Dalmia Bharat Refractories- Now also under NSE scrutiny - NSE Listing Likely - PLEASE RECHECK THIS

There is positive news for the shareholders of Dalmia Bharat Refractories . Dalmia Bharat Refractories is currently listed in two Non Operational Stock Exchanges i.e.  Calcutta Stock Exchange and Metropolitan Stock Exchange.

But because of demerger of some Units of Dalmia Bharat Sugar , which is listed in NSE, Dalmia Bharat Refractories , now , has to comply with directions of NSE.

Please click on the following link for NSE's directions to Dalmia Bharat Refractories ;-

https://www.dalmiaocl.com/documents/Revised_Scheme.pdf  Blog Credit to ;-Mr. Vijay, Jalandhar , m 7009409142 himanshusoi478@gmail.com

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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

Blog ;  Please Recheck this.

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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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 As such there are , now , no sellers ,     in the Unlisted Market , of shares of  Dalmia Bharat Refractories even at Rs. 350 / share . On NSE listing investors are expecting a price of Rs 500 / share and a split to Rs 2 / share as is the case with Dalmia Bharat and Dalmia Bharat Sugar 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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 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

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Blog Request  Please Recheck All Details

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OLD  POSTS

 
March 19, 2024
Dalmia Bharat Refractories Becoming like Dalmia Group'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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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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It appears 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 to further the interest of fellow investors. Please recheck every point before taking any investment decision. No responsibility with this Blog or Blog Writer

Midland Microfin - Please Inform Current Market Price

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Regards

ICICI Securities Shareholders Challenge Delisting , Form Action Committee - ET Link

 Please click ;-

https://economictimes.indiatimes.com/markets/stocks/news/icici-securities-minority-investors-to-challenge-delisting/articleshow/109546297.cms?from=mdr

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Blog Comments

Shareholders' Activism Zindabad

 Share Activism is a step in the Right Direction. There is , always , a threat of oppression by the Majority shareholders ( Promoters )on Minority ( Public ) shareholders.

 please click


https://www.bloombergquint.com/business/2017/10/12/billionaires-taken-to-task-by-rise-of-india-s-minority-investors

 Till date, the most powerful tool in the hands of minority shareholders has been bringing a suit for oppression and 

mismanagement, said Suhail Nathani, managing partner, Economic Law Practice. "Under the 2013 Companies Act, 

Section 245, over 100 shareholders can also file a class action suit but its application and enforcement is still nascent," 
he said. 

Read more at:

http://economictimes.indiatimes.com/articleshow/60370946.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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Blog

 OLD POST 

February 14, 2018

Games Promoters Play ( on Minority Public Shareholders ).

Promoters use clever moves to forcibly eject Public shareholders when ever they feel like i.e. when the Company has excellent future prospects or when it suits the Promoters. 

1 ) Selective cancellation of Non Promoters shares.

2 ) Conversion of Equity shares in to Redeemable Preference Shares.

3 ) Consolidation of face value of one share to a Higher Denomination .


In all cases , valuers are appointed and Paid by the Company. Thus they are Promoters' Agents.

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HUM MEHNAT KASH ISS DUNIYA SE

JAB APNA HISSA MANGEY GEY

IK BAGH NAHI; IKK KHET NAHIN

HUM SAARI DUNIYA MANGEY GEY

( Josh Malihabadi )

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Saada Haq -   Ethey Rakh

 

Indofil Industries - Analysis by Altius Investech- Message Received

BLOG DISCLAIMER 

 MESSAGE AS RECEIVED .PLEASE RECHECK INDEPENDENTLY   ALSO

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 MESSAGE

 

Indofil Industries Ltd     About The Company Indofil Industries Limited (IIL), is a KK Modi Group company, and is engaged in manufacturing of agrochemicals (technical and formulations) and specialty chemicals. IIL is a one of the leading manufacturers in the world of Mancozeb, the world’s largest selling fungicide. The company has two divisions, namely agrochemicals (mainly fungicides, insecticides, etc.) and specialty & performance chemicals (SPCD) (performance chemicals for textile, plastic, coating, etc.).

Shareholding Pattern   K.K. Modi Investment & Financial Services Private Limited: 44.75% UPSIDC LIMITED: 9.45% APMS Investment Fund Ltd: 7.12% Modi Industries Limite: 4.57% Cresta Funds Ltd: 2.17% Life Insurance Corporation of India: 1.3%

Financial Highlights

Valuation   No of outstanding shares: 20.66 Cr. Current market price: Rs 810/sh  Market capitalization: Rs 1834.36 Cr. Price/sales: 0.6 times Price/earnings: 7.01 times

Peer Comparison

Given the figures above, it is clear that indofil's P/E right now is five times lower than its peer and that it has a great deal of potential to provide respectable returns in the future.

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Shares for Investment - Moneycontrol Link

 Please click ;-

https://www.moneycontrol.com/news/business/markets/experts-bet-on-these-10-stocks-that-may-outperform-market-with-healthy-returns-12688281.html