Managing Director Mr. Jas Mohan Singh assured the shareholders that the Management would take up , in the right earnest , the issue of Listing of shares of Frick India in BSE / NSE. The next Board of Directors Meeting would take it up and the entire Listing procedure would be complete before the next AGM .
The issue of Split / Bonus shares would be taken up once BSE / NSE listing is completed.
VERY IMPORTANT - Mr. Jas Mohan Singh said that there were around 800 folios of Frick India where shareholders were not encashing their Dividend Warrants . Earlier , the Govt required the company to transfer only the Dividend amount to the Govt. NOW the Govt is asking the company to transfer such shares of dormant accounts to the Govt.He appealed to all shareholders to encash their Dividend Warrants.
As all the internal share holding disputes among Promoters , now , stand amicably resolved and court cases withdrawn Frick India would see very fast growth in all spheres the next few years . The true potential of Frick India was earlier constrained because of these disputes .
( On the Sidelines )
Share Dealers had also come. They wanted to buy . They started their buying bid from Rs.2700 and later was raised to Rs. 3200. Some Shareholders said that they would sell at Rs 5000/- One came down to Rs. 4500 ( probably in Physical ) This deal may have been struck around Rs 4200 ( not certain )
Nearly all other shareholders present said they would prefer to Hold at least till Listing in BSE / NSE. The consensus was a rate of Rs.10,000 on listing.
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