demat ISIN No. INE365I01012
81 st AGM of NBI Industrial Finance ( earlier The New Bank of India ) is being held on Saturday, 24/09/2016 at 10:30 AM , at its Registered Office i.e. at 21, Strand Road , Kolkata -700 001
E Voting is from 21/09/16 9 10 AM ) to 23/09/2016 5 PM
Resolution No 1 - Report of Board of Directors is being opposed because :-
1 ) Shareholders want Delisting of NBI Industrial Finance as the Company has failed to comply with SEBI 's directions regarding Relisting . Its application for Relisting has not been accepted by NSE ( probably rejected ).
NBI Industrial Finance was earlier exclusively listed at the , now , defunct , Delhi Stock Exchange. SEBI has outlined very strict norms for Relisting or else compulsory Delisting.
In case of Delisting a fair price has to offered to the minority shareholders.
2 ) No Dividend has been declared despite massive dividend income from NBi Industrial 's large ( Promoters ' ) holding of Shree Cement shares
September 07, 2016
NBI Industrial Finance Annual Report 2014-15 , Contact Details , Website
NBI Industrial Finance Limited
August 18, 2016
As per SEBI directives , companies like NBI Industrial were either to ( 1 ) Relist or (2) Delist ( by offering its shareholders a fair value.
It seems ( please Recheck ) NBI has not sought to Relist.
So , there is discussion going on in the market whether NBI promoters have chosen to Delist.
If NBI is , indeed , delisting then the Fair Rate being mentioned in discussions is Rs10,00 to. 20,000/- + Upwards.Per Share ----------
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JAB APNA HISSA MANGEY GEY
IK BAGH NAHI; IKK KHET NAHIN
HUM SAARI DUNIYA MANGEY GEY
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 . )