Novopan Industries -Annual Results- 2016-17

Novopan has stopped production at all three plants and has disposed off its machinery.

For the Year Ended 31/03/2016

Other come Rs 5 cr 78 lakh

Gross profit  Re. 1 cr 24 lakh

Net profit Re 1.cr 22 lakh

EPS :  ( Re.0 / 31 p ) 

As on 31/03/16

Share Capital: Rs.38 cr 90 lakh

Reserves : MINUS ( Rs.10 cr 67 Lakh )

 32 nd AGM on 29/09/16 at 4 ; 30 pm Secunderabad

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

Novopan Industries Delisted in 2014 at a Delisting Price of Rs.40 /-

Promoters , now , hold 98% of Equity

.

Promoters Still Buying Back .

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

Blog : Novopan Industries holds valuable land bank on its Ex facotories.

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

.OLD POST

2013- News Report

http://www.thehindubusinessline.com/companies/novopan-industries-to-delist-shares-from-exchanges/article5022118.ece

Current News

http://www.bseindia.com/corporates/anndet_new.aspx?newsid=c6af6823-60fd-4547-ba40-0faf05bd69e1

Delisting Offer in PDF

http://www.moneycontrol.com/livefeed_pdf/Aug2014/Novopan_Industries_Ltd_010814.pdf

Novopan India is part of the well known GVK group

http://www.thehindubusinessline.com/markets/delisting-to-keep-novopan-in-focus/article6335569.ece

For official Novopan Site


http://www.novopan.in/finacial_overview.html

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

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 . )

Novapan Industries 2017-18 Financials

Novopan Industries -Annual Report- 2017-18

For the Year Ended 31/03/2018

Sales : Nil

Gross Loss Re.1 cr 39 lakh

Net Loss Re.1 cr 44 lakh

Novopan Industries Delisted in 2014 at a Delisting Price of Rs.40 /-

Promoters , now , hold 98 : 11 % of Equity

Exit Offer ended on 09/11/2015

Promoters Still Buying Back .

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

OLD POST

September 24, 2016

Novopan Industries -Annual Report- 2015-16

For the Year Ended 31/03/2016

Sales : Re 1 cr 04 lakh

Gross Loss Rs. 7 cr 14 lakh

Net Loss Rs.8 cr 68 lakh

EPS : MINUS ( Rs.2 /23 p ) 

As on 31/03/16

Share Capital: Rs.38 cr 90 lakh

Reserves : MINUS ( Rs.11 cr 89 Lakh )

 31 st AGM on 20/09/16 at Secunderabad

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

Novopan Industries Delisted in 2014 at a Delisting Price of Rs.40 /-

Promoters , now , hold 97:9 % of Equity

Exit Offer ended on 09/11/2015

Promoters Still Buying Back .

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

.OLD POST

2013- News Report

http://www.thehindubusinessline.com/companies/novopan-industries-to-delist-shares-from-exchanges/article5022118.ece

Current News

http://www.bseindia.com/corporates/anndet_new.aspx?newsid=c6af6823-60fd-4547-ba40-0faf05bd69e1

Delisting Offer in PDF

http://www.moneycontrol.com/livefeed_pdf/Aug2014/Novopan_Industries_Ltd_010814.pdf

Novopan India is part of the well known GVK group

http://www.thehindubusinessline.com/markets/delisting-to-keep-novopan-in-focus/article6335569.ece

For official Novopan Site


http://www.novopan.in/finacial_overview.html

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

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 . )

Novopan India Delisting Floor Price Rs.30

Please Click :-

2013- News Report

http://www.thehindubusinessline.com/companies/novopan-industries-to-delist-shares-from-exchanges/article5022118.ece

Current News

http://www.bseindia.com/corporates/anndet_new.aspx?newsid=c6af6823-60fd-4547-ba40-0faf05bd69e1

Delisting Offer in PDF

http://www.moneycontrol.com/livefeed_pdf/Aug2014/Novopan_Industries_Ltd_010814.pdf

Novopan India is part of the well known GVK group

http://www.thehindubusinessline.com/markets/delisting-to-keep-novopan-in-focus/article6335569.ece

For official Novopan Site


http://www.novopan.in/finacial_overview.html

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

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 . )

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

Novopan Industries -Annual Report- 2015-16

For the Year Ended 31/03/2016

Sales : Re 1 cr 04 lakh

Gross Loss Rs. 7 cr 14 lakh

Net Loss Rs.8 cr 68 lakh

EPS : MINUS ( Rs.2 /23 p ) 

As on 31/03/16

Share Capital: Rs.38 cr 90 lakh

Reserves : MINUS ( Rs.11 cr 89 Lakh )

 31 st AGM on 20/09/16 at Secunderabad

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

Novopan Industries Delisted in 2014 at a Delisting Price of Rs.40 /-

Promoters , now , hold 97:9 % of Equity

Exit Offer ended on 09/11/2015

Promoters Still Buying Back .

