Hira Ferro Alloys Does Not Need to Issue Fresh Capital , at Par , to Promoters . Then Why So ?

Hira Ferro Alloys is very cash rich. Please refer to Hira Ferro Alloys Annual Report 2021-2022

https://www.hiraferroalloys.com/links/120938_HFAL%20ANNUAL%20REPORT%20FY%202021-22.pdf

 Hira Ferro Alloys to Issue Convertible Preference Shares to Promoters ,on a Preferential Basis

 Rs 110 crore of  Cumulative Compulsory Convertible Preference shares to Godavari Power and Ispat Limited

EGM on 20/03/2023The big question is ;' Does Hira Ferro Alloys really need to issue fresh capital , that too it seems , at PAR

Please click the following links for the Share Issue Proposal /EGM Agenda

https://drive.google.com/file/d/1WHhiQfHavatxTlm7kC5SObkmGXzAL17s/view?usp=share_link 

https://drive.google.com/file/d/1WC6ijM0jJE4aSU27kNE5FiCuQtKaTQlp/view?usp=share_link

https://drive.google.com/file/d/104NUNIzIds8nnqnqUoYkfG_dynF0C3Yt/view?usp=share_link 

  Blog Comments

 It appears that some shares of Hira Ferro Alloys  are available for Sale / Purchase with Dealers of Rare Indian Shares.

-

 General Warning : Investment in Shares Can be Injurious to Your Wealth

Disclosure : We have  family holdings in  Hira Ferro Alloys, so please make suitable 'provisions ' for likely over optimism.

Disclaimer : All comments / facts stated purely in good faith to further the interests of fellow public investors. Please recheck every fact.
NO responsibility with this blog / writer