This Message has been Received From Reader / Investor Deepak Gupta -
Please Go through this SEBI circular of 10th October, 2016- very carefully.
Please Click :-
This binds the promoters, like the Jains of BCCL, from mishandling the interest of their shareholders. Up to now , they have played as they wanted. Not anymore. Now they are in a jam and they have to come out transparent and fair. Otherwise the penalties are very severe.The time frame allowed is 3 months from the date of this circular (10.10.2016).You will note that SEBI has closed almost all escape routes, including shortage of capital.
- Deepak GuptaBharat Nidhi has been using this ridiculous plea that their capital is 2.97 Cr., short by- can you imagine- just 3 lacs, and the company is not eligible to list on a national stock exchange, and they are constrained to be listed on a non-trading platform stock exchange, Calcutta. It means, for those wanting to sell in the market, full capital gains tax or a deal in the grey market.In such cases of short capital, the company has to issue preferential allotment, that too under the strict supervision of the exchanges.The two page SEBI Circular dt. 10/10/16 is very important to read.
October 24, 2016
Relist or Delist - SEBI Ultimatum to ELC ( Regional Stock Exchanges )
For More / Source , please click :-
October 14, 2016
SEBI Gives 3 Months For Relisting/ Delisting For Regional Stock Exchanges ELC
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Exclusively Listed Companies ( ELC ) like Frick India Limited . NBI Industrial Finance would either have to raise capital ( Bonus shares ) or Delist by providing Fair Value.
Macrofil Investments ,Digvijay Finlease , NBI Industrial Finance and other Unlisted Promoters' Holding Companies should follow the examples of
1 ) Max India Promoters are paying a fair price of Rs.94 for every share ( Re. 1 paid up ) of their Unlisted Holding Company - Cheminvest Limited.
2 ) Reliance Industries Promoters gave 1 share of Reliance Industries for every 1 share of their Unlisted Holding Company - Farm Enterprises Limited ( earlier Reliance Enterprises )
Please , also , click :-
General Warning : Investment in shares can be injurious to your WEALTH.
Caution :The blog writer has personal/ family members' holdings in Frick India and Dalmia Refractories ,so please make suitable "provisions " for likely over optimism
( PS : All information given in good faith. Please recheck all facts etc. No responsibility with this author / blog. )
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 25 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