March 20, 2021

Latest Developments -Important Dalmia Refractories Merger- Video- Court Meeting -Shareholders Must Attend.

 

 Latest Developments / New Post

April 07, 2021

Dalmia Refractories - Victory For Public Shareholders- Fresh Date to be Announced

 Congratulations

1 . 

Please refer to Para 1 Page 1 of the Intimation letter  dt. 05/04/2021

 As demanded by Public sharehold ers , Dalmia Refractories have dropped the move to transfer the entire business of the merged manufacturing entity  Dalmia Bharat Refractories Limited to its its Subsidiary Company namely Dalmia OCL Limited i.e. DOL.

THIS MEANS THAT THE MERGED ENTITY  DALMIA BHARAT REFRACTORIES LTD WOULD NOT BECOME MERELY A HOLDING CO. 

DALMIA BHARAT REFRACTORIES LTD WOULD BE THE MANUFACTURING CO.


DALMIA BHARAT REFRACTORIES LTD WOULD BE LISTED .

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2 .

BSE Listing to be CONSIDERED 

Please refer to Para  6 ;7 of  Page no. 22 of the Revised Scheme attached with  Intimation Letter dt . 05/04/2021

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Fresh Date of Meeting to be Announced

Please refer to Last Para , Page 2 of Intimation Letter dt. 05/04/2021

DOWN LOAD intimation letter / revised Scheme 

First click ;-

https://www.msei.in/markets/equity/get-quotes/default?symbol=DALMIAREF&series=EQ

Then for PDF Download 

 
Disclosure U/R 30 Of SEBI (LODR) Regulations 2015
06-Apr-2021

 

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OLD / Original  POST- 

NOW RELEVANT ONLY FOR INFORMATIONAL  PURPOSES

April 07, 2021

Register Today -Dalmia Refractories Merger- Video- Court Meeting -Shareholders S

 OLD POST

 

April 05, 2021

Dalmia Refractories Merger- Video- Court Meeting -Shareholders Should Register from 07/04/2021 to 09/04/2021 

To Register 

Click 

https://emeetings.kfintech.com/  

Log in 

Login with your eVoting Credentials

 

Shareholders of Dalmia Refractories should vote in favour of the merger as . it appears , this would lead to better market rate of their shares .

BUT THEY SHOULD DEMAND FOLLOWING AMENDMENTS / CHANGES

1 They should demand that the Merged New Company Dalmia Bharat Refractories Limited i.e. DBRL must be listed in NSE / BSE . The current provision of listing of the  Merged New Company in Metropolitan Stock Exchange and Calcutta Stock Exchanges is meaningless as both Metropolitan Stock Exchange and Calcutta Stock Exchanges do not have any Equity Trading .

2 . As per the current / circulated Scheme  the merged operations of Dalmia Refractories and OCL Refractories would first come under Dalmia Bharat  Refractories Limited- DBRL and then there would be a  TRANSFER of the entire business to DBRL's Subsidiary Company namely Dalmia OCL Limited i.e. DOL

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IMPORTANT IMPLICATIONS

A.  Thus Dalmia Bharat Refractories Limited i.e. DBRL would become ONLY a HOLDING company.

B .Current Shareholders of Dalmia Refractories are getting shares of Dalmia Bharat Refractories Limited i.e. DBRL 

  C- Only Dalmia Bharat Refractories Limited i.e. DBRL i.e. Holding Company 's shares would be listed

THERE SHOULD BE NO TRANSFER OF ANY BUSINESS TO  DALMIA OCL LIMITED 

THIS LAST PART OF THE TRANSFER SHOULD BE DROPPED FROM THE WHOLE SCHEME

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Making the Listed  Dalmia Bharat Refractories Limited i.e. DBRL only a HOLDING COMPANY is not in the interest of Non Promoter Shareholders .

It may be suiting the Promoters 

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Steps to be taken by Dalmia Refractories shareholders;-

FIRST --PLEASE REGISTER YOURSELF WITH YOUR WITH YOUR OBJECTIONS BETWEEN 07/04/2021 - 9 AM TO 09/04/2021 - 5 PM

For full procedure 

Page 6 ,Point 24 , Sub point 5 of PDF Notice 

For PDF Notice first click ;-

https://www.msei.in/markets/equity/get-quotes/default?symbol=DALMIAREF&series=EQ

Type Dalmia Refractories Limited 

then for Download please click ;-

 Notice
15-Mar-2021

then 

click on Notice of Meeting For  Shareholders on page 2  ----
Page 6 ,Point 24 , Sub point 5 of PDF Notice 

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Video Court Meeting 

20/04/2021 10M

E Voting from  12 /04 /21 - 9 AM TO 19/04/201 5 PM

PLEASE VOTE IN FAVOUR OF THE SCHEME 

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For COMPLETE MERGER SCHEME  PDF Notice first click ;-

https://www.msei.in/markets/equity/get-quotes/default?symbol=DALMIAREF&series=EQ

 

Type Dalmia Refractories Limited 

then for Download please click ;-

 Notice
15-Mar-2021

then 

click on Notice of Meeting For  Shareholders on page 2

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OLD POST


.

January 28, 2020

Dalmia Refractories Merger Update

Dalmia Refractories Limited informed to the Exchange regarding update with respect to Scheme of Amalgamation and Arrangement amongst Dalmia Refractories Limited and GSB Refractories India Private Limited and Sri Dhandauthapani Mines and Minerals Limited and Ascension Commercio Private Limited and their respective Shareholders and Creditors.

https://www.msei.in/ListingData/2020/DALMIAREF/AN/200103_DALMIAREF_AN_01.pdf


It appears some shares of Dalmia Refractories are available with Dealers of Rare Indian Shares  (Please Recheck this ).