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

.OLD POST

2013- News Report

http://www.thehindubusinessline.com/companies/novopan-industries-to-delist-shares-from-exchanges/article5022118.ece

Current News

http://www.bseindia.com/corporates/anndet_new.aspx?newsid=c6af6823-60fd-4547-ba40-0faf05bd69e1

Delisting Offer in PDF

http://www.moneycontrol.com/livefeed_pdf/Aug2014/Novopan_Industries_Ltd_010814.pdf

Novopan India is part of the well known GVK group

http://www.thehindubusinessline.com/markets/delisting-to-keep-novopan-in-focus/article6335569.ece

For official Novopan Site


http://www.novopan.in/finacial_overview.html

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

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 . )

Novapan Public Shareholders Compulsorily Bought Out by Promoters @ Rs. 40 / Share

  Novopan Industries Delisted in 2014 at a Delisting Price of Rs.40 /-

Promoters , then held  98 : 11 % of Equity

Exit Offer ended on 09/11/2015

 ------------------------

Ministry of Corporate  Affairs had opposed Exit plan 

https://economictimes.indiatimes.com/markets/stocks/news/mca-opposes-gvk-firm-novopans-exit-plan-for-minority-shareholders/articleshow/72485171.cms

 Delisting Offer in PDF

http://www.moneycontrol.com/livefeed_pdf/Aug2014/Novopan_Industries_Ltd_010814.pdf

Novopan India is part of the well known GVK group

http://www.thehindubusinessline.com/markets/delisting-to-keep-novopan-in-focus/article6335569.ece

For official Novopan Site


http://www.novopan.in/finacial_overview.html

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

After  7 years same rate of Rs.40 given and too for compulsory acquisition   

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

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

Caution :The blog writer had 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 . )

Novopan Industries to Kick out Loyal Remainder Share Holders

Novopan Industries Delisted in 2014 at a Delisting Price of Rs.40 /-

Its Promoters have initiated the process of Compulsory Buying back of remaining shareholders  , by way of NCLT mandated Selected Capital Reduction 

 Share price has  been arbitrarily valued at Rs. 40 ( same at the Exit price determined 5 years back.

 This is totally unacceptable . 

Novopan Industries has very valuable land bank 


EGM for this purpose on 11/05/2019 at Hyderabad

.
===================================

The Valuers etc are all engaged by the Managements and cannot be considered as Unbiased or totally Fair. Affected shareholders should be allowed to have their own valuers / Valuation Reports. 

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

SEBI must intervene. Laws must be changed to protect the small share holders of Unlisted Companies.


http://smartinvestor.business-standard.com/market/story-335029-storydet-Bosch_firm_squeezes_minority_holders.htm

http://www.financialexpress.com/article/markets/indian-markets/companies-shareholders-must-find-common-ground-on-exit-strategies/133280/ 



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

OLD POSTS
Jolly Board , which holds very valuable real estate assets in Kanjur Marg , Mumabi , is also following similar cheap tactic to oust loyal remainder small shareholders.

http://www.rareindianshares.info/2015/11/jolly-board-consolidates-face-value-to.html

========

Suashish Diamonds does the same anti shareholders move :-

http://www.rareindianshares.info/2015/12/suashish-diamonds-to-kick-out-loyal.html

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

Blog Disclaimer : Please Recheck  All Information . All information given in Good Faith. No Responsibility . 

=========

For further case studies  vis - a - vis small shareholders , please consider the following links :-

http://www.suchetadalal.com/?id=175202d7-a5ce-be2f-492fe1477460&base=sub_sections_content&f&t=Essar%27s+Delisted+Saga

 http://www.business-standard.com/india/news/cadbury-raises-buyback-price/421719/

 http://www.moneycontrol.com/news/business/why-didn39t-you-give-fin-projections-to-ey-hc-asks-cadbury_562074.html

http://seekingalpha.com/news-article/1520805-cadbury-kraft-india-one-of-fastest-growing-operations-for-kraft-globally

http://rareindianshares.blogspot.com/2011/01/cadbury-quit-india.html

http://www.gauravblog.com/?p=1277

http://www.kraftfoodscompany.com/in/en/Brands/index.aspx

http://www.rareindianshares.info/2012/07/ecellent.html

http://altaisadvisors.com/blog/2012/07/08/cadbury-india/comment-page-1/#comment-1517

http://www.rareindianshares.info/2012/11/cadbury-india-or-mondelez-international.html

LINK

http://www.rareindianshares.info/2011/01/cadbury-india-limited.html

http://economictimes.indiatimes.com/personal-finance/savings-centre/analysis/small-equity-investor-how-to-safeguard-your-interests/articleshow/21742266.cms?curpg=3

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

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

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

NB :All information given in good faith. Please recheck every point before taking an investment decision.No responsibility with this blog / blog writer

Novopan India to Convert Preference Shares / Loans @ Rs.20

Novopan India , a GVK group Company delisted in 2014

Novopan is , now , issuing Equity shares to GVK Projects And Technical Services Limited at Rs. 10 Premium ( @ Rs. 20  ) in conversion of Compulsory Convertible Preference Shares ( CCP ) and  loans.

