Queries of Shareholders
1 ) DISSEMINATION BOARD FOR SALE / PURCHASE OF SHARES
Page 42 of the Annual Report ( 2014 -15 ) mentions that as Delhi Stock Exchange stands de recognised , shares of Frick India Limited would be moved to the DISSEMINATION BOARD of NSE / BSE
Question : When would this DISSEMINATION BOARD start functioning. ?
Question : Whether in BSE or NSE ?
2 ) LISTING or DELISTING ( Pages 17 and 18 of the Annual Report )
SEBI has stated that DISSEMINATION BOARD is only a temporary step. Such Compsnies either officially DELIST or RELIST in BSE / NSE.
Question : What is Frick India doing . LISTING or DELISTING ? What have the Experts stated ? ( Page 18 )
3 ) LEGAL DISPUTE BETWEEN PROMOTERS ( Page 21 )
Legal disputes are pending between Jang Bahadur Singh ( Dr. JB Singh ) holding 40 % shares under L/f J324 and Jasmohan Singh and his siblings in the Hon ble Delhi High Court and Courts in the USA.
Question : Are these disputes adversely affecting the interests of Non Promoter shareholders who have been denied bonus shares issue ?
August 20, 2016
Frick India- Annual Report -2015-16 - Excerpts - Comments
Financial Highlights ( 2014 -2015 )
Sales : Rs.157 cr 44 lakh
Gross Profit : Rs. 9 cr 20 Lakh
Net Profit :Rs. 6 cr 36 Lakh
EPS ( Rs. 10 paid up share ): Rs 105 / 92 p
Book Value ( per share ) : Rs.1633 /21 p
Share Capital : Rs. 60 Lakh ( 6 lakh shares )
Dividend : 20 %.
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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
( NB : All information given in good faith. Please recheck all facts before taking any investment decision.
. No responsibility taken by this author / blog . )