September 30, 2019

Ban All Face Value Consolidations to Higher Denominations

Aggrieved Shareholders should form a Whats App Group

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September 30, 2019

Simpson and Co. Consolidates Share to Rs.2500- Small Shareholders Feel Cheated

Simpson & co Ltd face value consolidation to Rs 2500.

We all should unite and fight
.


Dilip Surana
Strides Financial Services
"Arihant Plaza"
84-85,Wall Tax Road, Ist floor
Park Town, Above SBI
CHENNAI 600003
Phone No 044-25350312, 25350313
Fax No  044-42371148
Mobile 9840278351      95000 95121
dilipmsurana@gmail.com

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Whereas Split of the face value of one share to a Lower denomination should be allowed ,Consolidation to a Higher Denomination should be absolutely banned by SEBI.

Consolidation to a Higher Denomination was done by Binani Metals, Rasoi Limited , attempted by Digvijay Finlease ( later withdrawn under Public shareholders' pressure ) and , now, being attempted ( but opposed by shareholders ) of Macrofil Investments Ltd ( a Nusli Wadia Company ).

Macrofil InvestmentsLimited ( Nusli Wadia Promoters Holding Investment Company )

Macrofil Investments is an Investment Holding Company of Nusli Wadia group ( Bombay Dyeing, Britannia , Bombay Burmah , National Peroxide etc ).


Marofil Investments holds ( on a very small capital base of Rs.44 Lakh ) inter alia one third of National Peroxides' Equity.

In the last one year Market price of shares of National Peroxide has gone up from Rs. 600 to Rs.2000.

Macrofil Investments has , very cleverly , devised a plan to consolidate face value of one share from Rs. 10 to Rs. 5000.

All the Non Promoter shareholders would be evicted.

The rate set by so called is around Rs. 3400 per share. 


This has been worked out by Valuers appointed and paid by Macrofil Investments.

The realistic rate should be Rs. 10,000 + ( for Rs.10 share ).

file:///C:/Documents%20and%20Settings/admin/My%20Documents/Downloads/EGM%20NoticeMacrofil%20(2).pdf 

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2 comments:

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Anonymous said...

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Anugraha Valve Castings Limited
Aricent Technologies (Holdings) Limited
Atlas Copco India Ltd
Bharat Hotels Limited
Camac Commercial Company Limited
Carrier Airconditioning & Refrigeration Limited
Catholic Syrian Bank Ltd (CSB)
Healthcaps india
Hindusthan Engineering & Industries Limited
India Carbon Limited (ICL)
Indian Commodity Exchange Ltd (ICEX)
KANNUR INTERNATIONAL AIRPORT
KURLON ENTERPRISES
Kurlon Limited
MIL INDIA
Nayara Energy Ltd (formerly Essar Oil)
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PL CONTACT FOR SELLING ABOVE SHARES AT ATTRACTIVE RATES.


WE ARE ALSO BUYING ALL OTHER SHARES DELISTED/UNLISTED PREFERABLY IN DEMAT MODE


PL CONTACT US ON OUR MAIL ID

nileshskotak@gmail.com

or call or whatsapp on 08866004076