February 10, 2017

Bagrrys India Ltd.- Please Guide

NEW POST



June 20, 2017


Baggry India Shareholders- Retain Your Equity Shares

Baggry India is an Unlisted Company. It seems to be be doing very well..

Baggry India is holding Court (NCLT )  convened Meeting of Shareholders on 24/06/2017 at Baddi ( Himachal Pradesh ) for reorganization .

Most Important for shareholders is Resolution XI on Page 3

 xi.  Re-organisation of part Share Capital of Bagrrys India Ltd by cancelling the Equity Shares held by all non-promoter/outside shareholders and to issue 8% non-cumulative compulsorily redeemable Preference Shares of `10 each at a premium of `114 (one hundred fourteen) per share.

( Please copy paste this and Please Go Through the Entire Notice - Seems Investor Unfriendly and shgould be opposed in E Voting / Court Meeting )

file:///C:/Documents%20and%20Settings/admin/My%20Documents/Downloads/Notice%20Final%202017.PDF


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It is strongly Recommended that Shareholders retain their Equity shares by writing ( by Registered Post / Speed Post ) to the Company in this regard under this provision

Page 10

 i v    It is clarified that an outside/non-promoter shareholder is entitled to retain his/her/its equity shareholding in the Transferee Company by giving a notice of such intention to the Transferee Company any time up to the record date to be fixed for such purpose. In all the cases where the Transferee Company receives intimation from the non-promoter Shareholders to retain their equity shareholding in the Transferee Company, equity shares with respect to all such shareholders will not be cancelled and will not be replaced with 8% non-cumulative compulsorily redeemable Preference Shares


( Please copy paste this )

file:///C:/Documents%20and%20Settings/admin/My%20Documents/Downloads/Notice%20Final%202017.PDF



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 Other  Explanatory Statements

The following are some of the specific advantages of the proposed Re-organisation of Share Capital of the Transferee Company:

 i. The Transferee Company has some outside/non-promoter shareholders. Since the Transferee Company is an un-listed company, there is no mechanism/platform available to these Shareholders to sell/dispose-off these shares, if they so wish.


ii. In order to provide an exit opportunity to all the outside/non-promoter shareholders, it is proposed to re-organise the share capital of the Transferee Company, on voluntary basis, by cancelling the Equity Shares held by all the outside/non-promoter shareholders; and to issue 8% non-cumulative compulsorily redeemable Preference Shares of `10 each at a premium of `114 (one hundred fourteen) per share.


 iii. The proposed re-organisation will provide a permanent liquidity option for illiquid shares of the Company. It will help the non-promoter shareholders in realising the true potential of their investments in the Transferee Company which can be gainfully deployed elsewhere.


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old / original  post

At what rate are its shares available.

Please Guide


Email   akaj188@gmail.com  or Write in Comments


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Response


tushar agarwal said...


I have also tried a lot for getting the shares but attempt failed
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Blog Reply
Thanks Tushar

But Bagrrys seems to be listed


ISIN : 


INE229F01016 


http://www.moner.in/isin/INE229F01016/ 

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Blog ;
Bagrrys seems to be doing very well. In Jalandhar's Metro Wholesale Store Bagrrys's products were stacked in large quantity and were selling.
Please , also ,Click :-


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Important : Please do not take any Investment Decision based on above observations

We do not yet own any share of Bagrrys India Limited



2 comments:

tushar agarwal said...

I have also tried a lot for getting the shares but attempt failed

ZeeNut said...

Please read this :
http://alphaideas.in/2017/06/19/screw-shareholders-bagrrys-edition/