SEBI chief UK Sinha said the regulator plans to force promoters of companies whose shares do not see active trading both at the main bourses and in regional exchanges to delist. Such promoters will have to provide an exit route to investors, failing which they will be penalised. India has about 8,000 listed companies but active trading hardly takes place beyond the top 1,000.
As many as 1,200 companies have been suspended for trading for over seven years now, and these will be the first that will be forced to delist.
Besides, there are over 3,000 companies listed on various regional stock exchanges that have become defunct, Sinha said.
The exercise for over 4,200 listed firms would be completed this year. Such exercises would be taken up going forward to clean up the market from what the Sebi chief described as "a source of nuisance".
Read more at: http://www.moneycontrol.com/news/market-news/sebi-to-delist-4200-firms-warns-erring-promoters-auditors_6744781.html?utm_source=ref_article
June 03, 2016
Frick India 2015-16 Profits Nearly Double, EPS Rs.195, Book Value Rs.1825
Sales : Rs 200 cr 70 lakh
Gross Profit Rs. 18 cr
Profit Before Tax Rs. 16 cr 28 lakh
Net Profit : Rs. 11 cr 69 lakh
EPS : Rs.194 / 83 p
Dividend : 25 % ( Rs.2 / 50 p )
As on 31 /03/2016
Share Capital : Rs. 60 Lakh ( 6 Lakh Shares of Rs. 10 each )
Reserves :Rs.108 crore 90 lakh
Book Value Per Share : Rs.1825
Blog Comments : -
Frick India is market leader in Industrial Refrigeration.With Govt. emphasis on Food Processing / Food Preservation Prospects are very Bright.
Frick India 's Balance Sheet has many Hidden Assets.
Example : -
Frick India owns 22 acres of Prime Land on GT Road , Faridabad ( NCR ).Current land prices could be upward of Rs. 100 cr Per acre ( Please Recheck this Information )