September 12, 2017
old / original post
BAGRRYS INDIA LIMITED PROVISIONAL BALANCE SHEET AS AT 31ST DECEMBER 2016 Notes December 31, 2016 (Rs.)
EQUITY AND LIABILITIES Shareholders’ funds Share Capital 32,263,000
Reserves and Surplus 1,004,960,142
Non-Current Liabilities Deferred Tax Liabilities (Net) 5,548,809
Long-term provisions 4,602,736
Current Liabilities Short-term borrowings 97,736,199
Trade Payables 6 Due to Micro, Small & Medium Enterprises - Due to Others 36,051,765 Other current liabilities 7 17,248,731 Short-term provisions 8 28,249,028 Total 1,226,660,410
ASSETS Non-current assets Fixed Assets Tangible Assets 79,765,718
Capital Work in Progress --
- Non-current investments 960,414,176
Long-term loans and advances 56,103,056 Other non-current assets 12 1,612,442 Current Assets Current Investments 13 2,751,997 Inventories 14 68,361,841 Trade Receivables 15 34,206,947 Cash and Bank balances 16 5,557,328 Short-term loans and advances 17 2,778,594 Other current assets 18 15,108,311 Total 1,226,660,410 For and on behalf of the Board Sd/- Sd/- Sushil Kumar Chetani Laxmi Narayan Sain Whole Time Director Whole Time Director DIN: 00217325 DIN: 00217237 Place: New Delhi Date: 7th January, 2017
PROVISIONAL STATEMENT OF PROFIT AND LOSS FOR THE PERIOD ENDED 31ST DECEMBER, 2016
This seems to be a Trial Balance - May be for 9 months. PLEASE RECHECK THIS. Please do not take any Investment Decision based on this.
Please study Pages 64 , 65 of PDF document ( Copy Paste the below given link )
June 20, 2017
Baggry India Shareholders- Retain Your Equity Shares
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 the PDF link given below and Please Go Through the Entire Notice - Seems Investor Unfriendly and should be opposed in E Voting / Court Meeting )
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
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 )
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.