January 31, 2016

Nadar Shareholders Oppose TMB’s IPO Proposal-Outcome of TMB AGM

May 16, 2016

Tamilnad Mercantile Bank Bonus ( 500:1 ) 25 /05/2016- Record Date

Bonus in the ratio of 500 shares for every one share ( Rs.10 paid up ) held on Record Date

Record date : Wednesday, 25 th May , 2016



A majority of the shareholders present at the Tamilnad Mercantile Bank’s annual general meeting here came down heavily on a proposed Initial Public Offering (IPO), stating that they are ready to fund the bank's capital requirements as also buy back the shares held by financial institutions (FIs).

They estimate the cost of FIs’ holding at over Rs. 600 crore.

Asserting that they are ready for a compromise to buy back the stake from the FIs, S Vaikundarajan, promoter of VV Minerals, said: “We will not let this bank, promoted by and for the Nadar community go out of our hands.”

At its AGM (for six years from 2009-10) at Thootukudi in Tamil Nadu, the members opposed the IPO, stating that this will open the door once again to outsiders.

While management sources contended that the IPO would help meet the bank’s CAR (Capital Adequacy Ratio) requirements, the shareholders refused to allow the motion. They sought the AGM’s Chairman — a court-appointed Judge — to remove the proposal from the agenda. However, the Chairman declined to do so, and said he will take it on record the floor’s objection to the proposal.

The bank has been in the spotlight ever since Essar Group acquired a stake in it. Business tycoon C Sivasankaran later bought 95,418 shares (around 33 per cent stake) from Essar Group, but sold them.

Show-cause notice

The transaction with the FIs attracted a show-cause notice from the Enforcement Directorate to TMB and Standard Chartered Bank, among others, for contravention of the Foreign Exchange Management Act (FEMA) 1999.

Bank sources say the FIs and NRIs bought the shares at Rs. 24,000 apiece in May 2007. They are currently worth around Rs. 93,000/share.

The FIs and the NRIs stake is around 42 per cent, including a 19 per cent voting right.

“Once we did the mistake by letting outside investors, we don’t want to do the mistake again,” said Chandrasekaran, one of the shareholders.

Vaikundarajan said his community members, who spent over Rs. 7,000 crore on ads to TV channels every year, could easily mop up funds for capital.

Bonus shares

The shareholders have also asked the bank to increase the proposed bonus shares from 500:1 to 1500:1 and opposed the re-appointment of the existing auditors.

The results of today’s election for 10 board members were not made public as the Court had instructed the Chairman to submit the results in a sealed cover to it.

(This article was published on January 29, 2016)

Link : http://www.thehindubusinessline.com/money-and-banking/nadar-shareholders-oppose-tmbs-ipo-proposal/article8168919.ece


Vipul Gandhi
(M)+91 93755 77007

Web : www.unquotedshares.co.in


Blog Gratitude to Vipul Gandhi


Not Fair -Farm Enterprises - Reliance Ind. Share Exchange - Message Received

Message Received



why farm enterprises are giving rel.ind.'share to sh.holders of farm enterprise by cancel of equity capital of f.ent. ?

According to me this is not good for farm' sh. Holders. Co. Should give u or interim dividend to sh. Holders of farm. 

By giving sh. Of ril equity of farm would cancelled and crores of ril shares are in direct control of promoters of co. 

This is not good we should go in knowledge of media this type of work......... 



January 30, 2016

Jardine Henderson Limited

Jardine Henderson Limited 's predecessor Company was Jardine , Skinner And Company which was founded in 1825.

The company was closely associated with Matheson & Company of London and Jardine Matheson & Co. of Hong Kong.

 In 1946 Jardine Skinner merged with George Henderson to form Jardine Henderson. At first the Jardine and Steuart families controlled the new firm, although the Mehta family held 40% of the shares. In the early 1970s the majority of shares were transferred to Indians as the main British shareholders died..

Source / Credit  : -


Now , an Indian Company shares of Jardine Henderson ( Rs.100 paid up ) are listed with Calcutta Stock Exchange which Exchange does not seem to operate.


Presently , Jardine Henderson Limited is :-

 is one of India`s oldest Pest Management Companies and a pioneer and leader in the Pest Management Industry.

