANT ONLY FOR INFORMATIONAL PURPOSES
------------------------
Shareholders of Dalmia Refractories should vote in favour of the
merger as . it appears , this would lead to better market rate of their
shares .
BUT THEY SHOULD DEMAND FOLLOWING AMENDMENTS / CHANGES
1
They should demand that the Merged New Company Dalmia Bharat
Refractories Limited i.e. DBRL must be listed in NSE / BSE . The current
provision of listing of the Merged New Company in Metropolitan Stock
Exchange and Calcutta Stock Exchanges is meaningless as both
Metropolitan Stock Exchange and Calcutta Stock Exchanges do not have any
Equity Trading .
2 . As per the current / circulated Scheme the
merged operations of Dalmia Refractories and OCL Refractories would
first come under Dalmia Bharat Refractories Limited- DBRL and then there would be a
TRANSFER of the entire business to DBRL's Subsidiary Company namely
Dalmia OCL Limited i.e. DOL
----------------
IMPORTANT IMPLICATIONS
A. Thus Dalmia Bharat Refractories Limited i.e. DBRL would become ONLY a HOLDING company.
B .Current Shareholders of Dalmia Refractories are getting shares of Dalmia Bharat Refractories Limited i.e. DBRL
C- Only Dalmia Bharat Refractories Limited i.e. DBRL i.e. Holding Company 's shares would be listed
THERE SHOULD BE NO TRANSFER OF ANY BUSINESS TO DALMIA OCL LIMITED
THIS LAST PART OF THE TRANSFER SHOULD BE DROPPED FROM THE WHOLE SCHEME
--------
Making
the Listed Dalmia Bharat Refractories Limited i.e. DBRL only a HOLDING
COMPANY is not in the interest of Non Promoter Shareholders .
It may be suiting the Promoters
--------------
Steps to be taken by Dalmia Refractories shareholders;-
FIRST --PLEASE REGISTER YOURSELF WITH YOUR WITH YOUR OBJECTIONS BETWEEN 07/04/2021 - 9 AM TO 09/04/2021 - 5 PM
For full procedure
Page 6 ,Point 24 , Sub point 5 of PDF Notice
For PDF Notice first click ;-
https://www.msei.in/markets/equity/get-quotes/default?symbol=DALMIAREF&series=EQ
Type Dalmia Refractories Limited
then for Download please click ;-
Notice
15-Mar-2021
then
click on Notice of Meeting For Shareholders on page 2 ----
Page 6 ,Point 24 , Sub point 5 of PDF Notice
-------------
Video Court Meeting
20/04/2021 10M
E Voting from 12 /04 /21 - 9 AM TO 19/04/201 5 PM
PLEASE VOTE IN FAVOUR OF THE SCHEME
-----------------
For COMPLETE MERGER SCHEME PDF Notice first click ;-
https://www.msei.in/markets/equity/get-quotes/default?symbol=DALMIAREF&series=EQ
Type Dalmia Refractories Limited
then for Download please click ;-
Notice
15-Mar-2021
then
click on Notice of Meeting For Shareholders on page 2-----------------
OLD POST
.
Dalmia Refractories Merger Update
Dalmia
Refractories Limited informed to the Exchange regarding update with
respect to Scheme of Amalgamation and Arrangement amongst Dalmia
Refractories Limited and GSB Refractories India Private Limited and Sri
Dhandauthapani Mines and Minerals Limited and Ascension Commercio
Private Limited and their respective Shareholders and Creditors.
https://www.msei.in/ListingData/2020/DALMIAREF/AN/200103_DALMIAREF_AN_01.pdf
It appears some shares of Dalmia Refractories are available with Dealers of Rare Indian Shares (Please Recheck this ).
==================
OLD POST
Merger of Dalmia Refractories , Refractories Unit of Dalmia Cement Bharat
https://www.bseindia.com/xml-data/corpfiling/AttachLive/59009ab2-128e-443d-b03a-e214a060244b.pdf
Dalmia
Refractories Limited ("DRL") and Dalmia Cement (Bharat) Limited
("DCBL") , at their respective Board meetings held on 14th November
2019, have approved Schemes of Arrangement through which their
respective refractory businesses will be consolidated under a single
operating entity, which is proposed to be renamed as *Dalmia OCL Limited
(“DOL"). This entity (DOL) in turn would be held by a holding company,
which is proposed to be renamed as *Dalmia Bharat Refractories Limited
("DBRL").
DBRL
would initially be listed on Calcutta Stock Exchange and Metropolitan
Stock Exchange of India, the exchanges on which DRL is currently listed.
