The Delhi Flour Mills Co. Ltd. ( a more than 100 years old company) was listed at Delhi Stock Exchange. It has promoted DFM Foods Ltd. (BSE code : 519588 ) and holding 3711676 equity shares of DFM Foods Ltd. ( i.e. 37.11 % of the total equity of the company), market value as on 31-03-2016, as per page no. 39 of Annual Report of The Delhi Flour Mills Co. Ltd. for 2015-16, is Rs.542.28 crores whereas present value of this investment alone is more than Rs.700 crores ( present market rate of DFM Foods. Ltd. is Rs.1990/-per share).
The promoters of The Delhi Flour Mills Co. Ltd. has offered exit route/offer @ Rs. 720.13 per share to the public share holders holding total 81879 shares , valuing the company for Rs. 131.48 crores ( no. of shares x Rs.720.13 i.e. total no. of equity share of The Delhi Flour Mills Co. Ltd. - 1825777 x Rs.720.13 = Rs.131.48 crores ) whereas market value alone of company's trade investments as on 31-03-2016, as per page no. 39 of Annual Report for 2015-16, is Rs.542.28 crores and present market value of this investment alone is more than Rs.700 crores. Please note that company is holding large parcel of land in the heart of the city of Delhi and I am not considering reserves and the value of land and buildings.
The Delhi Flour Mills Co. Ltd. is having large parcel of land in the heart city at Burf Khana, near Amba/Palace cinema which is hardly 1/2 km from St.Stephen's College, Delhi. I have completed my graduation from Hans Raj College in 1983.
In spite of repeated requests, company/promoters is not providing copy of Valuation Report, which is done by M/s Corporate Professionals Capital Private Ltd., a SEBI registered category I merchant bankers.
October 20, 2016
Delhi Flour Mills Exit Offer Price Only on Book Value - Present Worth Many Times
Delhi Flour Mills is more than 100 years old and as such there is a vast difference between the Book Value and the present day Market Value of the assets.
Very surprisingly , the Fair Value calculated by the Valuers Corporate Professionals Capital Private Limited is simply by dividing the Net Worth ( Share Capital + Reserves ) by the number of Shares.
Public Investors of Delhi Flour Mills are very upset at this Valuation Report
Message From Investor
October 17, 2016
Delhi Flour Mills Holds Very Valuable Land Bank - Message Received From Investors
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 hace to raise capital ( Bonus shares ) or Delist by providing Fair Value.
JAB APNA HISSA MANGEY GEY
IK BAGH NAHI; IKK KHET NAHIN
HUM SAARI DUNIYA MANGEY GEY
( Josh Malihabadi )