September 09, 2017

Frick India- AGM -2017- Highlights

Frick India AGM was held on Friday, 08/09/2017 at Faridabad ( Haryana ).

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As all the internal share holding disputes among Promoters , now , stand amicably  resolved and court cases withdrawn Frick India would see very fast growth in all spheres the next few years .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 .


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(  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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It appears some shares of Frick India are available with Dealers of Unlisted / Delisted Shares  (Please Recheck this ).

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Important : Please do not take Any Investment Decision based on the above stated analysis. Please only do a further Self Study'

It would be better to wait for BSE / NSE listing  for a clearer picture
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old post

  

Frick India-Annual Report-2016-17

for more on Frick India, please click

http://www.rareindianshares.info/2017/08/frick-india-super-q1-2018-results-eps.html

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General Warning : Investment in Shares Can be Injurious to Your  WEALTH 
Caution :The blog writer has personal/ family members' holdings in this company , so please make suitable "provisions " for likely over optimism
( NB : All information given in good faith. Please recheck all facts. No responsibility taken by this author / blog . )

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