.Pursuant to the Scheme, DRL will be amalgamated with SDMM
768
(Seven Hundred and Sixty Eight) Equity Shares of the face value of INR
10/- each of SDMM, credited as fully paid-up, shall be issued and
allotted for every 100 (One Hundred) Equity Shares of the face value of
INR 10/- each held in DRL
SDMM
is an entity identified to carry out the refractory operations of the
Dalmia Cement (Bharat) Limited (‘DCBL’). Pursuant to a separate Scheme
of Arrangement between DCBL and SDMM and their respective shareholders
and creditors, the refractory business of DCBL will be transferred to
SDMM in the manner and on terms set out in that scheme (“Scheme 1”). The
Appointed Date for Scheme 1 is April 1, 2019.
For Complete Notification and Q2-2020 Results, please click :-
https://www.msei.in/ListingData/2019/DALMIAREF/AN/191114_DALMIAREF_AN_01.pdf
====================
NEW POST
Please refer to Page 3
https://www.msei.in/ListingData/2019/DALMIAREF/AN/191114_DALMIAREF_AN_01.pdf
Valuation of Dalmia Refractories put at Rs. 301 crore
Share Capital of Dalmia Refractories = Rs. 3 cr 15 lakh
So , Value per share = Rs.955 per share
Further , the merged new entity would have combined Refractories business of present Dalmia Refractories and Dalmia Cement Bharat Limited
As
Dalmia Cement Bharat Limited is currently listed in BSE / NSE it stands
to reason that shares of SDMM may, also , be listed in BSE / NSE as
SDMM , also , would have the demerged Refractory business of a listed
Company i.e.Dalmia Cement Bharat.
So
, by no stretch of imagination can a BSE / NSE listed Company / its
Unit , as in this case, be merged in company which would remain listed
only in Calcutta Stock Exchange and Metropolitan Stock Exchange ( both
are Inoperational Stock Exchanges ).
-----------------
Blog OBSERVATIONS ( PLEASE RECHECK / RECALCULATE INDEPENDENTLY ALSO
1 ) For Dalmia Refractories shareholders it appears to be a Bonus Issue
2
) There would be ultimate Listing in BSE / NSE of the amalgamated
Company. This would mean great Value unlocking for shareholders of
Dalmia Refractories. Bonanza for Dalmia Refractories shareholders ? (
PLEASE RECHECK / RECALCULATE INDEPENDENTLY ALSO )
CAUTION- PLEASE DO NOT TAKE ANY INVESTMENT DECISION BASED ON THE ABOVE STATED CONJECTURES .
PLEASE DO ONLY A FURTHER SELF STUDY
==========================
Blog Comments ( PLEASE RECHECK INDEPENDENTLY )
SDMM would be renamed Dalmia Bharat Refractories Limited ("DBRL"). - Holding Company
ACPL would be renamed as Dalmia OCL
Limited (“DOL").-with combined Refractory business of present Dalmia
Refractories and Dalmia Cement Bharat Limited
As
Dalmia Cement Bharat Limited is currently listed in BSE / NSE it stands
to reason that shares of SDMM may, also , be listed in BSE / NSE as
SDMM , also , would have the demerged Refractories business of listed
Dalmia Cement Bharat.
So
, by no stretch of imagination can a BSE / NSE listed Company / its
Unit , as in this case, be merged in company which would remain listed
only in Calcutta Stock Exchange and Metropolitan Stock Exchange ( both
are Inoperational Stock Exchanges ).
----------------
Blog OBSERVATIONS ( PLEASE RECHECK INDEPENDENTLY )
CAUTION- PLEASE DO NOT TAKE ANY INVESTMENT DECISION BASED ON THE FOLLOWING CONJECTURES . PLEASE DO ONLY A FURTHER SELF STUDY
1 ) For Dalmia Refractories shareholders it appears to be a Bonus Issue
2
) There would be ultimate Listing in BSE / NSE of the amalgamated
Company. This would mean great Value unlocking for shareholders of
Dalmia Refractories. Bonanza for Dalmia Refractories shareholders ? (
PLEASE RECHECK INDEPENDENTLY )
----------------
.
General Warning : Investment in Shares Can be Injurious to Your WEALTH
Disclosure
: The Blog writer in his / family names has holdings in this Company
So please make suitable " provisions " for any likely Over Optimism
NB
:All information given in good faith. Please recheck every point before
taking any investment decision. No responsibility with this Blog or
Blog Writer. 