Post conversion ,Promoters holding would rise to 97:69 % ( from current 92 : 45 % )

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

http://www.rareindianshares.info/search?q=novopan

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



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 . )

Avery India Kicks Out Remaining Loyal Shareholders

Avery India delisted in 2013.

https://www.business-standard.com/article/markets/uk-promoters-make-delisting-offer-for-avery-india-109061900165_1.html

Now , Avery India has compulsorily bought ( selective reduction of share capital route ) all the remaining Non Promoter shareholders @ Rs.276 / share.

A dividend distribution tax of Rs. 56/73p has been separately paid. 

Had there been no capital reduction this huge dividend distribution tax could have been saved . A sheer wastage of funds just to oust loyal Public shareholders .

The Valuers etc are all engaged by the Managements and cannot be considered as Unbiased or totally Fair. Affected shareholders should be allowed to have their own valuers / Valuation Reports. 

Shares should be bought back only through Reverse Book Building.

Non Promoter shareholders have no faith in "Valuers ".

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

SEBI must intervene. Laws must be changed to protect the small share holders of Unlisted Companies.

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

Disclosure : The Blog writer in his / family names had holdings in Avery India So please make suitable " provisions " for any likely Over Optimism

NB :All information given in good faith. Please recheck every point before taking an investment decision.No responsibility with this blog / blog writer

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

OLD POSTS

April 12, 2019

Novopan Industries to Kick out Loyal Remainder Share Holders

Novopan Industries Delisted in 2014 at a Delisting Price of Rs.40 /-

Its Promoters have initiated the process of Compulsory Buying back of remaining shareholders  , by way of NCLT mandated Selected Capital Reduction 

 Share price has  been arbitrarily valued at Rs. 40 ( same at the Exit price determined 5 years back.

 This is totally unacceptable . 

Novopan Industries has very valuable land bank 


EGM for this purpose on 11/05/2019 at Hyderabad

.
===================================

The Valuers etc are all engaged by the Managements and cannot be considered as Unbiased or totally Fair. Affected shareholders should be allowed to have their own valuers / Valuation Reports. 

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

SEBI must intervene. Laws must be changed to protect the small share holders of Unlisted Companies.

http://smartinvestor.business-standard.com/market/story-335029-storydet-Bosch_firm_squeezes_minority_holders.htm

http://www.financialexpress.com/article/markets/indian-markets/companies-shareholders-must-find-common-ground-on-exit-strategies/133280/ 



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

OLD POSTS
Jolly Board , which holds very valuable real estate assets in Kanjur Marg , Mumabi , is also following similar cheap tactic to oust loyal remainder small shareholders.

http://www.rareindianshares.info/2015/11/jolly-board-consolidates-face-value-to.html

========

Suashish Diamonds does the same anti shareholders move :-

http://www.rareindianshares.info/2015/12/suashish-diamonds-to-kick-out-loyal.html

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

Blog Disclaimer : Please Recheck  All Information . All information given in Good Faith. No Responsibility . 

=========

For further case studies  vis - a - vis small shareholders , please consider the following links :-

http://www.suchetadalal.com/?id=175202d7-a5ce-be2f-492fe1477460&base=sub_sections_content&f&t=Essar%27s+Delisted+Saga

 http://www.business-standard.com/india/news/cadbury-raises-buyback-price/421719/

 http://www.moneycontrol.com/news/business/why-didn39t-you-give-fin-projections-to-ey-hc-asks-cadbury_562074.html

http://seekingalpha.com/news-article/1520805-cadbury-kraft-india-one-of-fastest-growing-operations-for-kraft-globally

http://rareindianshares.blogspot.com/2011/01/cadbury-quit-india.html

http://www.gauravblog.com/?p=1277

http://www.kraftfoodscompany.com/in/en/Brands/index.aspx

http://www.rareindianshares.info/2012/07/ecellent.html

http://altaisadvisors.com/blog/2012/07/08/cadbury-india/comment-page-1/#comment-1517

http://www.rareindianshares.info/2012/11/cadbury-india-or-mondelez-international.html

LINK

http://www.rareindianshares.info/2011/01/cadbury-india-limited.html

http://economictimes.indiatimes.com/personal-finance/savings-centre/analysis/small-equity-investor-how-to-safeguard-your-interests/articleshow/21742266.cms?curpg=3

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

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

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

NB :All information given in good faith. Please recheck every point before taking an investment decision.No responsibility with this blog / blog writer