January 10, 2012

Guidance Wanted on Rawalpindi Electric Power Neptune Assurance Himalayan Woollen

We hold shares of the following companies.

We would greatly appreciate any information like their status market rate etc.

Rawalpindi Electric Power Company Limited

The Neptune Assurance Company Limited

Himalayan Woollen Textile Mills Limited

Contact :-



Dristhi Goel said...

they are junk. all read companies

Anonymous said...

so only aggarwalji posted it here,are else he will buy that share

Shoib Akthar said...

I can help you to sell the shares of Rawalpindi electric since I am from that place

Anonymous said...

Rawalpindi Electric Power Company Limited delisted from karachi stock exchange on 1983-09-18
please check below link

Ashwani Kumar Aggarwal said...

When British India got divided in 1947 in to India and Pakistan many shareholders became citizen of one country and were holding shares of a Company which came under the other country.

After 1965 , share holdings of such unlucky shareholders were transferred to both countries Government Department named , very perniciously " CUSTODIAN OF ENEMY PROPERTIES ".

Well , circumstances have changed. No body gains by remaining in an ENEMY Mode . Only some Promoters , by most ingenious processes , have given themselves extra gains ( at the expense on genuine holders who are , now , in Pakistan

Of the Pre1947 Joint Stock Companies let there be Common Listings in both India and Pakistan

For a case study please consider the moves under taken by a Pre 1947 Indian Company Binani Metals Limited :-
Binani Metals -Why Face Value Reverse Split to Rs.1000 ??

The recent consolidation ( Reverse split ) by Binani Metals Limited to the unprecedented Rs. 1000 Face Value per share is one of the most interesting and intriguing Indian corporate actions vis-a-vis small shareholders. No other Listed company in India has a face value of Rs.1000.

Binani Metals Limited ( along with its many amalgamating companies like Metal Distributors Limited ) is more than 70 years old company .So it had many dormant ( dead share holders and Custodian of Enemy Property ) shareholders.

All those share holders holding below 10 or in not multiple of 10 were reduced to holders of fractional shares when Binani Metals Limited decided to consolidate the face value ( from Rs. 100 to Rs. 1000 ) .These share holders were compulsorily paid pro rata @ Rs. 450 for Rs. 100 face value " fraction " ( This was a mere fraction of the True Value and the Share was and still is Illiquid . No Trading in the only Regional Exchange Calcutta Stock Exchange - since 1992 ) .

The interesting topic for further research and study is what became of the dormant and Custodian of Enemy Property share accounts. There shares were compulsorily sold . But what became of such unclaimed Payment Warrants.

Probably they are still unpaid and that money is with the Company !!!






es under taken by a Pre 1947 Indian Company Binani Metals Limikted :-


Also . please read :-

Custodian of Enemy Property -Wipro Shares ( worth Rs. 750 crore ) Case

Please Click :-


Samay said...

if wishes were horses ....