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OLD POST

November 15, 2019


Merger of Dalmia Refractories , Refractories Unit of Dalmia Cement Bharat

https://www.bseindia.com/xml-data/corpfiling/AttachLive/59009ab2-128e-443d-b03a-e214a060244b.pdf

Dalmia Refractories Limited ("DRL") and Dalmia Cement (Bharat) Limited ("DCBL") , at their respective Board meetings held on 14th November 2019, have approved Schemes of Arrangement through which their respective refractory businesses will be consolidated under a single operating entity, which is proposed to be renamed as *Dalmia OCL Limited (“DOL"). This entity (DOL) in turn would be held by a holding company, which is proposed to be renamed as *Dalmia Bharat Refractories Limited ("DBRL"). 

DBRL would initially be listed on Calcutta Stock Exchange and Metropolitan Stock Exchange of India, the exchanges on which DRL is currently listed.

.Pursuant to the Scheme, DRL will be amalgamated with SDMM 


768 (Seven Hundred and Sixty Eight) Equity Shares of the face value of INR 10/- each of SDMM, credited as fully paid-up, shall be issued and allotted for every 100 (One Hundred) Equity Shares of the face value of INR 10/- each held in DRL


SDMM is an entity identified to carry out the refractory operations of the Dalmia Cement (Bharat) Limited (‘DCBL’). Pursuant to a separate Scheme of Arrangement between DCBL and SDMM and their respective shareholders and creditors, the refractory business of DCBL will be transferred to SDMM in the manner and on terms set out in that scheme (“Scheme 1”). The Appointed Date for Scheme 1 is April 1, 2019.

For Complete Notification  and Q2-2020 Results, please click :-

https://www.msei.in/ListingData/2019/DALMIAREF/AN/191114_DALMIAREF_AN_01.pdf

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NEW POST

November 16, 2019


Dalmia Refractories Share Valued at Rs.955 / Share in Merger Plan -PLEASE RECHECK INDEPENDENTLY ALSO

Please refer to Page  3 

 https://www.msei.in/ListingData/2019/DALMIAREF/AN/191114_DALMIAREF_AN_01.pdf


Valuation of Dalmia Refractories put at Rs. 301  crore

Share Capital of Dalmia Refractories = Rs. 3 cr 15 lakh

So , Value per share = Rs.955 per share

Further , the merged new entity  would have combined Refractories business of present Dalmia Refractories and Dalmia Cement Bharat Limited

As Dalmia Cement Bharat Limited is currently listed in BSE / NSE it stands to reason that shares of SDMM may, also , be listed in BSE / NSE as SDMM , also , would have the demerged Refractory business of a listed Company i.e.Dalmia Cement Bharat.



So , by no stretch of imagination can a BSE / NSE listed Company / its Unit , as in this case, be merged in company which would remain listed only in Calcutta Stock Exchange and Metropolitan Stock Exchange ( both are Inoperational Stock Exchanges ).
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Blog OBSERVATIONS ( PLEASE RECHECK / RECALCULATE INDEPENDENTLY ALSO


1 ) For Dalmia Refractories shareholders it appears to be a Bonus Issue

2 ) There would be ultimate Listing in BSE / NSE of the amalgamated Company. This would mean great Value unlocking for shareholders of Dalmia Refractories. Bonanza for Dalmia Refractories shareholders ? ( PLEASE RECHECK / RECALCULATE INDEPENDENTLY ALSO )


CAUTION- PLEASE DO NOT TAKE ANY INVESTMENT DECISION BASED ON THE ABOVE STATED  CONJECTURES . 

PLEASE DO ONLY A FURTHER SELF STUDY

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Blog Comments ( PLEASE RECHECK INDEPENDENTLY )

SDMM would be renamed Dalmia Bharat Refractories Limited ("DBRL"). - Holding Company
ACPL would be renamed as Dalmia OCL Limited (“DOL").-with combined Refractory business of present Dalmia Refractories and Dalmia Cement Bharat Limited

As Dalmia Cement Bharat Limited is currently listed in BSE / NSE it stands to reason that shares of SDMM may, also , be listed in BSE / NSE as SDMM , also , would have the demerged Refractories business of listed Dalmia Cement Bharat.

So , by no stretch of imagination can a BSE / NSE listed Company / its Unit , as in this case, be merged in company which would remain listed only in Calcutta Stock Exchange and Metropolitan Stock Exchange ( both are Inoperational Stock Exchanges ).

----------------

Blog OBSERVATIONS ( PLEASE RECHECK INDEPENDENTLY )

CAUTION- PLEASE DO NOT TAKE ANY INVESTMENT DECISION BASED ON THE FOLLOWING CONJECTURES . PLEASE DO ONLY A FURTHER SELF STUDY

1 ) For Dalmia Refractories shareholders it appears to be a Bonus Issue

2 ) There would be ultimate Listing in BSE / NSE of the amalgamated Company. This would mean great Value unlocking for shareholders of Dalmia Refractories. Bonanza for Dalmia Refractories shareholders ? ( PLEASE RECHECK INDEPENDENTLY )

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General Warning : Investment in Shares Can be Injurious to Your WEALTH

Disclosure : The Blog writer in his / family names has  holdings in this Company So please make suitable " provisions " for any likely Over Optimism


NB :All information given in good faith. Please recheck every point before taking any investment decision. No responsibility with this Blog or Blog Writer

 

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