May 19, 2026

Dalmia Bharat Refractories - 2025-2026 Results

 Please click ;-

https://www.dalmiaocl.com/documents/Outcome-of-Board-Meeting_19.05.2026.pdf 

Blog Credit to ;-

 Mr. Vijay, Jalandhar , m 7009409142

himanshusoi478@gmail.com

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OLD POSTS

 

February 17, 2026

Dalmia Bharat Refracttories BV Rs.665+ Fractions Paid at VERY Low Rs 171.89 p Per Share

 Please click ;

https://www.msei.in/MeetingAnnouncement/DALMIARF/Company%20Update/2026216/16022026_DALMIARF_01.pdf 

 

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Blog Comments

1. There is no treading in Metropolitan Stock Exchange.

2.Book value is Rs.665 + per share 

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OLD POSTS

 

April 09, 2024

Dalmia Bharat Refractories. Book Value Rs.665 /38 Worked Out by Analysts / Dealers

 Please click -

https://www.planify.in/research-report/dalmia-bharat-refractories-limited/

 Blog Credit to ;-

 Mr. Vijay, Jalandhar , m 7009409142

himanshusoi478@gmail.com

==

Blog Request  Please Recheck All Details

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OLD  POSTS

 

March 19, 2024

Dalmia Bharat Refractories Becoming like Dalmia Grup's Tata Investments / Bajaj Holdings / Nalwa Sons

 

 Dalmia Bharat Refractories has become Dalmia Group's Holding ComPANY

 Huge Investments in Hippo Stores

Please click ;-

https://drive.google.com/file/d/1CzY7bYRIDW35WCgHndx8UCkdkp52OZDJ/view?usp=sharing

https://drive.google.com/file/d/1_spvoURdOfxvtCJcczSQUSL45_QHkeic/view?usp=sharing

 Blog Credit to ;-

 Mr. Vijay, Jalandhar , m 7009409142

himanshusoi478@gmail.com

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Hippo Stores site

https://www.hippostores.com/ 

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OLD POSTS

February 16, 2024

Dalmia Bharat Refractories - Rs 676 / 50 p per share Valuation by Company's Calculations

 

Fantastic Official Valuation and Hidden Assets

Please refer to Page 5 , Point 16;2 of the link 

https://www.dalmiaocl.com/documents/Valuation_Report.pdf

Share Exchange Ratio between Dalmia Bharat Sugar and Dalmia Bharat Refractories

https://www.dalmiaocl.com/documents/Scheme_of_Arrangment.pdf

 Blog Credit to ;-

 Mr. Vijay, Jalandhar , m 7009409142

himanshusoi478@gmail.com

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

 OLD POSTS

February 06, 2024

Dalmia Bharat Refractories -Share Trading Around Rs. 250 in Unlisted Market Excellent Q3- 2024 Results . Merger of some Dalmia Sugar Units

 For Q3 -2024 , please click ;-

https://www.msei.in/MeetingAnnouncement/DALMIARF/Outcome%20of%20Board%20Meeting/202422/02022024_DALMIARF_01.pdf

 Blog Credit to ;-

 Mr. Vijay, Jalandhar , m 7009409142

himanshusoi478@gmail.com

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Merger of some Units of Dalmia Bharat Sugar

https://www.msei.in/MeetingAnnouncement/DALMIARF/Company%20Update/202422/02022024_DALMIARF_03.pdf

 

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Because of Demerrger ,shareholders of Dalmia Bharat Sugar , which id listed in NSE and BSE would get shares of Dalmia Bharat Refractories ,which is a defacto Unlisted share , So Dalmia Bharat Refractories ' share would get listed in BSE / NSE

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Dalmia Bharat Refractories Listing - SEBI new Rules

SEBI New Listing rules

Time period for trading and listing of securities post merger/demerger has been extended by 15 days {i.e. earlier time period of 45 days (Trading in Securities) has been extended to 60 Days (which includes both listing & trading of Securities} from the date of NCLT order.

https://www.corporateprofessionals.com/regulatoryupdate/amendment-to-the-sebi-circular-relating-to-scheme-of-arrangement-involving-listed-companies/ 

 Important ; 

 Dalmia Bharat Sugar is listed in BSE / NSE. 

 Dalmia Bharat Refractories has been listed at Calcutta Stock Exchange and Metropolitan Stock Exchange , which have no share trading .

EXPERTS OPINE THAT INVESTORS OF DALMIA BHARAT CANNOT GET SHARES OF OF NON OPERATIONAL STOCK EXCHANGES LISTED COMPANY.

SO THERE WOULD BE   NSE / BSE LISTING OF DALMIA BHARAT REFRACTORIES

Please Recheck this.

As such there are , now , no sellers ,     in the Unlisted Market , of shares of  Dalmia Bharat Refractories even at Rs. 200 / share

Blog Caution 
PLEASE RECHECK INDEPENDENTLY. 

CAUTION- PLEASE DO NOT TAKE ANY INVESTMENT DECISION BASED ON THESE  POINTS  .

PLEASE DO ONLY A FURTHER SELF STUDY

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January 12, 2024

Dalmia Bharat Refractories Exciting Prospects in Magnesia Carbon and Birla Tyres

  Please click ;-

https://drive.google.com/file/d/14SJxu6Pb6qiZIUO79xM4bzkn31qlePsl/view?usp=sharing

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December 23, 2023

Dalmia Bharat Refractories Shareholders Demand Allotment of Dalmia Bharat shares on Proportionate Basis

 Dalmia Bharat Refractories  which already held a sizable holding in Dalmia Bharat Limited has  further 6  lakh 53 , 000 shares of Dalmia Bharat at Rs. 2201 / share.

https://www.msei.in/MeetingAnnouncement/DALMIARF/Company%20Update/20231222/22122023_DALMIARF_01.pdf 

 Shareholders of Dalmia Bharat Refractories are demanding that the holding of Dalmia Bharat be allotted to shareholders of Dalmia Bharat Refractories , on a Prorata basis as a Bonus issue

Dalmia Bharat Ltd is Listed in BSE /NSE whereas Dalmia Bharat Refractories shares are defacto Unlisted.

Hence , shareholders of Dalmia Refectories will have an opportunity to en cash some part of their holdings in BSE / NSE.

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'What is going on in Dalmia Bharat Refractories and Metropolitan Stock Exchange'-? Investors are  asking.

1  Had Dalmia Bharat Refractories , which is Rs. 10 paid up ,been listed at BSE / NSE its rate would have been upward of  Rs. 500 .?

2 . Why is Dalmia Bharat Refractories avoiding BSE / NSE listing. ?

3 . How is Metropolitan Stock Exchange showing transactions at Rs. 165 , when there are trades in the Unlisted Market at around Rs. 250 ?

4 How is Metropolitan Stock Exchange showing deals n Dalmia Bharat Refractories shares when there is no Equity trading there ? ,

--

 Considering the bright future of Dalmia Bharat Refractories in Magnesia Carbon , Birla Tyres , investment , inter alia , in shares of Dalmia Bharat and RHI Magnesita  , it is being discussed in Investors ' circles that share price of  Dalmia Bharat Refractories would , from present Rs. 250 , zoom past Rs. 500 . - PLEASE RECHECK THIS INDEPENDENTLY BEFORE TAKING ANY INVESTMENT DECISION. NO RESPONSIBILITY WITH THIS BLOG.

  Shares of  of RHI Magnesita ,in which Dalmia Bharat Refractories has a a large holding are around Rs ,725 per Share.

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Dalmia Bharat Refractories - Promoters Sell Stake to Another Group Company at Rs. 427 /share

 

Please click ;- 


 https://www.bseindia.com/xml-data/corpfiling/AttachLive/8fba22df-82d3-45d6-836c-076dd281a0d9.pdf

 

The remaining   Non Promoter shareholders should also get a Buy back offer / Exit Option at Rs. 427 per share. There has been a Change of Promoters

 

Further , there should be immediate BSE listing , as was promised by the Promoters at the time of merger of Dalmia Refractories and OCL Refractories.

 

Investors are shocked to see that Dalmia Bharat Refractories has been listed at Calcutta Stock Exchange , which has no share trading and Metropolitan Stock Exchange .

 

How come Metropolitan Stock Exchange was reporting, a few days back , share transactions of Dalmia Bharat Refractories at Rs. 150 / share ,where as Promoters are selling their shares at Rs.427 / share.

 

Investors are demanding a full enqiry .

 

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Dalmia Bharat Refractories- Why Promoters Not Buying From Metropolitan Stock Exchange ?

 Dalmia Bharat Refractories' promoters are Buying / Selling its shares at Rs.  427/ share. 

Metropolitan Stock Exchange is reporting share transactions of Dalmia Bharat Refractories around Rs 160 / share. 

It makes a perfect Business sense for Promoters to buy more of these shares  from Metropolitan Stock Exchange at these rates.

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November 07, 2023

Dalmia Bharat Refractories-Gets Demerged Birla Tyres Unit- Lottery ? DBRL Rate Shoots Up- PLEASE RECHECK THIS INDEPENDENTLY

 Birla  Tyres  Unit to be demerged with Dalmia Bharat Refractories

Please click ;-

https:// drive.google.com/file/d/19EEQP4FoCII-uepGdcPXwEhbaxFjkyYK/view?usp=sharing

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Birla Tyres - Lottery ? Also for Dalmia Bharat Refactories - Acquired at Rs 347 cr Relacement cost Rs.3100 cr

 

https://www.bseindia.com/xml-data/corpfiling/AttachHis/aa95abfa-674b-40a5-8cf7-111ff3110015.pdf

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Some shares of Dalmia Refractories are available with Dealers of Rare Indian Shares  .

BLOG DISCLAIMER


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

Disclosure : The Blog writer in his / family names has  holdings in Dalmia Bharat Refractories  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

Cybertech Limited Shares Trade in Unlisted Market

 Financials -Please Recheck Also

https://wwipl.com/unlisted-shares/63sats-cybertech-share-price/financial

 

May 17, 2026

Jagadhri Light Railway Company Limited - Now History

Light Railway of Jagadhri - Cententary in 2011

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Light Railway Steam Engine ( For Illustration Only _


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Light Railway ,  of Jagadhri was inaugurated on 11 th August ,1911. It continued till around 1950 when it stopped operations .Coming of Motor Cars / Buses / Trucks made the Light Railway lose its economic viability .


Light Railway  used to run between main Jagadhri ( Yamunanagar ) railway station to Matka Chowk ( Gaushala ) ( also , called Chhoti Line in local parlance ) in old Jagadhri town  , a distance of 5 km.

Gauge of Tracks of Light Railway Jagadhri 2 '.i.e. 610 mm ( equivalent to Darjeeling Himalayan Line ).


Gauge of Narrow Gauge  Kalka - Shimla Railway Line is 2' 6" ). Otherwise  normal Indian BROAD GAUGE is 5 feet 6 inches

https://en.wikipedia.org/wiki/Project_Unigauge#/media/File:Project_Unigauge_(India).svg

The main line ( broad gauge ) was under NWR ( North Western Railway ). Main station  broad gauge line connected most important cities like Howrah ( Kolkata ) and Kalka , Mumbai and Amritsar , Lahore and Landi Kotal ( Peshawar ). VIP trains of those times like the Frontier Mail and Kalka Mail passed ( and still do ) through Main Jagadhri station.

Yamuanagar before 1947 was known as Abdullapur.

When the railway started , on the first day of its operation there was free Joy Ride for all.

Around 1930 the fare was one anna. ( One Rupee = 16 annas ).

The top speed of the Passenger trains was around 15 KM / Hour . It took 20 to 25 minutes for one way 5 Km journey.

There were a couple of manned railway crossings ( Phataks ) and a couple of Halts en route.

Light Railway passenger trains ran their schedules ( like Shuttle trains ) in  co ordination with important train stoppages at the Main Yamunanagar Stations

At Jagadhri Terminus , goods could be booked even for connecting destinations of Broad gauge ( example from Jagadhri town to Kolkata ). Railway Receipt ( RR ) were issued . Similarly , composite  passenger tickets / reservations were available for onward Broad Gauge destinations in India.

===========================================

The Light Railway was a privately owned enterprise ( by the Raja family of Jagadhri ) named " JAGADHRI LIGHT RAILWAY COMPANY LIMITED ".

.. The Jagadhri Light Railway CompanyLimited, was a joint stock company having its ... It had a fully paid-up capital of Rs1,20,000 divided into 600 shares of Rs. 200 each.

======================================================


There still exists a ( Light ) Railway Bazar in Jagadhri but no railway station or railway line. The line has gone and so have gone nearly all the traces of the railway line.

Platform no. 1 at the Main  Jagadhri ( Yamunanagar ) station was originally the terminus platform of the   Light Railway . After the closure of the Light Railway this terminus was redone to incorporate it with the Main Line station . But some traces of the old Light Railway terminus and goods yard are still visible . Even today nearly all important trains pass through Platforms No . 2 and 3 and not No. 1 ( i.e. the old Light Railway Platform / terminus  )






RAILWAY LINE FROM YAMUNANAGAR TO JAGADHRI


There are some traces of the Light Railway at the Jagadhri ( Yamunanagar ) Railway Station  from the Station Masjid towards the Main Radaur Road railway crossing ( Sugar Mill )


After Main Radaur Road Railway Crossing ( Phatak ) at Yamunanagar , the rail track entered the compound of the Paper Mill ( it passed through the front open ground of the Paper Mills. There was a Phatak within the Mill.

After leaving the Paper Mill , the track more or less , ran parallel to the Main   YamunaNagar ( Railway Station ) -Jagadhri ( Chhuchhrauli )  Dual Road .

After closure of the Light Railway its track was removed and the alignment was converted to a Road.

Now , shops / houses have come up on both sides to the erstwhile railway track ( Model Town on Yamunanagar side ) . Paper Mill closed the entrance points of the Light Railway on its both sides )

Present day Pics ( from Yamunanagar Onwards to Jagadhri )


JAGADHRI ( YAMUNAGAR )

Old Light Railway Yard



Old Light Railway Terminus Redone ( Platform No. 1 )
Road Between Station  Masjid and Radaur Road Yamunanagar Bazar ( This Road is on the Light Railway track ))
Light Railway From Yamunanagar Railway Station to Paper Mill  Compound )
Iron Pillars near Station Masjid mark the alignment of Light Railway Track
After this PAPER MILL


AFTER LEAVING PAPER MILL COMPOUND ( towards Jagadhri )








Jagadhri ( Matka Chowk ) What used to be old Terminus 


Old Jagadhri Terminus. There was a marshalling yard for goods train ( where loading / unloading was done   ) and a Turntable / Wheelhouse ) for turning the sides of the engine.

     An Example of Turntable  ( for guidance only , may be like this in Jagadhri)

https://en.wikipedia.org/wiki/Railway_turntable#/media/File:Wagon_turntable.jpg

For How Shimla Narrow Gauge Turntable works ( for Guidance only )

https://www.youtube.com/watch?v=Afk4-luoT5M
===========================================


Jagadhri Light Railway , with steam engines  / Track some what like this Darjeeling Line :-

http://specials.rediff.com/getahead/2007/apr/10sld8.jpg



      or

http://i0.wp.com/128.199.141.55/wp-content/uploads/2015/12/baripada.jpg

          or

http://gscaletrains.yolasite.com/resources/no8450x339.jpg


=============

Example s ( Videos ) For Demonstration Only

https://www.youtube.com/watch?v=ZJhrwfqVack&nohtml5=False

https://www.youtube.com/watch?v=jLcHoJNedvw&nohtml5=False

==========================

Light Railway Steam Engine Train ( Representational / For Example Only )


 

Altius Investment on Mohan Meakin - Message Received

Blog Disclaimer  ; Message as Received. 

Please Recheck all facts

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

MESSAGE

 

 

Mohan Meakin: A Legacy Beverage Player Driving Profitable Growth


Pleased to present Mohan Meakin Limited, one of India’s oldest and most established beverage companies, with a diversified presence across alcoholic and non-alcoholic segments

 

Financial Performance – 9M FY26

  • The company reported revenue of ₹1,683.20 Cr, up +9.3% YoY, reflecting steady demand across segments.
  • EBITDA rose sharply to ₹167.8 Cr, up +56.5% YoY, indicating strong margin expansion.
  • PAT surged to ₹116.6 Cr, up ~67.6% YoY, significantly outpacing revenue growth and highlighting operating leverage.
  • The alcoholic segment remained the key driver, with revenue at ₹1,671.63 Cr (up +9.4%) and segment profit rising +56.4% to ₹167.76 Cr, showing sharp improvement in core profitability.
  • A major shift in cost structure supported margins, with excise duty declining by ₹300.53 Cr while purchase costs increased by ₹332.41 Cr, resulting in only a ~₹31.88 Cr net cost increase despite ₹143.12 Cr revenue growth, driving PBT margin expansion from 6.07% to 9.28%.
  • Overall, the 67.6% YoY jump in PAT was driven not just by growth but by strong margin expansion, improved segment profitability, and non-operating income support.

 

Here’s table below showing how Mohan Meakin compares with its peers in the Indian market.

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Altius Investment on IKF Finance’s FY26 Performance - Message Received

Blog Disclaimer  ; Message as Received. 

Please Recheck all facts

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

MESSAGE

 

 

 

.
..

 

IKF Finance Limited recently reported a strong FY26 performance, reflecting…

͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ 

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Decoding IKF Finance’s FY26 Performance

 

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IKF Finance Limited recently reported a strong FY26 performance, reflecting consistent growth, operational discipline, and a clear focus on inclusive financing.

Company Overview

With over three decades of experience in asset financing, IKF Finance has evolved into a diversified Non-Banking Financial Company (NBFC) serving underserved segments across India. The company continues to strengthen its presence across vehicle finance, MSME lending, and housing finance, driven by a deep understanding of grassroots credit needs and a commitment to financial inclusion.

IKF Finance primarily focuses on asset-backed lending segments such as commercial vehicles, construction equipment, MSME loans, and affordable housing. Its model combines a strong on-ground presence with increasing digital integration, enabling efficient credit delivery across semi-urban and rural markets.

Operating in a structurally underpenetrated credit market, the company benefits from rising financial awareness, improving rural demand, and supportive macroeconomic trends. Its localized underwriting expertise, strong lender relationships, and continued capital infusion position it well to capture future growth opportunities.

Overview Highlights:

·        Over 35+ years of experience in asset financing

·        Diversified NBFC with presence across 9 states

·        AUM of ~₹6,662 crore as of March 2025

·        Consolidated PAT of ₹143 crore in FY25

·        Strong asset quality with GNPA at ~2.2% and NNPA at ~1.3%

·        Extensive network of 230+ branches and 50+ lending partners

...

 For any assistance, feel free to contact our support team at +918240614850 or support@altiusinvestech.com