 Mr. Laxmi Kant Mehta, Chairman
Mr. Avnish Mehta, Non-Executive
 Ms. Shailja Mehta, Non-Executive (Woman) 
Mr. Ratnanko Banerji, Independent 
Dr. Suman Kumar Mukerjee, Independent 
Mr. Rakesh Macwan, Managing Director

As on 31/03/2015

Share Capital : Rs. 2 crore

Reserves         : Rs.12 cr 93 Lakh

For Financial Year Ended 31/03/2015

Sales : Rs.15 cr 44 Lakh

Gross Profit : Rs.73 Lakh

Net Profit     :Rs.42 Lakh

EPS ( Share Rs.100 Paid Up ) Rs. 20 / 77 p

Dividend : Rs.7 /50 p ( 7 : 5 % )

For Complete 2014-15 Annual Report ,Please Click :-


Shares Listed at Calcutta Stock Exchange ( which is Non Operational )

It appears some shares of Jardine Henderson are available with Dealers of Unlisted / Delisted Shares  (Please Recheck this ).



June 17, 2017

Calcutta Stock Exchange-List of Companies


Is Calcutta Stock Exchange officially closed or not ?


SEBI Should Declare Calcutta Stock Exchange as CLOSED , to help Investors.
.Shares which are Exclusively Listed Companies ( ELC s ) in Closed Regional Stock Exchanges have to either Relist ( in BSE/NSE ) or Delist ( by making an Buy Back Offer to Non Public Shareholders )

Important SEBI Directions on Regional Stock Exchanges / ELC

For Regional Stock Exchanges Exclusively Listed Companies ( ELC ), important SEBI ( 2016 )directions :-

It appears that SEBI has extended the deadline to 30 th June, 2017 ( Please Recheck this )


 It appears some shares of Calcutta Stock Exchange are available with Share Dealers of Unlisted / Delisted shares, for Sale / Purchase ( Please Recheck )


also , please read

Defunct Regional Exchange Shares - SEBI Toughens


Dissemination Boards. Metropolitan SE Fail Regional Stock Exchange ELC Shares

Blog :Please Recheck All Information / Facts Before Taking Any Investment Decision.
          No Responsibility Taken by Blog / Blog Writer

January 29, 2016

Tide Water Oil - Split into Rs.5 , 1 : 1 Bonus

Rs. 10 Paid Share Split in to 2 Shares of Rs.5 each

Bonus 1 : 1






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 any  likely over optimism .

( All comments / facts given in good faith. Please recheck all points before taking any investment decision. No responsibility with this blog / writer )


Gold Bond Scheme- Govt. Collects 2790 Kg Worth Rs 726 cr

Date of Allotment : 08 /02/2016

The Central government's Sovereign Gold Bond (SGB) scheme has seen more takers than the first one launched during the end of last year.


Shares For Investment in Volatile Times

BSE Seeks SEBI Approval For Listing


Blog Gratitude to Jagdish Saini 

Vipul Gandhi ' Comments

BSE seeks Sebi approval to launch IPO Top stock exchange BSE has sought approval from capital markets regulator Sebi to launch initial public offer, saying it is in compliance with all the regulatory requirements for the listing. 

Top stock exchange BSE has sought approval from capital markets regulator Sebi to launch initial public offer, saying it is in compliance with all the regulatory requirements for the listing.

BSE has been seeking to get listed for a long time and it had earlier filed an application with Sebi in this regard in 2013. 

In a fresh communication, BSE has now written to the Securities and Exchange Board of India that it is in full compliance with the requirements of the new SECC (stock exchanges and clearing corporations) Regulations and therefore it can proceed with its IPO plans. 

The exchange has requested Sebi to provide approval "permitting BSE to proceed with the IPO and listing of BSE's shares on a recognized stock exchange". 

Earlier this month, Sebi had amended the existing SECC regulations to make it easier for stock exchanges to list their shares through an IPO. 

The move follows demand from investors in stock exchanges for listing of the bourses which can provide them an opportunity to unlock the value of their investments. 

Large foreign investors including Goldman Sachs, Temasek and Morgan Stanley, in November, approached the government to expedite the process for listing of top stock exchanges, BSE and NSE. 

The listing of exchanges was hanging fire for a long time in India, even as the regulator Sebi had put in place a regulatory framework in this regard more than three years ago. Since then, BSE has approached Sebi several times with its plans for an IPO, but necessary clearances have not been forthcoming on one or the other issue.

