December 23, 2022

Dalmia Bharat Refractories Shareholders Write to Ministry of Corporate Affairs to Seek Justice

                   COPY OF COMPLAINT



From ;-                                                                                                                       Dt.

                                                                                                                                    By Speed Post




Ministry of Corporate Affairs

"B-1" Wing, 2nd Floor, 

 Paryavaran Bhawan,  

CGO Complex, Lodhi Road,  

New Delhi- 110003.


Dear Sirs,

Sub ; Complaint against Dalmia Bharat Refractories Ltd - Regd office Dalmipuram - Tamil Nadu Pin 621651

1 hold shares of Dalmia Bharat Refractories in DP ID

My PAN is   attested copy enclosed ,herewith 

My complaints

1. At the time of  Merger of erstwhile Dalmia Refractories with  OCL Refractories , Promoters had assured shareholders that share of Dalmia Bharat Refractories would be listed at BSE.  But even after nearly a year there is no BSE listing.

2. The recent move by Dalmia Bharat Rerfractories to sell its 5 Indian units to RHI Magnesita India  has given this company a windfall profit. But the scheme of  transfer of Units has been so devised that public shareholders of Dalmia Bharat Refractories get no benefit or any share of profits by way of dividend/ buy back. Please investigate the deal.

3 Presently , public shareholders of Dalmia Bharat Refractories have no way of exiting / monetising their investment as the management has listed shares of Dalmia Bharat Refractories  at Metropolitan Stock Exchange and     Calcutta Stock Exchange in which  Stock Exchanges there is no share trading. Please direct Dalmia     Bharat Refractories to make an Open Offer to public shareholders of     Dalmia Bharat Refractories.

Thanking you,

With Regards,

 Yours faithfully,


Encls Self Attested  Copy of  PAN Card


No comments: