December 21, 2015

Suashish Diamonds to Kick Out Loyal Remainder Public Share holders

Suashish Diamonds Delisted in June  2014 at the Exit price of Rs. 242  per Share ( Face Value Rs.10 ).

Suashish Diamonds is holding an EGM on 05/01/2016 at Mumbai

Now , Suashish Diamonds  intends to compulsorily eject the remainder 1204  loyal small shareholders ( Total shareholders 1217 ) by following the cheap trick of increasing the face value of one share from Rs. 10 paid up to Rs. One Lakh paid up.

Promoter Ashish R. Goenka holds 99: 06 % of shares.

As Suashish Diamonds  , now, unlisted , the resultant fractions have been arbitrarily valued at Rs. 242 ( for Rs.10 paid up shares ) ( same at the Exit price determined 2 years back.

 This is totally unacceptable and is sheer loot. 


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.


Same anti small shareholder trick by Promoters of MNC Bosch Chassis ( Kalyani Brakes ) and real estate laden Jolly Boards.

Please Click :-


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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

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