Link : http://t.in.com/0YYO

Currently BSE shares is traded around 310 per share & we expect this year BSE get listing approval.


Vipul Gandhi
(M)+91 93755 77007

Web : www.unquotedshares.co.in


January 28, 2016

Essar Oil Trading to Stop wef 10/02/2016

BSE said exit option will be kept open for the remaining public shareholders for a period of at least one year from the date of delisting at Rs 262.80. 




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

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

Rhodia Specialty Kicking Out Remainder Shareholders ( Non Promoter )

After receiving approval from The Hon'ble Bombay High Court , Rhodia Speciality has cancelled the shares of Non Promoters  ( total 55,681 shares and paid them @ Rs.1200 Per Share , in June , 2016 .

Now , entire holding of Rhodia Speciality Chemicals is with Promoters 


 Rhodia Specialty Chemicals India Limited ( earlier named Albright And Wilson Chemicals India Limied , earlier incorporated in 1965 as Albright Morarji And Pandit Limited ( of Dharamsi Morarji Chemical Company -DMCC Group )

Rhodia Specialty ( Albright and Wilson ) delisted in 2014 ( @ 1200 ).
Exit Offer Period was to end on 31/10/2016.

Promoters , now , hold 98: 35 % of Shares.
In a surprising  move , Rhodia Specialty , has unilaterally closed the Exit Period prematurely.

This is illegal and should be challenged before SEBI and National Company Law Board as Exit Period cannot be closed prematurely..

In its eagerness to kick out remaining loyal   Non Promoter share holders Rhodia Speicialty Chemicals is resorting to selective Reduction of share capital to compulsorily buy out the Non Promoter shareholders a la Cadbury India style.

The rate at which this Compulsory Buy Out is Rs. 1200 , same as was offered at the time of Delisting 2 years ago.

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. 


For Cadbury India Compulsory Buyback , case study :-



Rhodia Specialty Chemicals - Big Expansion

Rhodia Speciality ( Albright and Wilson ) delisted in 2014 ( @ 1200 )

Belgian Promoters Solvay have great plans for Rhodia . They are making it a Global production base for its Novecare products .

Please study the links :-



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

NB :All information given in good faith. Please recheck every point before taking any investment decision. No responsibility with this Blog or Blog Writer

January 27, 2016

Central Province Railways Reduces Share Capital by 94 %

The Central Province Railways Company Limited

Probably the only listed Privately Owned Passenger Rail Company  still running ( Other Listed  Share is CONCOR - Container Corp. but this is a Govt. Company and in container and not passenger transport )



Central Province Railways have reduced their share capital by 94 % from Rs. 94 lakh to Rs. 5 Lakh 64,000 ( Share Rs. 10 Paid Up )  being set off against accumulated Loss of Rs.1 crore 44 lakh as on 31/03/2014.


With a Share Capital , now , of Rs. 5 Lakh 64,000 ( 56,400 shares of Rs. 10 each ) Central Province Railway , probably , has the Lowest Equity Capital among all Listed Companies.


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. No responsibility taken by this author / blog . )

January 25, 2016

Investment Strategies in Present Volatile Conditions

Investors Use SCORES ( by SEBI ) For Complaints Against Companies / Intermediaries


There will be occasions when you have a complaint against a listed company/ intermediary registered with SEBI. In the event of such complaint you should first approach the concerned company/ intermediary against whom you have a complaint. However, you may not be satisfied with their response. Therefore, you should know whom you should turn to, to get your complaint redressed.
SEBI takes up complaints related to issue and transfer of securities and non-payment of dividend with listed companies. In addition, SEBI also takes up complaints against the various intermediaries registered with it and related issues.
SCORES facilitates you to lodge your complaint online with SEBI and subsequently view its status.


  This is in reference to the article whose link was given on 22ndJanuary,2016 at your blog.



 PSU Banks ,whose names are known to even children in our household, and their shares are available at their 52 week low prices ,looked quite tempting to me at first thought. But then I read this article by an expert and changed my mind. This can be a help to our small investors, while taking an investment decision in these banks.



Note-I  nvestment in Equity is highly risky.


Blog Gratitude to Manish Kapur

January 23, 2016

Netaji Subhash Chander Bose 's Birthday Today ( 23 rd January ).

