Auckland Jute Co, Kolkata-2023-2024- Annual Report

Please click ;-

http://ajcl.in/AUCKLAND%20JUTE_2024.pdf 

Official site 

http://ajcl.in/

 Blog Comments

 Some shares of Auckland Jute Co, are available for Sale / Purchase with Dealers of Rare Indian Shares

Calcutta Stock Exchange-2023-2024-Annual Report

 Please click ;-

https://www.cse-india.com/upload/upload/CSE_Balance_Sheet_23-24.pdf

 Face value of 1 share of Calcutta Stock Exchange is Re 1. PLEASE RECHECK THIS

Blog Comments

 Some shares of Calcutta Stock Exchange are available for Sale / Purchase with Dealers of Rare Indian Shares

SEBI launches chatbot “SEVA” for investors

 
In line with its mandate of investor protection, SEBI has launched SEBI’s Virtual
Assistant (SEVA) – an Artificial Intelligence (AI) based conversation platform for
investors. The Beta version of the chatbot includes features like citations for
generated response, speech-to-text and text-to-speech functionality for accessibility,
follow-up questions, etc.
The chatbot is presently enabled to answer questions relating to general information
on securities market, latest master circulars, grievance redressal process, etc. Based
on the feedback received from the users, additional areas will be added to the chatbot.

The beta version of the chatbot is available on SEBI’s investor website
(https://investor.sebi.gov.in/) and SAARTHI mobile app (both Android and iOS).
Investors can download the app using the below links:
Android – https://play.google.com/store/apps/details?id=com.sebi.invapp
iOS – https://apps.apple.com/in/app/saa%E2%82%B9thi/id1589426387

Mumbai
July 29/007/2024

Kurlon India- Shareholders to Oppose Consolidation of share to Rs, 200000 from Rs 10

 Now renamed  Kanara Consumer Products

 Please read Special Resolution -5 of the Notice

https://drive.google.com/file/d/1EUn2rREnnpxqUYJDYa-VA1ZmXtq26WJp/view 

A clever trick by the Promoters to compulsorily buy out  the remaining shares at the throw away rate of Rs 1300 /  share

Shareholders intend to oppose this Resolution , also , in NCLT

SEBI must intervene. Laws must be changed to protect the small share holders of Unlisted Companies.

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Blog Comments

 

September 01, 2019

Regional Director , MCA , Mumbai Opposes HSBC InvestDirect 's Compulsory Buy Back of Non Promoter Shares

God Bless the Regional Director , Western Region , Ministry of Corporate Affairs , Mumbai , for safeguarding the interests of Non Promoter / Loyal Remaining shareholders of HSBC InvestDirect ( India ) Limited

http://www.mca.gov.in/MinistryV2/regionaldirectors.html.

In a landmark move the Hon'ble Regional Director opposed in NCLT for the Selective Reduction of Capital.

Last hearing of HSBC InvestDitect in NCLT was on 01/07/2019.

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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 Fomento Resorts  Limited feels that Rs166 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

.
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The Valuers etc are all engaged by the Managements and cannot be considered as Unbiased or totally Fair. Affected shareholders should be allowed to have their own valuers / Valuation Reports. 

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

 

SEBI must intervene. Laws must be changed to protect the small share holders of Unlisted Companies.


http://smartinvestor.business-standard.com/market/story-335029-storydet-Bosch_firm_squeezes_minority_holders.htm

http://www.financialexpress.com/article/markets/indian-markets/companies-shareholders-must-find-common-ground-on-exit-strategies/133280/ 



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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

OLD POSTS
Jolly Board , which holds very valuable real estate assets in Kanjur Marg , Mumabi , is also following similar cheap tactic to oust loyal remainder small shareholders.

http://www.rareindianshares.info/2015/11/jolly-board-consolidates-face-value-to.html

========

Suashish Diamonds does the same anti shareholders move :-

http://www.rareindianshares.info/2015/12/suashish-diamonds-to-kick-out-loyal.html

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

Blog Disclaimer : Please Recheck  All Information . All information given in Good Faith. No Responsibility . 

=========

For further case studies  vis - a - vis small shareholders , please consider the following links :-

http://www.suchetadalal.com/?id=175202d7-a5ce-be2f-492fe1477460&base=sub_sections_content&f&t=Essar%27s+Delisted+Saga

 http://www.business-standard.com/india/news/cadbury-raises-buyback-price/421719/

 http://www.moneycontrol.com/news/business/why-didn39t-you-give-fin-projections-to-ey-hc-asks-cadbury_562074.html

http://seekingalpha.com/news-article/1520805-cadbury-kraft-india-one-of-fastest-growing-operations-for-kraft-globally

http://rareindianshares.blogspot.com/2011/01/cadbury-quit-india.html

http://www.gauravblog.com/?p=1277

http://www.kraftfoodscompany.com/in/en/Brands/index.aspx

http://www.rareindianshares.info/2012/07/ecellent.html

http://altaisadvisors.com/blog/2012/07/08/cadbury-india/comment-page-1/#comment-1517

http://www.rareindianshares.info/2012/11/cadbury-india-or-mondelez-international.html

LINK

http://www.rareindianshares.info/2011/01/cadbury-india-limited.html

http://economictimes.indiatimes.com/personal-finance/savings-centre/analysis/small-equity-investor-how-to-safeguard-your-interests/articleshow/21742266.cms?curpg=3

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

Disclosure : The Blog writer in his / family names used to have holdings in Kanara Consumer Products . So please make suitable " provisions " for any likely Over Optimism

NB :All information given in good faith. Please recheck every point before taking an investment decision.No responsibility with this blog / blog writer

 

India Exposition Mart - India Expo Centre, Noida 2023-2024-Annual Report

Please click ;-

https://indiaexpomart.com/wp-content/uploads/2024/09/IML-AR-2023-24-web.pdf

Blog Comments  Shares of India Exposition Mart are Rs. 5 / - paid. Please Recheck This.

 Official site 

https://indiaexpomart.com/index.php/about/

Some shares of India Exposition Mart  are available for Sale / Purchase with Dealers of Rare Indian Shares.