Letter by a Shareholder to the Company :-
I have received your postal Ballot Notice regarding compulsory acquisition of non-promoter shareholdings. In this connection the proposal seems to me a dishonest, illegal and criminal proposal for illegal enrichment at the cost of the non-promoter shareholders who have believed in your entrepreneurship and invested in your Company by going through your published Balance Sheet of several years. Till date we were not aware that you had criminal and illegal intentions to cheat the shareholders of your own company. We were under the impression that the promoters are all people of high ethics, morality, equity and fair. However the dark side of you has come out openly through this compulsory acquisition proposal which I am sure will be a black mark for you for generations to come.
Your reasoning for the compulsory acqusition as mentioned in the explanatory statement in the garb of SEBI guidelines etc are all deliberate falsehood with ulterior motives of personal enrichment. In the process it is distressing to see two professionals 1) P. Pattabiraman and Co. Chartered Accountants and 2) Mr. Adit N. Bhuva, Practising Company Secretary are also colluding with you for your illegal proposal.
The proposal raises fundamental questions of investments in Securities of Public Limited Companies by investors and the way in which corporate governance are handled by fraudulent promoters like you. The systematic mis-use of SEBI guidelines, misuse of the name of High Court, Companies 2013 etc.in your proposal are a big challenge.
I have decided to take up the matter with appropriate legal forums to see that you are prevented from going ahead with this proposal.
In the meanwhile you are requested to kindly forward me a copy of valuation report of P. Pattabiramen & Co, Chartered Accountants who has determined a fair value of the shares.
P P Zibi jose
Mail id :- email@example.com
Reed Relay - Shareholders Unite to Get Cancelled @ Compulsory Acuisition
I would like to invite Share holders of Reed Relay though this EFFECTIVE PLATFORM to protest against the company
I am holding just 212 shares and that to purchased not at very high price but to protect other shareholders and to protest AGAINST THE DADAGIRI OF THE PROMOTERS.
" I REQUEST THE SHAREHOLDERS TO VOTE THROUGH THE ELECTRONIC MEDIA ONLY i.e. though evoting only. Because it may happen that promoters intentionally do not put entry of the ballot in the inward register, may ask the post man not to deliver the same before the expiry date, may ,may , do any thing as they like . but if the same is done through " EVOTING" we have perfect record officially on the website .
i have yesterday voted through the evoting platform and is very easy to use the same.
IT IS MR. NARENDRA MODI WHO HAS PUT A SURGICAL STRIKE AGAINST THE BLACK MONEY NOW IT IS OUR TURN TO PUT SURGICAL STRIKE AGAINST THE GREEDY AND CHEATER PROMOTER WHO HAS USED OUR MONEY TO FLOURISH THE COMPANY AND WHEN THERE INTENTION IS OVER THEY THREW AWAY LIKE ANY THING.
JAGO SHARE HOLDER JAGO.
THANKS & REGARDS,
TUSHAR S AGARWAL
November 15, 2016
Reed Relays @ Rs.107-Compulsory Buy Back- Shareholders Protest
THE NAME IS REED RELAYS AND ELECTRONICS INDIA LIMITED
THEY HAVE SENT THE POSTAL FORM THROUGH SPEED POST FOR PASSING THE RESOLUTION FOR COMPULSORY EXTINGUISHED THE SHARES OF MINORITY SHARE HOLDERS @ 107/-
PLEASE KNOW THE FACT
DIVIDEND PAYING (FOR THE YEAR 15-16 DIVIDEND PAID RS. 1.6
SMALL EQUITY OF JUST RS. 1 ODD CRORE
PLEASE GUIDE ME AS I DONT WANT TO SURRENDER THE SHARES @ 107/-
TUSHAR S AGARWAL