We want Republic Day to be celebrated on 23 rd January.
We accept that Netaji was martyred in Air Crash in 1945 and his Ashes are in Renkoji Mandir , Tokyo.

But we want that a Azad Hind Ghat be built ( Near Raj Ghat ) in Delhi and Netaji's Ashes are brought to this Azad Hind Ghat.
Jai Hind


Emile Schenkl Bose- The Real " Kaiser - E - Hind "

Queen Victoria of England was given by Prime Minister Disraeli the title of " Kaiser -e Hind " meaning in German " Empress of India " . Victoria had German ancestry and Disraeli took great pains to please her.

But  for Indians the real Kaiser -E- Hind is not Victoria but EMILE SCHENKL BOSE  the Austrian - German wife of Netaji Subhash Chander Bose,one of the most respected National Heroes of India .

Well , had events happened in India's favour and had India been lucky then Independence would have come under Netaji Subhash Chander Bose . The great " ARZI HUKUMAT AZAD HIND " ( Provisional Government of Free India ) based at Singapore would have become the ASLI HUKUMAT AZAD HIND based at New Delhi .

Then ,firstly , there would not have been any partition  ( as Netaji , unlike the Congress , had full confidence and trust of Indian Muslims )

And secondly ( as I see in my dreams ) Emile Schenkl Bose ( with daughter Anita Bose ) would have landed in India and the admiring and adulating Indians would have been welcoming  India 's real " Kaiser E- Hind " and Emile Schenkl Bose taking her rightful place as the First Lady of " Azad Hind " at the Rashtrapati Bhawan , New  Delhi ( A glorious conclusion of Azad Hind Fauz ( Indian National Army's ) Onto Delhi-" Dilli Chalo " campaign ).


 ( There are may devotees of Netaji Subhash Chander Bose . They love the movie " Bose - The Forgotten Hero " THEY WANT THAT A SPECIAL POSTAGE STAMP BE BROUGHT OUT HONOURING EMILE SCHENKL BOSE )

Ashwani Kumar Aggarwal


Dilip Surana Selling Syngenta, Philips, Carrier, Alfa Laval, Tamilnad Mercantile Bank

We sell shares of following companies




ALFA Laval

Tamilnad Mercantile Bank

If interested send your offer to dilipmsurana@gmail.com  09840278351
Dilip Surana

Strides Financial Services

"Arihant Plaza"  First floor
84-85,Wall Tax Road,
Park Town, Above SBI
CHENNAI 600003
Mobile   09840278351  


Dealers of Rare Indian Shares 







Vikas Aggarwal

Email id -  sujakinvestment@gmail.com 
Cell 08905537733


Contact: 022-67809990
Toll Free: 1800 209 2929
Visit: www.3aindia.com


Pradeep Jain

Nirej V Paul, AKHIL SECURITIES | 3/D2, 2nd Floor | Saniya Plaza |
Near KSRTC Bus Stand | Cochin 35 | Kerala |
Office  : 0484 4032952, 6596725 |
Mobile : 09447577160 |

Integrated Fincap Pvt. Limited

1111 , Indraprakash ,
21 ,Barakhamba Road ,
 New Delhi-110001

Toll Free : 1800-111-110 

Ph. :011-23351793 , 23357089

( m ) 098110 - 65464
VisionFINANCIAL Services ,
S 183, GK II,
New Delhi 110048

( m ) 099990-07345 - Keshav Goyal

email :






Dilip Surana

Strides Financial Services
"Arihant Plaza"
84-85,Wall Tax Road, Ist floor
Park Town, Above SBI
CHENNAI 600003

Phone No 044-25350312, 25350313
Fax No  044-42371148
Mobile 9840278351      95000 95121

Website : www.investorinfo.in

Vipul Gandhi
Gandhi Associates
25 , New Jagnath , Saptabhumi Apt.,( G.F.)
Tel 0281-3046757 /3057667
(m)  093755- 77007
email:   unquotedshares@rediffmail.com
Website  www.unquotedshares.co.in


M - 9825796997

Harish Mittal


  P ankil Shah 


Jay Shah


Coolraj Sakhlecha

333 MINT ST.,
CHENNAI 600 001
CELL   09841557344
PH  -    04425388750.  email : coolrajs1970@yahoo.co.in